Property Casualty Loss and Loss Expenses (Tables)

3 Months Ended

Mar. 31, 2012

Consolidated Property Casualty Loss and Loss Expense Reserves

This table summarizes activity for our consolidated property casualty loss and loss expense reserves:

(In millions)	Three months ended March 31,
	2012			2011
Gross loss and loss expense reserves, January 1	$	4,280		$	4,137
Less reinsurance receivable		375			326
Net loss and loss expense reserves, January 1		3,905			3,811
Net incurred loss and loss expenses related to:
Current accident year		655			588
Prior accident years		(116	)		(58	)
Total incurred		539			530
Net paid loss and loss expenses related to:
Current accident year		132			129
Prior accident years		375			359
Total paid		507			488
Net loss and loss expense reserves, March 31		3,937			3,853
Plus reinsurance receivable		352			326
Gross loss and loss expense reserves, March 31	$	4,289		$	4,179