Reinsurance (Tables)

3 Months Ended

Mar. 31, 2012

Earned Consolidated Property Casualty Insurance Premiums on Assumed and Ceded Business

Our condensed consolidated statements of comprehensive income include earned consolidated property casualty insurance premiums on assumed and ceded business: 

(In millions)	Three months ended March 31,
	2012			2011
Direct earned premiums	$	839		$	780
Assumed earned premiums		3			5
Ceded earned premiums		(44	)		(40	)
Net earned premiums	$	798		$	745

Incurred Consolidated Property Casualty Insurance Loss and Loss Expenses on Assumed and Ceded Business

Our condensed consolidated statements of comprehensive income include incurred consolidated property casualty insurance loss and loss expenses on assumed and ceded business:

(In millions)	Three months ended March 31,
	2012				2011
Direct incurred loss and loss expenses	$	536		$	527
Assumed incurred loss and loss expenses		5			15
Ceded incurred loss and loss expenses		(2	)		(12	)
Net incurred loss and loss expenses	$	539		$	530

Earned Life Insurance Premiums on Ceded Business

Our condensed consolidated statements of comprehensive income include earned life insurance premiums on ceded business:

(In millions)	Three months ended March 31,
	2012			2011
Direct earned premiums	$	54		$	50
Assumed earned premiums		-			-
Ceded earned premiums		(13	)		(13	)
Net earned premiums	$	41		$	37

Life Insurance Contract Holders' Benefits Incurred on Ceded Business

Our condensed consolidated statements of comprehensive income include life insurance contract holders’ benefits incurred on ceded business:

(In millions)	Three months ended March 31,
	2012			2011
Direct contract holders' benefits incurred	$	53		$	53
Assumed contract holders' benefits incurred		-			-
Ceded contract holders' benefits incurred		(10	)		(8	)
Net incurred loss and loss expenses	$	43		$	45