Property Casualty Loss and Loss Expenses (Tables)

6 Months Ended

Jun. 30, 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 June 30,						Six months ended June 30,
	2012			2011			2012			2011
Gross loss and loss expense reserves, beginning of period	$	4,289		$	4,179		$	4,280		$	4,137
Less reinsurance receivable		352			326			375			326
Net loss and loss expense reserves, beginning of period		3,937			3,853			3,905			3,811
Net incurred loss and loss expenses related to:
Current accident year		725			853			1,380			1,442
Prior accident years		(85	)		(96	)		(201	)		(155	)
Total incurred		640			757			1,179			1,287
Net paid loss and loss expenses related to:
Current accident year		282			391			414			522
Prior accident years		290			248			665			608
Total paid		572			639			1,079			1,130
Net loss and loss expense reserves, end of period		4,005			3,971			4,005			3,971
Plus reinsurance receivable		332			508			332			508
Gross loss and loss expense reserves, end of period	$	4,337		$	4,479		$	4,337		$	4,479