Property Casualty Loss and Loss Expenses (Tables)

9 Months Ended

Sep. 30, 2012

Consolidated Property Casualty Loss and Loss Expense Reserves

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

	Three months ended September 30,						Nine months ended September 30,
(In millions)	2012			2011			2012			2011
Gross loss and loss expense reserves, beginning of period	$	4,337		$	4,479		$	4,280		$	4,137
Less reinsurance receivable		332			508			375			326
Net loss and loss expense reserves, beginning of period		4,005			3,971			3,905			3,811
Net incurred loss and loss expenses related to:
Current accident year		611			675			1,991			2,115
Prior accident years		(86	)		(68	)		(287	)		(221	)
Total incurred		525			607			1,704			1,894
Net paid loss and loss expenses related to:
Current accident year		364			360			778			878
Prior accident years		229			205			894			814
Total paid		593			565			1,672			1,692
Net loss and loss expense reserves, end of period		3,937			4,013			3,937			4,013
Plus reinsurance receivable		343			450			343			450
Gross loss and loss expense reserves, end of period	$	4,280		$	4,463		$	4,280		$	4,463