XML 33 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Claim and Claim Adjustment Expense Reserves (Tables)
9 Months Ended
Sep. 30, 2016
Liability for Claims and Claims Adjustment Expense [Abstract]  
Net prior year development
The following tables and discussion present the net prior year development.
Three months ended September 30, 2016
 
 
 
 
 
 
 
 
 
(In millions)
Specialty
 
Commercial
 
International
 
Corporate & Other Non-Core
 
Total
Pretax (favorable) unfavorable net prior year claim and allocated claim adjustment expense reserve development
$
(112
)
 
$
(5
)
 
$
(15
)
 
$

 
$
(132
)
Pretax (favorable) unfavorable premium development

 
(3
)
 
(2
)
 

 
(5
)
Total pretax (favorable) unfavorable net prior year development
$
(112
)
 
$
(8
)
 
$
(17
)
 
$

 
$
(137
)
Three months ended September 30, 2015
 
 
 
 
 
 
 
 
 
(In millions)
Specialty
 
Commercial
 
International
 
Corporate & Other Non-Core
 
Total
Pretax (favorable) unfavorable net prior year claim and allocated claim adjustment expense reserve development
$
(130
)
 
$
(11
)
 
$
(34
)
 
$

 
$
(175
)
Pretax (favorable) unfavorable premium development
(2
)
 
(5
)
 
2

 

 
(5
)
Total pretax (favorable) unfavorable net prior year development
$
(132
)
 
$
(16
)
 
$
(32
)
 
$

 
$
(180
)
Nine months ended September 30, 2016
 
 
 
 
 
 
 
 
 
(In millions)

Specialty
 
 Commercial
 
International
 
Corporate
& Other
Non-Core
 
Total
Pretax (favorable) unfavorable net prior year claim and allocated claim adjustment expense reserve development
$
(211
)
 
$
(37
)
 
$
(34
)
 
$

 
$
(282
)
Pretax (favorable) unfavorable premium development
(18
)
 
(7
)
 
(2
)
 

 
(27
)
Total pretax (favorable) unfavorable net prior year development
$
(229
)
 
$
(44
)
 
$
(36
)
 
$

 
$
(309
)
Nine months ended September 30, 2015
 
 
 
 
 
 
 
 
 
(In millions)

Specialty
 
 Commercial
 
International
 
Corporate
& Other
Non-Core
 
Total
Pretax (favorable) unfavorable net prior year claim and allocated claim adjustment expense reserve development
$
(141
)
 
$

 
$
(46
)
 
$

 
$
(187
)
Pretax (favorable) unfavorable premium development
(10
)
 
(17
)
 
16

 

 
(11
)
Total pretax (favorable) unfavorable net prior year development
$
(151
)
 
$
(17
)
 
$
(30
)
 
$

 
$
(198
)
Net prior year claim and allocated claim adjustment expense reserve development for Specialty segment
The following table presents further detail of the net prior year claim and allocated claim adjustment expense reserve development (development) recorded for the Specialty segment.
Periods ended September 30
Three Months
 
Nine Months
(In millions)
2016
 
2015
 
2016
 
2015
Pretax (favorable) unfavorable development:
 
 
 
 
 
 
 
Medical Professional Liability
$
13

 
$
(19
)
 
$
(17
)
 
$
(11
)
Other Professional Liability and Management Liability
(48
)
 
(37
)
 
(98
)
 
(41
)
Surety
(63
)
 
(70
)
 
(63
)
 
(69
)
Warranty
2

 

 
7

 
1

Other
(16
)
 
(4
)
 
(40
)
 
(21
)
Total pretax (favorable) unfavorable development
$
(112
)
 
$
(130
)
 
$
(211
)
 
$
(141
)
Net prior year claim and allocated claim adjustment expense reserve development for Commercial segment
The following table presents further detail of the development recorded for the Commercial segment.
Periods ended September 30
Three Months
 
Nine Months
(In millions)
2016

2015
 
2016
 
2015
Pretax (favorable) unfavorable development:
 
 
 
 
 
 
 
Commercial Auto
$
(12
)
 
$

 
$
(47
)
 
$
7

General Liability
14

 
3

 
(38
)
 
8

Workers' Compensation
(6
)
 
(1
)
 
48

 
22

Property and Other
(1
)
 
(13
)
 

 
(37
)
Total pretax (favorable) unfavorable development
$
(5
)
 
$
(11
)
 
$
(37
)
 
$

Net prior year claim and allocated claim adjustment expense reserve development for International segment
The following table presents further detail of the development recorded for the International segment.
Periods ended September 30
Three Months
 
Nine Months
(In millions)
2016
 
2015
 
2016
 
2015
Pretax (favorable) unfavorable development:
 
 
 
 
 
 
 
Medical Professional Liability
$
(2
)
 
$
(8
)
 
$
(3
)
 
$
(8
)
Other Professional Liability
(1
)
 
(11
)
 
16

 
(16
)
Liability
(2
)
 
(5
)
 
(21
)
 
(12
)
Property & Marine
(9
)
 
(5
)
 
(16
)
 
(19
)
Other
(1
)
 
(5
)
 
(10
)
 
9

Total pretax (favorable) unfavorable development
$
(15
)
 
$
(34
)
 
$
(34
)
 
$
(46
)
Impact Of Loss Portfolio Transfer On Consolidated Statements Of Operations [Table Text Block]
The following table presents the impact of the Loss Portfolio Transfer on the Condensed Consolidated Statements of Operations.
Periods ended September 30
Three Months
 
Nine Months
(In millions)
2016
 
2015
 
2016
 
2015
Net A&EP adverse development before consideration of LPT
$

 
$

 
$
200

 
$
150

Provision for uncollectible third-party reinsurance on A&EP

 

 

 

Additional amounts ceded under LPT

 

 
200

 
150

Retroactive reinsurance benefit recognized
(12
)
 
(4
)
 
(94
)
 
(75
)
Pretax impact of unrecognized deferred retroactive reinsurance benefit
$
(12
)
 
$
(4
)
 
$
106

 
$
75