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Schedule VI. Supplemental Information Concerning Property and Casualty Insurance Operations
12 Months Ended
Dec. 31, 2017
Supplemental Information for Property, Casualty Insurance Underwriters [Abstract]  
Schedule VI. Supplemental Information Concerning Property and Casualty Insurance Operations
SCHEDULE VI. SUPPLEMENTAL INFORMATION CONCERNING PROPERTY AND CASUALTY INSURANCE OPERATIONS
As of and for the years ended December 31
Consolidated Property and Casualty Operations
(In millions)
2017
 
2016
 
2015
Balance Sheet Data
 
 
 
 
 
Deferred acquisition costs
$
632

 
$
599

 


Reserves for unpaid claim and claim adjustment expenses
22,004

 
22,343

 


Discount deducted from claim and claim adjustment expense reserves above (based on interest rates ranging from 3.5% to 8.0%)
1,434

 
1,572

 


Unearned premiums
4,029

 
3,762

 


Statement of Operations Data
 
 
 
 
 
Net written premiums
$
7,069

 
$
6,988

 
$
6,962

Net earned premiums
6,988

 
6,924

 
6,921

Net investment income
1,992

 
1,952

 
1,807

Incurred claim and claim adjustment expenses related to current year
5,201

 
5,025

 
4,934

Incurred claim and claim adjustment expenses related to prior years
(381
)
 
(342
)
 
(255
)
Amortization of deferred acquisition costs
1,233

 
1,235

 
1,540

Paid claim and claim adjustment expenses
5,341

 
5,134

 
4,945