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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2021
Reinsurance Disclosures [Abstract]  
Components of Reinsurance Receivables
The following table presents the amounts receivable from reinsurers.
December 31
(In millions)20212020
Reinsurance receivables related to insurance reserves:
Ceded claim and claim adjustment expenses$4,969 $4,005 
Ceded future policy benefits288 263 
Reinsurance receivables related to paid losses227 210 
Reinsurance receivables5,484 4,478 
Allowance for uncollectible reinsurance(21)(21)
Reinsurance receivables, net of allowance for uncollectible reinsurance$5,463 $4,457 
Reinsurance Recoverable, Credit Quality Indicator The following table summarizes the outstanding amount of voluntary reinsurance receivables, gross of any collateral arrangements, by financial strength rating.
(In millions)December 31, 2021
A- to A++3,812 
B- to B++987
Insolvent3
Total voluntary reinsurance outstanding balance(1)
$4,802 
(1)    Expected credit losses for legacy A&EP receivables are ceded to NICO and the reinsurance limit on the LPT has not been exhausted, therefore no allowance is recorded for these receivables and they are excluded from the table above. Refer to Note E to the Consolidated Financial Statements for information regarding the LPT. The Company has also excluded receivables from involuntary pools.
Components of Earned and Written Premiums
The effects of reinsurance on earned premiums and written premiums are presented in the following tables.
(In millions)DirectAssumedCededNetAssumed/
Net %
2021 Earned Premiums
Property and casualty$12,554 $240 $5,110 $7,684 3.1 %
Long term care443 48 — 491 9.8 %
Total earned premiums$12,997 $288 $5,110 $8,175 3.5 %
2020 Earned Premiums
Property and casualty$11,547 $238 $4,640 $7,145 3.3 %
Long term care454 50 — 504 9.9 %
Total earned premiums$12,001 $288 $4,640 $7,649 3.8 %
2019 Earned Premiums
Property and casualty$11,021 $288 $4,401 $6,908 4.2 %
Long term care470 50 — 520 9.6 %
Total earned premiums$11,491 $338 $4,401 $7,428 4.6 %
(In millions)DirectAssumedCededNetAssumed/
Net %
2021 Written Premiums
Property and casualty$13,150 $255 $5,485 $7,920 3.2 %
Long term care437 48 — 485 9.9 %
Total written premiums$13,587 $303 $5,485 $8,405 3.6 %
2020 Written Premiums
Property and casualty$12,168 $229 $4,832 $7,565 3.0 %
Long term care444 50 — 494 10.1 %
Total written premiums$12,612 $279 $4,832 $8,059 3.5 %
2019 Written Premiums
Property and casualty$11,421 $281 $4,569 $7,133 3.9 %
Long term care473 50 — 523 9.6 %
Total written premiums$11,894 $331 $4,569 $7,656 4.3 %