Reinsurance (Tables)

12 Months Ended

Dec. 31, 2014

Insurance [Abstract]

Summary of Amounts Receivable from Reinsurers

The following table summarizes the amounts receivable from reinsurers:

December 31	2014		2013
(In millions)
Reinsurance receivables related to insurance reserves:
Ceded claim and claim adjustment expenses	$	4,344	$	4,972
Ceded future policy benefits		185		733
Ceded policyholders’ funds				35
Reinsurance receivables related to paid losses		213		348
Reinsurance receivables		4,742		6,088
Less allowance for doubtful accounts		48		71
Reinsurance receivables, net of allowance for doubtful accounts	$	4,694	$	6,017

Summary of Effects of Reinsurance on Earned Premiums

The effects of reinsurance on earned premiums are shown in the following table:

	Direct		Assumed		Ceded		Net		Assumed/ Net %
(In millions)
Year Ended December 31, 2014
Property and casualty	$	9,452	$	277	$	3,073	$	6,656		4.2%
Accident and health		508		48				556		8.6
Earned premiums	$	9,960	$	325	$	3,073	$	7,212		4.5%
Year Ended December 31, 2013
Property and casualty	$	9,063	$	258	$	2,609	$	6,712		3.8%
Accident and health		511		48				559		8.6
Earned premiums	$	9,574	$	306	$	2,609	$	7,271		4.2%
Year Ended December 31, 2012
Property and casualty	$	8,354	$	197	$	2,229	$	6,322		3.1%
Accident and health		512		47				559		8.4
Earned premiums	$	8,866	$	244	$	2,229	$	6,881		3.5%