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Insurance Claim Reserves (tables)
12 Months Ended
Dec. 31, 2011
Insurance Claim Reserves disclosure  
Claims and claim adjustment expense reserves [Table Text Block]

 

(at December 31, in millions)
  2011   2010  

Property-casualty

  $ 51,353   $ 51,537  

Accident and health

    66     69  
           

Total

  $ 51,419   $ 51,606  
           
Reconciliation of beginning and ending property casualty reserve balances for claims and claim adjustment expenses [Table Text Block]

 

(at and for the year ended December 31, in millions)
  2011   2010   2009  

Claims and claim adjustment expense reserves at beginning of year

  $ 51,537   $ 53,529   $ 55,121  

Less reinsurance recoverables on unpaid losses

    11,282     12,588     13,809  
               

Net reserves at beginning of year

    40,255     40,941     41,312  
               

Estimated claims and claim adjustment expenses for claims arising in the current year

    16,937     14,452     13,681  

Estimated decrease in claims and claim adjustment expenses for claims arising in prior years

    (842 )   (1,417 )   (1,449 )
               

Total increases

    16,095     13,035     12,232  
               

Claims and claim adjustment expense payments for claims arising in:

                   

Current year

    7,751     5,949     5,399  

Prior years

    7,653     7,748     7,519  
               

Total payments

    15,404     13,697     12,918  
               

Unrealized foreign exchange (gain) loss

    (27 )   (24 )   315  
               

Net reserves at end of year

    40,919     40,255     40,941  

Plus reinsurance recoverables on unpaid losses

    10,434     11,282     12,588  
               

Claims and claim adjustment expense reserves at end of year

  $ 51,353   $ 51,537   $ 53,529