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Insurance Claim Reserves (tables)
3 Months Ended
Mar. 31, 2017
Insurance Claim Reserves disclosure  
Claims and claim adjustment expense reserves [Table Text Block]

 

(in millions)

 

March 31,
2017

 

December 31,
2016

 

Property-casualty

 

$

48,301

 

$

47,929

 

Accident and health

 

19

 

20

 

 

 

 

 

 

 

Total

 

$

48,320

 

$

47,949

 

 

 

 

 

 

 

 

 

Reconciliation of beginning and ending property casualty reserve balances for claims and claim adjustment expenses [Table Text Block]

 

(for the three months ended March 31, in millions)

 

2017

 

2016

 

 

 

 

 

 

 

 

 

Claims and claim adjustment expense reserves at beginning of year

 

$

47,929

 

$

48,272

 

Less reinsurance recoverables on unpaid losses

 

7,981

 

8,449

 

 

 

 

 

 

 

Net reserves at beginning of year

 

39,948

 

39,823

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

4,126

 

3,843

 

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

 

(50

)

(149

)

 

 

 

 

 

 

Total increases

 

4,076

 

3,694

 

 

 

 

 

 

 

Claims and claim adjustment expense payments for claims arising in:

 

 

 

 

 

Current year

 

887

 

789

 

Prior years

 

2,812

 

2,563

 

 

 

 

 

 

 

Total payments

 

3,699

 

3,352

 

 

 

 

 

 

 

Unrealized foreign exchange loss

 

34

 

102

 

 

 

 

 

 

 

Net reserves at end of period

 

40,359

 

40,267

 

Plus reinsurance recoverables on unpaid losses

 

7,942

 

8,351

 

 

 

 

 

 

 

Claims and claim adjustment expense reserves at end of period

 

$

48,301

 

$

48,618