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Insurance Claim Reserves (tables)
6 Months Ended
Jun. 30, 2017
Insurance Claim Reserves disclosure  
Claims and claim adjustment expense reserves [Table Text Block]

 

(in millions)

 

June 30,
2017

 

December 31,
 2016

 

Property-casualty

 

$

48,556

 

$

47,929

 

Accident and health

 

18

 

20

 

Total

 

$

48,574

 

$

47,949

 

 

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

 

(for the six months ended June 30, 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

 

8,493

 

7,859

 

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

 

(214

)

(418

)

Total increases

 

8,279

 

7,441

 

 

 

 

 

 

 

Claims and claim adjustment expense payments for claims arising in:

 

 

 

 

 

Current year

 

2,699

 

2,454

 

Prior years

 

4,966

 

5,004

 

Total payments

 

7,665

 

7,458

 

Unrealized foreign exchange loss

 

117

 

36

 

 

 

 

 

 

 

Net reserves at end of period

 

40,679

 

39,842

 

Plus reinsurance recoverables on unpaid losses

 

7,877

 

8,089

 

Claims and claim adjustment expense reserves at end of period

 

$

48,556

 

$

47,931