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

 

(in millions)

 

September 30,
2017

 

December 31,
2016

 

Property-casualty

 

$

49,733

 

$

47,929

 

Accident and health

 

17

 

20

 

 

 

 

 

 

 

Total

 

$

49,750

 

$

47,949

 

 

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

 

(for the nine months ended September 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

 

13,261

 

11,708

 

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

 

(197

)

(430

)

 

 

 

 

 

 

Total increases

 

13,064

 

11,278

 

 

 

 

 

 

 

Claims and claim adjustment expense payments for claims arising in:

 

 

 

 

 

Current year

 

4,799

 

4,334

 

Prior years

 

6,831

 

6,778

 

 

 

 

 

 

 

Total payments

 

11,630

 

11,112

 

 

 

 

 

 

 

Unrealized foreign exchange loss

 

215

 

12

 

 

 

 

 

 

 

Net reserves at end of period

 

41,597

 

40,001

 

Plus reinsurance recoverables on unpaid losses

 

8,136

 

8,146

 

 

 

 

 

 

 

Claims and claim adjustment expense reserves at end of period

 

$

49,733

 

$

48,147