Reserve for Property-Liability Insurance Claims and Claims Expense (Tables)

12 Months Ended

Dec. 31, 2015

Reserve for Property-Liability Insurance Claims and Claims Expense

Activity in the reserve for property-liability insurance claims and claims expense

Activity in the reserve for property-liability insurance claims and claims expense is summarized as follows:

($ in millions)	2015		2014			2013
Balance as of January 1	$	22,923	$	21,857		$	21,288
Less reinsurance recoverables	5,694		4,664			4,010
Net balance as of January 1	17,229		17,193			17,278
Incurred claims and claims expense related to:
Current year	20,953		19,512			18,032
Prior years	81		(84		)	(121		)
Total incurred	21,034		19,428			17,911
Claims and claims expense paid related to:
Current year	13,660		12,924			11,658
Prior years	6,626		6,468			6,338
Total paid	20,286		19,392			17,996
Net balance as of December 31	17,977		17,229			17,193
Plus reinsurance recoverables	5,892		5,694			4,664
Balance as of December 31	$	23,869	$	22,923		$	21,857