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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2015
Reinsurance Disclosures [Abstract]  
Effects of reinsurance on property-liability insurance premiums written and earned and life and annuity premiums and contract charges
The effects of reinsurance on property-liability insurance premiums written and earned and life and annuity premiums and contract charges for the years ended December 31 are as follows:
($ in millions)
2015
 
2014
 
2013
Property-liability insurance premiums written
 
 
 
 
 
Direct
$
31,924

 
$
30,686

 
$
29,241

Assumed
39

 
48

 
52

Ceded
(1,092
)
 
(1,120
)
 
(1,129
)
Property-liability insurance premiums written, net of reinsurance
$
30,871


$
29,614


$
28,164

Property-liability insurance premiums earned
 
 
 
 
 
Direct
$
31,274

 
$
29,914

 
$
28,638

Assumed
41

 
45

 
49

Ceded
(1,006
)
 
(1,030
)
 
(1,069
)
Property-liability insurance premiums earned, net of reinsurance
$
30,309

 
$
28,929

 
$
27,618

Life and annuity premiums and contract charges
 
 
 
 
 
Direct
$
1,641

 
$
1,944

 
$
2,909

Assumed
849

 
629

 
82

Ceded
(332
)
 
(416
)
 
(639
)
Life and annuity premiums and contract charges, net of reinsurance
$
2,158

 
$
2,157

 
$
2,352
Summary of retention limits by period of policy issuance
The following table summarizes those retention limits by period of policy issuance.
Period
 
Retention limits
April 2015 through current
 
Single life: $2 million per life
Joint life: no longer offered
April 2011 through March 2015
 
Single life: $5 million per life, $3 million age 70 and over, and $10 million for contracts that meet specific criteria
Joint life: $8 million per life, and $10 million for contracts that meet specific criteria
July 2007 through March 2011
 
$5 million per life, $3 million age 70 and over, and $10 million for contracts that meet specific criteria
September 1998 through June 2007
 
$2 million per life, in 2006 the limit was increased to $5 million for instances when specific criteria were met
August 1998 and prior
 
Up to $1 million per life
Summary of reinsurance recoverables on paid and unpaid benefits
Allstate Financial’s reinsurance recoverables on paid and unpaid benefits as of December 31 are summarized in the following table.
($ in millions)
2015
 
2014
Annuities
$
1,457

 
$
1,594

Life insurance
897

 
916

Other
185

 
197

Total Allstate Financial
$
2,539

 
$
2,707