Reserve for Property and Casualty Insurance Claims and Claims Expense (Tables)

3 Months Ended

Mar. 31, 2020

Reserve for Property-Liability Insurance Claims and Claims Expense [Abstract]

Schedule of liability for unpaid claims and claims adjustment expense

Prior year reserve reestimates included in claims and claims expense (1)
	Three months ended March 31,
($ in millions)	Non-catastrophes losses						Catastrophes losses						Total
	2020			2019			2020			2019 (2)			2020			2019
Auto	$	22		$	(53	)	$	(9	)	$	(1	)	$	13		$	(54	)
Homeowners	1			7			(8		)	46			(7		)	53
Other personal lines	(2		)	(2		)	(4		)	9			(6		)	7
Commercial lines	5			5			1			(1		)	6			4
Discontinued Lines and Coverages	2			2			—			—			2			2
Service Businesses	—			—			—			—			—			—
Total prior year reserve reestimates	$	28		$	(41	)	$	(20	)	$	53		$	8		$	12

⁽¹⁾  Favorable reserve reestimates are shown in parentheses.

⁽²⁾ 

Includes $15 million of reinstatement reinsurance premiums incurred during the period related to the 2018 Camp Fire, which primarily impacted homeowners reestimates.

Rollforward of the reserve for property and casualty insurance claims and claims expense
	Three months ended March 31,
($ in millions)	2020			2019
Balance as of January 1	$	27,712		$	27,423
Less recoverables (1)	(6,912		)	(7,155		)
Net balance as of January 1	20,800			20,268
Incurred claims and claims expense related to:
Current year	5,333			5,808
Prior years	8			12
Total incurred	5,341			5,820
Claims and claims expense paid related to:
Current year	(2,352		)	(2,270		)
Prior years	(3,554		)	(3,294		)
Total paid	(5,906		)	(5,564		)
Net balance as of March 31	20,235			20,524
Plus recoverables	6,913			7,020
Balance as of March 31	$	27,148		$	27,544

⁽¹⁾ 

Recoverables comprises reinsurance and indemnification recoverables.