Reinsurance and Indemnification (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of reductions to costs and expenses due to reinsurance ceded amounts


Effects of reinsurance ceded and indemnification programs on property and casualty premiums earned and accident and health insurance premiums and contract charges
($ in millions)	Three months ended March 31,
	2023		2022
Property and casualty insurance premiums earned	$	(446)	$	(427)
Accident and health insurance premiums and contract charges	(9)		(8)


Effects of reinsurance ceded and indemnification programs on property and casualty insurance claims and claims expense and accident, health and other policy benefits
($ in millions)	Three months ended March 31,
	2023		2022
Property and casualty insurance claims and claims expense (1)	$	(320)	$	(109)
Accident, health and other policy benefits	(8)		(7)

(1)Includes approximately $58 million of ceded losses offset by approximately $18 million of reinstatement premiums, related to the Nationwide Reinsurance Program for the first quarter of 2023.

Schedule of reinsurance recoverable for paid and unpaid claims

Reinsurance and indemnification recoverables


Reinsurance and indemnification recoverables, net
($ in millions)	March 31, 2023		December 31, 2022
Property and casualty
Paid and due from reinsurers and indemnitors	$	265	$	291
Unpaid losses estimated (including IBNR)	9,111		9,176
Total property and casualty	$	9,376	$	9,467

Accident and health insurance	152		152
Total	$	9,528	$	9,619

Schedule of rollforward of credit loss allowance for reinsurance recoverables


Rollforward of credit loss allowance for reinsurance recoverables
($ in millions)	Three months ended March 31,
	2023		2022
Property and casualty (1) (2)
Beginning balance	$	(62)	$	(66)
Decrease (increase) in the provision for credit losses	1		—
Write-offs	—		—
Ending balance	$	(61)	$	(66)

Accident and health insurance
Beginning balance	$	(3)	$	(8)

Increase in the provision for credit losses	—		—
Write-offs	—		—
Ending balance	$	(3)	$	(8)

(1)Primarily related to Run-off Property-Liability reinsurance ceded.

(2)Indemnification recoverables are considered collectible based on the industry pool and facility enabling legislation.