Reinsurance

6 Months Ended

Jun. 30, 2012

Reinsurance

Reinsurance

8.  Reinsurance

Property-liability insurance premiums earned and life and annuity premiums and contract charges have been reduced by the reinsurance ceded amounts shown in the following table:

($ in millions)		Three months ended June 30,				Six months ended June 30,
		2012		2011		2012		2011
Property-liability insurance premiums earned	$	270	$	274	$	541	$	544
Life and annuity premiums and contract charges		167		185		339		378

Property-liability insurance claims and claims expense, life and annuity contract benefits and interest credited to contractholder funds have been reduced by the reinsurance ceded amounts shown in the following table.

($ in millions)		Three months ended June 30,				Six months ended June 30,
		2012		2011		2012		2011
Property-liability insurance claims and claims expense	$	71	$	61	$	139	$	198
Life and annuity contract benefits		138		52		204		136
Interest credited to contractholder funds		7		6		14		14