Reinsurance

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
		2012		2011		2012		2011
Property-liability insurance premiums earned	$	272	$	277	$	813	$	821
Life and annuity premiums and contract charges		161		180		500		558

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 September 30,				Nine months ended September 30,
		2012		2011		2012		2011
Property-liability insurance claims and claims expense	$	188	$	287	$	327	$	485
Life and annuity contract benefits		184		207		388		343
Interest credited to contractholder funds		7		7		21		21