XML 46 R47.htm IDEA: XBRL DOCUMENT v2.4.0.6
Property and Casualty Unpaid Losses and Loss Expenses (Tables)
12 Months Ended
Dec. 31, 2012
Liability for Claims and Claims Adjustment Expense [Abstract]  
Schedule of reconciliation of property and casualty beginning and ending loss and loss expense reserve balances
(in millions)
 
Property and Casualty Group
 
 
2012
 
2011
 
2010
Losses and loss expense reserves at January 1, – Gross
 
$
3,499

 
$
3,584

 
$
3,598

Less: reinsurance recoverable
 
151

 
188

 
200

Losses and loss expense reserves at January 1, – Net
 
3,348

 
3,396

 
3,398

 
 
 
 
 
 
 
Incurred losses and loss expenses related to:
 
 
 
 
 
 
Current accident year
 
3,494

 
3,616

 
3,053

Prior accident years
 
(115
)
 
(272
)
 
(244
)
Total incurred losses and loss expenses
 
3,379

 
3,344

 
2,809

 
 
 
 
 
 
 
Paid losses and loss expenses related to:
 
 
 
 
 
 
Current accident year
 
2,166

 
2,360

 
1,855

Prior accident years
 
1,117

 
1,032

 
956

Total paid losses and loss expenses
 
3,283

 
3,392

 
2,811

 
 
 
 
 
 
 
Losses and loss expense reserves at December 31, – Net
 
3,444

 
3,348

 
3,396

Add: reinsurance recoverable
 
154

 
151

 
188

Losses and loss expense reserves at December 31, – Gross
 
$
3,598

 
$
3,499

 
$
3,584