Reinsurance (Tables)

12 Months Ended

Dec. 31, 2012

Effect of Reinsurance on Premiums Written and Earned

The effect of reinsurance on the premiums written and earned of the P&C Group was as follows:

	Years Ended December 31
	2012			2011			2010
	(in millions)
Direct premiums written	$	12,647		$	12,452		$	12,072
Reinsurance assumed		423			398			271
Reinsurance ceded		(1,200	)		(1,092	)		(1,107	)
Net premiums written	$	11,870		$	11,758		$	11,236
Direct premiums earned	$	12,596		$	12,387		$	12,059
Reinsurance assumed		422			365			253
Reinsurance ceded		(1,180	)		(1,108	)		(1,097	)
Net premiums earned	$	11,838		$	11,644		$	11,215