XML 132 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2012
Reinsurance [Abstract]  
Components of Reinsurance Receivables
Components of Reinsurance Receivables
December 31
 
 
 
(In millions)
2012
 
2011
Reinsurance receivables related to insurance reserves:
 
 
 
Ceded claim and claim adjustment expenses
$
5,126

 
$
5,020

Ceded future policy benefits
759

 
792

Ceded policyholders' funds
35

 
36

Reinsurance receivables related to paid losses
311

 
244

Reinsurance receivables
6,231

 
6,092

Allowance for uncollectible reinsurance
(73
)
 
(91
)
Reinsurance receivables, net of allowance for uncollectible reinsurance
$
6,158

 
$
6,001
Components of Earned and Written Premiums
The effects of reinsurance on earned premiums and written premiums for the years ended December 31, 2012, 2011 and 2010 are shown in the following tables.
Components of Earned Premiums
(In millions)
Direct
 
Assumed
 
Ceded
 
Net
 
Assumed/
Net %
2012 Earned Premiums
 
 
 
 
 
 
 
 
 
Property and casualty
$
8,354

 
$
197

 
$
2,229

 
$
6,322

 
3.1
%
Accident and health
514

 
47

 
1

 
560

 
8.4
%
Life
51

 
—

 
51

 
—

 
—

Total earned premiums
$
8,919

 
$
244

 
$
2,281

 
$
6,882

 
3.5
%
 
 
 
 
 
 
 
 
 
 
2011 Earned Premiums
 
 
 
 
 
 
 
 
 
Property and casualty
$
7,858

 
$
95

 
$
1,919

 
$
6,034

 
1.6
%
Accident and health
521

 
50

 
2

 
569

 
8.8
%
Life
55

 
—

 
55

 
—

 
—

Total earned premiums
$
8,434

 
$
145

 
$
1,976

 
$
6,603

 
2.2
%
 
 
 
 
 
 
 
 
 
 
2010 Earned Premiums
 
 
 
 
 
 
 
 
 
Property and casualty
$
7,716

 
$
66

 
$
1,849

 
$
5,933

 
1.1
%
Accident and health
534

 
49

 
2

 
581

 
8.4
%
Life
60

 
—

 
59

 
1

 
—

Total earned premiums
$
8,310

 
$
115

 
$
1,910

 
$
6,515

 
1.8
%
Components of Written Premiums
(In millions)
Direct
 
Assumed
 
Ceded
 
Net
 
Assumed/
Net %
2012 Written Premiums
 
 
 
 
 
 
 
 
 
Property and casualty
$
8,467

 
$
169

 
$
2,225

 
$
6,411

 
2.6
%
Accident and health
507

 
47

 
1

 
553

 
8.5
%
Life
51

 
—

 
51

 
—

 
—

Total written premiums
$
9,025

 
$
216

 
$
2,277

 
$
6,964

 
3.1
%
 
 
 
 
 
 
 
 
 
 
2011 Written Premiums
 
 
 
 
 
 
 
 
 
Property and casualty
$
7,976

 
$
102

 
$
1,857

 
$
6,221

 
1.6
%
Accident and health
529

 
50

 
2

 
577

 
8.7
%
Life
55

 
—

 
55

 
—

 
—

Total written premiums
$
8,560

 
$
152

 
$
1,914

 
$
6,798

 
2.2
%
 
 
 
 
 
 
 
 
 
 
2010 Written Premiums
 
 
 
 
 
 
 
 
 
Property and casualty
$
7,673

 
$
77

 
$
1,853

 
$
5,897

 
1.3
%
Accident and health
527

 
48

 
2

 
573

 
8.4
%
Life
60

 
—

 
59

 
1

 
—

Total written premiums
$
8,260

 
$
125

 
$
1,914

 
$
6,471

 
1.9
%
Components of Life Insurance Inforce
Components of Life Insurance Inforce
(In millions)
Direct
 
Assumed
 
Ceded
 
Net
2012
$
5,713

 
$
—

 
$
5,702

 
$
11

2011
6,528

 
—

 
6,515

 
13

2010
8,015

 
—

 
8,001

 
14