Reserves for Insurance Losses and Loss Adjustment Expenses Reserves for Insurance Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2017

The following table shows a rollforward of our reserves for insurance losses and loss adjustment expenses.



($ in millions)	2017			2016
Total gross reserves for insurance losses and loss adjustment expenses at January 1,	$	149		$	169
Less: Reinsurance recoverable	108			120
Net reserves for insurance losses and loss adjustment expenses at January 1,	41			49
Net insurance losses and loss adjustment expenses incurred related to:
Current year	89			77
Prior years (a)	(1		)	(4		)
Total net insurance losses and loss adjustment expenses incurred	88			73
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year	(45		)	(37		)
Prior years	(23		)	(22		)
Total net insurance losses and loss adjustment expenses paid or payable	(68		)	(59		)
Foreign exchange and other	2			3
Net reserves for insurance losses and loss adjustment expenses at March 31,	63			66
Plus: Reinsurance recoverable	112			118
Total gross reserves for insurance losses and loss adjustment expenses at March 31,	$	175		$	184


(a)	There have been no material adverse changes to the reserve for prior years.