Reserves for Insurance Losses and Loss Adjustment Expenses Reserves for Insurance Losses and Loss Adjustment Expenses

6 Months Ended

Jun. 30, 2017

Reserves for Insurance Losses and Loss Adjustment Expenses

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	211			221
Prior years (a)	2			(3		)
Total net insurance losses and loss adjustment expenses incurred	213			218
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year	(183		)	(184		)
Prior years	(27		)	(25		)
Total net insurance losses and loss adjustment expenses paid or payable	(210		)	(209		)
Net reserves for insurance losses and loss adjustment expenses at June 30,	44			58
Plus: Reinsurance recoverable	135			106
Total gross reserves for insurance losses and loss adjustment expenses at June 30,	$	179		$	164


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