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

9 Months Ended

Sep. 30, 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	276			291
Prior years (a)	2			(4		)
Total net insurance losses and loss adjustment expenses incurred	278			287
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year	(248		)	(266		)
Prior years	(31		)	(27		)
Total net insurance losses and loss adjustment expenses paid or payable	(279		)	(293		)
Foreign exchange and other	1			1
Net reserves for insurance losses and loss adjustment expenses at September 30,	41			44
Plus: Reinsurance recoverable	132			106
Total gross reserves for insurance losses and loss adjustment expenses at September 30,	$	173		$	150


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