Reserves for Insurance Losses and Loss Adjustment Expenses

6 Months Ended

Jun. 30, 2018

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)	2018			2017
Total gross reserves for insurance losses and loss adjustment expenses at January 1,	$	140		$	149
Less: Reinsurance recoverable	108			108
Net reserves for insurance losses and loss adjustment expenses at January 1,	32			41
Net insurance losses and loss adjustment expenses incurred related to:
Current year	159			211
Prior years (a)	5			2
Total net insurance losses and loss adjustment expenses incurred	164			213
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year	(121		)	(183		)
Prior years	(26		)	(27		)
Total net insurance losses and loss adjustment expenses paid or payable	(147		)	(210		)
Net reserves for insurance losses and loss adjustment expenses at June 30,	49			44
Plus: Reinsurance recoverable	100			135
Total gross reserves for insurance losses and loss adjustment expenses at June 30,	$	149		$	179


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