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

3 Months Ended

Mar. 31, 2019

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



($ in millions)	2019			2018
Total gross reserves for insurance losses and loss adjustment expenses at January 1,	$	134		$	140
Less: Reinsurance recoverable	96			108
Net reserves for insurance losses and loss adjustment expenses at January 1,	38			32
Net insurance losses and loss adjustment expenses incurred related to:
Current year	59			60
Prior years (a)	—			3
Total net insurance losses and loss adjustment expenses incurred	59			63
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year	(33		)	(31		)
Prior years	(23		)	(19		)
Total net insurance losses and loss adjustment expenses paid or payable	(56		)	(50		)
Net reserves for insurance losses and loss adjustment expenses at March 31,	41			45
Plus: Reinsurance recoverable	94			112
Total gross reserves for insurance losses and loss adjustment expenses at March 31,	$	135		$	157


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