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

6 Months Ended

Jun. 30, 2019

Reserves for Insurance Losses and Loss Adjustment Expenses [Abstract]

Short-Duration Insurance and Deposit Contracts [Text Block]

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	186			159
Prior years (a)	—			5
Total net insurance losses and loss adjustment expenses incurred	186			164
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year	(134		)	(121		)
Prior years	(27		)	(26		)
Total net insurance losses and loss adjustment expenses paid or payable	(161		)	(147		)
Net reserves for insurance losses and loss adjustment expenses at June 30,	63			49
Plus: Reinsurance recoverable	90			100
Total gross reserves for insurance losses and loss adjustment expenses at June 30,	$	153		$	149

(a)

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