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

9 Months Ended

Sep. 30, 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	259			235
Prior years (a)	1			6
Total net insurance losses and loss adjustment expenses incurred	260			241
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year	(227		)	(205		)
Prior years	(29		)	(27		)
Total net insurance losses and loss adjustment expenses paid or payable	(256		)	(232		)
Net reserves for insurance losses and loss adjustment expenses at September 30,	42			41
Plus: Reinsurance recoverable	93			98
Total gross reserves for insurance losses and loss adjustment expenses at September 30,	$	135		$	139

(a)

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