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Reserves for Insurance Losses and Loss Adjustment Expenses
 12 Months Ended
Dec. 31, 2022
Short-Duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net [Abstract]  
Reserves for Insurance Losses and Loss Adjustment Expenses Reserves for Insurance Losses and Loss Adjustment Expenses
The following table shows incurred claims and allocated loss adjustment expenses, net of reinsurance.
For the years ended December 31, ($ in millions)
December 31, 2022 ($ in millions)
(unaudited supplementary information)Total of incurred-but-not-reported liabilities plus expected development on reported claims (a)Cumulative number of reported claims (a)
Accident year2013201420152016201720182019202020212022
2013$376 $365 $370 $370 $369 $368 $368 $368 $368 $368 $— 672,284 
2014390 389 388 388 388 388 388 388 388 — 525,298 
2015274 271 272 272 272 272 272 272 — 342,280 
2016326 327 328 328 328 328 328 — 476,056 
2017310 314 315 315 315 315 — 481,750 
2018271 272 272 273 273 — 506,449 
2019303 306 305 305 — 542,314 
2020343 339 339 — 494,382 
2021243 237 1 493,222 
2022258 28 483,742 
Total
$3,083 
(a)Claims are reported on a claimant basis. Claimant is defined as one vehicle for GAP products, one repair for VSCs and VMCs, one dealership for dealer inventory products, and per individual/coverage for run-off personal automotive products.
The following table shows cumulative paid claims and allocated loss adjustment expenses, net of reinsurance.
For the years ended December 31, ($ in millions)
(unaudited supplementary information)
Accident year2013201420152016201720182019202020212022
2013$347 $364 $366 $368 $368 $368 $368 $368 368$368 
2014369 388 388 388 388 388 388 388388 
2015252 272 272 272 272 272 272272 
2016302 327 328 328 328 328328 
2017289 315 315 315 315315 
2018245 273 273 273273 
2019278 306 305305 
2020313 339339 
2021213236 
2022225 
Total3,049 
All outstanding liabilities for loss and allocated loss adjustment expenses before 2013, net of reinsurance10 
Reserves for insurance losses and allocated loss adjustment expenses, net of reinsurance
$44 
The following table shows the average annual percentage payout of incurred claims by age, net of reinsurance. The information presented is unaudited supplementary information.
Year12345678910
Percentage payout of incurred claims
92.3 %7.5 %0.1 %0.1 %— %— %— %— %— %— %
The following table shows a reconciliation of the disclosures of incurred and paid claims development to the reserves for insurance losses and loss adjustment expenses.
December 31, ($ in millions)
202220212020
Reserves for insurance losses and loss adjustment expenses, net of reinsurance
$44 $39 $37 
Total reinsurance recoverable on unpaid claims72 81 90 
Unallocated loss adjustment expenses3 2 2 
Total gross reserves for insurance losses and loss adjustment expenses$119 $122 $129 
The following table shows a rollforward of our reserves for insurance losses and loss adjustment expenses.
($ in millions)202220212020
Total gross reserves for insurance losses and loss adjustment expenses at January 1,$122 $129 $122 
Less: Reinsurance recoverable81 90 88 
Net reserves for insurance losses and loss adjustment expenses at January 1,41 39 34 
Net insurance losses and loss adjustment expenses incurred related to:
Current year282 259 360 
Prior years (a)(2)2 3 
Total net insurance losses and loss adjustment expenses incurred280 261 363 
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year(246)(229)(328)
Prior years(28)(30)(30)
Total net insurance losses and loss adjustment expenses paid or payable(274)(259)(358)
Net reserves for insurance losses and loss adjustment expenses at December 31,47 41 39 
Plus: Reinsurance recoverable72 81 90 
Total gross reserves for insurance losses and loss adjustment expenses at December 31,$119 $122 $129 
(a)There have been no material adverse changes to the reserve for prior years.