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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2016
Reinsurance Disclosures [Abstract]  
Effects of reinsurance on property-liability insurance premiums written and earned and life and annuity premiums and contract charges
The effects of reinsurance on property-liability insurance premiums written and earned and life and annuity premiums and contract charges for the years ended December 31 are as follows:
($ in millions)
2016
 
2015
 
2014
Property-liability insurance premiums written
 
 
 
 
 
Direct
$
32,614

 
$
31,924

 
$
30,686

Assumed
47

 
39

 
48

Ceded
(1,061
)
 
(1,092
)
 
(1,120
)
Property-liability insurance premiums written, net of reinsurance
$
31,600

 
$
30,871

 
$
29,614

Property-liability insurance premiums earned
 
 
 
 
 
Direct
$
32,249

 
$
31,274

 
$
29,914

Assumed
45

 
41

 
45

Ceded
(987
)
 
(1,006
)
 
(1,030
)
Property-liability insurance premiums earned, net of reinsurance
$
31,307

 
$
30,309

 
$
28,929

Life and annuity premiums and contract charges
 
 
 
 
 
Direct
$
1,766

 
$
1,641

 
$
1,944

Assumed
818

 
849

 
629

Ceded
(309
)
 
(332
)
 
(416
)
Life and annuity premiums and contract charges, net of reinsurance
$
2,275

 
$
2,158

 
$
2,157
Summary of retention limits by period of policy issuance
The following table summarizes those retention limits by period of policy issuance.
Period
 
Retention limits
April 2015 through current
 
Single life: $2 million per life
Joint life: no longer offered
April 2011 through March 2015
 
Single life: $5 million per life, $3 million age 70 and over, and $10 million for contracts that meet specific criteria
Joint life: $8 million per life, and $10 million for contracts that meet specific criteria
July 2007 through March 2011
 
$5 million per life, $3 million age 70 and over, and $10 million for contracts that meet specific criteria
September 1998 through June 2007
 
$2 million per life, in 2006 the limit was increased to $5 million for instances when specific criteria were met
August 1998 and prior
 
Up to $1 million per life
Summary of reinsurance recoverables on paid and unpaid benefits
Allstate Financial’s reinsurance recoverables on paid and unpaid benefits as of December 31 are summarized in the following table.
($ in millions)
2016
 
2015
Annuities
$
1,424

 
$
1,457

Life insurance
860

 
897

Other
184

 
185

Total Allstate Financial
$
2,468

 
$
2,539