Reinsurance and Indemnification (Tables)

12 Months Ended

Dec. 31, 2021


Effects of reinsurance and indemnification on property and casualty premiums written and earned and accident and health insurance premiums and contract charges
	For the years ended December 31,
($ in millions)	2021		2020		2019
Property and casualty insurance premiums written
Direct	$	45,523	$	38,695	$	37,976
Assumed	213		105		95
Ceded	(1,736)		(1,142)		(1,117)
Property and casualty insurance premiums written, net of recoverables	$	44,000	$	37,658	$	36,954

Property and casualty insurance premiums earned
Direct	$	43,944	$	38,115	$	37,104
Assumed	178		99		94
Ceded	(1,904)		(1,141)		(1,122)
Property and casualty insurance premiums earned, net of recoverables	$	42,218	$	37,073	$	36,076

Accident and health insurance premiums and contract charges
Direct	$	1,878	$	1,093	$	1,145
Assumed	21		14		14
Ceded	(78)		(13)		(14)

Accident and health insurance premiums and contract charges, net of recoverables	$	1,821	$	1,094	$	1,145


Reinsurance and indemnification recoverables, net
	As of December 31,
($ in millions)	2021		2020
Property and casualty
Paid and due from reinsurers and indemnitors	$	391	$	101
Unpaid losses estimated (including IBNR)	9,479		7,033
Total property and casualty	$	9,870	$	7,134
Accident and health insurance	154		81
Total	$	10,024	$	7,215


Rollforward of credit loss allowance for reinsurance recoverables
	For the years ended December 31,
($ in millions)	2021		2020
Property and casualty (1) (2)
Beginning balance	$	(59)	$	(60)
(Increase)/Decrease in the provision for credit losses	(8)		1
Write-offs	1		—
Ending balance	$	(66)	$	(59)

Accident and health insurance
Beginning balance	$	(1)	$	(1)

Increase in the provision for credit losses	(7)		—
Write-offs	—		—
Ending Balance	$	(8)	$	(1)

(1)Primarily related to run-off lines reinsurance ceded.

(2)Indemnification recoverables are considered collectible based on the industry pool and facility enabling legislation.