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Reinsurance and indemnification | 3 Months Ended
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Mar. 31, 2020
Reinsurance Disclosures [Abstract] |
Reinsurance and indemnification |
Note 9 | Reinsurance and indemnification
Effects of reinsurance ceded and indemnification programs on property and casualty premiums earned and life premiums and contract charges
($ in millions) |  | Three months ended March 31,
| 2020 |  | 2019
Property and casualty insurance premiums earned |  | $ | (289 | ) |  | $ | (260 | )
Life premiums and contract charges |  | (44 | ) |  | (63 | )
Effects of reinsurance ceded and indemnification programs on property and casualty insurance claims and claims expense, life contract benefits and interest credited to contractholder funds
($ in millions) |  | Three months ended March 31,
| 2020 |  | 2019
Property and casualty insurance claims and claims expense |  | $ | (131 | ) |  | $ | (91 | )
Life contract benefits |  | (91 | ) |  | (23 | )
Interest credited to contractholder funds |  | (5 | ) |  | (3 | )
Reinsurance and indemnification recoverables
Reinsurance and indemnification recoverables, net
($ in millions) |  | March 31, 2020 |  | December 31, 2019
Property and casualty |  |  |  |
Paid and due from reinsurers and indemnitors |  | $ | 101 |  |  | $ | 112 |
Unpaid losses estimated (including IBNR) |  | 6,913 |  |  | 6,912 |
Total property and casualty |  | $ | 7,014 |  |  | $ | 7,024 |
Annuities |  | 1,377 |  |  | 1,305 |
Life insurance |  | 735 |  |  | 794 |
Other |  | 88 |  |  | 88 |
Total |  | $ | 9,214 |  |  | $ | 9,211 |
Property and casualty As of March 31, 2020, the credit loss allowance for reinsurance recoverables, primarily related to d iscontinued lines and coverages reinsurance ceded decreased to $59 million from $60 million at January 1, 2020 primarily due to a $1 million decrease in the current provision for credit losses. Indemnification recoverables are considered collectible based on the industry pool and facility enabling legislation. Annuities, life insurance and other As of March 31, 2020, the credit loss allowance for reinsurance recoverables related to life reinsurance ceded increased to $15 million from $14 million at January 1, 2020 primarily due to $1 million of credit losses. The Company had $63 million and $70 million of reinsurance recoverables, net of an allowance for estimated uncollectible amounts, related to Scottish Re (U.S.), Inc. as of March 31, 2020 and December 31, 2019. On December 14, 2018, the Delaware Insurance Commissioner placed Scottish Re (U.S.), Inc. under regulatory supervision. On March 6, 2019, the Chancery Court of the State of Delaware entered a Rehabilitation and Injunction Order (the “Rehabilitation Order”) in response to a petition filed by the Insurance Commissioner (the “Petition”). Pursuant to the Petition, it is expected that Scottish Re (U.S.), Inc. will submit a Plan of Rehabilitation. The Company joined in a joint motion filed on behalf of several affected parties asking the court to allow a specified amount of offsetting claim payments and losses against premiums remitted to Scottish Re (U.S.), Inc. The Company also filed a separate motion related to the reimbursement of claim payments where Scottish Re (U.S.), Inc. is also acting as administrator. The Court has not yet ruled on either of these motions. In the interim, the Company and several other affected parties have been permitted to exercise certain setoff rights while the parties address any potential disputes. The Company continues to monitor Scottish Re (U.S.), Inc. for future developments and will reevaluate its allowance for uncollectible amounts as new information becomes available.

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- Definition The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -URI http://asc.fasb.org/topic&trid=2303980 + Details
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