XML 36 R18.htm IDEA: XBRL DOCUMENT
v3.21.1

Reinsurance and indemnification | 3 Months Ended
--- | ---
Mar. 31, 2021
Reinsurance Disclosures [Abstract] |
Reinsurance and indemnification |
Note 10 | Reinsurance and indemnification
Effects of reinsurance ceded and indemnification programs on property and casualty premiums earned and accident and health insurance premiums and contract charges
($ in millions) |  | Three months ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
Property and casualty insurance premiums earned |  | $ | (508) |  |  | $ | (289) |  |  |  |  |
Accident and health insurance premiums and contract charges |  | (24) |  |  | (3) |  |  |  |  |
Effects of reinsurance ceded and indemnification programs on property and casualty insurance claims and claims expense and accident and health insurance policy benefits
($ in millions) |  | Three months ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
Property and casualty insurance claims and claims expense (1) (2) |  | $ | (1,593) |  |  | $ | (131) |  |  |  |  |
Accident and health insurance policy benefits |  | (29) |  |  | (6) |  |  |  |  |
(1)Includes approximately $955 million of ceded losses, net of approximately $75 million of reinstatement premiums, related to the Nationwide Reinsurance Program for the three months ended March 31, 2021. (2)Includes $386 million and $47 million of ceded losses related to the Michigan Catastrophic Claims Association for the three months ended March 31, 2021 and 2020, respectively. Reinsurance and indemnification recoverables
Reinsurance and indemnification recoverables, net |  |
($ in millions) |  | March 31, 2021 |  |  |  | December 31, 2020 |  |
Property and casualty |  |  |  |  |  |  |  |
Paid and due from reinsurers and indemnitors |  | $ | 256 |  |  |  |  | $ | 101 |  |  |
Unpaid losses estimated (including IBNR) |  | 9,269 |  |  |  |  | 7,033 |  |  |
Total property and casualty |  | $ | 9,525 |  |  |  |  | $ | 7,134 |  |  |
Allstate Health and Benefits |  | 120 |  |  |  |  | 81 |  |  |
Total |  | $ | 9,645 |  |  |  |  | $ | 7,215 |  |  |
Rollforward of credit loss allowance for reinsurance recoverables |  |  |  |  |  |
($ in millions) |  | Three months ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
Property and casualty (1) (2) |  |  |  |  |  |  |  |
Beginning balance |  | $ | (59) |  |  | $ | (60) |  |  |  |  |
(Increase) decrease in the provision for credit losses |  | (1) |  |  | 1 |  |  |  |  |
Ending balance |  | $ | (60) |  |  | $ | (59) |  |  |  |  |
Allstate Health and Benefits |  |  |  |  |  |  |  |
Beginning balance |  | $ | (1) |  |  | $ | (1) |  |  |  |  |
Increase in the provision for credit losses |  | — |  |  | — |  |  |  |  |
Write-offs |  | — |  |  | — |  |  |  |  |
Ending balance |  | $ | (1) |  |  | $ | (1) |  |  |  |  |
(1)Primarily related to Run-off Property-Liability reinsurance ceded. (2)Indemnification recoverables are considered collectible based on the industry pool and facility enabling legislation.

X
- References No definition available. + Details
Name: | us-gaap_ReinsuranceDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ReinsuranceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration