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v3.22.2.2

Reinsurance and Indemnification | 9 Months Ended
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Sep. 30, 2022
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 September 30, |  | Nine months ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Property and casualty insurance premiums earned |  | $ | (479) |  |  | $ | (442) |  |  | $ | (1,362) |  |  | $ | (1,488) |
Accident and health insurance premiums and contract charges |  | (12) |  |  | (17) |  |  | (29) |  |  | (65) |
Effects of reinsurance ceded and indemnification programs on property and casualty insurance claims and claims expense and accident, health and other policy benefits
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Property and casualty insurance claims and claims expense (1) (2) |  | $ | (925) |  |  | $ | (1,458) |  |  | $ | (1,300) |  |  | $ | (3,209) |
Accident, health and other policy benefits |  | (5) |  |  | (13) |  |  | (21) |  |  | (68) |
(1)Ceded losses incurred included $100 million and $525 million related to the Michigan Catastrophic Claims Association for the nine months ended September 30, 2022 and 2021, respectively, and $305 million of expected reinsurance recoveries related to the Florida Excess Catastrophe Reinsurance Program for Hurricane Ian for the three and nine months ended September 30, 2022. (2)Included approximately $1.40 billion and $185 million of ceded losses related to the Nationwide Catastrophe Reinsurance Program and the National Flood Insurance Program, respectively, for the nine months ended September 30, 2021. Reinsurance and indemnification recoverables
Reinsurance and indemnification recoverables, net |  |  |  |
($ in millions) |  | September 30, 2022 |  | December 31, 2021
Property and casualty |  |  |  |
Paid and due from reinsurers and indemnitors |  | $ | 264 |  |  | $ | 391 |
Unpaid losses estimated (including IBNR) |  | 9,556 |  |  | 9,479 |
Total property and casualty |  | $ | 9,820 |  |  | $ | 9,870 |
Accident and health insurance |  | 141 |  |  | 154 |
Total |  | $ | 9,961 |  |  | $ | 10,024 |
Rollforward of credit loss allowance for reinsurance recoverables
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Property and casualty (1) (2) |  |  |  |  |  |  |  |
Beginning balance |  | $ | (66) |  |  | $ | (60) |  |  | $ | (66) |  |  | $ | (59) |
Increase in the provision for credit losses |  | (5) |  |  | (6) |  |  | (5) |  |  | (7) |
Write-offs |  | 9 |  |  | — |  |  | 9 |  |  | — |
Ending balance |  | $ | (62) |  |  | $ | (66) |  |  | $ | (62) |  |  | $ | (66) |
Accident and health insurance |  |  |  |  |  |  |  |
Beginning balance |  | $ | (8) |  |  | $ | (1) |  |  | $ | (8) |  |  | $ | (1) |
Increase in the provision for credit losses |  | — |  |  | — |  |  | — |  |  | — |
Write-offs |  | — |  |  | — |  |  | — |  |  | — |
Ending balance |  | $ | (8) |  |  | $ | (1) |  |  | $ | (8) |  |  | $ | (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.

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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://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 55 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=99379264&loc=d3e27830-158548 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=99397103&loc=d3e6811-158387 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -URI https://asc.fasb.org/topic&trid=2303980 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=99397103&loc=d3e6816-158387 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 55 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=99379264&loc=d3e27758-158548 + Details
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