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Reinsurance and Indemnification | 9 Months Ended
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Sep. 30, 2024
Reinsurance Disclosures [Abstract] |
Reinsurance and Indemnification |
Note 11 | 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,
| 2024 |  | 2023 |  | 2024 |  | 2023
Property and casualty insurance premiums earned |  | $ | (552) |  |  | $ | (514) |  |  | $ | (1,697) |  |  | $ | (1,455) |
Accident and health insurance premiums and contract charges |  | (16) |  |  | (16) |  |  | (37) |  |  | (35) |
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,
| 2024 |  | 2023 |  | 2024 |  | 2023
Property and casualty insurance claims and claims expense |  | $ | (662) |  |  | $ | (274) |  |  | $ | (1,178) |  |  | $ | (534) |
Accident, health and other policy benefits |  | (13) |  |  | (7) |  |  | (27) |  |  | (32) |
Reinsurance and indemnification recoverables
Reinsurance and indemnification recoverables, net
($ in millions) |  | September 30, 2024 |  | December 31, 2023
Property and casualty |  |  |  |
Paid and due from reinsurers and indemnitors |  | $ | 234 |  |  | $ | 254 |
Unpaid losses estimated (including IBNR) |  | 8,728 |  |  | 8,396 |
Total property and casualty |  | $ | 8,962 |  |  | $ | 8,650 |
Accident and health insurance |  | 51 |  |  | 159 |
Total |  | $ | 9,013 |  |  | $ | 8,809 |
Rollforward of credit loss allowance for reinsurance recoverables
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Property and casualty (1) (2) |  |  |  |  |  |  |  |
Beginning balance |  | $ | (64) |  |  | $ | (61) |  |  | $ | (62) |  |  | $ | (62) |
Decrease in the provision for credit losses |  | 2 |  |  | — |  |  | — |  |  | 1 |
Write-offs |  | — |  |  | — |  |  | — |  |  | — |
Ending balance |  | $ | (62) |  |  | $ | (61) |  |  | $ | (62) |  |  | $ | (61) |
Accident and health insurance |  |  |  |  |  |  |  |
Beginning balance |  | $ | (3) |  |  | $ | (3) |  |  | $ | (3) |  |  | $ | (3) |
Increase in the provision for credit losses |  | — |  |  | — |  |  | — |  |  | — |
Write-offs |  | — |  |  | — |  |  | — |  |  | — |
Reinsurance recoverables classified as held for sale |  | 1 |  |  | — |  |  | 1 |  |  | — |
Ending balance |  | $ | (2) |  |  | $ | (3) |  |  | $ | (2) |  |  | $ | (3) |
(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/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-4 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-12 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-15 + Details
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