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Reinsurance and Indemnification | 3 Months Ended
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Mar. 31, 2025
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 March 31, |  |
| 2025 |  | 2024 |  |  |  |
Property and casualty insurance premiums earned |  | $ | (543) |  |  | $ | (557) |  |  |  |  |
Accident and health insurance premiums and contract charges |  | (13) |  |  | (10) |  |  |  |  |
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 March 31, |  |
| 2025 |  | 2024 |  |  |  |
Property and casualty insurance claims and claims expense (1) |  | $ | (1,685) |  |  | $ | (232) |  |  |  |  |
Accident, health and other policy benefits |  | (19) |  |  | (6) |  |  |  |  |
(1)2025 includes ceded losses related to the Nationwide Reinsurance Program for the California wildfires and March wind/hail events. Reinsurance and indemnification recoverables
Reinsurance and indemnification recoverables, net
($ in millions) |  | March 31, 2025 |  | December 31, 2024
Property and casualty |  |  |  |
Paid and due from reinsurers and indemnitors |  | $ | 352 |  |  | $ | 285 |
Unpaid losses estimated (including IBNR) |  | 9,739 |  |  | 8,602 |
Total property and casualty |  | $ | 10,091 |  |  | $ | 8,887 |
Accident and health insurance |  | — |  |  | 37 |
Total |  | $ | 10,091 |  |  | $ | 8,924 |
Rollforward of credit loss allowance for reinsurance recoverables
($ in millions) |  | Three months ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Property and casualty (1) (2) |  |  |  |  |  |  |  |
Beginning balance |  | $ | (63) |  |  | $ | (62) |  |  |  |  |
Decrease (increase) in the provision for credit losses |  | — |  |  | (2) |  |  |  |  |
Write-offs |  | — |  |  | — |  |  |  |  |
Ending balance |  | $ | (63) |  |  | $ | (64) |  |  |  |  |
(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. As of March 31, 2025, a credit loss allowance for reinsurance recoverables of $1 million for the Health and Benefits segment was classified as held for sale.

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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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