Reserve for Unpaid Losses and Loss Adjustment Expenses Level 3 (Tables)

9 Months Ended

Sep. 30, 2017

(Favorable) Unfavorable Prior Accident Year Development



	For the nine months ended September 30,
	2017			2016
Workers’ compensation	$	(29	)	$	(87	)
Workers’ compensation discount accretion	21			21
General liability	10			67
Package business	(22		)	50
Commercial property	(5		)	2
Professional liability	—			(35		)
Bond	10			(6		)
Automobile liability - Commercial Lines	20			19
Automobile liability - Personal Lines	—			140
Homeowners	—			(4		)
Net asbestos reserves	—			197
Net environmental reserves	—			71
Catastrophes	(12		)	(7		)
Uncollectible reinsurance	—			(30		)
Other reserve re-estimates, net	8			11
Total prior accident year development	$	1		$	409

Property and Casualty Insurance Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses



	For the nine months ended September 30,
	2017		2016
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	21,833	$	21,825
Reinsurance and other recoverables	2,776		2,882
Beginning liabilities for unpaid losses and loss adjustment expenses, net	19,057		18,943
Add: Maxum acquisition	—		122
Provision for unpaid losses and loss adjustment expenses
Current accident year	5,587		5,215
Prior accident year development	1		409
Total provision for unpaid losses and loss adjustment expenses	5,588		5,624
Less: payments
Current accident year	1,770		1,901
Prior accident years	3,143		3,380
Total payments	4,913		5,281
Less: net reserves transferred to liabilities held for sale	—		487
Ending liabilities for unpaid losses and loss adjustment expenses, net	19,732		18,921
Reinsurance and other recoverables [1]	2,817		2,694
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	22,549	$	21,615


[1]	Includes reinsurance recoverables of $2,355 and $2,313 for the nine months ended September 30, 2017 and 2016, respectively.

Group Life, Disability and Accident Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses



	For the nine months ended September 30,
	2017			2016 [1]
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	5,772		$	5,889
Reinsurance recoverables	208			218
Beginning liabilities for unpaid losses and loss adjustment expenses, net	5,564			5,671
Provision for unpaid losses and loss adjustment expenses
Current incurral year	1,960			1,930
Prior year's discount accretion	148			155
Prior incurral year development [2]	(162		)	(126		)
Total provision for unpaid losses and loss adjustment expenses [3]	1,946			1,959
Less: payments
Current incurral year	917			932
Prior incurral years	1,118			1,126
Total payments	2,035			2,058
Ending liabilities for unpaid losses and loss adjustment expenses, net	5,475			5,572
Reinsurance recoverables	208			211
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	5,683		$	5,783


[1]	Certain prior year amounts have been reclassified to conform to the current year presentation for unpaid losses and loss adjustment expenses.


[2]	Prior incurral year development represents the change in estimated ultimate incurred losses and loss adjustment expenses for prior incurral years on a discounted basis.


[3]	Includes unallocated loss adjustment expenses of $74, and $76 for the nine months ended September 30, 2017 and 2016, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations.