v2.4.0.6
Property and Casualty Insurance Reserves (Tables)
3 Months Ended
Mar. 31, 2012
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]  
Liability for Unpaid Claims Adjustment Expense by Expense Type [Table Text Block]
Property and Casualty Insurance Reserve activity for the three months ended March 31, 2012 and 2011 was:
 
 
Three Months Ended
(Dollars in Millions)
 
Mar 31,
2012
 
Mar 31,
2011
Property and Casualty Insurance Reserves:
 
 
 
 
Gross of Reinsurance and Indemnification at Beginning of Year
 
$
1,029.1

 
$
1,118.7

Less Reinsurance and Indemnification Recoverables at Beginning of Year
 
74.5

 
78.1

Property and Casualty Insurance Reserves - Net of Reinsurance and Indemnification at Beginning of Year
 
954.6

 
1,040.6

Incurred Losses and LAE Related to:
 
 
 
 
Current Year:
 
 
 
 
Continuing Operations
 
291.1

 
309.0

Prior Years:
 
 
 
 
Continuing Operations
 
(5.7
)
 
(3.9
)
Discontinued Operations
 
(1.2
)
 
2.2

Total Incurred Losses and LAE Related to Prior Years
 
(6.9
)
 
(1.7
)
Total Incurred Losses and LAE
 
284.2

 
307.3

Paid Losses and LAE Related to:
 
 
 
 
Current Year:
 
 
 
 
Continuing Operations
 
122.2

 
134.0

Prior Years:
 
 
 
 
Continuing Operations
 
179.0

 
189.4

Discontinued Operations
 
6.2

 
12.3

Total Paid Losses and LAE Related to Prior Years
 
185.2

 
201.7

Total Paid Losses and LAE
 
307.4

 
335.7

Property and Casualty Insurance Reserves - Net of Reinsurance and Indemnification at End of Period
 
931.4

 
1,012.2

Plus Reinsurance and Indemnification Recoverable at End of Period
 
70.0

 
83.6

Property and Casualty Insurance Reserves - Gross of Reinsurance and Indemnification at End of Period
 
$
1,001.4

 
$
1,095.8