Claim and Claim Adjustment Expense Reserves (Tables) | 12 Months Ended |
Dec. 31, 2018 |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Schedule of liability for unpaid claims and claims adjustment expense | The following table presents a reconciliation between beginning and ending claim and claim adjustment expense reserves, including claim and claim adjustment expense reserves of the Life & Group segment. As of or for the years ended December 31 (In millions) 2018 2017 2016 Reserves, beginning of year: Gross $ 22,004 $ 22,343 $ 22,663 Ceded 3,934 4,094 4,087 Net reserves, beginning of year 18,070 18,249 18,576 Net incurred claim and claim adjustment expenses: Provision for insured events of current year 5,358 5,201 5,025 Decrease in provision for insured events of prior years (179 ) (381 ) (342 ) Amortization of discount 176 179 175 Total net incurred (1) 5,355 4,999 4,858 Net payments attributable to: Current year events (1,046 ) (975 ) (967 ) Prior year events (4,285 ) (4,366 ) (4,167 ) Total net payments (5,331 ) (5,341 ) (5,134 ) Foreign currency translation adjustment and other (129 ) 163 (51 ) Net reserves, end of year 17,965 18,070 18,249 Ceded reserves, end of year 4,019 3,934 4,094 Gross reserves, end of year $ 21,984 $ 22,004 $ 22,343 (1) Total net incurred above does not agree to Insurance claims and policyholders' benefits as reflected on the Consolidated Statements of Operations due to amounts related to retroactive reinsurance deferred gain accounting, uncollectible reinsurance and loss deductible receivables, and benefit expenses related to future policy benefits, which are not reflected in the table above. |
Gross and net carried claim and claim adjustment expense reserves | The following tables present the gross and net carried reserves. December 31, 2018 Specialty Commercial International Life & Group Corporate & Other Total (In millions) Gross Case Reserves $ 1,623 $ 4,181 $ 867 $ 3,516 $ 1,208 $ 11,395 Gross IBNR Reserves 3,842 4,562 883 85 1,217 10,589 Total Gross Carried Claim and Claim Adjustment Expense Reserves $ 5,465 $ 8,743 $ 1,750 $ 3,601 $ 2,425 $ 21,984 Net Case Reserves $ 1,483 $ 3,831 $ 749 $ 3,364 $ 96 $ 9,523 Net IBNR Reserves 3,348 4,167 775 56 96 8,442 Total Net Carried Claim and Claim Adjustment Expense Reserves $ 4,831 $ 7,998 $ 1,524 $ 3,420 $ 192 $ 17,965 December 31, 2017 Specialty Commercial International Life & Group Corporate & Other Total (In millions) Gross Case Reserves $ 1,742 $ 4,427 $ 744 $ 3,386 $ 1,371 $ 11,670 Gross IBNR Reserves 3,927 4,337 892 113 1,065 10,334 Total Gross Carried Claim and Claim Adjustment Expense Reserves $ 5,669 $ 8,764 $ 1,636 $ 3,499 $ 2,436 $ 22,004 Net Case Reserves $ 1,600 $ 4,103 $ 640 $ 3,208 $ 94 $ 9,645 Net IBNR Reserves 3,407 4,033 792 82 111 8,425 Total Net Carried Claim and Claim Adjustment Expense Reserves $ 5,007 $ 8,136 $ 1,432 $ 3,290 $ 205 $ 18,070 |
Net prior year development | The following table presents development recorded for the Specialty, Commercial, International and Corporate & Other segments. December 31, 2018 (In millions) 2018 2017 2016 Pretax (favorable) unfavorable development: Specialty $ (150 ) $ (174 ) $ (247 ) Commercial (25 ) (115 ) 15 International (4 ) (9 ) (58 ) Corporate & Other (2 ) (10 ) 2 Total pretax (favorable) unfavorable development $ (181 ) $ (308 ) $ (288 ) |
Short-duration insurance contracts, reconciliation of claims development to liability | The table below reconciles the net liability for unpaid claim and claim adjustment expenses to the amount presented in the Consolidated Balance Sheets. As of December 31 (In millions) 2018 Net liability for unpaid claim and claim adjustment expenses: Specialty $ 4,831 Commercial 7,998 International 1,524 Corporate & Other 192 Life & Group (1) 3,420 Total net claim and claim adjustment expenses 17,965 Reinsurance receivables: (2) Specialty 634 Commercial 745 International 226 Corporate & Other (3) 2,233 Life & Group 181 Total reinsurance receivables 4,019 Total gross liability for unpaid claim and claim adjustment expenses $ 21,984 (1) The Life & Group segment amounts are primarily related to long term care claim reserves, but also includes amounts related to unfunded structured settlements arising from short duration contracts. Long term care policies are long duration contracts. (2) Reinsurance receivables presented do not include reinsurance receivables related to paid losses. (3) The Corporate & Other Reinsurance receivables are primarily related to A&EP claims covered under the Loss Portfolio Transfer. |
Specialty | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Net prior year claim and allocated claim adjustment expense reserve development | The following table presents further detail of the development recorded for the Specialty segment. Years ended December 31 (In millions) 2018 2017 2016 Pretax (favorable) unfavorable development: Medical Professional Liability $ 47 $ 30 $ 9 Other Professional Liability and Management Liability (127 ) (126 ) (140 ) Surety (70 ) (84 ) (63 ) Warranty (10 ) 4 4 Other 10 2 (57 ) Total pretax (favorable) unfavorable development $ (150 ) $ (174 ) $ (247 ) |
Short-duration insurance contracts, reconciliation of claims development to liability | The table below provides the line of business composition of the net liability for unpaid claim and claim adjustment expenses for the Specialty segment. As of December 31 (In millions) 2018 Net liability for unpaid claim and claim adjustment expenses: Medical Professional Liability $ 1,457 Other Professional Liability and Management Liability 2,849 Surety 379 Warranty 40 Other 106 Total net liability for unpaid claim and claim adjustment expenses $ 4,831 |
Commercial | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Net prior year claim and allocated claim adjustment expense reserve development | The following table presents further detail of the development recorded for the Commercial segment. Years ended December 31 (In millions) 2018 2017 2016 Pretax (favorable) unfavorable development: Commercial Auto $ 1 $ (35 ) $ (47 ) General Liability 32 (24 ) (65 ) Workers' Compensation (32 ) (63 ) 145 Property and Other (26 ) 7 (18 ) Total pretax (favorable) unfavorable development $ (25 ) $ (115 ) $ 15 |
Short-duration insurance contracts, reconciliation of claims development to liability | The table below provides the line of business composition of the net liability for unpaid claim and claim adjustment expenses for the Commercial segment. As of December 31 (In millions) 2018 Net Claim and claim adjustment expenses: Commercial Auto $ 412 General Liability 3,195 Workers' Compensation 3,968 Property and Other 423 Total net liability for claim and claim adjustment expenses $ 7,998 |
International | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Net prior year claim and allocated claim adjustment expense reserve development | The following table presents further detail of the development recorded for the International segment. Years ended December 31 (In millions) 2018 2017 2016 Pretax (favorable) unfavorable development: Casualty $ (17 ) $ 9 $ (29 ) Property 17 (16 ) (21 ) Energy and Marine (19 ) (12 ) (18 ) Specialty 27 12 19 Healthcare and Technology (12 ) (2 ) (9 ) Total pretax (favorable) unfavorable development $ (4 ) $ (9 ) $ (58 ) |
Short-duration insurance contracts, reconciliation of claims development to liability | The table below provides the composition of the net liability for unpaid claim and claim adjustment expenses for the International segment. As of December 31 (In millions) 2018 Net Claim and claim adjustment expenses: International excluding Hardy $ 1,059 Hardy 465 Total net liability for claim and claim adjustment expenses $ 1,524 |
CNAF Consolidated | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Schedule of historical claims duration | The table below presents information about average historical claims duration as of December 31, 2018 and is presented as required supplementary information, which is unaudited. Average Annual Percentage Payout of Ultimate Net Incurred Claim and Allocated Claim Adjustment Expenses in Year: 1 2 3 4 5 6 7 8 9 10 Total Specialty Medical Professional Liability 3.8 % 19.7 % 24.3 % 20.1 % 12.1 % 7.2 % 4.5 % 2.5 % 1.0 % 2.9 % 98.1 % Other Professional Liability and Management Liability 6.2 % 21.5 % 21.3 % 17.4 % 10.7 % 6.4 % 5.8 % 2.9 % 3.3 % 2.1 % 97.6 % Surety (1) 21.6 % 37.9 % 21.0 % 7.9 % 2.1 % 1.6 % (1.7 )% (0.5 )% — % — % 89.9 % Commercial Commercial Auto 28.0 % 23.0 % 18.5 % 14.2 % 9.3 % 3.1 % 1.3 % 0.3 % 0.2 % 0.7 % 98.6 % General Liability 4.3 % 15.9 % 19.5 % 20.5 % 15.7 % 8.0 % 5.6 % 3.2 % 1.6 % 0.8 % 95.1 % Workers' Compensation 13.7 % 21.1 % 13.9 % 10.6 % 7.5 % 4.4 % 4.4 % 3.2 % 2.5 % 1.2 % 82.5 % International International - Excluding Hardy 20.5 % 26.0 % 11.2 % 7.1 % 6.5 % 4.8 % 4.3 % 2.8 % 1.7 % 3.7 % 88.6 % International - Hardy (2) 24.0 % 38.9 % 13.3 % 6.0 % 2.9 % 2.1 % 87.2 % (1) Due to the nature of the Surety business, average annual percentage payout of ultimate net incurred claim and allocated claim adjustment expenses has been calculated using only the payouts of mature accident years presented in the loss reserve development tables. (2) Average historical claims duration for Hardy is presented prospectively beginning with the first full year subsequent to acquisition, 2013. |
Impact of loss portfolio transfer on the consolidated statement of operations | The following table presents the impact of the Loss Portfolio Transfer on the Consolidated Statements of Operations. Years ended December 31 (In millions) 2018 2017 2016 Additional amounts ceded under LPT: Net A&EP adverse development before consideration of LPT $ 178 $ 60 $ 200 Provision for uncollectible third-party reinsurance on A&EP (16 ) — — Total additional amounts ceded under LPT 162 60 200 Retroactive reinsurance benefit recognized (114 ) (68 ) (107 ) Pretax impact of deferred retroactive reinsurance $ 48 $ (8 ) $ 93 |
Hardy | International | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Short-duration contracts net incurred claims and allocated claim adjustment expenses | Cumulative Net Incurred Claim and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year As of December 31, 2018 (In millions, except reported claims data) Net Claim and Allocated Claim Adjustment Expense Reserves at Acquisition Net Incurred Claim and Allocated Claim Adjustment Expenses in 2012 (1)(2) Total Acquired Net Claim and Allocated Claim Adjustment Expense Reserves and 2012 Incurreds 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 IBNR Cumulative Number of Claims Accident Year 2009 $ 11 $ — $ 12 $ 6 $ (4 ) $ 1 $ (2 ) $ (3 ) $ (3 ) $ (2 ) 3,856 2010 48 (9 ) 38 47 52 46 52 51 50 — 4,540 2011 125 (1 ) 124 134 134 138 137 137 140 (2 ) 6,252 2012 33 71 104 104 112 119 113 113 115 1 6,900 2013 130 146 138 139 140 144 4 7,624 2014 184 182 176 170 170 2 8,097 2015 190 179 177 178 3 8,968 2016 227 245 234 28 9,536 2017 244 252 48 10,309 2018 270 103 7,563 Total $ 1,550 $ 185 |
Short-duration contracts net cumulative paid claim adjustment expenses reconciliation of total liability for unpaid claim and claim adjustment expense | Cumulative Net Paid Claims and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year (In millions) 2012 (1)(2) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Accident Year 2009 $ 2 $ (2 ) $ (4 ) $ (4 ) $ (4 ) $ (5 ) $ (4 ) 2010 19 35 42 45 47 48 46 2011 30 83 123 127 131 132 134 2012 14 79 100 109 106 109 110 2013 38 101 120 126 130 133 2014 56 122 141 150 155 2015 29 98 129 144 2016 63 144 171 2017 53 150 2018 55 Total $ 1,094 Net liability for unpaid claim and allocated claim adjustment expenses for the accident years presented $ 456 Net liability for unpaid claim and claim adjustment expenses for accident years prior to 2009 — Liability for unallocated claim adjustment expenses for accident years presented 9 Total net liability for unpaid claim and claim adjustment expenses $ 465 |
Short-duration contracts reserve development | Net strengthening or (releases) of prior accident year reserves is presented in the following table. For the years ended December 31 Calendar Year (In millions) 2012 (1)(2) 2013 (1) 2014 (1) 2015 (1)(3) 2016 (1)(3) 2017 (1)(3) 2018 (3) Total (3) Accident Year 2009 $ 1 $ (6 ) $ (10 ) $ 5 $ (3 ) $ (1 ) $ — $ (14 ) 2010 (10 ) 9 5 (6 ) 6 (1 ) (1 ) 2 2011 (1 ) 10 — 4 (1 ) — 3 15 2012 — 8 7 (6 ) — 2 11 2013 16 (8 ) 1 1 4 14 2014 (2 ) (6 ) (6 ) — (14 ) 2015 (11 ) (2 ) 1 (12 ) 2016 18 (11 ) 7 2017 8 8 (1) Data presented for these calendar years is required supplemental information, which is unaudited. (2) Data presented for this calendar year is post-acquisition of Hardy. (3) The amounts included in the loss reserve development tables above are presented at the year-end 2018 foreign currency exchange rates for all periods presented to remove the effects of foreign currency exchange rate fluctuations between calendar years. The amounts included within the table on page 102 presenting the detail of the development recorded within the International segment include the impact of fluctuations in foreign currency exchange rates. |
Medical Professional Liability | Specialty | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Short-duration contracts net incurred claims and allocated claim adjustment expenses | Cumulative Net Incurred Claim and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year As of December 31, 2018 (In millions, except reported claims data) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 IBNR Cumulative Number of Claims Accident Year 2009 $ 389 $ 390 $ 392 $ 392 $ 366 $ 346 $ 336 $ 309 $ 302 $ 310 $ — 14,716 2010 402 412 423 426 415 395 365 360 356 — 14,615 2011 429 437 443 468 439 434 437 437 8 16,505 2012 464 469 508 498 493 484 493 10 17,691 2013 462 479 500 513 525 535 28 19,442 2014 450 489 537 530 535 30 19,602 2015 433 499 510 494 78 17,835 2016 427 487 485 120 15,427 2017 412 449 217 13,777 2018 404 333 11,205 Total $ 4,498 $ 824 |
Short-duration contracts net cumulative paid claim adjustment expenses reconciliation of total liability for unpaid claim and claim adjustment expense | Cumulative Net Paid Claims and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year (In millions) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Accident Year 2009 $ 9 $ 63 $ 143 $ 211 $ 247 $ 269 $ 280 $ 288 $ 291 $ 300 2010 10 86 173 257 306 326 337 346 350 2011 17 109 208 295 347 375 398 409 2012 14 117 221 323 388 427 457 2013 17 119 255 355 414 462 2014 23 136 258 359 417 2015 22 101 230 313 2016 18 121 246 2017 19 107 2018 21 Total $ 3,082 Net liability for unpaid claim and allocated claim adjustment expenses for the accident years presented $ 1,416 Net liability for unpaid claim and claim adjustment expenses for accident years prior to 2009 18 Liability for unallocated claim adjustment expenses for accident years presented 23 Total net liability for unpaid claim and claim adjustment expenses $ 1,457 |
Short-duration contracts reserve development | Net strengthening or (releases) of prior accident year reserves is presented in the following table. For the years ended December 31 Calendar Year (In millions) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Total Accident Year 2009 $ 1 $ 2 $ — $ (26 ) $ (20 ) $ (10 ) $ (27 ) $ (7 ) $ 8 $ (79 ) 2010 10 11 3 (11 ) (20 ) (30 ) (5 ) (4 ) (46 ) 2011 8 6 25 (29 ) (5 ) 3 — 8 2012 5 39 (10 ) (5 ) (9 ) 9 29 2013 17 21 13 12 10 73 2014 39 48 (7 ) 5 85 2015 66 11 (16 ) 61 2016 60 (2 ) 58 2017 37 37 Total net development for the accident years presented above 60 58 47 Total net development for accident years prior to 2009 (51 ) (21 ) 1 Total unallocated claim adjustment expense development — (7 ) (1 ) Total $ 9 $ 30 $ 47 (1) Data presented for these calendar years is required supplemental information, which is unaudited. |
Other Professional Liability and Management Liability | Specialty | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Short-duration contracts net incurred claims and allocated claim adjustment expenses | Cumulative Net Incurred Claim and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year As of December 31, 2018 (In millions, except reported claims data) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 IBNR Cumulative Number of Claims Accident Year 2009 $ 831 $ 875 $ 908 $ 903 $ 893 $ 903 $ 897 $ 906 $ 904 $ 892 $ 18 17,374 2010 828 828 848 848 847 837 824 827 821 19 17,888 2011 880 908 934 949 944 911 899 888 39 18,728 2012 923 909 887 878 840 846 833 41 18,491 2013 884 894 926 885 866 863 65 17,918 2014 878 898 885 831 835 88 17,515 2015 888 892 877 832 194 17,333 2016 901 900 900 279 17,787 2017 847 845 479 17,780 2018 850 726 16,564 Total $ 8,559 $ 1,948 |
Short-duration contracts net cumulative paid claim adjustment expenses reconciliation of total liability for unpaid claim and claim adjustment expense | Cumulative Net Paid Claims and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year (In millions) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Accident Year 2009 $ 37 $ 195 $ 361 $ 553 $ 641 $ 722 $ 772 $ 801 $ 825 $ 844 2010 31 204 405 541 630 670 721 752 784 2011 71 314 503 605 683 726 781 796 2012 56 248 400 573 651 711 755 2013 54 249 447 618 702 754 2014 51 223 392 515 647 2015 60 234 404 542 2016 64 248 466 2017 57 222 2018 54 Total $ 5,864 Net liability for unpaid claim and allocated claim adjustment expenses for the accident years presented $ 2,695 Net liability for unpaid claim and claim adjustment expenses for accident years prior to 2009 90 Liability for unallocated claim adjustment expenses for accident years presented 64 Total net liability for unpaid claim and claim adjustment expenses $ 2,849 |
Short-duration contracts reserve development | Net strengthening or (releases) of prior accident year reserves is presented in the following table. For the years ended December 31 Calendar Year (In millions) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Total Accident Year 2009 $ 44 $ 33 $ (5 ) $ (10 ) $ 10 $ (6 ) $ 9 $ (2 ) $ (12 ) $ 61 2010 — 20 — (1 ) (10 ) (13 ) 3 (6 ) (7 ) 2011 28 26 15 (5 ) (33 ) (12 ) (11 ) 8 2012 (14 ) (22 ) (9 ) (38 ) 6 (13 ) (90 ) 2013 10 32 (41 ) (19 ) (3 ) (21 ) 2014 20 (13 ) (54 ) 4 (43 ) 2015 4 (15 ) (45 ) (56 ) 2016 (1 ) — (1 ) 2017 (2 ) (2 ) Total net development for the accident years presented above (125 ) (94 ) (88 ) Total net development for accident years prior to 2009 (15 ) (25 ) (32 ) Total unallocated claim adjustment expense development — (7 ) (7 ) Total $ (140 ) $ (126 ) $ (127 ) (1) Data presented for these calendar years is required supplemental information, which is unaudited. |
Surety | Specialty | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Short-duration contracts net incurred claims and allocated claim adjustment expenses | Cumulative Net Incurred Claim and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year As of December 31, 2018 (In millions, except reported claims data) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 IBNR Cumulative Number of Claims Accident Year 2009 $ 114 $ 114 $ 103 $ 85 $ 68 $ 59 $ 52 $ 53 $ 53 $ 52 $ 1 6,688 2010 112 112 111 84 76 66 63 59 61 1 5,971 2011 120 121 116 87 75 70 66 62 1 5,808 2012 120 122 98 70 52 45 39 2 5,559 2013 120 121 115 106 91 87 6 5,039 2014 123 124 94 69 60 19 5,036 2015 131 131 104 79 36 4,887 2016 124 124 109 60 5,185 2017 120 115 78 4,936 2018 114 101 3,105 Total $ 778 $ 305 |
Short-duration contracts net cumulative paid claim adjustment expenses reconciliation of total liability for unpaid claim and claim adjustment expense | Cumulative Net Paid Claims and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year (In millions) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Accident Year 2009 $ 13 $ 24 $ 34 $ 41 $ 43 $ 45 $ 46 $ 47 $ 47 $ 47 2010 13 34 50 55 57 58 55 52 52 2011 19 42 55 58 60 60 56 57 2012 5 32 34 35 35 36 37 2013 16 40 69 78 78 78 2014 7 30 38 36 38 2015 7 26 38 40 2016 5 37 45 2017 23 37 2018 5 Total $ 436 Net liability for unpaid claim and allocated claim adjustment expenses for the accident years presented $ 342 Net liability for unpaid claim and claim adjustment expenses for accident years prior to 2009 7 Liability for unallocated claim adjustment expenses for accident years presented 30 Total net liability for unpaid claim and claim adjustment expenses $ 379 |
Short-duration contracts reserve development | Net strengthening or (releases) of prior accident year reserves is presented in the following table. For the years ended December 31 Calendar Year (In millions) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Total Accident Year 2009 $ — $ (11 ) $ (18 ) $ (17 ) $ (9 ) $ (7 ) $ 1 $ — $ (1 ) $ (62 ) 2010 — (1 ) (27 ) (8 ) (10 ) (3 ) (4 ) 2 (51 ) 2011 1 (5 ) (29 ) (12 ) (5 ) (4 ) (4 ) (58 ) 2012 2 (24 ) (28 ) (18 ) (7 ) (6 ) (81 ) 2013 1 (6 ) (9 ) (15 ) (4 ) (33 ) 2014 1 (30 ) (25 ) (9 ) (63 ) 2015 — (27 ) (25 ) (52 ) 2016 — (15 ) (15 ) 2017 (5 ) (5 ) Total net development for the accident years presented above (64 ) (82 ) (67 ) Total net development for accident years prior to 2009 1 1 (3 ) Total unallocated claim adjustment expense development — (3 ) — Total $ (63 ) $ (84 ) $ (70 ) (1) Data presented for these calendar years is required supplemental information, which is unaudited. |
Commercial Auto | Commercial | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Short-duration contracts net incurred claims and allocated claim adjustment expenses | Cumulative Net Incurred Claim and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year As of December 31, 2018 (In millions, except reported claims data) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 IBNR Cumulative Number of Claims Accident Year 2009 $ 291 $ 276 $ 280 $ 282 $ 285 $ 281 $ 278 $ 276 $ 276 $ 277 $ — 48,499 2010 267 283 287 291 298 293 289 288 288 1 48,030 2011 268 281 288 302 300 294 294 294 4 47,905 2012 275 289 299 303 307 299 299 6 46,288 2013 246 265 265 249 245 245 7 39,429 2014 234 223 212 205 205 9 33,609 2015 201 199 190 190 22 30,388 2016 198 186 186 27 30,342 2017 199 198 45 30,580 2018 229 118 28,602 Total $ 2,411 $ 239 |
Short-duration contracts net cumulative paid claim adjustment expenses reconciliation of total liability for unpaid claim and claim adjustment expense | Cumulative Net Paid Claims and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year (In millions) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Accident Year 2009 $ 73 $ 130 $ 191 $ 233 $ 261 $ 272 $ 274 $ 274 $ 275 $ 277 2010 74 141 203 246 271 281 286 287 287 2011 79 145 199 248 274 284 287 289 2012 78 160 220 259 282 285 290 2013 74 135 168 200 225 234 2014 64 102 137 166 187 2015 52 96 130 153 2016 52 93 126 2017 58 107 2018 66 Total $ 2,016 Net liability for unpaid claim and allocated claim adjustment expenses for the accident years presented $ 395 Net liability for unpaid claim and claim adjustment expenses for accident years prior to 2009 6 Liability for unallocated claim adjustment expenses for accident years presented 11 Total net liability for unpaid claim and claim adjustment expenses $ 412 |
Short-duration contracts reserve development | Net strengthening or (releases) of prior accident year reserves is presented in the following table. For the years ended December 31 Calendar Year (In millions) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Total Accident Year 2009 $ (15 ) $ 4 $ 2 $ 3 $ (4 ) $ (3 ) $ (2 ) $ — $ 1 $ (14 ) 2010 16 4 4 7 (5 ) (4 ) (1 ) — 21 2011 13 7 14 (2 ) (6 ) — — 26 2012 14 10 4 4 (8 ) — 24 2013 19 — (16 ) (4 ) — (1 ) 2014 (11 ) (11 ) (7 ) — (29 ) 2015 (2 ) (9 ) — (11 ) 2016 (12 ) — (12 ) 2017 (1 ) (1 ) Total net development for the accident years presented above (37 ) (41 ) — Total net development for accident years prior to 2009 (10 ) 4 — Total unallocated claim adjustment expense development — 2 1 Total $ (47 ) $ (35 ) $ 1 (1) Data presented for these calendar years is required supplemental information, which is unaudited. |
General Liability | Commercial | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Short-duration contracts net incurred claims and allocated claim adjustment expenses | Cumulative Net Incurred Claim and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year As of December 31, 2018 (In millions, except reported claims data) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 IBNR Cumulative Number of Claims Accident Year 2009 $ 662 $ 716 $ 733 $ 755 $ 752 $ 756 $ 755 $ 754 $ 755 $ 755 $ 16 44,934 2010 646 664 658 709 750 726 697 691 691 24 44,144 2011 591 589 631 677 676 681 670 669 26 39,283 2012 587 611 639 636 619 635 635 46 35,083 2013 650 655 650 655 613 623 51 33,420 2014 653 658 654 631 635 71 27,736 2015 581 576 574 589 122 23,471 2016 623 659 667 265 23,078 2017 632 632 412 19,716 2018 653 553 13,336 Total $ 6,549 $ 1,586 |
Short-duration contracts net cumulative paid claim adjustment expenses reconciliation of total liability for unpaid claim and claim adjustment expense | Cumulative Net Paid Claims and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year (In millions) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Accident Year 2009 $ 33 $ 124 $ 305 $ 468 $ 576 $ 625 $ 663 $ 701 $ 721 $ 727 2010 27 145 280 429 561 611 642 652 656 2011 28 148 273 411 517 568 602 622 2012 28 132 247 374 454 510 559 2013 31 128 240 352 450 510 2014 31 119 247 376 481 2015 19 110 230 357 2016 32 163 279 2017 23 118 2018 33 Total $ 4,342 Net liability for unpaid claim and allocated claim adjustment expenses for the accident years presented $ 2,207 Net liability for unpaid claim and claim adjustment expenses for accident years prior to 2009 927 Liability for unallocated claim adjustment expenses for accident years presented 61 Total net liability for unpaid claim and claim adjustment expenses $ 3,195 |
Short-duration contracts reserve development | Net strengthening or (releases) of prior accident year reserves is presented in the following table. For the years ended December 31 Calendar Year (In millions) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Total Accident Year 2009 $ 54 $ 17 $ 22 $ (3 ) $ 4 $ (1 ) $ (1 ) $ 1 $ — $ 93 2010 18 (6 ) 51 41 (24 ) (29 ) (6 ) — 45 2011 (2 ) 42 46 (1 ) 5 (11 ) (1 ) 78 2012 24 28 (3 ) (17 ) 16 — 48 2013 5 (5 ) 5 (42 ) 10 (27 ) 2014 5 (4 ) (23 ) 4 (18 ) 2015 (5 ) (2 ) 15 8 2016 36 8 44 2017 — — Total net development for the accident years presented above (46 ) (31 ) 36 Total net development for accident years prior to 2009 (19 ) (1 ) — Total unallocated claim adjustment expense development — 8 (4 ) Total $ (65 ) $ (24 ) $ 32 (1) Data presented for these calendar years is required supplemental information, which is unaudited. |
Workers' Compensation | Commercial | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Short-duration contracts net incurred claims and allocated claim adjustment expenses | Cumulative Net Incurred Claim and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year As of December 31, 2018 (In millions, except reported claims data) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 IBNR Cumulative Number of Claims Accident Year 2009 $ 592 $ 599 $ 609 $ 611 $ 616 $ 626 $ 631 $ 638 $ 649 $ 650 $ 46 51,822 2010 583 632 654 676 698 710 730 733 732 44 49,106 2011 607 641 647 659 651 676 676 674 27 45,637 2012 601 627 659 669 678 673 671 59 42,477 2013 537 572 592 618 593 582 86 38,665 2014 467 480 479 452 450 104 33,465 2015 422 431 406 408 146 31,828 2016 426 405 396 171 31,905 2017 440 432 171 32,811 2018 450 276 30,399 Total $ 5,445 $ 1,130 |
Short-duration contracts net cumulative paid claim adjustment expenses reconciliation of total liability for unpaid claim and claim adjustment expense | Cumulative Net Paid Claims and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year (In millions) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Accident Year 2009 $ 89 $ 227 $ 321 $ 388 $ 443 $ 476 $ 503 $ 525 $ 549 $ 557 2010 97 251 359 442 510 542 577 615 625 2011 99 249 358 438 478 522 564 571 2012 87 232 342 416 470 509 524 2013 80 213 300 370 417 419 2014 61 159 215 258 282 2015 51 131 180 212 2016 53 129 169 2017 63 151 2018 68 Total $ 3,578 Net liability for unpaid claim and allocated claim adjustment expenses for the accident years presented $ 1,867 Net liability for unpaid claim and claim adjustment expenses for accident years prior to 2009 2,131 Other (2) (32 ) Liability for unallocated claim adjustment expenses for accident years presented 2 Total net liability for unpaid claim and claim adjustment expenses $ 3,968 |
Short-duration contracts reserve development | Net strengthening or (releases) of prior accident year reserves is presented in the following table. For the years ended December 31 Calendar Year (In millions) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Total Accident Year 2009 $ 7 $ 10 $ 2 $ 5 $ 10 $ 5 $ 7 $ 11 $ 1 $ 58 2010 49 22 22 22 12 20 3 (1 ) 149 2011 34 6 12 (8 ) 25 — (2 ) 67 2012 26 32 10 9 (5 ) (2 ) 70 2013 35 20 26 (25 ) (11 ) 45 2014 13 (1 ) (27 ) (2 ) (17 ) 2015 9 (25 ) 2 (14 ) 2016 (21 ) (9 ) (30 ) 2017 (8 ) (8 ) Total net development for the accident years presented above 95 (89 ) (32 ) Adjustment for development on a discounted basis (3 ) (3 ) — Total net development for accident years prior to 2009 53 28 7 Total unallocated claim adjustment expense development — 1 (7 ) Total $ 145 $ (63 ) $ (32 ) (1) Data presented for these calendar years is required supplemental information, which is unaudited. (2) Other includes the effect of discounting lifetime claim reserves. |
Excluding Hardy | International | |
Net Incurred Claim and Claim Adjustment Expense [Line Items] | |
Short-duration contracts net incurred claims and allocated claim adjustment expenses | Cumulative Net Incurred Claim and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year As of December 31, 2018 (In millions, except reported claims data) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 IBNR Cumulative Number of Claims Accident Year 2009 $ 254 $ 251 $ 253 $ 253 $ 239 $ 236 $ 226 $ 218 $ 216 $ 219 $ 8 20,257 2010 232 229 223 217 208 201 195 188 184 8 21,949 2011 265 266 258 239 227 221 219 216 9 24,585 2012 266 273 258 251 251 244 236 20 24,975 2013 287 289 281 261 257 250 25 23,909 2014 275 290 290 279 271 38 24,874 2015 289 305 304 286 51 23,239 2016 284 302 289 79 17,557 2017 300 363 134 17,865 2018 369 174 16,565 Total $ 2,683 $ 546 |
Short-duration contracts net cumulative paid claim adjustment expenses reconciliation of total liability for unpaid claim and claim adjustment expense | Cumulative Net Paid Claims and Allocated Claim Adjustment Expenses are presented in the following table. As of December 31 Calendar Year (In millions) 2009 (1) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1) 2018 Accident Year 2009 $ 39 $ 92 $ 122 $ 137 $ 153 $ 162 $ 174 $ 185 $ 190 $ 198 2010 48 96 119 133 146 156 164 167 169 2011 44 114 135 149 162 174 181 185 2012 43 112 144 164 180 191 201 2013 49 112 138 155 169 179 2014 51 120 148 165 182 2015 55 131 161 181 2016 66 131 157 2017 64 145 2018 90 Total $ 1,687 Net liability for unpaid claim and allocated claim adjustment expenses for the accident years presented $ 996 Net liability for unpaid claim and claim adjustment expenses for accident years prior to 2009 39 Liability for unallocated claim adjustment expenses for accident years presented 24 Total net liability for unpaid claim and claim adjustment expenses $ 1,059 |
Short-duration contracts reserve development | Net strengthening or (releases) of prior accident year reserves is presented in the following table. For the years ended December 31 Calendar Year (In millions) 2010 (1) 2011 (1) 2012 (1) 2013 (1) 2014 (1) 2015 (1)(2) 2016 (1)(2) 2017 (1)(2) 2018 (2) Total (2) Accident Year 2009 $ (3 ) $ 2 $ — $ (14 ) $ (3 ) $ (10 ) $ (8 ) $ (2 ) $ 3 $ (35 ) 2010 (3 ) (6 ) (6 ) (9 ) (7 ) (6 ) (7 ) (4 ) (48 ) 2011 1 (8 ) (19 ) (12 ) (6 ) (2 ) (3 ) (49 ) 2012 7 (15 ) (7 ) — (7 ) (8 ) (30 ) 2013 2 (8 ) (20 ) (4 ) (7 ) (37 ) 2014 15 — (11 ) (8 ) (4 ) 2015 16 (1 ) (18 ) (3 ) 2016 18 (13 ) 5 2017 63 63 (1) Data presented for these calendar years is required supplemental information, which is unaudited. (2) The amounts included in the loss reserve development tables above are presented at the year-end 2018 foreign currency exchange rates for all periods presented to remove the effects of foreign currency exchange rate fluctuations between calendar years. The amounts included within the table on page 102 presenting the detail of the development recorded within the International segment include the impact of fluctuations in foreign currency exchange rates. |