| | | | | | | Note 9 | 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 June 30, | | Six months ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Property and casualty insurance premiums earned | | $ | (689) | | | $ | (608) | | | $ | (1,294) | | | $ | (1,151) | | Accident and health insurance premiums and contract charges (1) | | (124) | | | (10) | | | (256) | | | (23) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | 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 June 30, | | Six months ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Property and casualty insurance claims and claims expense (2) | | $ | 214 | | | $ | (141) | | | $ | (53) | | | $ | (1,826) | | Accident, health and other policy benefits (1) | | (106) | | | (9) | | | (217) | | | (28) | |
(1)2026 includes business reinsured to Nationwide Life Insurance Company in connection with the group health sale in the third quarter of 2025. (2)2025 includes ceded losses related to the Nationwide Reinsurance Program for the California wildfires. Reinsurance and indemnification recoverables | | | | | | | | | | | | | | | Reinsurance and indemnification recoverables, net | | ($ in millions) | | June 30, 2026 | | December 31, 2025 | | Property and casualty | | | | | | Paid and due from reinsurers and indemnitors | | $ | 206 | | | $ | 267 | | | Unpaid losses estimated (including IBNR) | | 7,446 | | | 8,012 | | | Total property and casualty | | $ | 7,652 | | | $ | 8,279 | | | Accident and health insurance | | 228 | | | 222 | | | Total | | $ | 7,880 | | | $ | 8,501 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Rollforward of credit loss allowance for reinsurance recoverables | | ($ in millions) | | Three months ended June 30, | | Six months ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Property and casualty (1) (2) | | | | | | | | | | Beginning balance | | $ | (55) | | | $ | (63) | | | $ | (54) | | | $ | (63) | | | Decrease (increase) in the provision for credit losses | | — | | | — | | | (1) | | | — | | | Write-offs | | — | | | — | | | — | | | — | | | Ending balance | | $ | (55) | | | $ | (63) | | | $ | (55) | | | $ | (63) | |
(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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