v3.26.1
Reinsurance and Indemnification (Tables)
 6 Months Ended
Jun. 30, 2026
Reinsurance Disclosures [Abstract]  
Schedule of Effects of Reinsurance
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,
2026202520262025
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,
2026202520262025
Property and casualty insurance claims and claims expense (2)
$214 $(141)$(53)$(1,826)
Accident, health and other policy benefits (1)
(106)(9)(217)(28)
(1)2026 includes business reinsured to Nationwide Life Insurance Company in connection with the group health sale in the third quarter of 2025.
(2)2025 includes ceded losses related to the Nationwide Reinsurance Program for the California wildfires.
Schedule of Reinsurance and Indemnification Recoverables
Reinsurance and indemnification recoverables
Reinsurance and indemnification recoverables, net
($ in millions)June 30, 2026December 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 insurance228 222 
Total$7,880 $8,501 
Schedule of Rollforward of Credit Loss Allowance for Reinsurance Recoverables
Rollforward of credit loss allowance for reinsurance recoverables
($ in millions)Three months ended June 30,Six months ended June 30,
2026202520262025
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.