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 September 30, | | Nine months ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Property and casualty insurance premiums earned | | $ | (657) | | | $ | (640) | | | $ | (1,951) | | | $ | (1,791) | | | Accident and health insurance premiums and contract charges | | (123) | | | (122) | | | (379) | | | (145) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | 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 September 30, | | Nine months ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | Property and casualty insurance claims and claims expense (1) | | $ | (154) | | | $ | (163) | | | $ | (207) | | | $ | (1,989) | | | Accident, health and other policy benefits | | (100) | | | (112) | | | (317) | | | (140) | |
(1)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) | | September 30, 2026 | | December 31, 2025 | | Property and casualty | | | | | | Paid and due from reinsurers and indemnitors | | $ | 201 | | | $ | 267 | | | Unpaid losses estimated (including IBNR) | | 7,301 | | | 8,012 | | | Total property and casualty | | $ | 7,502 | | | $ | 8,279 | | | Accident and health insurance | | 222 | | | 222 | | | Total | | $ | 7,724 | | | $ | 8,501 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Rollforward of credit loss allowance for reinsurance recoverables | | ($ in millions) | | Three months ended September 30, | | Nine months ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | Property and casualty (1) (2) | | | | | | | | | | Beginning balance | | $ | (55) | | | $ | (63) | | | $ | (54) | | | $ | (63) | | | Increase in the provision for credit losses | | (6) | | | (1) | | | (7) | | | (1) | | | Write-offs | | 1 | | | 10 | | | 1 | | | 10 | | | Ending balance | | $ | (60) | | | $ | (54) | | | $ | (60) | | | $ | (54) | |
(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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