AIG 2015 Annual Report Download - page 134
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ITEM 7 / INSURANCE RESERVES / NON-LIFE INSURANCE COMPANIES
134
The following table summarizes development, (favorable) or unfavorable, of incurred losses and loss expenses for
prior years, net of reinsurance, by business unit and major class of business:
Years Ended December 31,
(in millions)
2015 2014 2013
Prior accident year development by major class of business:
Commercial Property Casualty - U.S. & Canada:
Excess casualty $ 1,529 $ (36) $ (144)
Financial lines including professional liability 579 (47) (113)
On-going Environmental 108 137 151
Primary casualty:
Loss-sensitive (offset by premium adjustments below)(a) (49) 105 89
Other 1,175 445 409
Healthcare 207 109 (54)
Property excluding natural catastrophes (117) 50 (80)
Natural catastrophes (52) (102) 179
All other, net 6 72 23
Total Commercial Property Casualty - U.S. & Canada 3,386 733 460
Commercial Property Casualty International:
Excess casualty 71 (62) (15)
Primary casualty 89 (5) (25)
Financial lines 47 182 74
Specialty (5) (30) (51)
Property excluding natural catastrophes (64) (82) (3)
Natural catastrophes (44) (77) (71)
All other, net - (4) (14)
Total Commercial Property Casualty - International 94 (78) (105)
Total Commercial Property Casualty 3,480 655 355
Commercial Mortgage Guaranty (69) (104) 30
Consumer Personal Insurance - U.S. & Canada:
Natural catastrophes (12) (8) (69)
All other, net (54) (44) (46)
Total Consumer Personal Insurance - U.S. & Canada (66) (52) (115)
Consumer Personal Insurance - International:
Natural catastrophes 2 (8) -
All other, net 45 (17) (40)
Total Consumer Personal Insurance - International 47 (25) (40)
Total Consumer Personal Insurance (19) (77) (155)
Run-off Insurance Lines
Asbestos and environmental (1986 and prior) 281 124 67
Run-off environmental 132 120 238
Run-off healthcare(b) 50 --
Other run-off 272 --
All other, net (8) (15) 22
Total Run-off Insurance Lines 727 229 327
Total prior year unfavorable development $ 4,119 $ 703 $ 557
Premium adjustments on primary casualty loss sensitive business 49 (105) (89)
Total prior year development, net of premium adjustments $ 4,168 $ 598 $ 468
(a) Represents prior year development on active retrospectively rated components of risk-sharing policies.
(b) In 2015, includes $30 million of non-operating adverse prior year development.