REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2019

The following table presents the net life insurance in-force:


	As of December 31,
	2019			2018
	(Dollars In Thousands)
Direct life insurance in-force	$	766,196,760		$	765,986,223
Amounts assumed from other companies	212,573,612			135,407,408
Amounts ceded to other companies	(271,600,818)			(302,149,614)
Net life insurance in-force	$	707,169,554		$	599,244,017

Percentage of amount assumed to net	30		%	23		%

Schedule of effect of reinsurance on life insurance premiums written and earned

The following table reflects the effect of reinsurance on life, accident/health, and property and liability insurance premiums written and earned:


	Gross Amount		Ceded to Other Companies		Assumed from Other Companies		Net Amount
	(Dollars In Thousands)
For The Year Ended December 31, 2019
Premiums and policy fees:									-1
Life insurance	$	2,852,899	$	(1,383,822)	$	835,677	$	2,304,754	(1)
Accident/health insurance	42,248		(26,952)		41,406		56,702
Property and liability insurance	280,734		(106,430)		3,238		177,542
Total	$	3,175,881	$	(1,517,204)	$	880,321	$	2,538,998
For The Year Ended December 31, 2018
Premiums and policy fees:
Life insurance	$	2,681,191	$	(1,249,906)	$	626,283	$	2,057,568	(1)
Accident/health insurance	47,028		(30,126)		12,826		29,728
Property and liability insurance	284,323		(103,478)		4,857		185,702
Total	$	3,012,542	$	(1,383,510)	$	643,966	$	2,272,998
For The Year Ended December 31, 2017
Premiums and policy fees:
Life insurance	$	2,655,846	$	(1,230,258)	$	435,113	$	1,860,701	(1)
Accident/health insurance	51,991		(33,052)		14,946		33,885
Property and liability insurance	288,809		(103,786)		9,657		194,680
Total	$	2,996,646	$	(1,367,096)	$	459,716	$	2,089,266

(1)Includes annuity policy fees of $164.3 million, $177.1 million, and $173.5 million, for the years ended December 31, 2019, 2018, and 2017, respectively.

Schedule of receivables attributable to more significant reinsurance partners

The following table sets forth the receivables attributable to our more significant reinsurance partners:


	As of December 31,
	2019					2018
	Reinsurance Receivable		A.M. Best Rating	Reinsurance Receivable		A.M. Best Rating
	(Dollars In Millions)
Security Life of Denver Insurance Company	$	631.4	NR	$	722.2	A
Swiss Re Life & Health America, Inc.	560.0		A+	603.8		A+
Lincoln National Life Insurance Co.	463.5		A+	461.1		A+
Transamerica Life Insurance Co.	330.3		A	301.0		A+
American United Life Insurance Company	273.3		A+	242.8		A+
RGA Reinsurance Company	261.2		A+	260.5		A+
Employers Reassurance Corporation	187.4		NR	178.4		B+
Centre Reinsurance (Bermuda) Ltd	181.4		NR	197.4		NR
SCOR Global Life⁽¹⁾	181.2		A+	317.2		A+
The Canada Life Assurance Company	168.3		A+	188.2		A+

(1)Includes SCOR Global Life Americas Reinsurance Company, SCOR Global Life USA Reinsurance Co, and SCOR Global Life Reinsurance Co of Delaware