REINSURANCE (Tables)

9 Months Ended

Sep. 30, 2020

The following table reconciles direct premium income and direct benefits and claims to net amounts after the effect of reinsurance which also includes the elimination of inter-segment amounts associated with affiliated reinsurance.


	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2020			2019			2020			2019
Direct premium income		$	4,711		$	4,823		$	14,236		$	14,365
Ceded to other companies:
Ceded Aflac Japan closed blocks		(116)			(121)			(349)			(361)
Other		(22)			(17)			(69)			(50)
Assumed from other companies:
Retrocession activities		49			51			146			151
Other		1			0			5			4
Net premium income		$	4,623		$	4,736		$	13,969		$	14,109

Direct benefits and claims		$	3,051		$	3,106		$	9,054		$	9,185
Ceded benefits and change in reserves for future benefits:
Ceded Aflac Japan closed blocks		(103)			(111)			(314)			(331)
Eliminations		10			11			29			31
Other		(10)			(18)			(54)			(41)
Assumed from other companies:
Retrocession activities		47			49			133			144
Eliminations		(10)			(11)			(29)			(31)
Other		0			1			3			1
Benefits and claims, net		$	2,985		$	3,027		$	8,822		$	8,958