REINSURANCE (Tables)

6 Months Ended

Jun. 30, 2021

Reinsurance Disclosures [Abstract]

Effects of Reinsurance

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 June 30,						Six Months Ended June 30,
(In millions)	2021			2020			2021			2020
Direct premium income		$	4,490		$	4,752		$	9,141		$	9,525
Ceded to other companies:
Ceded Aflac Japan closed blocks		(109)			(116)			(223)			(232)
Other		(15)			(24)			(34)			(48)
Assumed from other companies:
Retrocession activities		45			49			93			97
Other		30			3			57			4
Net premium income		$	4,441		$	4,664		$	9,034		$	9,346
Direct benefits and claims		$	2,687		$	2,975		$	5,463		$	6,003
Ceded benefits and change in reserves for future benefits:
Ceded Aflac Japan closed blocks		(94)			(105)			(193)			(210)
Eliminations		8			10			16			19
Other		(9)			(21)			(17)			(45)
Assumed from other companies:
Retrocession activities		42			47			84			87
Eliminations		(8)			(10)			(16)			(19)
Other		27			1			50			2
Benefits and claims, net		$	2,653		$	2,897		$	5,387		$	5,837