REINSURANCE (Tables)

9 Months Ended

Sep. 30, 2021

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)	2021			2020			2021			2020
Direct premium income		$	4,426		$	4,711		$	13,567		$	14,236
Ceded to other companies:
Ceded Aflac Japan closed blocks		(107)			(116)			(329)			(349)
Other		(19)			(22)			(54)			(69)
Assumed from other companies:
Retrocession activities		45			49			138			146
Other		27			1			84			5
Net premium income		$	4,372		$	4,623		$	13,406		$	13,969

Direct benefits and claims		$	2,649		$	3,051		$	8,112		$	9,054
Ceded benefits and change in reserves for future benefits:
Ceded Aflac Japan closed blocks		(94)			(103)			(288)			(314)
Eliminations		8			10			24			29
Other		(9)			(10)			(25)			(54)
Assumed from other companies:
Retrocession activities		42			47			126			133
Eliminations		(8)			(10)			(24)			(29)
Other		21			0			71			3
Benefits and claims, net		$	2,609		$	2,985		$	7,996		$	8,822