REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2021

Reinsurance Disclosures [Abstract]

Effects of Reinsurance

The following table reconciles direct premiums 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 for the years ended December 31.

(In millions)	2021			2020			2019
Direct earned premiums		$	17,857		$	18,955		$	19,122
Ceded to other companies:
Ceded Aflac Japan closed blocks		(431)			(466)			(478)
Other		(73)			(87)			(69)
Assumed from other companies:
Retrocession activities		180			195			200
Other		114			25			5
Net earned premiums		$	17,647		$	18,622		$	18,780
Direct benefits and claims		$	10,716		$	12,080		$	12,237
Ceded benefits and change in reserves for future benefits:
Ceded Aflac Japan closed blocks		(379)			(419)			(433)
Eliminations		31			39			41
Other		(36)			(63)			(57)
Assumed from other companies:
Retrocession activities		165			180			194
Eliminations		(31)			(39)			(41)
Other		110			18			1
Benefits and claims, net		$	10,576		$	11,796		$	11,942