REINSURANCE (Tables)

6 Months Ended

Jun. 30, 2022

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.


	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)	2022			2021			2022			2021
Direct earned premiums		$	3,877		$	4,490		$	8,091		$	9,141
Ceded to other companies:
Ceded Aflac Japan closed blocks		(87)			(109)			(185)			(223)
Other		(17)			(15)			(36)			(34)
Assumed from other companies:
Retrocession activities		36			45			77			93
Other		40			30			81			57
Net earned premiums		$	3,849		$	4,441		$	8,028		$	9,034

Direct benefits and claims		$	2,319		$	2,687		$	4,824		$	5,463
Ceded benefits and change in reserves for future benefits:
Ceded Aflac Japan closed blocks		(82)			(94)			(173)			(193)
Eliminations		6			8			12			16
Other		(14)			(9)			(18)			(17)
Assumed from other companies:
Retrocession activities		35			42			73			84
Eliminations		(6)			(8)			(12)			(16)
Other		40			27			79			50
Benefits and claims, net		$	2,298		$	2,653		$	4,785		$	5,387