REINSURANCE (Tables)

9 Months Ended

Sep. 30, 2022

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.

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2022			2021			2022			2021
Direct earned premiums		$	3,681		$	4,426		$	11,772		$	13,567
Ceded to other companies:
Ceded Aflac Japan closed blocks		(80)			(107)			(266)			(329)
Other		(20)			(19)			(55)			(54)
Assumed from other companies:
Retrocession activities		35			45			112			138
Other		35			27			116			84
Net earned premiums		$	3,651		$	4,372		$	11,679		$	13,406
Direct benefits and claims		$	2,385		$	2,649		$	7,209		$	8,112
Ceded benefits and change in reserves for future benefits:
Ceded Aflac Japan closed blocks		(103)			(94)			(276)			(288)
Eliminations		5			8			17			24
Other		(9)			(9)			(28)			(25)
Assumed from other companies:
Retrocession activities		43			42			115			126
Eliminations		(5)			(8)			(17)			(24)
Other		24			21			105			71
Benefits and claims, net		$	2,340		$	2,609		$	7,125		$	7,996