REINSURANCE (Tables)

9 Months Ended

Sep. 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 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