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REINSURANCE (Tables)
12 Months Ended
Dec. 31, 2019
Effects of Reinsurance [Line Items]  
Supplemental information for gross loss and benefit reserves net of ceded reinsurance

At December 31,

 

2019

 

 

2018

 

 

As

 

Net of

 

 

As

 

Net of

(in millions)

 

Reported

Reinsurance

 

 

Reported

Reinsurance

Liability for unpaid losses and loss adjustment expenses

$

(78,328)

$

(47,259)

 

$

(83,639)

$

(51,949)

Future policy benefits for life and accident and health insurance contracts

 

(50,512)

 

(49,670)

 

 

(44,935)

 

(43,936)

Policyholder contract deposits

 

(151,869)

 

(150,944)

 

 

(142,262)

 

(141,407)

Reserve for unearned premiums

 

(18,269)

 

(15,067)

 

 

(19,248)

 

(16,300)

Reinsurance assets(a)

 

36,038

 

 

 

 

36,492

 

 

(a)Reinsurance assets excludes (i) allowance for doubtful accounts of $111 million and $140 million for the years ended December 31, 2019 and 2018, respectively, and (ii) paid loss recoveries of $2,050 million and $1,820 million for the years ended December 31, 2019 and 2018, respectively.
Schedule of long-duration insurance in force ceded to other insurance companies

At December 31,

 

 

 

 

 

 

(in millions)

 

2019

 

2018

 

2017

Long-duration insurance in force ceded

$

264,732

$

228,846

$

202,402

Short-Duration Reinsurance  
Effects of Reinsurance [Line Items]  
Schedule of insurance premiums written and earned

 

Years Ended December 31,

(in millions)

 

2019

 

2018

 

2017

Premiums written:

 

 

 

 

 

 

Direct

$

29,338

$

30,368

$

30,229

Assumed

 

5,808

 

4,186

 

3,065

Ceded

 

(9,692)

 

(7,757)

 

(7,535)

Net

$

25,454

$

26,797

$

25,759

Premiums earned:

 

 

 

 

 

 

Direct

$

30,017

$

31,450

$

30,928

Assumed

 

6,395

 

4,638

 

3,374

Ceded

 

(9,526)

 

(8,164)

 

(7,904)

Net

$

26,886

$

27,924

$

26,398

Long-Duration Reinsurance  
Effects of Reinsurance [Line Items]  
Schedule of insurance premiums written and earned

Years Ended December 31,

 

 

 

 

 

 

(in millions)

 

2019

 

2018

 

2017

Premiums

 

 

 

 

 

 

Direct

$

4,363

$

3,489

$

5,771

Assumed

 

228

 

56

 

15

Ceded

 

(916)

 

(855)

 

(810)

Net

$

3,675

$

2,690

$

4,976

Policy Fees

 

 

 

 

 

 

Direct

$

3,016

$

2,792

$

2,936

Assumed

 

-

 

-

 

-

Ceded

 

(1)

 

(1)

 

(1)

Net

$

3,015

$

2,791

$

2,935