REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2020

Reinsurance Disclosures [Abstract]

Schedule Of Effect Of Reinsurance

The following table summarizes the effect of reinsurance:

	Year Ended December 31,
	2020		2019		2018
	(in millions)
Direct premiums	$	764	$	868	$	836
Reinsurance assumed	195		194		186
Reinsurance ceded	(153)		(126)		(160)
Premiums	$	806	$	936	$	862
Direct charges and fee income	$	2,684	$	2,721	$	3,981
Reinsurance ceded	780		766		(466)
Policy charges and fee income	$	3,464	$	3,487	$	3,515
Direct policyholders’ benefits	$	5,233	$	4,298	$	2,804
Reinsurance assumed	218		217		219
Reinsurance ceded	(500)		(427)		(63)
Policyholders’ benefits	$	4,951	$	4,088	$	2,960