REINSURANCE (Tables)

3 Months Ended

Mar. 31, 2023

Reinsurance Disclosures [Abstract]

Schedule Of Effect Of Reinsurance

The following table summarizes the effect of reinsurance:

	Three Months Ended March 31,
	2023		2022
	(in millions)
Direct premiums	$	84	$	56
Reinsurance assumed	—		—
Reinsurance ceded	(15)		(7)
Premiums	$	69	$	49
Direct charges and fee income	$	77	$	61
Reinsurance ceded	(16)		(5)
Policy charges and fee income	$	61	$	56
Direct policyholders’ benefits	$	106	$	91
Reinsurance ceded	(27)		(17)
Policyholders’ benefits	$	79	$	74
Direct interest credited to policyholders’ account balances	$	4	$	41
Reinsurance ceded	19		(22)
Interest credited to policyholders’ account balances	$	23	$	19