Reinsurance (Tables)

12 Months Ended

Dec. 31, 2021

Reinsurance Disclosures [Abstract]

Ceded Credit Risk [Table Text Block]

The following table presents information for the Company’s reinsurance ceded receivables and other, including the respective amount and A.M. Best rating for each reinsurer representing in excess of five percent of the total as of December 31, 2021 and 2020 (dollars in millions):

		2021				2020
Reinsurer	A.M. Best Rating	Amount		% of Total		Amount		% of Total
Reinsurer A	A+	$	1,626	63.0	%	$	—	—	%
Reinsurer B	A+	423		16.4		420		42.7
Reinsurer C	A+	212		8.2		216		22.0
Reinsurer D	A	59		2.3		64		6.5
Reinsurer E	A+	44		1.7		46		4.7
Reinsurer F	A++	42		1.6		55		5.6
Other reinsurers		174		6.8		182		18.5
Total		$	2,580	100.0	%	$	983	100.0	%

Reinsurance Premium And Effect On Claims And Other Policy Benefits [Table Text Block]

The effect of reinsurance on net premiums is as follows (dollars in millions):

Years ended December 31,	2021		2020		2019
Direct insurance	$	33	$	58	$	76
Reinsurance assumed	13,348		12,583		12,150
Reinsurance ceded	(868)		(947)		(929)
Net premiums	$	12,513	$	11,694	$	11,297

The effect of reinsurance on claims and other policy benefits as follows (dollars in millions):

Years ended December 31,	2021		2020		2019
Direct insurance	$	37	$	97	$	113
Reinsurance assumed	13,725		11,931		11,404
Reinsurance ceded	(986)		(953)		(1,320)
Net claims and other policy benefits	$	12,776	$	11,075	$	10,197

Reinsurance Information [Table Text Block]

The effect of reinsurance on life insurance in force is shown in the following schedule (dollars in millions):

	Direct		Assumed		Ceded		Net		Assumed/Net %
December 31, 2021	$	1,117	$	3,467,054	$	166,842	$	3,301,329	105.0	%
December 31, 2020	1,990		3,480,692		184,625		3,298,057		105.5
December 31, 2019	1,316		3,480,206		192,864		3,288,658		105.8