Reinsurance (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021 (dollars in millions):

		2022				2021
Reinsurer	A.M. Best Rating	Amount		% of Total		Amount		% of Total
Reinsurer A	A-	$	1,605	65.2	%	$	1,626	63.0	%
Reinsurer B	A+	401		16.3		423		16.4
Reinsurer C	A+	200		8.1		212		8.2
Reinsurer D	A	52		2.1		59		2.3
Reinsurer E	A+	41		1.7		44		1.7
Reinsurer F	A++	35		1.4		42		1.6
Other reinsurers		128		5.2		174		6.8
Total		$	2,462	100.0	%	$	2,580	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,	2022		2021		2020
Direct insurance	$	26	$	33	$	58
Reinsurance assumed	13,823		13,348		12,583
Reinsurance ceded	(771)		(868)		(947)
Net premiums	$	13,078	$	12,513	$	11,694

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

Years ended December 31,	2022		2021		2020
Direct insurance	$	56	$	37	$	97
Reinsurance assumed	12,736		13,725		11,931
Reinsurance ceded	(746)		(986)		(953)
Net claims and other policy benefits	$	12,046	$	12,776	$	11,075

Reinsurance Information [Table Text Block]

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

	Direct		Assumed		Ceded		Net		Assumed/Net %
December 31, 2022	$	1,027	$	3,400,735	$	151,569	$	3,250,193	104.6	%
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