Reinsurance and Indemnification (Tables)

12 Months Ended

Dec. 31, 2019

Reinsurance Disclosures [Abstract]

Effects of reinsurance on property-liability insurance premiums written and earned and life and annuity premiums and contract charges

Effects of reinsurance and indemnification on property and casualty premiums written and earned and life premiums and contract charges
	For the years ended December 31,
($ in millions)	2019			2018			2017
Property and casualty insurance premiums written
Direct	$	37,976		$	35,895		$	33,685
Assumed	95			99			64
Ceded	(1,117		)	(1,008		)	(1,007		)
Property and casualty insurance premiums written, net of recoverables	$	36,954		$	34,986		$	32,742
Property and casualty insurance premiums earned
Direct	$	37,104		$	34,977		$	33,221
Assumed	94			87			50
Ceded	(1,122		)	(1,016		)	(971		)
Property and casualty insurance premiums earned, net of recoverables	$	36,076		$	34,048		$	32,300
Life premiums and contract charges
Direct	$	2,074		$	2,001		$	1,894
Assumed	712			754			787
Ceded	(285		)	(290		)	(303		)
Life premiums and contract charges, net of recoverables	$	2,501		$	2,465		$	2,378

Summary of retention limits by period of policy issuance

Retention limits by period of policy issuance
Period	Retention limits
April 2015 through current	Single life: $2 million per life Joint life: no longer offered
April 2011 through March 2015	Single life: $5 million per life, $3 million age 70 and over, and $10 million for contracts that meet specific criteria Joint life: $8 million per life, and $10 million for contracts that meet specific criteria
July 2007 through March 2011	$5 million per life, $3 million age 70 and over, and $10 million for contracts that meet specific criteria
September 1998 through June 2007	$2 million per life, in 2006 the limit was increased to $5 million for instances when specific criteria were met
August 1998 and prior	Up to $1 million per life

Schedule of reinsurance premium ceded

Amounts ceded to Prudential
	As of December 31,
($ in millions)	2019		2018		2017
Premiums and contract charges	$	65	$	72	$	76
Contract benefits	4		87		7
Interest credited to contractholder funds	19		20		20
Operating costs and expenses	12		14		15

Summary of reinsurance recoverables on paid and unpaid benefits

Reinsurance recoverables on paid and unpaid benefits
	As of December 31,
($ in millions)	2019		2018
Annuities	$	1,305	$	1,381
Life insurance	749		776
Other	133		142
Total	$	2,187	$	2,299