XML 112 R43.htm IDEA: XBRL DOCUMENT v2.4.0.8
Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2013
Reinsurance Disclosures [Abstract]  
Effect of reinsurance
The amounts in the consolidated statements of operations include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows:
 
Years Ended December 31,
 
2013
 
2012
 
2011
 
(In millions)
Premiums
 
 
 
 
 
Direct premiums
$
38,476

 
$
38,719

 
$
37,185

Reinsurance assumed
1,472

 
1,488

 
1,484

Reinsurance ceded
(2,274
)
 
(2,232
)
 
(2,308
)
Net premiums
$
37,674

 
$
37,975

 
$
36,361

Universal life and investment-type product policy fees
 
 
 
 
 
Direct universal life and investment-type product policy fees
$
10,197

 
$
9,216

 
$
8,455

Reinsurance assumed
139

 
155

 
154

Reinsurance ceded
(885
)
 
(815
)
 
(803
)
Net universal life and investment-type product policy fees
$
9,451

 
$
8,556

 
$
7,806

Policyholder benefits and claims
 
 
 
 
 
Direct policyholder benefits and claims
$
40,211

 
$
39,262

 
$
37,588

Reinsurance assumed
1,047

 
1,167

 
1,101

Reinsurance ceded
(3,151
)
 
(2,442
)
 
(3,218
)
Net policyholder benefits and claims
$
38,107

 
$
37,987

 
$
35,471

Other expenses
 
 
 
 
 
Direct other expenses
$
16,712

 
$
17,848

 
$
18,672

Reinsurance assumed
147

 
228

 
168

Reinsurance ceded
(257
)
 
(321
)
 
(303
)
Net other expenses
$
16,602

 
$
17,755

 
$
18,537

The amounts in the consolidated balance sheets include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows at:
 
December 31,
 
2013
 
2012
 
Direct
 
Assumed
 
Ceded
 
Total
Balance
Sheet
 
Direct
 
Assumed
 
Ceded
 
Total
Balance
Sheet
 
(In millions)
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums, reinsurance and other receivables
$
6,248

 
$
593

 
$
15,018

 
$
21,859

 
$
6,286

 
$
548

 
$
14,800

 
$
21,634

Deferred policy acquisition costs and value of business acquired
26,954

 
104

 
(352
)
 
26,706

 
24,789

 
92

 
(120
)
 
24,761

Total assets
$
33,202

 
$
697

 
$
14,666

 
$
48,565

 
$
31,075

 
$
640

 
$
14,680

 
$
46,395

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Future policy benefits
$
185,908

 
$
2,034

 
$
—

 
$
187,942

 
$
190,321

 
$
2,031

 
$
(1
)
 
$
192,351

Policyholder account balances
211,610

 
1,277

 
(2
)
 
212,885

 
223,229

 
2,594

 
(2
)
 
225,821

Other policy-related balances
14,838

 
353

 
23

 
15,214

 
15,142

 
313

 
8

 
15,463

Other liabilities
19,591

 
533

 
3,044

 
23,168

 
18,925

 
543

 
3,024

 
22,492

Total liabilities
$
431,947

 
$
4,197

 
$
3,065

 
$
439,209

 
$
447,617

 
$
5,481

 
$
3,029

 
$
456,127