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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2014
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,
 
2014
 
2013
 
2012
 
(In millions)
Premiums
 
 
 
 
 
Direct premiums
$
40,049

 
$
38,476

 
$
38,719

Reinsurance assumed
1,472

 
1,472

 
1,488

Reinsurance ceded
(2,454
)
 
(2,274
)
 
(2,232
)
Net premiums
$
39,067

 
$
37,674

 
$
37,975

Universal life and investment-type product policy fees
 
 
 
 
 
Direct universal life and investment-type product policy fees
$
10,768

 
$
10,197

 
$
9,216

Reinsurance assumed
126

 
139

 
155

Reinsurance ceded
(948
)
 
(885
)
 
(815
)
Net universal life and investment-type product policy fees
$
9,946

 
$
9,451

 
$
8,556

Policyholder benefits and claims
 
 
 
 
 
Direct policyholder benefits and claims
$
41,573

 
$
40,211

 
$
39,262

Reinsurance assumed
962

 
1,047

 
1,167

Reinsurance ceded
(3,433
)
 
(3,151
)
 
(2,442
)
Net policyholder benefits and claims
$
39,102

 
$
38,107

 
$
37,987

Other expenses
 
 
 
 
 
Direct other expenses
$
17,334

 
$
16,712

 
$
17,848

Reinsurance assumed
165

 
147

 
228

Reinsurance ceded
(408
)
 
(257
)
 
(321
)
Net other expenses
$
17,091

 
$
16,602

 
$
17,755

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,
 
2014
 
2013
 
Direct
 
Assumed
 
Ceded
 
Total
Balance
Sheet
 
Direct
 
Assumed
 
Ceded
 
Total
Balance
Sheet
 
(In millions)
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums, reinsurance and other receivables
$
6,111

 
$
491

 
$
15,642

 
$
22,244

 
$
6,248

 
$
593

 
$
15,018

 
$
21,859

Deferred policy acquisition costs and value of business acquired
24,807

 
112

 
(477
)
 
24,442

 
26,954

 
104

 
(352
)
 
26,706

Total assets
$
30,918

 
$
603

 
$
15,165

 
$
46,686

 
$
33,202

 
$
697

 
$
14,666

 
$
48,565

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Future policy benefits
$
187,562

 
$
2,024

 
$
—

 
$
189,586

 
$
185,908

 
$
2,034

 
$
—

 
$
187,942

Policyholder account balances
208,307

 
989

 
(2
)
 
209,294

 
211,610

 
1,277

 
(2
)
 
212,885

Other policy-related balances
14,131

 
285

 
6

 
14,422

 
14,838

 
353

 
23

 
15,214

Other liabilities
20,752

 
481

 
3,204

 
24,437

 
19,591

 
533

 
3,044

 
23,168

Total liabilities
$
430,752

 
$
3,779

 
$
3,208

 
$
437,739

 
$
431,947

 
$
4,197

 
$
3,065

 
$
439,209