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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2015
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,
 
 
2015
 
2014
 
2013
 
 
(In millions)
Premiums
 
 
 
 
 
 
Direct premiums
 
$
39,516

 
$
40,049

 
$
38,476

Reinsurance assumed
 
1,454

 
1,472

 
1,472

Reinsurance ceded
 
(2,425
)
 
(2,454
)
 
(2,274
)
Net premiums
 
$
38,545

 
$
39,067

 
$
37,674

Universal life and investment-type product policy fees
 
 
 
 
 
 
Direct universal life and investment-type product policy fees
 
$
10,424

 
$
10,768

 
$
10,197

Reinsurance assumed
 
105

 
126

 
139

Reinsurance ceded
 
(1,022
)
 
(948
)
 
(885
)
Net universal life and investment-type product policy fees
 
$
9,507

 
$
9,946

 
$
9,451

Policyholder benefits and claims
 
 
 
 
 
 
Direct policyholder benefits and claims
 
$
41,233

 
$
41,573

 
$
40,211

Reinsurance assumed
 
1,023

 
962

 
1,047

Reinsurance ceded
 
(3,542
)
 
(3,433
)
 
(3,151
)
Net policyholder benefits and claims
 
$
38,714

 
$
39,102

 
$
38,107

Other expenses
 
 
 
 
 
 
Direct other expenses
 
$
16,968

 
$
17,334

 
$
16,712

Reinsurance assumed
 
130

 
165

 
147

Reinsurance ceded
 
(329
)
 
(408
)
 
(257
)
Net other expenses
 
$
16,769

 
$
17,091

 
$
16,602

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,
 
2015
 
2014
 
Direct
 
Assumed
 
Ceded
 
Total
Balance
Sheet
 
Direct
 
Assumed
 
Ceded
 
Total
Balance
Sheet
 
(In millions)
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums, reinsurance and other receivables
$
6,044

 
$
555

 
$
16,103

 
$
22,702

 
$
6,111

 
$
491

 
$
15,642

 
$
22,244

Deferred policy acquisition costs and value of business acquired
24,490

 
120

 
(480
)
 
24,130

 
24,807

 
112

 
(477
)
 
24,442

Total assets
$
30,534

 
$
675

 
$
15,623

 
$
46,832

 
$
30,918

 
$
603

 
$
15,165

 
$
46,686

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Future policy benefits
$
189,817

 
$
2,062

 
$
—

 
$
191,879

 
$
187,562

 
$
2,024

 
$
—

 
$
189,586

Policyholder account balances
201,748

 
975

 
(1
)
 
202,722

 
208,307

 
989

 
(2
)
 
209,294

Other policy-related balances
13,939

 
310

 
6

 
14,255

 
14,131

 
285

 
6

 
14,422

Other liabilities
19,800

 
472

 
3,289

 
23,561

 
20,752

 
481

 
3,204

 
24,437

Total liabilities
$
425,304

 
$
3,819

 
$
3,294

 
$
432,417

 
$
430,752

 
$
3,779

 
$
3,208

 
$
437,739