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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2019
Reinsurance Disclosures [Abstract]  
Reinsurance Information
Reinsurance amounts included in the Consolidated Statements of Operations for premiums, policy charges and fee income, and policyholders’ benefits for the years ended December 31, are as follows:
 
 
2019
 
2018
 
2017
 
(in millions)
Direct premiums
$
33,260

 
$
35,048

 
$
31,797

Reinsurance assumed
3,022

 
2,574

 
2,105

Reinsurance ceded
(2,080
)
 
(1,843
)
 
(1,811
)
Premiums
$
34,202

 
$
35,779

 
$
32,091

 
 
 
 
 
 
Direct policy charges and fee income
$
5,252

 
$
5,245

 
$
4,541

Reinsurance assumed
1,181

 
1,189

 
1,176

Reinsurance ceded
(455
)
 
(432
)
 
(414
)
Policy charges and fee income
$
5,978

 
$
6,002

 
$
5,303

 
 
 
 
 
 
Direct policyholders’ benefits
$
35,601

 
$
38,079

 
$
33,261

Reinsurance assumed
4,304

 
3,659

 
3,230

Reinsurance ceded
(3,085
)
 
(2,334
)
 
(2,697
)
Policyholders’ benefits
$
36,820

 
$
39,404

 
$
33,794
Reinsurance Recoverables
Reinsurance recoverables at December 31, are as follows:
 
 
2019
 
2018
 
(in millions)
Individual and group annuities(1)
$
688

 
$
499

Life insurance(2)
5,535

 
4,335

Other reinsurance
403

 
162

Total reinsurance recoverables
$
6,626

 
$
4,996

__________
(1)
Primarily represents reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the retirement business of CIGNA. The Company has recorded reinsurance recoverables related to the acquisition of the retirement business of CIGNA of $553 million and $481 million at December 31, 2019 and 2018, respectively. Also included is $95 million and $15 million of reinsurance recoverables at December 31, 2019 and 2018, respectively, established under the reinsurance agreement with Union Hamilton related to the ceding of certain embedded derivative liabilities associated with the Company’s guaranteed benefits.
(2)
Includes $2,105 million and $2,035 million of reinsurance recoverables established at December 31, 2019 and 2018, respectively, under the reinsurance arrangements associated with the acquisition of the Hartford Life Business. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,290 million and $1,259 million at December 31, 2019 and 2018, respectively