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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2019
Insurance [Abstract]  
Effects of Reinsurance
Information regarding the effect of reinsurance on the Consolidated Balance Sheets is as follows as of the periods indicated:
 
December 31, 2019
 
Direct
 
Assumed
 
Ceded
 
Total,
Net of
Reinsurance
Assets
 
 
 
 
 
 
 
Premiums receivable
$
125

 
$
12

 
$
(87
)
 
$
50

Reinsurance recoverable
—

 
—

 
3,682

 
3,682

Total
$
125

 
$
12

 
$
3,595

 
$
3,732

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Future policy benefits and contract owner account balances
$
49,757

 
$
1,111

 
$
(3,682
)
 
$
47,186

Liability for funds withheld under reinsurance agreements
88

 
—

 
—

 
88

Total
$
49,845

 
$
1,111

 
$
(3,682
)
 
$
47,274

 
 
 
 
 
 
 
 
 
December 31, 2018
 
Direct
 
Assumed
 
Ceded
 
Total,
Net of
Reinsurance
Assets
 
 
 
 
 
 
 
Premiums receivable
$
121

 
$
11

 
$
(85
)
 
$
47

Reinsurance recoverable
—

 
—

 
3,796

 
3,796

Total
$
121

 
$
11

 
$
3,711

 
$
3,843

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Future policy benefits and contract owner account balances
$
49,568

 
$
1,202

 
$
(3,796
)
 
$
46,974

Liability for funds withheld under reinsurance agreements
(5
)
 
—

 
—

 
(5
)
Total
$
49,563

 
$
1,202

 
$
(3,796
)
 
$
46,969


Information regarding the effect of reinsurance on the Consolidated Statement of Operations is as follows for the periods indicated:
 
Year ended December 31,


2019
 
2018
 
2017
Premiums:
 
 
 
 
 
Direct premiums
$
2,759

 
$
2,602

 
$
2,597

Reinsurance assumed
827

 
956

 
1,152

Reinsurance ceded
(1,313
)
 
(1,426
)
 
(1,652
)
Net premiums
$
2,273

 
$
2,132

 
$
2,097

 
 
 
 
 
 
Fee income:
 
 
 
 
 
Gross fee income
$
1,970

 
$
1,983

 
$
1,890

Reinsurance ceded
(1
)
 
(1
)
 
(1
)
Net fee income
$
1,969

 
$
1,982

 
$
1,889

 
 
 
 
 
 
Interest credited and other benefits to contract owners / policyholders:
 
 
 
 
 
Direct interest credited and other benefits to contract owners / policyholders
$
4,186

 
$
3,912

 
$
4,090

Reinsurance assumed
9

 
554

 
23

Reinsurance ceded(1)
(445
)
 
(940
)
 
(455
)
Net interest credited and other benefits to contract owners / policyholders
$
3,750

 
$
3,526

 
$
3,658


(1) Includes $232, $216 and $219 for amounts paid to reinsurers in connection with the Company's UL contracts for the years ended December 31, 2019, 2018 and 2017, respectively.