Reinsurance (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024
	Direct		Assumed		Ceded		Total, Net of Reinsurance
Assets
Premium receivable	$	205	$	10	$	(238)	$	(23)
Reinsurance recoverable, net of allowance for credit losses	—		—		11,307		11,307
Total	$	205	$	10	$	11,069	$	11,284
Liabilities
Future policy benefits and contract owner account balances	$	45,540	$	896	$	—	$	46,436
Liability for funds withheld under reinsurance agreements	103		—		—		103
Total	$	45,643	$	896	$	—	$	46,539

	December 31, 2023
	Direct		Assumed		Ceded		Total, Net of Reinsurance
Assets
Premium receivable	$	193	$	9	$	(219)	$	(17)
Reinsurance recoverable, net of allowance for credit losses	—		—		11,999		11,999
Total	$	193	$	9	$	11,780	$	11,982
Liabilities
Future policy benefits and contract owner account balances	$	47,781	$	953	$	—	$	48,734
Liability for funds withheld under reinsurance agreements	103		—		—		103
Total	$	47,884	$	953	$	—	$	48,837

Information regarding the effect of reinsurance on the Consolidated Statements of Operations is as follows for the periods indicated:

	Year Ended December 31,
	2024		2023		2022
Premiums:
Direct premiums	$	4,084	$	3,599	$	3,257
Reinsurance assumed	21		26		25
Reinsurance ceded	(929)		(908)		(859)
Net premiums	$	3,176	$	2,717	$	2,423
Fee income:
Gross fee income	$	2,494	$	2,303	$	2,137
Reinsurance assumed	16		17		18
Reinsurance ceded	(397)		(404)		(413)
Net fee income	$	2,113	$	1,916	$	1,742
Interest credited and other benefits to contract owners / policyholders:
Direct interest credited and other benefits to contract owners / policyholders	$	4,931	$	4,322	$	4,448
Reinsurance assumed	60		64		50
Reinsurance ceded	(1,372)		(1,350)		(1,970)
Net interest credited and other benefits to contract owners / policyholders	$	3,619	$	3,036	$	2,528