XML 27 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2019
Effects of Reinsurance [Line Items]  
Effect of reinsurance
The amounts on the consolidated statements of operations include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows:
 
 
Years Ended December 31,
 
 
2019
 
2018
 
2017
 
 
(In millions)
Premiums
 
 
 
 
 
 
Direct premiums
 
$
1,651

 
$
1,699

 
$
1,795

Reinsurance assumed
 
10

 
11

 
11

Reinsurance ceded
 
(779
)
 
(810
)
 
(943
)
   Net premiums
 
$
882

 
$
900

 
$
863

Universal life and investment-type product policy fees
 
 
 
 
 
 
Direct universal life and investment-type product policy fees
 
$
4,048

 
$
4,296

 
$
4,430

Reinsurance assumed
 
72

 
95

 
96

Reinsurance ceded
 
(540
)
 
(556
)
 
(628
)
   Net universal life and investment-type product policy fees
 
$
3,580

 
$
3,835

 
$
3,898

Other revenues
 
 
 
 
 
 
Direct other revenues
 
$
366

 
$
373

 
$
576

Reinsurance assumed
 
1

 
—

 
28

Reinsurance ceded
 
22

 
24

 
47

   Net other revenues
 
$
389

 
$
397

 
$
651

Policyholder benefits and claims
 
 
 
 
 
 
Direct policyholder benefits and claims
 
$
5,441

 
$
4,891

 
$
5,228

Reinsurance assumed
 
36

 
32

 
31

Reinsurance ceded
 
(1,807
)
 
(1,651
)
 
(1,623
)
   Net policyholder benefits and claims
 
$
3,670

 
$
3,272

 
$
3,636


The amounts on the consolidated balance sheets include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows at:
 
December 31,
 
2019
 
2018
 
Direct
 
Assumed
 
Ceded
 
Total
Balance
Sheet
 
Direct
 
Assumed
 
Ceded
 
Total
Balance
Sheet
 
(In millions)
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums, reinsurance and other receivables
$
631

 
$
14

 
$
14,115

 
$
14,760

 
$
649

 
$
39

 
$
13,009

 
$
13,697

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Policyholder account balances
$
43,154

 
$
2,617

 
$
—

 
$
45,771

 
$
38,696

 
$
1,358

 
$
—

 
$
40,054

Other policy-related balances
$
1,447

 
$
1,664

 
$
—

 
$
3,111

 
$
1,337

 
$
1,663

 
$
—

 
$
3,000

Other liabilities
$
4,106

 
$
32

 
$
1,098

 
$
5,236

 
$
3,545

 
$
33

 
$
707

 
$
4,285


Information regarding the significant effects of reinsurance with former MetLife affiliates included on the consolidated statements of operations was as follows:
 
Years Ended December 31,
 
2018
 
2017
 
(In millions)
Premiums
 
 
 
Reinsurance assumed
$
6

 
$
11

Reinsurance ceded
(201
)
 
(537
)
   Net premiums
$
(195
)
 
$
(526
)
Universal life and investment-type product policy fees
 
 
 
Reinsurance assumed
$
45

 
$
96

Reinsurance ceded
1

 
(14
)
   Net universal life and investment-type product policy fees
$
46

 
$
82

Other revenues
 
 
 
Reinsurance assumed
$
—

 
$
27

Reinsurance ceded
18

 
44

   Net other revenues
$
18

 
$
71

Policyholder benefits and claims
 
 
 
Reinsurance assumed
$
9

 
$
30

Reinsurance ceded
(178
)
 
(420
)
   Net policyholder benefits and claims
$
(169
)
 
$
(390
)