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Reinsurance
 12 Months Ended
Dec. 31, 2018
Insurance [Abstract]  
Reinsurance
(17)

Reinsurance

The following table summarizes the effects of reinsurance on life, accident and health insurance in force and premiums for the years ended:

 

     December 31,  

(in millions)

    2018      2017      2016  

Premiums

         

Direct

    $ 1,057      $ 962      $ 1,011  

Assumed from other companies

      83        —          —    

Ceded to other companies1

      (445 )       (329 )       (369 ) 
  

 

 

     

 

 

     

 

 

  

Net

    $ 695      $ 633      $ 642  
  

 

 

     

 

 

     

 

 

  

Life, accident and health insurance in force

         

Direct

    $ 303,578      $ 291,984      $ 275,404  

Assumed from other companies

      2        2        2  

Ceded to other companies

      (64,852 )       (62,714 )       (61,674 ) 
  

 

 

     

 

 

     

 

 

  

Net

    $ 238,728      $ 229,272      $ 213,732  
  

 

 

     

 

 

     

 

 

  

 

1 

Amount includes revenues ceded to NMIC of $257 million, $158 million and $209 million for the years ended December 31, 2018, 2017 and 2016, respectively, under a modified coinsurance agreement whereby all of the Company’s accident and health business not ceded to unaffiliated reinsurers is ceded to NMIC.

Amounts recoverable under reinsurance contracts totaled $1.0 billion, $1.1 billion and $683 million as of December 31, 2018, 2017 and 2016, respectively, and are included in other assets in the consolidated balance sheets.