XML 56 R42.htm IDEA: XBRL DOCUMENT v3.19.1
Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2018
Insurance [Abstract]  
Summary of the Effects of Reinsurance on Life, Accident and Health Insurance

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.