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Reinsurance
 6 Months Ended
Jun. 30, 2015
Reinsurance Disclosures [Abstract]  
Reinsurance
Reinsurance
The effects of reinsurance on premiums and contract charges are as follows:
($ in millions)
Three months ended June 30,
 
Six months ended June 30,
 
2015
 
2014
 
2015
 
2014
Direct
$
183

 
$
187

 
$
366

 
$
708

Assumed


 


 
 
 
 
Affiliate
33

 
32

 
65

 
65

Non-affiliate
209

 
195

 
419

 
211

Ceded
 
 
 
 
 
 
 
Affiliate
(14
)
 
—

 
(14
)
 
—

Non-affiliate
(81
)
 
(78
)
 
(161
)
 
(225
)
Premiums and contract charges, net of reinsurance
$
330

 
$
336

 
$
675

 
$
759






The effects of reinsurance on contract benefits are as follows:
($ in millions)
Three months ended June 30,
 
Six months ended June 30,
 
2015
 
2014
 
2015
 
2014
Direct
$
247

 
$
253

 
$
521

 
$
746

Assumed


 


 
 
 
 
Affiliate
20

 
23

 
39

 
46

Non-affiliate
135

 
129

 
270

 
142

Ceded
 
 
 
 
 
 
 
Affiliate
(11
)
 
—

 
(11
)
 
—

Non-affiliate
(45
)
 
(71
)
 
(115
)
 
(189
)
Contract benefits, net of reinsurance
$
346

 
$
334

 
$
704

 
$
745


The effects of reinsurance on interest credited to contractholder funds are as follows:
($ in millions)
Three months ended June 30,
 
Six months ended June 30,
 
2015
 
2014
 
2015
 
2014
Direct
$
158

 
$
191

 
$
316

 
$
489

Assumed


 


 
 
 
 
Affiliate
2

 
2

 
5

 
4

Non-affiliate
25

 
20

 
61

 
27

Ceded
 
 
 
 
 
 
 
Affiliate
(5
)
 
—

 
(5
)
 
—

Non-affiliate
(6
)
 
(8
)
 
(12
)
 
(15
)
Interest credited to contractholder funds, net of reinsurance
$
174

 
$
205

 
$
365

 
$
505