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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2019
Reinsurance Disclosures [Abstract]  
Summary of retention limits by period of policy issuance The following table summarizes those retention limits by period of policy issuance.
Period
 
Retention limits
April 2015 through current
 
Single life: $2 million per life
Joint life: no longer offered
April 2011 through March 2015
 
Single life: $5 million per life, $3 million age 70 and over, and $10 million for contracts that meet specific criteria
Joint life: $8 million per life, and $10 million for contracts that meet specific criteria
July 2007 through March 2011
 
$5 million per life, $3 million age 70 and over, and $10 million for contracts that meet specific criteria
September 1998 through June 2007
 
$2 million per life, in 2006 the limit was increased to $5 million for instances when specific criteria were met
August 1998 and prior
 
Up to $1 million per life
Schedule of reinsurance premium ceded [Table Text Block]
The amounts ceded to Prudential for the years ended December 31 are as follows:
($ in millions)
2019
 
2018
 
2017
Premiums and contract charges
$
65

 
$
72

 
$
76

Contract benefits
4

 
87

 
7

Interest credited to contractholder funds
19

 
20

 
20

Operating costs and expenses
12

 
14

 
15
Effects of reinsurance on premiums and contract charges
The effects of reinsurance on premiums and contract charges for the years ended December 31 are as follows: 
($ in millions)
2019
 
2018
 
2017
Direct
$
748

 
$
743

 
$
734

Assumed
 
 
 
 
 
Affiliate
231

 
241

 
227

Non-affiliate
699

 
741

 
772

Ceded
 
 
 
 
 
Affiliate
(49
)
 
(51
)
 
(52
)
Non-affiliate
(270
)
 
(275
)
 
(288
)
Premiums and contract charges, net of reinsurance
$
1,359

 
$
1,399

 
$
1,393
Effects of reinsurance on contract benefits
The effects of reinsurance on contract benefits for the years ended December 31 are as follows:
($ in millions)
2019
 
2018
 
2017
Direct
$
1,038

 
$
1,062

 
$
1,003

Assumed
 
 
 
 
 
Affiliate
137

 
149

 
130

Non-affiliate
493

 
484

 
505

Ceded
 
 
 
 
 
Affiliate
(35
)
 
(35
)
 
(33
)
Non-affiliate
(152
)
 
(214
)
 
(175
)
Contract benefits, net of reinsurance
$
1,481

 
$
1,446

 
$
1,430
Effects of reinsurance on interest credited to contractholder funds
The effects of reinsurance on interest credited to contractholder funds for the years ended December 31 are as follows:
($ in millions)
2019
 
2018
 
2017
Direct
$
463

 
$
533

 
$
546

Assumed
 
 
 
 
 
Affiliate
8

 
8

 
8

Non-affiliate
154

 
104

 
131

Ceded
 
 
 
 
 
Affiliate
(20
)
 
(20
)
 
(21
)
Non-affiliate
(20
)
 
(24
)
 
(25
)
Interest credited to contractholder funds, net of reinsurance
$
585

 
$
601

 
$
639
Summary of reinsurance recoverables on paid and unpaid benefits
Reinsurance recoverables on paid and unpaid benefits as of December 31 are summarized in the following table.
($ in millions)
2019
 
2018
Annuities
$
1,293

 
$
1,369

Life insurance
1,145

 
1,183

Other
52

 
53

Total
$
2,490

 
$
2,605