Reinsurance

3 Months Ended

Mar. 31, 2014

Reinsurance

Reinsurance

7.  Reinsurance

The effects of reinsurance on premiums and contract charges for the three months ended March 31 are as follows:

($ in millions)		2014		2013
Direct	$	521	$	515
Assumed
Affiliate		33		30
Non-affiliate		16		17
Ceded-non-affiliate		(147)		(153)
Premiums and contract charges, net of reinsurance	$	423	$	409

The effects of reinsurance on contract benefits for the three months ended March 31 are as follows:

($ in millions)		2014		2013
Direct	$	493	$	430
Assumed
Affiliate		23		22
Non-affiliate		13		13
Ceded-non-affiliate		(118)		(84)
Contract benefits, net of reinsurance	$	411	$	381

The effects of reinsurance on interest credited to contractholder funds for the three months ended March 31 are as follows:

($ in millions)		2014		2013
Direct	$	298	$	335
Assumed
Affiliate		2		2
Non-affiliate		7		7
Ceded-non-affiliate		(7)		(5)
Interest credited to contractholder funds, net of reinsurance	$	300	$	339