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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2021
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 $1 million per life
Schedule of reinsurance premium ceded
The amounts ceded to Prudential for the years ended December 31 are as follows:
($ in millions)202120202019
Premiums and contract charges$74 $64 $65 
Contract benefits31 46 (4)
Interest credited to contractholder funds18 20 19 
Operating costs and expenses13 12 12 
Schedule of effects of reinsurance on premiums and contract charges
The effects of reinsurance on premiums and contract charges for the years ended December 31 are as follows: 
($ in millions)202120202019
Direct$670 $652 $748 
Assumed
Affiliate359 241 231 
Non-affiliate649 671 699 
Ceded
Affiliate(19)(44)(49)
Non-affiliate(242)(227)(270)
Premiums and contract charges, net of reinsurance$1,417 $1,293 $1,359 
Schedule of effects of reinsurance on contract benefits
The effects of reinsurance on contract benefits for the years ended December 31 are as follows:
($ in millions)202120202019
Direct$1,160 $1,238 $1,038 
Assumed
Affiliate245 157 137 
Non-affiliate585 510 493 
Ceded
Affiliate(114)(37)(35)
Non-affiliate(157)(139)(152)
Contract benefits, net of reinsurance$1,719 $1,729 $1,481 
Schedule of effects of reinsurance on interest credited to contractholder funds
The effects of reinsurance on interest credited to contractholder funds for the years ended December 31 are as follows:
($ in millions)202120202019
Direct$376 $452 $463 
Assumed
Affiliate13 9 8 
Non-affiliate91 162 154 
Ceded
Affiliate(19)(18)(20)
Non-affiliate(26)(26)(20)
Interest credited to contractholder funds, net of reinsurance$435 $579 $585 
Summary of reinsurance recoverables on paid and unpaid benefits
Reinsurance recoverables, net of allowance, as of December 31 are summarized in the following table.
($ in millions)20212020
Annuities$3,230 $1,282 
Life insurance3,349 660 
Other66 47 
Total$6,645 $1,989 
Schedule of rollforward of credit loss allowance for reinsurance recoverables
The following table shows the rollforward of the credit loss allowance for reinsurance recoverables for the year ended December 31.
($ in millions)20212020
Beginning balance $(15)$(3)
Cumulative effect of change in accounting principle— (11)
Increase in the provision for credit losses(1)(1)
Decrease related to sale of ALNY1 — 
Ending Balance$(15)$(15)