XML 97 R86.htm IDEA: XBRL DOCUMENT v3.24.2.u1
REINSURANCE - Effect of Reinsurance on Premiums and Benefits and Claims (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Effects of Reinsurance [Line Items]        
Direct earned premiums $ 3,352 $ 3,623 $ 6,834 $ 7,361
Ceded premiums (66) (103) (135) (210)
Net earned premiums [1] 3,325 3,573 6,781 7,262
Direct benefits and claims, excluding reserve remeasurement 1,995 2,182 4,077 4,438
Benefits and claims, excluding reserve remeasurement 1,972 2,152 4,039 4,354
Reserve remeasurement (gains) losses, direct (51) (54) (108) (107)
Reserve remeasurement gains (losses), ceded 0 0 1 0
Reserve remeasurement (gains) losses, assumed 0 0 0 0
Reserve remeasurement (gains) losses (51) (54) (107) (107)
Benefits and claims, net 1,921 2,098 3,932 4,247
All other        
Effects of Reinsurance [Line Items]        
Ceded premiums (35) (23) (70) (45)
Assumed premiums earned 12 23 26 47
Ceded benefits and claims (19) 6 (33) (21)
Assumed benefits and claims from other companies 1 18 5 27
Aflac Japan | Closed Block        
Effects of Reinsurance [Line Items]        
Ceded premiums (31) (80) (65) (165)
Assumed premiums earned 27 30 56 64
Ceded benefits and claims (17) (74) (35) (151)
Assumed benefits and claims from other companies $ 12 $ 20 $ 25 $ 61
[1] Includes a gain (loss) of $(2) and $(1) for the three-month periods and $(5) and $(1) for the six-month periods ended June 30, 2024 and 2023, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.