Reinsurance (Tables)

12 Months Ended

Dec. 31, 2019

Reinsurance Disclosures [Abstract]

Ceded Credit Risk [Table Text Block]

The following table presents information for the Company’s ceded reinsurance receivable assets, including the respective amount and A.M. Best rating for each reinsurer representing in excess of five percent of the total as of December 31, 2019 or 2018 (dollars in millions):

		2019				2018
Reinsurer	A.M. Best Rating	Amount		% of Total		Amount		% of Total
Reinsurer A	A+	$	367	40.6	%	$	303	40.0	%
Reinsurer B	A+	208		23.0		193		25.5
Reinsurer C	A	84		9.3		70		9.2
Reinsurer D	A++	53		5.9		37		4.8
Reinsurer E	A+	43		4.8		40		5.3
Other reinsurers		149		16.4		115		15.2
Total		$	904	100.0	%	$	758	100.0	%

Reinsurance Premium And Effect On Claims And Other Policy Benefits [Table Text Block]

The effect of reinsurance on net premiums is as follows (dollars in millions):

Years ended December 31,	2019			2018			2017
Direct insurance	$	76		$	63		$	62
Reinsurance assumed	12,150			11,341			10,642
Reinsurance ceded	(929		)	(860		)	(863		)
Net premiums	$	11,297		$	10,544		$	9,841

The effect of reinsurance on claims and other policy benefits as follows (dollars in millions):

Years ended December 31,	2019			2018			2017
Direct insurance	$	113		$	107		$	104
Reinsurance assumed	11,404			9,997			9,282
Reinsurance ceded	(1,320		)	(785		)	(867		)
Net claims and other policy benefits	$	10,197		$	9,319		$	8,519

Reinsurance Information [Table Text Block]

The effect of reinsurance on life insurance in force is shown in the following schedule (dollars in millions):

	Direct		Assumed		Ceded		Net		Assumed/Net %
December 31, 2019	$	1,316	$	3,480,206	$	192,864	$	3,288,658	105.8	%
December 31, 2018	1,363		3,329,181		186,172		3,144,372		105.9
December 31, 2017	1,462		3,297,275		205,529		3,093,208		106.6