Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2020

Information regarding the significant effects of affiliated reinsurance on the interim condensed consolidated statements of operations and comprehensive income (loss) was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(In millions)
Premiums
Reinsurance assumed	$	2	$	2	$	6	$	7
Reinsurance ceded	(26)		(27)		(84)		(86)
Net premiums	$	(24)	$	(25)	$	(78)	$	(79)
Universal life and investment-type product policy fees
Reinsurance assumed	$	—	$	—	$	—	$	—
Reinsurance ceded	(1)		(3)		(3)		(12)
Net universal life and investment-type product policy fees	$	(1)	$	(3)	$	(3)	$	(12)
Other revenues
Reinsurance assumed	$	(3)	$	(7)	$	(12)	$	(16)
Reinsurance ceded	143		136		394		402
Net other revenues	$	140	$	129	$	382	$	386
Policyholder benefits and claims
Reinsurance assumed	$	—	$	1	$	1	$	3
Reinsurance ceded	(45)		(60)		(114)		(118)
Net policyholder benefits and claims	$	(45)	$	(59)	$	(113)	$	(115)
Interest credited to policyholder account balances
Reinsurance assumed	$	7	$	7	$	21	$	22
Reinsurance ceded	(3)		(2)		(9)		(8)
Net interest credited to policyholder account balances	$	4	$	5	$	12	$	14
Other expenses
Reinsurance assumed	$	—	$	—	$	—	$	—
Reinsurance ceded	128		138		382		402
Net other expenses	$	128	$	138	$	382	$	402

Information regarding the significant effects of affiliated reinsurance on the interim condensed consolidated balance sheets was as follows at:


	September 30, 2020				December 31, 2019
	Assumed		Ceded		Assumed		Ceded
	(In millions)
Assets
Premiums, reinsurance and other receivables	$	1	$	12,495	$	—	$	12,584
Deferred policy acquisition costs and value of business acquired	—		(149)		—		(160)
Total assets	$	1	$	12,346	$	—	$	12,424
Liabilities
Future policy benefits	$	51	$	(15)	$	55	$	(6)
Policyholder account balances	125		—		131		—
Other policy-related balances	1		5		1		9
Other liabilities	860		12,876		824		12,695
Total liabilities	$	1,037	$	12,866	$	1,011	$	12,698