Reinsurance (Tables)

12 Months Ended

Dec. 31, 2018

Reinsurance assets are measured using the amounts and assumptions associated with the underlying insurance contracts and in accordance with the terms of each reinsurance contract. Reinsurance assets are comprised of the following:



As at December 31, 2018	SLF Canada				SLF U.S.			SLF Asia		Corporate⁽¹⁾			Total
Individual participating life		$	20			$	10	$	180		$	—	$	210
Individual non-participating life and health		(205		)		1,076		36			21		928
Group life and health		358				1,848		2			—		2,208
Individual annuities		—				—		—			186		186
Group annuities		121				—		—			—		121
Reinsurance assets before other policy assets		294				2,934		218			207		3,653
Add: Other policy assets⁽²⁾		80				307		42			59		488
Total Reinsurance assets		$	374			$	3,241	$	260		$	266	$	4,141


⁽¹⁾	Primarily business from the U.K. and run-off reinsurance operations. Includes U.K. business of $21 for Individual non-participating life and health, and $47 for Individual annuities.


⁽²⁾	Consists of amounts on deposit, policy benefits payable, provisions for unreported claims, provisions for policyholder dividends, and provisions for experience rating refunds.



As at December 31, 2017	SLF Canada			SLF U.S.⁽¹⁾				SLF Asia⁽¹⁾			Corporate⁽²⁾			Total
Individual participating life		$	4		$	(33	)		$	207		$	—	$	178
Individual non-participating life and health		129			809				73			22		1,033
Group life and health		342			1,626				2			—		1,970
Individual annuities		—			—				—			195		195
Group annuities		127			—				—			—		127
Reinsurance assets before other policy assets		602			2,402				282			217		3,503
Add: Other policy assets⁽³⁾		85			353				32			55		525
Total Reinsurance assets		$	687		$	2,755			$	314		$	272	$	4,028

⁽¹⁾ Balances in 2017 have been changed to conform with current year presentation as a result of the resegmentation described in Note 4.


⁽²⁾	Primarily business from the U.K. and run-off reinsurance operations. Includes U.K. business of $22 for Individual non-participating life and health, and $58 for Individual annuities.


⁽³⁾	Consists of amounts on deposit, policy benefits payable, provisions for unreported claims, provisions for policyholder dividends, and provisions for experience rating refunds.

Schedule of Reinsurance Expenses and Benefits

Reinsurance (expenses) recoveries are comprised of the following:



For the years ended December 31,	2018			2017
Recovered claims and benefits		$	1,839		$	3,704
Commissions		74			85
Reserve adjustments		25			224
Operating expenses and other		83			360
Reinsurance (expenses) recoveries		$	2,021		$	4,373