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Reinsurance (Tables) | 12 Months Ended
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Dec. 31, 2023
Reinsurance Disclosures [Abstract] |
Schedule of Reinsurance Recoverables | Reinsurance recoverables (recorded as other current assets or other assets on the consolidated balance sheets) at December 31, 2023 and 2022 were as follows:
In millions | 2023 |  | 2022
Reinsurer |  |  |
Hartford Life and Accident Insurance Company | $ | 1,314 |  |  | $ | 1,549 |
Lincoln Life & Annuity Company of New York | 480 |  |  | 385 |
VOYA Retirement Insurance and Annuity Company | — |  |  | 159 |
Fresenius Medical Care Reinsurance Company (Cayman) Ltd. | 54 |  |  | 102 |
Resolution Life Group Holdings Ltd. | 35 |  |  | — |
All Other | 115 |  |  | 55 |
Total | $ | 1,998 |  |  | $ | 2,250 |
Schedule of Effects of Reinsurance | Direct, assumed and ceded premiums earned for the years ended December 31, 2023, 2022 and 2021 were as follows:
In millions | 2023 |  | 2022 |  | 2021
Direct | $ | 99,753 |  |  | $ | 85,670 |  |  | $ | 76,320 |
Assumed | 350 |  |  | 432 |  |  | 492 |
Ceded | (911) |  |  | (772) |  |  | (680) |
Net premiums | $ | 99,192 |  |  | $ | 85,330 |  |  | $ | 76,132 |
The impact of reinsurance on benefit costs for the years ended December 31, 2023, 2022 and 2021 was as follows:
In millions | 2023 |  | 2022 |  | 2021
Direct | $ | 86,738 |  |  | $ | 71,357 |  |  | $ | 64,339 |
Assumed | 223 |  |  | 379 |  |  | 398 |
Ceded | (714) |  |  | (663) |  |  | (549) |
Net benefit costs | $ | 86,247 |  |  | $ | 71,073 |  |  | $ | 64,188 |

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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 605 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479655/944-605-50-1 + Details
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- Definition Tabular disclosure of reinsurer or group of reinsurers for whom the entity has a concentration of credit risk. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 1B -SubTopic 825 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479383/944-825-50-1B + Details
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