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REINSURANCE (Tables) | 9 Months Ended
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Sep. 30, 2021
Reinsurance Disclosures [Abstract] |
Effects of Reinsurance | The following table reconciles direct premium income and direct benefits and claims to net amounts after the effect of reinsurance which also includes the elimination of inter-segment amounts associated with affiliated reinsurance.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions) | 2021 |  | 2020 |  | 2021 |  | 2020
Direct premium income |  | $ | 4,426 |  |  |  |  | $ | 4,711 |  |  |  |  | $ | 13,567 |  |  |  |  | $ | 14,236 |  |
Ceded to other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ceded Aflac Japan closed blocks |  | (107) |  |  |  |  | (116) |  |  |  |  | (329) |  |  |  |  | (349) |  |
Other |  | (19) |  |  |  |  | (22) |  |  |  |  | (54) |  |  |  |  | (69) |  |
Assumed from other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retrocession activities |  | 45 |  |  |  |  | 49 |  |  |  |  | 138 |  |  |  |  | 146 |  |
Other |  | 27 |  |  |  |  | 1 |  |  |  |  | 84 |  |  |  |  | 5 |  |
Net premium income |  | $ | 4,372 |  |  |  |  | $ | 4,623 |  |  |  |  | $ | 13,406 |  |  |  |  | $ | 13,969 |  |
Direct benefits and claims |  | $ | 2,649 |  |  |  |  | $ | 3,051 |  |  |  |  | $ | 8,112 |  |  |  |  | $ | 9,054 |  |
Ceded benefits and change in reserves for future benefits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ceded Aflac Japan closed blocks |  | (94) |  |  |  |  | (103) |  |  |  |  | (288) |  |  |  |  | (314) |  |
Eliminations |  | 8 |  |  |  |  | 10 |  |  |  |  | 24 |  |  |  |  | 29 |  |
Other |  | (9) |  |  |  |  | (10) |  |  |  |  | (25) |  |  |  |  | (54) |  |
Assumed from other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retrocession activities |  | 42 |  |  |  |  | 47 |  |  |  |  | 126 |  |  |  |  | 133 |  |
Eliminations |  | (8) |  |  |  |  | (10) |  |  |  |  | (24) |  |  |  |  | (29) |  |
Other |  | 21 |  |  |  |  | 0 |  |  |  |  | 71 |  |  |  |  | 3 |  |
Benefits and claims, net |  | $ | 2,609 |  |  |  |  | $ | 2,985 |  |  |  |  | $ | 7,996 |  |  |  |  | $ | 8,822 |  |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 + Details
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- References No definition available. + Details
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