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REINSURANCE (Tables) | 9 Months Ended
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Sep. 30, 2022
Reinsurance Disclosures [Abstract] |
Effects of Reinsurance | The following table reconciles direct premiums 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) | 2022 |  | 2021 |  | 2022 |  | 2021
Direct earned premiums |  | $ | 3,681 |  |  |  |  | $ | 4,426 |  |  |  |  | $ | 11,772 |  |  |  |  | $ | 13,567 |  |
Ceded to other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ceded Aflac Japan closed blocks |  | (80) |  |  |  |  | (107) |  |  |  |  | (266) |  |  |  |  | (329) |  |
Other |  | (20) |  |  |  |  | (19) |  |  |  |  | (55) |  |  |  |  | (54) |  |
Assumed from other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retrocession activities |  | 35 |  |  |  |  | 45 |  |  |  |  | 112 |  |  |  |  | 138 |  |
Other |  | 35 |  |  |  |  | 27 |  |  |  |  | 116 |  |  |  |  | 84 |  |
Net earned premiums |  | $ | 3,651 |  |  |  |  | $ | 4,372 |  |  |  |  | $ | 11,679 |  |  |  |  | $ | 13,406 |  |
Direct benefits and claims |  | $ | 2,385 |  |  |  |  | $ | 2,649 |  |  |  |  | $ | 7,209 |  |  |  |  | $ | 8,112 |  |
Ceded benefits and change in reserves for future benefits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ceded Aflac Japan closed blocks |  | (103) |  |  |  |  | (94) |  |  |  |  | (276) |  |  |  |  | (288) |  |
Eliminations |  | 5 |  |  |  |  | 8 |  |  |  |  | 17 |  |  |  |  | 24 |  |
Other |  | (9) |  |  |  |  | (9) |  |  |  |  | (28) |  |  |  |  | (25) |  |
Assumed from other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retrocession activities |  | 43 |  |  |  |  | 42 |  |  |  |  | 115 |  |  |  |  | 126 |  |
Eliminations |  | (5) |  |  |  |  | (8) |  |  |  |  | (17) |  |  |  |  | (24) |  |
Other |  | 24 |  |  |  |  | 21 |  |  |  |  | 105 |  |  |  |  | 71 |  |
Benefits and claims, net |  | $ | 2,340 |  |  |  |  | $ | 2,609 |  |  |  |  | $ | 7,125 |  |  |  |  | $ | 7,996 |  |

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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 https://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 + Details
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- References No definition available. + Details
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