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REINSURANCE (Tables) | 3 Months Ended
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Mar. 31, 2023
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 March 31,
(In millions) |  |  |  |  |  | 2023 |  | 2022
Direct earned premiums |  |  |  |  |  |  |  |  |  | $ | 3,738 |  |  |  |  | $ | 4,115 |  |
Ceded to other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ceded Aflac Japan closed blocks |  |  |  |  |  |  |  |  |  | (82) |  |  |  |  | (98) |  |
Other |  |  |  |  |  |  |  |  |  | (25) |  |  |  |  | (19) |  |
Assumed from other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retrocession activities |  |  |  |  |  |  |  |  |  | 34 |  |  |  |  | 41 |  |
Other |  |  |  |  |  |  |  |  |  | 23 |  |  |  |  | 40 |  |
Net earned premiums |  |  |  |  |  |  |  |  |  | $ | 3,688 |  |  |  |  | $ | 4,079 |  |
Direct benefits and claims, excluding reserve remeasurement |  |  |  |  |  |  |  |  |  | $ | 2,256 |  |  |  |  | $ | 2,334 |  |
Reserve remeasurement (gains) losses |  |  |  |  |  |  |  |  |  | (53) |  |  |  |  | (34) |  |
Total direct benefits and claims |  |  |  |  |  |  |  |  |  | 2,203 |  |  |  |  | 2,300 |  |
Ceded benefits and change in reserves for future benefits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ceded Aflac Japan closed blocks |  |  |  |  |  |  |  |  |  | (100) |  |  |  |  | (88) |  |
Eliminations |  |  |  |  |  |  |  |  |  | 14 |  |  |  |  | 5 |  |
Other |  |  |  |  |  |  |  |  |  | (18) |  |  |  |  | (5) |  |
Assumed from other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retrocession activities |  |  |  |  |  |  |  |  |  | 5 |  |  |  |  | 37 |  |
Eliminations |  |  |  |  |  |  |  |  |  | 10 |  |  |  |  | (5) |  |
Other |  |  |  |  |  |  |  |  |  | 36 |  |  |  |  | 239 |  |
Total benefits and claims, net |  |  |  |  |  |  |  |  |  | $ | 2,150 |  |  |  |  | $ | 2,483 |  |
Prior-year amounts have been adjusted for the adoption of accounting guidance on January 1, 2023 related to accounting for long-duration insurance contracts.

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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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