XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.23.2

REINSURANCE (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 and the elimination of inter-segment amounts associated with affiliated reinsurance.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Direct earned premiums |  | $ | 3,623 |  |  |  |  | $ | 3,792 |  |  |  |  | $ | 7,361 |  |  |  |  | $ | 7,907 |  |
Ceded to other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ceded Aflac Japan closed blocks |  | (80) |  |  |  |  | (87) |  |  |  |  | (165) |  |  |  |  | (185) |  |
Other |  | (23) |  |  |  |  | (18) |  |  |  |  | (45) |  |  |  |  | (36) |  |
Assumed from other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retrocession activities |  | 30 |  |  |  |  | 36 |  |  |  |  | 64 |  |  |  |  | 77 |  |
Other |  | 23 |  |  |  |  | 41 |  |  |  |  | 47 |  |  |  |  | 81 |  |
Net earned premiums |  | $ | 3,573 |  |  |  |  | $ | 3,764 |  |  |  |  | $ | 7,262 |  |  |  |  | $ | 7,844 |  |
Direct benefits and claims, excluding reserve remeasurement |  | $ | 2,182 |  |  |  |  | $ | 2,317 |  |  |  |  | $ | 4,438 |  |  |  |  | $ | 4,851 |  |
Reserve remeasurement (gains) losses |  | (54) |  |  |  |  | (25) |  |  |  |  | (107) |  |  |  |  | (59) |  |
Total direct benefits and claims |  | 2,128 |  |  |  |  | 2,292 |  |  |  |  | 4,331 |  |  |  |  | 4,792 |  |
Ceded benefits and change in reserves for future benefits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ceded Aflac Japan closed blocks |  | (74) |  |  |  |  | (77) |  |  |  |  | (151) |  |  |  |  | (165) |  |
Eliminations |  | 70 |  |  |  |  | 4 |  |  |  |  | 83 |  |  |  |  | 9 |  |
Other |  | (64) |  |  |  |  | (14) |  |  |  |  | (104) |  |  |  |  | (20) |  |
Assumed from other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retrocession activities |  | 20 |  |  |  |  | 39 |  |  |  |  | 61 |  |  |  |  | 78 |  |
Eliminations |  | (47) |  |  |  |  | (10) |  |  |  |  | (76) |  |  |  |  | (17) |  |
Other |  | 65 |  |  |  |  | 40 |  |  |  |  | 103 |  |  |  |  | 80 |  |
Total benefits and claims, net |  | $ | 2,098 |  |  |  |  | $ | 2,274 |  |  |  |  | $ | 4,247 |  |  |  |  | $ | 4,757 |  |
Prior-year amounts have been adjusted for the adoption of accounting guidance on January 1, 2023 related to accounting for long-duration insurance contracts.

X
- 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
Name: | us-gaap_EffectsOfReinsuranceTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReinsuranceDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration