XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.23.3

REINSURANCE (Tables) | 9 Months Ended
--- | ---
Sep. 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 September 30, |  | Nine Months Ended September 30,
(In millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Direct earned premiums |  | $ | 3,524 |  |  |  |  | $ | 3,565 |  |  |  |  | $ | 10,885 |  |  |  |  | $ | 11,472 |  |
Ceded to other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ceded Aflac Japan closed blocks |  | (75) |  |  |  |  | (80) |  |  |  |  | (240) |  |  |  |  | (266) |  |
Other |  | (24) |  |  |  |  | (19) |  |  |  |  | (69) |  |  |  |  | (55) |  |
Assumed from other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retrocession activities |  | 33 |  |  |  |  | 35 |  |  |  |  | 96 |  |  |  |  | 112 |  |
Other |  | 18 |  |  |  |  | 34 |  |  |  |  | 65 |  |  |  |  | 116 |  |
Net earned premiums |  | $ | 3,476 |  |  |  |  | $ | 3,535 |  |  |  |  | $ | 10,737 |  |  |  |  | $ | 11,379 |  |
Direct benefits and claims, excluding reserve remeasurement |  | $ | 2,106 |  |  |  |  | $ | 2,178 |  |  |  |  | $ | 6,545 |  |  |  |  | $ | 7,029 |  |
Reserve remeasurement (gains) losses |  | (219) |  |  |  |  | (73) |  |  |  |  | (327) |  |  |  |  | (132) |  |
Total direct benefits and claims |  | 1,887 |  |  |  |  | 2,105 |  |  |  |  | 6,218 |  |  |  |  | 6,897 |  |
Ceded benefits and change in reserves for future benefits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ceded Aflac Japan closed blocks |  | (71) |  |  |  |  | (72) |  |  |  |  | (222) |  |  |  |  | (237) |  |
Reserve remeasurement (gains) losses |  | 14 |  |  |  |  | (20) |  |  |  |  | 15 |  |  |  |  | (20) |  |
Eliminations |  | 42 |  |  |  |  | 2 |  |  |  |  | 125 |  |  |  |  | 11 |  |
Other |  | (49) |  |  |  |  | (2) |  |  |  |  | (154) |  |  |  |  | (21) |  |
Assumed from other companies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retrocession activities |  | 29 |  |  |  |  | 41 |  |  |  |  | 90 |  |  |  |  | 119 |  |
Eliminations |  | (44) |  |  |  |  | (3) |  |  |  |  | (120) |  |  |  |  | (20) |  |
Other |  | 52 |  |  |  |  | 25 |  |  |  |  | 156 |  |  |  |  | 104 |  |
Total benefits and claims, net |  | $ | 1,860 |  |  |  |  | $ | 2,076 |  |  |  |  | $ | 6,108 |  |  |  |  | $ | 6,833 |  |
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