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Reinsurance (Tables)

6 Months Ended

Jun. 30, 2022

Reinsurance

Schedule of information pertaining to effects of reinsurance on premiums and other considerations and policy and contract benefits

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	For the three months ended June 30,					​	For the six months ended June 30,
​	​	2022 (1)		​	2021		​	2022		​	2021
​	​	(in millions)
Premiums and other considerations:		​			​			​			​
Direct	​	$	1,436.7	​	$	1,431.1	​	$	2,477.2	​	$	2,407.5
Ceded	​		(70.5)	​		(161.4)	​		(223.6)	​		(302.7)
Net premiums and other considerations	​	$	1,366.2	​	$	1,269.7	​	$	2,253.6	​	$	2,104.8
Benefits, claims and settlement expenses:	​			​			​			​
Direct	​	$	1,884.2	​	$	1,986.6	​	$	3,521.5	​	$	3,493.9
Ceded	​		(605.6)	​		(173.8)	​		(783.0)	​		(306.4)
Net benefits, claims and settlement expenses	​	$	1,278.6	​	$	1,812.8	​	$	2,738.5	​	$	3,187.5

(1) The ceded amounts include first quarter 2022 amounts that were ceded to Talcott Life & Annuity Re during the second quarter of 2022.

Schedule of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position

​

​	​	​	​	​	​	​
​	​	June 30, 2022		​	December 31, 2021
​	​	(in millions)
Cost of reinsurance asset		$	3,727.6		$	46.5
​	​	​	​	​	​	​
Cost of reinsurance liability	​	$	81.6	​	$	22.1

Schedule of assets held in support of reserves associated with coinsurance with funds withheld agreement

​

​	​	​	​
​		June 30, 2022
​	​	(in millions)
Fixed maturities, available-for-sale	​	$	19,373.0
Fixed maturities, trading	​		5.9
Equity securities	​		10.0
Mortgage loans	​		2,789.9
Other investments	​		1.8
Cash and cash equivalents	​		400.3
Accrued interest income	​		176.8
Net other assets (liabilities)	​		(114.2)
Net assets	​	$	22,643.5

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- Definition

Tabular disclosure of information pertaining to assets that were held in support of company's reserves associated with company's coinsurance with funds withheld agreement.

+ References

No definition available.

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- Definition

Tabular disclosure of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position.

+ References

No definition available.

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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

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