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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2022
Reinsurance Disclosures [Abstract]  
Schedule Of Effect Of Reinsurance
The following table summarizes the effect of reinsurance. The impact of the transactions described above results in a decrease to reinsurance assumed and an increase in reinsurance ceded.
Year Ended December 31,
202220212020
(in millions)
Direct premiums$1,042 $970 $929 
Reinsurance assumed180 189 222 
Reinsurance ceded(228)(199)(154)
Premiums$994 $960 $997 
Direct charges and fee income$3,145 $3,380 $4,149 
Reinsurance ceded(691)(613)(414)
Policy charges and fee income$2,454 $2,767 $3,735 
Direct policyholders’ benefits$3,262 $3,297 $5,826 
Reinsurance assumed179 212 241 
Reinsurance ceded(725)(721)(741)
Policyholders’ benefits$2,716 $2,788 $5,326 
Direct interest credited to policyholders’ account balances$1,440 $(1,212)$1,252 
Reinsurance ceded(30)(7)(30)
Interest credited to policyholders’ account balances$1,410 $(1,219)$1,222 
Schedule of Ceded Credit Risk The following table summarizes the ceded reinsurance GMIB reinsurance contracts, third-party recoverables, amount due to reinsurance and assumed reserves.
December 31,
 20222021
(in millions)
Ceded Reinsurance:
Estimated net fair values of purchased market risk benefits (1)10,423 14,074 
Third-party reinsurance recoverables related to insurance contracts8,471 4,632 
Top reinsurers:
First Allmerica-GAF4,005 —
Zurich Life Insurance Company, Ltd.1,416 1,565 
RGA Reinsurance Company1,272 1,138 
Ceded group health reserves47 26 
Amount due to reinsurers1,533 1,381 
Top reinsurers:
RGA Reinsurance Company1,171 1,212
First Allmerica-GAF147 — 
Protective Life Insurance Company104 114 
Assumed Reinsurance:
Reinsurance assumed reserves$701 $910