XML 67 R50.htm IDEA: XBRL DOCUMENT v3.24.0.1
Reinsurance (Tables)
12 Months Ended
Dec. 31, 2023
Reinsurance Disclosures [Abstract]  
Reinsurance Premium And Effect On Claims And Other Policy Benefits [Table Text Block]
The effect of reinsurance on net premiums is as follows (dollars in millions):
Years ended December 31,202320222021
Direct insurance$1,477 $26 $33 
Reinsurance assumed14,281 13,830 13,354 
Reinsurance ceded(673)(778)(874)
Net premiums$15,085 $13,078 $12,513 
The effect of reinsurance on claims and other policy benefits and future policy benefits remeasurement gains and losses is as follows (dollars in millions):
Years ended December 31,202320222021
Direct insurance$1,577 $73 $59 
Reinsurance assumed12,912 12,867 12,944 
Reinsurance ceded(679)(667)(763)
Net claims and other policy benefits and future policy benefits remeasurement gains and losses$13,810 $12,273 $12,240 
Reinsurance Information [Table Text Block]
The effect of reinsurance on life reinsurance in force is shown in the following schedule (dollars in millions):
DirectAssumedCededNetAssumed/Net %
December 31, 2023$924 $3,704,061 $69,242 $3,635,743 101.9 %
December 31, 20221,027 3,400,735 151,569 3,250,193 104.6 
December 31, 20211,117 3,467,054 166,842 3,301,329 105.0 
Schedule Of Assets Held In Support Of Reserves Associated With Coinsurance With Funds Withheld Agreement The following assets were held in support of the Company’s funds withheld arrangements and are reported in the line items shown in the consolidated balance sheet as of December 31, 2023 and 2022 (dollars in millions):
For the years ended December 31,
20232022
Fixed maturity securities available-for-sale$2,442 $203 
Equity securities
Mortgage loans451 18 
Funds withheld at interest1,545 1,596 
Real estate joint ventures35 — 
Short-term investments and cash and cash equivalents30 
Accrued investment income28 
Net other assets— 
Net assets$4,534 $1,822