Reinsurance (Tables)

6 Months Ended

Jun. 30, 2024

Information regarding the effect of reinsurance on the Condensed Consolidated Balance Sheets is as follows as of the periods indicated:


	Direct		Assumed		Ceded		Total, Net of Reinsurance
June 30, 2024
Assets
Premiums receivable	$	217	$	12	$	(226)	$	3
Reinsurance recoverable, net of allowance for credit losses	—		—		11,571		11,571
Total	$	217	$	12	$	11,345	$	11,574

Liabilities
Future policy benefits and contract owner account balances	$	46,310	$	921	$	—	$	47,231
Liability for funds withheld under reinsurance agreements	104		—		—		104
Total	$	46,414	$	921	$	—	$	47,335

December 31, 2023
Assets
Premiums receivable	$	193	$	9	$	(219)	$	(17)
Reinsurance recoverable, net of allowance for credit losses	—		—		11,999		11,999
Total	$	193	$	9	$	11,780	$	11,982

Liabilities
Future policy benefits and contract owner account balances	$	47,781	$	953	$	—	$	48,734
Liability for funds withheld under reinsurance agreements	103		—		—		103
Total	$	47,884	$	953	$	—	$	48,837

Information regarding the effect of reinsurance on the Condensed Consolidated Statements of Operations is as follows for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Premiums:
Direct premiums	$	1,025	$	902	$	2,054	$	1,810
Reinsurance assumed	4		5		11		15
Reinsurance ceded	(239)		(230)		(475)		(463)
Net premiums	$	790	$	677	$	1,590	$	1,362

Fee income:
Gross fee income	$	612	$	571	$	1,220	$	1,133
Reinsurance assumed	4		5		8		9
Reinsurance ceded	(99)		(102)		(198)		(204)
Net fee income	$	517	$	474	$	1,030	$	938

Interest credited and other benefits to contract owners / policyholders:
Direct interest credited and other benefits to contract owners / policyholders	$	1,157	$	1,014	$	2,338	$	2,122
Reinsurance assumed	17		11		36		30
Reinsurance ceded	(331)		(343)		(680)		(719)
Net interest credited and other benefits to contract owners / policyholders	$	843	$	682	$	1,694	$	1,433