
	Direct		Assumed		Ceded		Total, Net of Reinsurance
March 31, 2026
Assets
Premium receivable	$	206	$	14	$	(259)	$	(39)
Reinsurance recoverable, net of allowance for credit losses	—		—		10,648		10,648
Total	$	206	$	14	$	10,389	$	10,609
Liabilities
Future policy benefits and contract owner account balances	$	45,138	$	3,890	$	—	$	49,028
Total	$	45,138	$	3,890	$	—	$	49,028

December 31, 2025
Assets
Premium receivable	$	189	$	12	$	(241)	$	(40)
Reinsurance recoverable, net of allowance for credit losses	—		—		10,753		10,753
Total	$	189	$	12	$	10,512	$	10,713
Liabilities
Future policy benefits and contract owner account balances	$	45,302	$	4,054	$	—	$	49,356
Total	$	45,302	$	4,054	$	—	$	49,356

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


	Three Months Ended March 31,
		2026		2025
Premiums:
Direct premiums		$	957	$	958
Reinsurance assumed		11		8
Reinsurance ceded		(224)		(229)
Net premiums		$	744	$	737

Fee income:
Direct fee income		$	680	$	645
Reinsurance assumed		24		26
Reinsurance ceded		(100)		(101)
Net fee income		$	604	$	570

Interest credited and other benefits to contract owners / policyholders:
Direct interest credited and other benefits to contract owners / policyholders		$	1,204	$	1,154
Reinsurance assumed		25		25
Reinsurance ceded		(410)		(344)
Net interest credited and other benefits to contract owners / policyholders		$	819	$	835