| Effects of Reinsurance |
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, 2026 | | | | | | | | | Assets | | | | | | | | | Premium receivable | $ | 185 | | | $ | 13 | | | $ | (230) | | | $ | (32) | | | Reinsurance recoverable, net of allowance for credit losses | — | | | — | | | 10,458 | | | 10,458 | | | Total | $ | 185 | | | $ | 13 | | | $ | 10,228 | | | $ | 10,426 | | | Liabilities | | | | | | | | Future policy benefits and contract owner account balances | $ | 44,752 | | | $ | 3,772 | |
| $ | — | | | $ | 48,524 | | | Total | $ | 44,752 | | | $ | 3,772 | | | $ | — | | | $ | 48,524 | | | | | | | | | | | 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 June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Premiums: | | | | | | | | | Direct premiums | $ | 930 | | | $ | 956 | | | $ | 1,887 | | | $ | 1,914 | | | Reinsurance assumed | 7 | | | 3 | | | 18 | | | 11 | | | Reinsurance ceded | (221) | | | (241) | | | (445) | | | (470) | | | Net premiums | $ | 716 | | | $ | 718 | | | $ | 1,460 | | | $ | 1,455 | | | | | | | | | | | Fee income: | | | | | | | | | Direct fee income | $ | 695 | | | $ | 651 | | | $ | 1,375 | | | $ | 1,296 | | | Reinsurance assumed | 24 | | | 24 | | | 48 | | | 50 | | | Reinsurance ceded | (99) | | | (98) | | | (199) | | | (199) | | | Net fee income | $ | 620 | | | $ | 577 | | | $ | 1,224 | | | $ | 1,147 | | | | | | | | | | | Interest credited and other benefits to contract owners / policyholders: | | | | | | | | Direct interest credited and other benefits to contract owners / policyholders | $ | 1,105 | | | $ | 1,098 | | | $ | 2,309 | | | $ | 2,252 | | | Reinsurance assumed | 31 | | | 35 | | | 56 | | | 60 | | | Reinsurance ceded | (311) | | | (332) | | | (721) | | | (676) | | Net interest credited and other benefits to contract owners / policyholders | $ | 825 | | | $ | 801 | | | $ | 1,644 | | | $ | 1,636 | |
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