Information regarding the significant effects of affiliated reinsurance on the interim condensed consolidated statements of operations and comprehensive income (loss) was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months
Ended
June 30, | | Six Months
Ended
June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | (In millions) | Premiums | | | | | | | | | Reinsurance assumed | | $ | 2 | | | $ | (1) | | | $ | 4 | | | $ | 3 | | Reinsurance ceded | | (112) | | | (108) | | | (223) | | | (218) | | Net premiums | | $ | (110) | | | $ | (109) | | | $ | (219) | | | $ | (215) | | Universal life and investment-type product policy fees | | | | | | | | | Reinsurance assumed | | $ | 12 | | | $ | 6 | | | $ | 25 | | | $ | 15 | | Reinsurance ceded | | — | | | — | | | 1 | | | (1) | | Net universal life and investment-type product policy fees | | $ | 12 | | | $ | 6 | | | $ | 26 | | | $ | 14 | | Other revenues | | | | | | | | | Reinsurance assumed | | $ | 26 | | | $ | 30 | | | $ | 52 | | | $ | 55 | | Reinsurance ceded | | 112 | | | 114 | | | 224 | | | 226 | | Net other revenues | | $ | 138 | | | $ | 144 | | | $ | 276 | | | $ | 281 | | Policyholder benefits and claims | | | | | | | | | Reinsurance assumed | | $ | 5 | | | $ | 8 | | | $ | 13 | | | $ | 18 | | Reinsurance ceded | | (89) | | | (86) | | | (180) | | | (175) | | Net policyholder benefits and claims | | $ | (84) | | | $ | (78) | | | $ | (167) | | | $ | (157) | | | Policyholder liability remeasurement (gains) losses | | | | | | | | | | Reinsurance assumed | | $ | 2 | | | $ | (2) | | | $ | 2 | | | $ | (3) | | | Reinsurance ceded | | — | | | 1 | | | (3) | | | — | | | Net policyholder liability remeasurement (gains) losses | | $ | 2 | | | $ | (1) | | | $ | (1) | | | $ | (3) | | Interest credited to PABs | | | | | | | | | Reinsurance assumed | | $ | 81 | | | $ | 84 | | | $ | 163 | | | $ | 170 | | Reinsurance ceded | | (3) | | | (3) | | | (5) | | | (5) | | Net interest credited to PABs | | $ | 78 | | | $ | 81 | | | $ | 158 | | | $ | 165 | | Other expenses | | | | | | | | | Reinsurance assumed | | $ | 25 | | | $ | 12 | | | $ | 170 | | | $ | 23 | | Reinsurance ceded | | 57 | | | 51 | | | 108 | | | 30 | | Net other expenses | | $ | 82 | | | $ | 63 | | | $ | 278 | | | $ | 53 | |
Information regarding the significant effects of affiliated reinsurance on the interim condensed consolidated balance sheets was as follows at: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Assumed | | Ceded | | Assumed | | Ceded | | (In millions) | | Assets | | | | | | | | Premiums, reinsurance and other
receivables (1) | $ | 140 | | | $ | 10,908 | | | $ | 146 | | | $ | 11,017 | | DAC and VOBA | 113 | | | (145) | | | 122 | | | (149) | | Total assets | $ | 253 | | | $ | 10,763 | | | $ | 268 | | | $ | 10,868 | | | Liabilities | | | | | | | | FPBs | $ | 1,856 | | | $ | — | | | $ | 1,941 | | | $ | — | | PABs | 8,145 | | | — | | | 8,441 | | | — | | | Other policy-related balances | 65 | | | (59) | | | 69 | | | (55) | | | Other liabilities | 798 | | | 9,291 | | | 934 | | | 9,582 | | Total liabilities | $ | 10,864 | | | $ | 9,232 | | | $ | 11,385 | | | $ | 9,527 | |
__________________ (1)Includes affiliated ceded PABs and FPBs.
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