Deferred Policy Acquisition Costs (Tables)

9 Months Ended

Sep. 30, 2019

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs Details

A progression of deferred policy acquisition costs is presented below (in millions):

	P&C			Annuity and Other
	Deferred			Deferred			Sales															Consolidated
	Costs			Costs			Inducements			PVFP			Subtotal			Unrealized (*)			Total			Total
Balance at June 30, 2019	$	330		$	1,373		$	81		$	38		$	1,492		$	(619	)	$	873		$	1,203
Additions	188			43			1			—			44			—			44			232
Amortization:
Periodic amortization	(194		)	(29		)	(3		)	(1		)	(33		)	—			(33		)	(227		)
Annuity unlocking	—			(76		)	(1		)	—			(77		)	—			(77		)	(77		)
Included in realized gains	—			3			—			—			3			—			3			3
Foreign currency translation	(1		)	—			—			—			—			—			—			(1		)
Change in unrealized	—			—			—			—			—			(169		)	(169		)	(169		)
Balance at September 30, 2019	$	323		$	1,314		$	78		$	37		$	1,429		$	(788	)	$	641		$	964
Balance at June 30, 2018	$	298		$	1,243		$	94		$	45		$	1,382		$	(98	)	$	1,284		$	1,582
Additions	181			65			1			—			66			—			66			247
Amortization:
Periodic amortization	(171		)	(58		)	(5		)	(2		)	(65		)	—			(65		)	(236		)
Included in realized gains	—			3			—			—			3			—			3			3
Foreign currency translation	—			—			—			—			—			—			—			—
Change in unrealized	—			—			—			—			—			73			73			73
Balance at September 30, 2018	$	308		$	1,253		$	90		$	43		$	1,386		$	(25	)	$	1,361		$	1,669
Balance at December 31, 2018	$	299		$	1,285		$	86		$	42		$	1,413		$	(30	)	$	1,383		$	1,682
Additions	569			163			2			—			165			—			165			734
Amortization:
Periodic amortization	(544		)	(63		)	(10		)	(5		)	(78		)	—			(78		)	(622		)
Annuity unlocking	—			(76		)	(1		)	—			(77		)	—			(77		)	(77		)
Included in realized gains	—			5			1			—			6			—			6			6
Foreign currency translation	(1		)	—			—			—			—			—			—			(1		)
Change in unrealized	—			—			—			—			—			(758		)	(758		)	(758		)
Balance at September 30, 2019	$	323		$	1,314		$	78		$	37		$	1,429		$	(788	)	$	641		$	964
Balance at December 31, 2017	$	270		$	1,217		$	102		$	49		$	1,368		$	(422	)	$	946		$	1,216
Additions	524			192			2			—			194			—			194			718
Amortization:
Periodic amortization	(485		)	(193		)	(15		)	(6		)	(214		)	—			(214		)	(699		)
Annuity unlocking	—			28			1			—			29			—			29			29
Included in realized gains	—			9			—			—			9			—			9			9
Foreign currency translation	(1		)	—			—			—			—			—			—			(1		)
Change in unrealized	—			—			—			—			—			397			397			397
Balance at September 30, 2018	$	308		$	1,253		$	90		$	43		$	1,386		$	(25	)	$	1,361		$	1,669

(*)

Adjustments to DPAC related to net unrealized gains/losses on securities and cash flow hedges.