Deferred Policy Acquisition Costs (Tables)

3 Months Ended

Mar. 31, 2020

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 December 31, 2019	$	322		$	1,303		$	75		$	36		$	1,414		$	(699	)	$	715		$	1,037
Additions	158			49			1			—			50			—			50			208
Amortization:
Periodic amortization	(170		)	(98		)	(3		)	(2		)	(103		)	—			(103		)	(273		)
Included in realized gains	—			10			—			—			10			—			10			10
Foreign currency translation	—			—			—			—			—			—			—			—
Change in unrealized	—			—			—			—			—			591			591			591
Balance at March 31, 2020	$	310		$	1,264		$	73		$	34		$	1,371		$	(108	)	$	1,263		$	1,573
Balance at December 31, 2018	$	299		$	1,285		$	86		$	42		$	1,413		$	(30	)	$	1,383		$	1,682
Additions	187			64			1			—			65			—			65			252
Amortization:
Periodic amortization	(175		)	(15		)	(3		)	(2		)	(20		)	—			(20		)	(195		)
Included in realized gains	—			2			—			—			2			—			2			2
Foreign currency translation	1			—			—			—			—			—			—			1
Change in unrealized	—			—			—			—			—			(295		)	(295		)	(295		)
Balance at March 31, 2019	$	312		$	1,336		$	84		$	40		$	1,460		$	(325	)	$	1,135		$	1,447

(*)

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