Deferred Acquisition Costs (Tables)

9 Months Ended

Sep. 30, 2022

Deferred Acquisition Costs

Deferred Acquisition Costs Rollforward (Table)

Acquisition costs deferred and amortized were as follows:

	For the three months ended				For the nine months ended
	September 30,				September 30,
	2022		2021		2022		2021
	(in millions)
Balance at beginning of year	$	4,340.3	$	3,581.2	$	3,757.5	$	3,409.7
Costs deferred during the year		87.5		118.0		285.5		355.1
Amortized to expense during the year (1)		4.0		(34.3)		(326.5)		(192.8)
Adjustment related to unrealized losses on available-for-sale securities and derivative instruments (2)		402.2		32.0		1,117.5		124.9
Balance at end of year	$	4,834.0	$	3,696.9	$	4,834.0	$	3,696.9

(1) Includes adjustments for revisions to estimated gross profits. Amortization for the nine months ended September 30, 2022, includes the impact from re-cohorting. Refer to Note 1, Nature of Operations and Significant Accounting Policies, under the caption “Actuarial Balance Re-Cohorting” for further details.

(2) The adjustment for the nine months ended September 30, 2022, includes the impact from re-cohorting. Refer to Note 1, Nature of Operations and Significant Accounting Policies, under the caption “Actuarial Balance Re-Cohorting” for further details.