Deferred Acquisition Costs (Tables)

3 Months Ended

Mar. 31, 2023

Changes in Deferred Acquisition Costs

The following tables present the balances of and changes in deferred acquisition costs as of and for the periods indicated:

	March 31, 2023
(Amounts in millions)	Long-term care insurance			Life insurance			Fixed annuities			Variable annuities			Total
Balance as of January 1	$	935		$	1,080		$	57		$	113		$	2,185
Costs deferred		—			—			—			—			—
Amortization		(14	)		(40	)		(3	)		(4	)		(61	)
Balance as of March 31	$	921		$	1,040		$	54		$	109			2,124
Enact segment														26
Total deferred acquisition costs													$	2,150

	December 31, 2022
(Amounts in millions)	Long-term care insurance			Life insurance			Fixed annuities			Variable annuities			Total
Balance as of January 1	$	989		$	1,271		$	70		$	131		$	2,461
Costs deferred		6			—			—			—			6
Amortization		(60	)		(191	)		(13	)		(18	)		(282	)
Balance as of December 31	$	935		$	1,080		$	57		$	113			2,185
Enact segment														26
Total deferred acquisition costs													$	2,211

	December 31, 2021
(Amounts in millions)	Long-term care insurance			Life insurance			Fixed annuities			Variable annuities			Total
Balance as of January 1	$	1,043		$	1,501		$	85		$	151		$	2,780
Costs deferred		9			—			—			—			9
Amortization		(63	)		(230	)		(15	)		(20	)		(328	)
Balance as of December 31	$	989		$	1,271		$	70		$	131			2,461
Enact segment														27
Total deferred acquisition costs													$	2,488