Deferred Policy Acquisition Costs

3 Months Ended

Mar. 31, 2023

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs

(6) Deferred Policy Acquisition Costs

The balances and activity in DAC were as follows:

	Three months ended						Year ended
	March 31, 2023						December 31, 2022
	(In thousands)
	Term Life			Segregated Funds (Canada)			Term Life			Segregated Funds (Canada)
Balance, beginning of period	$	3,111,675		$	62,341		$	2,872,816		$	65,411
Capitalization		127,293			1,834			507,834			7,003
Amortization		(65,503	)		(1,493	)		(252,352	)		(5,581	)
Foreign exchange translation and other		830			181			(16,623	)		(4,492	)
Balance, at the end of period	$	3,174,295		$	62,863		$	3,111,675		$	62,341

Reconciliation of DAC by product was as follows:

	March 31, 2023		December 31, 2022
	(In thousands)
Term Life	$	3,174,295	$	3,111,675
Segregated Funds (Canada)		62,863		62,341
Other		19,687		20,013
Total DAC, net	$	3,256,845	$	3,194,029

There were no changes to the judgments, assumptions and methods used to amortize DAC during the three months ended March 31, 2023 and 2022.