XML 29 R16.htm IDEA: XBRL DOCUMENT v3.20.2
Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired
 6 Months Ended
Jun. 30, 2020
Insurance [Abstract]  
Deferred Acquisition Costs, Deferred Sales Inducements, and Value of Business Acquired
7. Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired

The following represents a rollforward of deferred acquisition costs (DAC), deferred sales inducements (DSI) and value of business acquired (VOBA):
(In millions)
DAC
 
DSI
 
VOBA
 
Total
Balance at December 31, 2019
$
3,274

 
$
820

 
$
914

 
$
5,008

Adoption of accounting standard
12

 
5

 
5

 
22

Additions
281

 
83

 
—

 
364

Amortization
56

 
11

 
(4
)
 
63

Impact of unrealized investment (gains) losses
—

 
(4
)
 
15

 
11

Balance at June 30, 2020
$
3,623

 
$
915

 
$
930

 
$
5,468


(In millions)
DAC
 
DSI
 
VOBA
 
Total
Balance at December 31, 2018
$
3,921

 
$
799

 
$
1,187

 
$
5,907

Additions
354

 
130

 
—

 
484

Amortization
(472
)
 
(18
)
 
(20
)
 
(510
)
Impact of unrealized investment (gains) losses
(300
)
 
(98
)
 
(159
)
 
(557
)
Balance at June 30, 2019
$
3,503

 
$
813

 
$
1,008

 
$
5,324