Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired (Tables)

9 Months Ended

Sep. 30, 2020

Insurance [Abstract]

Deferred Acquisition Costs

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	470		124		—		594
Unlocking	(36)		(13)		(11)		(60)
Amortization	(175)		(24)		(25)		(224)
Impact of unrealized investment (gains) losses	(116)		(45)		(14)		(175)
Balance at September 30, 2020	$	3,429	$	867	$	869	$	5,165

(In millions)	DAC		DSI		VOBA		Total
Balance at December 31, 2018	$	3,921	$	799	$	1,187	$	5,907
Additions	521		187		—		708
Unlocking	(117)		(9)		(24)		(150)
Amortization	(637)		(29)		(37)		(703)
Impact of unrealized investment (gains) losses	(458)		(141)		(203)		(802)
Balance at September 30, 2019	$	3,230	$	807	$	923	$	4,960

Deferred Sales Inducements

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	470		124		—		594
Unlocking	(36)		(13)		(11)		(60)
Amortization	(175)		(24)		(25)		(224)
Impact of unrealized investment (gains) losses	(116)		(45)		(14)		(175)
Balance at September 30, 2020	$	3,429	$	867	$	869	$	5,165

(In millions)	DAC		DSI		VOBA		Total
Balance at December 31, 2018	$	3,921	$	799	$	1,187	$	5,907
Additions	521		187		—		708
Unlocking	(117)		(9)		(24)		(150)
Amortization	(637)		(29)		(37)		(703)
Impact of unrealized investment (gains) losses	(458)		(141)		(203)		(802)
Balance at September 30, 2019	$	3,230	$	807	$	923	$	4,960