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

6 Months Ended

Jun. 30, 2022

Insurance [Abstract]

Deferred Acquisition Costs

The following represents a rollforward of DAC, DSI and VOBA:

	Successor
(In millions)	DAC		DSI		VOBA		Total
Balance at January 1, 2022	$	—	$	—	$	4,547	$	4,547
Additions	434		162		—		596
Amortization	(1)		—		(249)		(250)
Other	—		—		(3)		(3)
Balance at June 30, 2022	$	433	$	162	$	4,295	$	4,890

	Predecessor
(In millions)	DAC		DSI		VOBA		Total
Balance at December 31, 2020	$	3,236	$	857	$	813	$	4,906
Additions	287		115		—		402
Amortization	(303)		(106)		(91)		(500)
Impact of unrealized investment (gains) losses	85		27		44		156
Balance at June 30, 2021	$	3,305	$	893	$	766	$	4,964

Deferred Sales Inducements

The following represents a rollforward of DAC, DSI and VOBA:

	Successor
(In millions)	DAC		DSI		VOBA		Total
Balance at January 1, 2022	$	—	$	—	$	4,547	$	4,547
Additions	434		162		—		596
Amortization	(1)		—		(249)		(250)
Other	—		—		(3)		(3)
Balance at June 30, 2022	$	433	$	162	$	4,295	$	4,890

	Predecessor
(In millions)	DAC		DSI		VOBA		Total
Balance at December 31, 2020	$	3,236	$	857	$	813	$	4,906
Additions	287		115		—		402
Amortization	(303)		(106)		(91)		(500)
Impact of unrealized investment (gains) losses	85		27		44		156
Balance at June 30, 2021	$	3,305	$	893	$	766	$	4,964

Present Value of Future Insurance Profits

The following represents a rollforward of DAC, DSI and VOBA:

	Successor
(In millions)	DAC		DSI		VOBA		Total
Balance at January 1, 2022	$	—	$	—	$	4,547	$	4,547
Additions	434		162		—		596
Amortization	(1)		—		(249)		(250)
Other	—		—		(3)		(3)
Balance at June 30, 2022	$	433	$	162	$	4,295	$	4,890

	Predecessor
(In millions)	DAC		DSI		VOBA		Total
Balance at December 31, 2020	$	3,236	$	857	$	813	$	4,906
Additions	287		115		—		402
Amortization	(303)		(106)		(91)		(500)
Impact of unrealized investment (gains) losses	85		27		44		156
Balance at June 30, 2021	$	3,305	$	893	$	766	$	4,964

The expected amortization of VOBA for the next five years is as follows:

(In millions)	Expected Amortization
20221	$	239
2023	447
2024	410
2025	377
2026	342
2027	304
1 Expected amortization for the remainder of 2022.