Deferred Policy Acquisition Costs and Value of Business Acquired

6 Months Ended

Jun. 30, 2023

Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]

Deferred Policy Acquisition Costs and Value of Business Acquired

Deferred Policy Acquisition Costs and Value of Business Acquired

The following tables present a rollforward of DAC and VOBA for the periods indicated:

	DAC				VOBA
	Wealth Solutions Deferred and Individual Annuities		Businesses exited
Balance as of January 1, 2022	$	691	$	1,158	$	473
Deferrals of commissions and expenses	59		—		5
Amortization expense	(59)		(115)		(39)
Balance as of December 31, 2022	$	691	$	1,043	$	439
Deferrals of commissions and expenses	29		—		2
Amortization expense	(28)		(53)		(19)
Balance as of June 30, 2023	$	692	$	990	$	422

The following table shows a reconciliation of DAC and VOBA balances to the Condensed Consolidated Balance Sheets for the periods indicated:

	June 30, 2023		December 31, 2022
DAC:
Wealth Solutions Deferred and Individual Annuities	$	692	$	691
Businesses exited	990		1,043
Other	200		190
VOBA	422		439
Total	$	2,304	$	2,363

There was no loss recognition for VOBA during 2023 and 2022.