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Deferred Transaction Costs
 12 Months Ended
Dec. 31, 2022
Business Combinations [Abstract]  
Deferred Transaction Costs DEFERRED TRANSACTION COSTS
Deferred transaction costs include deferred policy acquisition costs (DPAC), deferred sales inducements (DSI), value of business acquired (VOBA), and cost of reinsurance (COR).

A summary of information related to DPAC is provided in the following table:

 Years Ended December 31,
 202220212020
 (In thousands)
Balance, beginning of year$569,839 382,080 723,972 
Deferrals
45,444 77,306 69,857 
Amortization, net of interest:
Amortization, excluding unlocking, net of interest(101,477)(84,349)(107,917)
Unlocking(559)36,510 (22,358)
Adjustments related to unrealized (gains) losses416,397 158,292 (261,186)
Reinsurance(19,858)— (20,288)
Balance, end of year$909,786 569,839 382,080 
A summary of information related to DSI is provided in the following table:

 Years Ended December 31,
 202220212020
(In thousands)
Balance, beginning of year$78,136 43,845 104,359 
Deferrals4,039 18,118 10,344 
Amortization, net of interest:
Amortization, excluding unlocking, net of interest(14,130)(14,755)(18,363)
Unlocking99 993 (4,445)
Adjustments related to unrealized (gains) losses57,498 29,935 (43,557)
Reinsurance(11,243)— (4,493)
Balance, end of year$114,399 78,136 43,845 

A summary of information related to VOBA is provided in the following table:

 Years Ended December 31,
 202220212020
(In thousands)
Balance, beginning of year$154,499 162,968 138,071 
Business acquired— — — 
Other increase— — 35,125
Amortization:
Amortization, excluding unlocking(8,005)(8,469)(10,228)
Unlocking— — — 
Balance as of end of year$146,494 154,499 162,968 

During the year ended December 31, 2020, the cash value of certain acquired reserves was increased which resulted in a commensurate increase in both the traditional life reserve liability and the related VOBA balance reported on the Consolidated Balance Sheets.

Estimated future amortization of VOBA, net of interest (in thousands), as of December 31, 2022, is as follows:

2023$7,673 
20247,363 
20257,172 
20267,030 
20276,823 
A summary of information related to COR is provided in the following table:

 Years Ended December 31,
 202220212020
(In thousands)
Balance, beginning of year$89,686 102,840 — 
Additions— — 102,840 
Amortization(11,358)(13,154)— 
Balance as of end of year$78,328 89,686 102,840 

The COR balance was recorded on the effective date of the funds withheld coinsurance agreement with Prosperity, December 31, 2020. Accordingly, no amortization was recorded in 2020.