Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-Related Intangibles (Tables)

12 Months Ended

Dec. 31, 2020

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

Schedule of Deferred Policy Acquisition Costs and Value of Business Acquired

Information regarding DAC and VOBA was as follows:

	Years Ended December 31,
	2020		2019		2018
	(In millions)
DAC:
Balance at January 1,	$	4,946	$	5,149	$	5,678
Capitalizations	408		369		322
Amortization related to net investment gains (losses) and net derivative gains (losses)	95		204		(384)
All other amortization	(833)		(577)		(560)
Total amortization	(738)		(373)		(944)
Unrealized investment gains (losses)	(209)		(199)		93
Balance at December 31,	4,407		4,946		5,149
VOBA:
Balance at January 1,	502		568		608
Amortization related to net investment gains (losses) and net derivative gains (losses)	—		(1)		(1)
All other amortization	(28)		(8)		(105)
Total amortization	(28)		(9)		(106)
Unrealized investment gains (losses)	30		(57)		66
Balance at December 31,	504		502		568
Total DAC and VOBA:
Balance at December 31,	$	4,911	$	5,448	$	5,717

Deferred Policy Acquisition Costs

Information regarding DAC and VOBA was as follows:

	Years Ended December 31,
	2020		2019		2018
	(In millions)
DAC:
Balance at January 1,	$	4,946	$	5,149	$	5,678
Capitalizations	408		369		322
Amortization related to net investment gains (losses) and net derivative gains (losses)	95		204		(384)
All other amortization	(833)		(577)		(560)
Total amortization	(738)		(373)		(944)
Unrealized investment gains (losses)	(209)		(199)		93
Balance at December 31,	4,407		4,946		5,149
VOBA:
Balance at January 1,	502		568		608
Amortization related to net investment gains (losses) and net derivative gains (losses)	—		(1)		(1)
All other amortization	(28)		(8)		(105)
Total amortization	(28)		(9)		(106)
Unrealized investment gains (losses)	30		(57)		66
Balance at December 31,	504		502		568
Total DAC and VOBA:
Balance at December 31,	$	4,911	$	5,448	$	5,717

Information Regarding Deferred Policy Acquisition Costs and Value of Business Acquired by Segment

Information regarding total DAC and VOBA by segment, as well as Corporate & Other, was as follows at:

	December 31,
	2020		2019
	(In millions)
Annuities	$	3,829	$	4,327
Life	971		1,019
Run-off	5		5
Corporate & Other	106		97
Total	$	4,911	$	5,448

Deferred Sales Inducements

Information regarding DSI was as follows:

	Years Ended December 31,
	2020		2019		2018
	(In millions)
DSI:
Balance at January 1,	$	379	$	410	$	431
Capitalization	2		2		2
Amortization	(71)		(38)		(41)
Unrealized investment gains (losses)	—		5		18
Balance at December 31,	$	310	$	379	$	410