Deferred Acquisition Costs

12 Months Ended

Dec. 31, 2021

Insurance [Abstract]

Deferred Acquisition Costs

Note 5—Deferred Acquisition Costs

An analysis of "DAC" is as follows:

	Year Ended December 31,
	2021		2020		2019
Balance at beginning of year	$	4,595,444	$	4,341,941	$	4,137,925
Additions:
Deferred during period:
Commissions	678,517		600,577		534,735
Other expenses	227,730		222,408		218,926
Total deferred	906,247		822,985		753,661
Value of business acquired(1)	16,500		—		—
Foreign exchange adjustment	—		4,755		4,299
Adjustment attributable to unrealized investment losses(2)	1,628		1,533		—
Total additions	924,375		829,273		757,960
Deductions:
Amortized during period	(603,838)		(575,770)		(551,726)
Foreign exchange adjustment	(1,253)		—		—
Adjustment attributable to unrealized investment gains(2)	—		—		(2,218)
Total deductions	(605,091)		(575,770)		(553,944)
Balance at end of year	$	4,914,728	$	4,595,444	$	4,341,941

(1)Refer to Note 1—Significant Accounting Policies for the discussion on the acquisition of Globe Life Benefits.

(2)Represents amounts pertaining to investments relating to universal life-type products.