Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)

6 Months Ended

Jun. 30, 2014

Deferred Acquisition Costs and Deferred Sales Inducement Costs

Schedule of balances of and changes in DAC

The balances of and changes in DAC were as follows:

	2014			2013
	(in millions)
Balance at January 1	$	2,663		$	2,399
Capitalization of acquisition costs	166			167
Amortization	(165		)	(167		)
Impact of change in net unrealized securities losses (gains)	(52		)	107
Balance at June 30	$	2,612		$	2,506

Schedule of balances of and changes in DSIC

The balances of and changes in DSIC, which is included in other assets, were as follows:

	2014			2013
	(in millions)
Balance at January 1	$	409		$	404
Capitalization of sales inducement costs	3			3
Amortization	(25		)	(30		)
Impact of change in net unrealized securities losses (gains)	(8		)	15
Balance at June 30	$	379		$	392