Deferred Acquisition Costs and Deferred Sales Inducement Costs

6 Months Ended

Jun. 30, 2016

Deferred Acquisition Costs and Deferred Sales Inducement Costs

Deferred acquisition costs and deferred sales inducement costs [Text Block]

Deferred Acquisition Costs and Deferred Sales Inducement Costs

The balances of and changes in DAC were as follows:

	2016			2015
	(in millions)
Balance at January 1	$	2,725		$	2,608
Capitalization of acquisition costs	166			172
Amortization	(197		)	(169		)
Impact of change in net unrealized securities (gains) losses	(94		)	47
Balance at June 30	$	2,600		$	2,658

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

	2016			2015
	(in millions)
Balance at January 1	$	335		$	362
Capitalization of sales inducement costs	2			2
Amortization	(22		)	(25		)
Impact of change in net unrealized securities (gains) losses	(14		)	7
Balance at June 30	$	301		$	346