Deferred Acquisition Costs and Deferred Sales Inducement Costs

3 Months Ended

Mar. 31, 2019

Deferred Charges, Insurers [Abstract]

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:

	2019			2018
	(in millions)
Balance at January 1	$	2,776		$	2,676
Capitalization of acquisition costs	71			79
Amortization	(16		)	(92		)
Impact of change in net unrealized (gains) losses on securities	(59		)	55
Reclassified to assets held for sale (1)	(15		)	—
Balance at March 31	$	2,757		$	2,718

⁽¹⁾ See Note 15 for additional information on held for sale classification.

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

	2019			2018
	(in millions)
Balance at January 1	$	251		$	276
Capitalization of sales inducement costs	—			1
Amortization	—			(11		)
Impact of change in net unrealized (gains) losses on securities	(10		)	9
Balance at March 31	$	241		$	275