Deferred Acquisition Costs and Deferred Sales Inducement Costs

3 Months Ended

Mar. 31, 2021

Deferred Charges, Insurers [Abstract]

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

The balances of and changes in DAC were as follows:

	2021		2020
	(in millions)
Balance at January 1	$	2,532	$	2,698
Capitalization of acquisition costs	65		60
Amortization	(5)		(512)
Impact of change in net unrealized (gains) losses on securities	93		118
Balance at March 31	$	2,685	$	2,364

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

	2021		2020
	(in millions)
Balance at January 1	$	189	$	218
Amortization	(3)		(36)
Impact of change in net unrealized (gains) losses on securities	4		15
Balance at March 31	$	190	$	197