Deferred Acquisition Costs and Deferred Sales Inducement Costs

6 Months Ended

Jun. 30, 2021

Deferred Charges, Insurers [Abstract]

Deferred Acquisition Costs and Deferred Sales Inducement Costs

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	138		108
Amortization	(68)		(264)
Impact of change in net unrealized (gains) losses on securities	48		(43)
Balance at June 30	$	2,650	$	2,499

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
Capitalization of sales inducement costs	1		1
Amortization	(7)		(18)
Impact of change in net unrealized (gains) losses on securities	5		(5)
Balance at June 30	$	188	$	196