Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)

9 Months Ended

Sep. 30, 2021

Deferred Charges, Insurers [Abstract]

Schedule of balances of and changes in DAC

	2021		2020
	(in millions)
Balance at January 1	$	2,532	$	2,698
Capitalization of acquisition costs	205		162
Amortization	(137)		(249)
Amortization, impact of valuation assumptions review	60		(100)
Impact of change in net unrealized (gains) losses on securities	75		(61)
Balance at September 30	$	2,735	$	2,450

Schedule of balances of and changes in DSIC

	2021		2020
	(in millions)
Balance at January 1	$	189	$	218
Capitalization of sales inducement costs	1		1
Amortization	(15)		(19)
Amortization, impact of valuation assumptions review	2		(16)
Impact of change in net unrealized (gains) losses on securities	11		(1)
Balance at September 30	$	188	$	183