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Deferred Acquisition Costs and Deferred Sales Inducement Costs
3 Months Ended
Mar. 31, 2022
Deferred Charges, Insurers [Abstract]  
Deferred Acquisition Costs and Deferred Sales Inducement Costs Deferred Acquisition Costs and Deferred Sales Inducement Costs
The balances of and changes in DAC were as follows:
20222021
(in millions)
Balance at January 1$2,782 $2,532 
Capitalization of acquisition costs53 65 
Amortization
(96)(5)
Impact of change in net unrealized (gains) losses on securities189 93 
Balance at March 31
$2,928 $2,685 
The balances of and changes in DSIC, which is included in Other assets, were as follows:
20222021
(in millions)
Balance at January 1$189 $189 
Amortization(8)(3)
Impact of change in net unrealized (gains) losses on securities
Balance at March 31
$187 $190