Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)

3 Months Ended

Mar. 31, 2022

Deferred Charges, Insurers [Abstract]

Schedule of balances of and changes in DAC

The balances of and changes in DAC were as follows:

	2022		2021
	(in millions)
Balance at January 1	$	2,782	$	2,532
Capitalization of acquisition costs	53		65
Amortization	(96)		(5)
Impact of change in net unrealized (gains) losses on securities	189		93
Balance at March 31	$	2,928	$	2,685

Schedule of balances of and changes in DSIC

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

	2022		2021
	(in millions)
Balance at January 1	$	189	$	189
Amortization	(8)		(3)
Impact of change in net unrealized (gains) losses on securities	6		4
Balance at March 31	$	187	$	190