XML 40 R31.htm IDEA: XBRL DOCUMENT v3.22.2.2
Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)
 9 Months Ended
Sep. 30, 2022
Deferred Charges, Insurers [Abstract]  
Schedule of balances of and changes in DAC
The balances of and changes in DAC were as follows:
20222021
(in millions)
Balance at January 1$2,782 $2,532 
Capitalization of acquisition costs151 205 
Amortization(363)(137)
Amortization, impact of valuation assumptions review8 60 
Impact of change in net unrealized (gains) losses on securities420 75 
Balance at September 30
$2,998 $2,735 
Schedule of balances of and changes in DSIC
The balances of and changes in deferred sales inducement costs (“DSIC”), which is included in Other assets, were as follows:
20222021
(in millions)
Balance at January 1$189 $189 
Capitalization of sales inducement costs1 1 
Amortization(35)(15)
Amortization, impact of valuation assumptions review2 2 
Impact of change in net unrealized (gains) losses on securities15 11 
Balance at September 30
$172 $188