Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)

12 Months Ended

Dec. 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		2020
	(in millions)
Balance at January 1	$	2,782	$	2,532	$	2,698
Capitalization of acquisition costs	197		280		228
Amortization	(216)		(184)		(177)
Amortization, impact of valuation assumptions review	8		60		(100)
Impact of change in net unrealized (gains) losses on securities	389		94		(117)
Balance at December 31	$	3,160	$	2,782	$	2,532

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		2020
	(in millions)
Balance at January 1	$	189	$	189	$	218
Capitalization of sales inducement costs	1		1		1
Amortization	(24)		(16)		(13)
Amortization, impact of valuation assumptions review	2		2		(16)
Impact of change in net unrealized (gains) losses on securities	15		13		(1)
Balance at December 31	$	183	$	189	$	189