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Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)
6 Months Ended
Jun. 30, 2011
Deferred Acquisition Costs and Deferred Sales Inducement Costs  
Schedule of balances of and changes in DAC

 

 

 

 

2011

 

2010

 

 

 

(in millions)

 

Balance at January 1

 

$

4,619

 

$

4,334

 

Capitalization of acquisition costs

 

249

 

233

 

Amortization

 

(254

)

(289

)

Impact of change in net unrealized securities gains

 

(32

)

(155

)

Balance at June 30

 

$

4,582

 

$

4,123

Schedule of balances of and changes in DSIC, included in other assets on the Consolidated Balance Sheets

 

 

 

 

2011

 

2010

 

 

 

(in millions)

 

Balance at January 1

 

$

545

 

$

524

 

Capitalization of sales inducement costs

 

5

 

26

 

Amortization

 

(30

)

(35

)

Impact of change in net unrealized securities gains

 

(5

)

(22

)

Balance at June 30

 

$

515

 

$

493