Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)

9 Months Ended

Sep. 30, 2020

Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]

Deferred Policy Acquisition Costs and Value of Business Acquired

The following tables present a rollforward of DAC and VOBA for the periods indicated:

	2020
	DAC		VOBA			Total
Balance as of January 1, 2020	$	288	$	305		$	593
Impact of ASU 2016-13	2		—			2
Deferrals of commissions and expenses	41		1			42
Amortization:
Amortization, excluding unlocking	(64)		(52)			(116)
Unlocking (1)	(17)		(121)			(138)
Interest accrued	26		25		(2)	51
Net amortization included in the Condensed Consolidated Statements of Operations	(55)		(148)			(203)
Change due to unrealized capital gains/losses on available-for-sale securities	(142)		(142)			(284)
Balance as of September 30, 2020	$	134	$	16		$	150

	2019
	DAC		VOBA			Total
Balance as of January 1, 2019	$	536	$	551		$	1,087
Deferrals of commissions and expenses	29		4			33
Amortization:
Amortization, excluding unlocking	(52)		(50)			(102)
Unlocking (1)	5		2			7
Interest accrued	26		29		(2)	55
Net amortization included in the Condensed Consolidated Statements of Operations	(21)		(19)			(40)
Change due to unrealized capital gains/losses on available-for-sale securities	(274)		(246)			(520)
Balance as of September 30, 2019	$	270	$	290		$	560