Deferred Policy Acquisition Costs and Present Value of Future Profits

6 Months Ended

Jun. 30, 2013

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

Deferred Policy Acquisition Costs and Present Value of Future Profits

Deferred Policy Acquisition Costs and Present Value of Future Profits

Changes in the DAC balance are as follows:

	Six Months Ended June 30,
	2013			2012
Balance, beginning of period	$	5,725		$	6,556
Deferred costs	668			852
Amortization — DAC	(806		)	(910		)
Amortization — Unlock benefit (charge), pre-tax [1]	(921		)	35
Amortization — DAC related to business dispositions [2] [3]	(2,229		)	—
Adjustments to unrealized gains and losses on securities AFS and other	121			(159		)
Effect of currency translation	(86		)	(38		)
Balance, end of period	$	2,472		$	6,336

[1] Includes Unlock charge of $887 related to elimination of future estimated gross profits on the Japan variable annuity block in the first quarter of 2013 due to the increased costs associated with expanding the Japan variable annuity hedging program.

[2] Includes accelerated amortization of $352 and $2,374 recognized upon the sale of the Retirement Plans and Individual Life businesses, respectively, in the first quarter of 2013. For further information, see Note 2 - Business Dispositions of Notes to Consolidated Financial Statements.

[3] Includes previously unrealized gains on securities AFS of $148 and $349 recognized upon the sale of the Retirement Plans and Individual Life businesses, respectively, in the first quarter of 2013.