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Value of Business Acquired
12 Months Ended
Dec. 31, 2019
Present Value of Future Insurance Profits [Abstract]  
Value of Business Acquired
VALUE OF BUSINESS ACQUIRED
 
The balances of and changes in VOBA as of and for the years ended December 31, are as follows:
 
 
2019
 
2018
 
2017
 
(in millions)
Balance, beginning of period
$
1,850

 
$
1,591

 
$
2,314

Amortization—Impact of assumption and experience unlocking and true-ups
(139
)
 
0

 
(56
)
Amortization—All other
(235
)
 
(276
)
 
(311
)
Change in unrealized investment gains and losses
(478
)
 
455

 
(456
)
Interest
64

 
69

 
75

Foreign currency translation
10

 
23

 
25

Other
38

 
(12
)
 
0

Balance, end of period
$
1,110

 
$
1,850

 
$
1,591



The following table provides VOBA balances for the year ended December 31, 2019.

 
VOBA
Balance
 
(in millions)
CIGNA
$
226

Prudential Annuities Holding Co.
$
32

Gibraltar Life
$
848

Gibraltar BSN Life Berhad
$
4

Aoba Life
$
0

The Hartford Life Business
$
0


The following table provides estimated future amortization, net of interest, for the periods indicated.
 
 
2020
 
2021
 
2022
 
2023
 
2024
 
(in millions)
Estimated future VOBA amortization
$
118

 
$
110

 
$
100

 
$
88

 
$
74