Deferred Acquisition Costs (Tables)

6 Months Ended

Jun. 30, 2022

Activity Impacting Deferred Acquisition Costs

The following table presents the activity impacting deferred acquisition costs (“DAC”) for the dates indicated:

	As of or for the six months ended June 30,
(Amounts in millions)	2022			2021
Unamortized beginning balance	$	2,438		$	2,809
Costs deferred		1			3
Amortization, net of interest accretion		(152	)		(146	)
Unamortized ending balance		2,287			2,666
Accumulated effect of net unrealized investment (gains) losses		27			(1,454	)
Ending balance	$	2,314		$	1,212