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Deferred Policy Acquisition Costs and Value of Business Acquired
 3 Months Ended
Mar. 31, 2020
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]  
Deferred Policy Acquisition Costs and Value of Business Acquired 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
$
1,762

 
$
464

 
$
2,226

Impact of ASU 2016-13

3

 
—

 
3

Deferrals of commissions and expenses
26

 
—

 
26

Amortization:
 
 
 
 
 
Amortization, excluding unlocking
(74
)
 
(22
)
 
(96
)
Unlocking(1)
(12
)
 
(13
)
 
(25
)
Interest accrued
31

 
14

(2) 
45

Net amortization included in Condensed Consolidated Statements of Operations
(55
)
 
(21
)
 
(76
)
Change due to unrealized capital gains/losses on available-for-sale securities
226

 
198

 
424

Balance as of March 31, 2020
$
1,962

 
$
641

 
$
2,603

 
 
 
 
 
 
 
2019
 
DAC
 
VOBA
 
Total
Balance as of January 1, 2019
$
2,155

 
$
818

 
$
2,973

Deferrals of commissions and expenses
23

 
2

 
25

Amortization:
 
 
 
 
 
Amortization, excluding unlocking
(88
)
 
(36
)
 
(124
)
Unlocking(1)
7

 
15

 
22

Interest accrued
31

 
14

(2) 
45

Net amortization included in Condensed Consolidated Statements of Operations
(50
)
 
(7
)
 
(57
)
Change due to unrealized capital gains/losses on available-for-sale securities
(185
)
 
(146
)
 
(331
)
Balance as of March 31, 2019
$
1,943

 
$
667

 
$
2,610


(1) Includes the impacts of annual review of assumptions which typically occurs in the third quarter; and retrospective and prospective unlocking.
(2) Interest accrued at the following rates for VOBA: 3.5% to 7.4% during 2020 and 2019.