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Deferred Policy Acquisition Costs and Value of Business Acquired
 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 Deferred Policy Acquisition Costs and Value of Business Acquired
The following tables present a rollforward of DAC and VOBA for the periods indicated:
2020
DACVOBATotal
Balance as of January 1, 2020$1,762 $464 $2,226 
Impact of ASU 2016-133 — 3 
Deferrals of commissions and expenses77 4 81 
Amortization:
Amortization, excluding unlocking(205)(82)(287)
Unlocking(1)
(41)(136)(177)
Interest accrued91 37 
(2)
128 
Net amortization included in Condensed Consolidated Statements of Operations(155)(181)(336)
Change due to unrealized capital gains/losses on available-for-sale securities(157)(148)(305)
Balance as of September 30, 2020$1,530 $139 $1,669 
2019
DACVOBATotal
Balance as of January 1, 2019$2,155 $818 $2,973 
Deferrals of commissions and expenses75 6 81 
Amortization:
Amortization, excluding unlocking(238)(106)(344)
Unlocking(1)
20 53 73 
Interest accrued93 42 
(2)
135 
Net amortization included in Condensed Consolidated Statements of Operations(125)(11)(136)
Change due to unrealized capital gains/losses on available-for-sale securities(351)(369)(720)
Balance as of September 30, 2019$1,754 $444 $2,198 
(1) Includes the impacts of annual review of assumptions which typically occurs in the third quarter; and retrospective and prospective unlocking. There was no loss recognition related to DAC/VOBA during the nine months ended September 30, 2020 and 2019.
(2) Interest accrued at the following rates for VOBA: 3.5% to 7.2% during 2020 and 3.5% and 7.4% during 2019.