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Deferred Policy Acquisition Costs and Value of Business Acquired
 9 Months Ended
Sep. 30, 2022
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:
2022
DACVOBATotal
Balance as of January 1, 2022$1,217 $161 $1,378 
Deferrals of commissions and expenses84 4 88 
Amortization:
Amortization, excluding unlocking (2)
(182)(28)(210)
Unlocking(1)
(29)(15)(44)
Interest accrued73 24 
(3)
97 
Net amortization included in Condensed Consolidated Statements of Operations(138)(19)(157)
Change due to unrealized capital gains/(losses) on available-for-sale securities933 652 1,585 
Balance as of September 30, 2022$2,096 $798 $2,894 
2021
DACVOBATotal
Balance as of January 1, 2021$1,440 $70 $1,510 
Deferrals of commissions and expenses73 5 78 
Amortization:
Amortization, excluding unlocking(2)
(590)(265)(855)
Unlocking(1)
(21)13 (8)
Interest accrued81 27 
(3)
108 
Net amortization included in Condensed Consolidated Statements of Operations(530)(225)(755)
Change due to unrealized capital gains/(losses) on available-for-sale securities211 293 504 
Balance as of September 30, 2021$1,194 $143 $1,337 
(1) Includes the impacts of annual review of assumptions which typically occurs in the third quarter; and retrospective and prospective unlocking.
(2) There was no loss recognition during 2022. During 2021, the Company recorded loss recognition of $351 and $87 for DAC and VOBA, respectively.
(3) Interest accrued at the following rates for VOBA: 3.5% to 7.2% during 2022 and 2021.