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Deferred Policy Acquisition Costs (Tables)
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Policy Acquisition Costs
The following table presents a roll forward of DAC:
Years Ended December 31,
(in millions)202220212020
Balance, beginning of year
$7,949 $7,241 $7,939 
Impact of CECL adoption— — 15 
Capitalizations991 1,000 889 
Amortization expense(1,420)(1,046)(532)
Change related to unrealized (appreciation) depreciation of investments5,631 760 (1,085)
Other, including foreign exchange(64)(6)15 
Balance, end of year
$13,087 $7,949 $7,241 
The following table presents a roll forward of VOBA:
Years Ended December 31,
(in millions)202220212020
Balance, beginning of year
$109 $122 $130 
Acquisitions— — — 
Amortization expense(11)(11)(11)
Change related to unrealized (appreciation) depreciation of investments4 (1)2 
Other, including foreign exchange(10)(1)1 
Balance, end of year
$92 $109 $122 
The following table presents a roll forward of DSI:
Years Ended December 31,
(in millions)202220212020
Balance, beginning of year
$307 $285 $437 
Capitalizations8 11 11 
Amortization expense(95)(116)(64)
Change related to unrealized (appreciation) depreciation of investments669 127 (99)
Balance, end of year
$889 $307 $285