Deferred Policy Acquisition Costs and Present Value of Future Profits

9 Months Ended

Sep. 30, 2011

Deferred Policy Acquisition Costs and Present Value of Future Profits [Abstract]

Deferred Policy Acquisition Costs and Present Value of Future Profits

5. Deferred Policy Acquisition Costs and Present Value of Future Profits

Changes in the DAC balance are as follows:

	2011			2010
Balance, January 1	$	4,949		$	5,779
Deferred costs		385			383
Amortization — DAC		(350	)		(255	)
Amortization — Unlock benefit (charge), pre-tax		(192	)		141
Amortization — DAC from discontinued operations		—			(14	)
Adjustments to unrealized gains and losses on securities available-for-sale and other		(311	)		(1,380	)
Effect of currency translation		1			(1	)
Effect of new accounting guidance		—			11
Balance, September 30	$	4,482		$	4,664

The Unlock charge, pre-tax, for the nine months ended September 30, 2011 was driven by declines in equity markets and assumption changes which reduce expected future gross profits. The Unlock benefit, pre-tax, for the nine months ended September 30, 2010 was primarily driven by actual separate account returns being above our aggregated estimated return.