Deferred Acquisition Costs and Deferred Sales Inducement Costs

3 Months Ended

Mar. 31, 2020

Deferred Charges, Insurers [Abstract]

Deferred Acquisition Costs and Deferred Sales Inducement Costs

The balances of and changes in DAC were as follows:

	2020			2019
	(in millions)
Balance at January 1	$	2,673		$	2,742
Capitalization of acquisition costs	57			54
Amortization	(503		)	(2		)
Impact of change in net unrealized (gains) losses on securities	118			(59		)
Balance at March 31	$	2,345		$	2,735

The balances of and changes in DSIC, which is included in other assets, were as follows:

	2020			2019
	(in millions)
Balance at January 1	$	216		$	249
Amortization	(36		)	—
Impact of change in net unrealized (gains) losses on securities	15			(10		)
Balance at March 31	$	195		$	239