Deferred Acquisition Costs and Deferred Sales Inducement Costs

6 Months Ended

Jun. 30, 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	102		116
Amortization	(255)		(45)
Impact of change in net unrealized (gains) losses on securities	(43)		(123)
Balance at June 30	$	2,477	$	2,690

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
Capitalization of sales inducement costs	1		1
Amortization	(18)		(6)
Impact of change in net unrealized (gains) losses on securities	(5)		(19)
Balance at June 30	$	194	$	225