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Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-Related Intangibles
 12 Months Ended
Dec. 31, 2021
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]  
Deferred Policy Acquisition Costs, Value of Business Acquired and Deferred Sales Inducements 4. Deferred Policy Acquisition Costs, Value of Business Acquired and Deferred Sales Inducements
See Note 1 for a description of capitalized acquisition costs.
Information regarding DAC and VOBA was as follows:
Years Ended December 31,
202120202019
(In millions)
DAC:
Balance at January 1,$3,870 $4,327 $4,518 
Capitalizations492 406 365 
Amortization related to net investment gains (losses) and net derivative gains (losses)68 105 220 
All other amortization(179)(776)(586)
Total amortization(111)(671)(366)
Unrealized investment gains (losses)88 (192)(190)
Balance at December 31,4,339 3,870 4,327 
VOBA:
Balance at January 1,487 482 568 
Amortization related to net investment gains (losses) and net derivative gains (losses)— — (1)
All other amortization6 (25)(28)
Total amortization6 (25)(29)
Unrealized investment gains (losses)19 30 (57)
Balance at December 31,512 487 482 
Total DAC and VOBA:
Balance at December 31,$4,851 $4,357 $4,809 
The estimated future VOBA amortization expense to be reported in other expenses for the next five years is $73 million in 2022, $63 million in 2023, $54 million in 2024, $46 million in 2025 and $40 million in 2026.
Information regarding DSI was as follows:
Years Ended December 31,
202120202019
(In millions)
DSI:
Balance at January 1,$295 $362 $391 
Capitalization1 2 2 
Amortization(3)(69)(36)
Unrealized investment gains (losses)— — 5 
Balance at December 31,$293 $295 $362