Deferred Policy Acquisition Costs

12 Months Ended

Dec. 31, 2016

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs

DEFERRED POLICY ACQUISITION COSTS

The balances of and changes in DAC as of and for the years ended December 31, were as follows: 

	2016			2015			2014
	(in thousands)
Balance, beginning of year	$	5,129,931		$	5,081,938		$	5,045,025
Capitalization of commissions, sales and issue expenses	316,828			616,002			626,718
Amortization-Impact of assumption and experience unlocking and true-ups	130,652			112,039			276,743
Amortization-All other	(758,753		)	(771,208		)	(708,555		)
Change in unrealized investment gains and losses	(28,723		)	91,160			(67,056		)
Other(1)	(3,448,842		)	0			(90,937		)
Balance, end of year	$	1,341,093		$	5,129,931		$	5,081,938

(1) Represents ceded DAC upon reinsurance agreements with PALAC and Prudential Insurance in 2016 and PURC in 2014. See Note 1 and Note 12 for additional information.

Prior period amounts in the table above have been revised to correct previously reported amounts. These prior period revisions have also been reflected in the Consolidated Financial Statements. See Note 16 for a more detailed description of the revisions.