Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2021

Deferred Policy Acquisition Costs Disclosures [Abstract]

Schedule Of Deferred Policy Acquisition Costs

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

	2021		2020		2019
	(in thousands)
Balance, beginning of year	$	2,433,936	$	1,855,698	$	1,613,922
Capitalization of commissions, sales and issue expenses	1,057,030		758,469		451,773
Amortization-Impact of assumption and experience unlocking and true-ups	40,482		(27,844)		(34,619)
Amortization-All other	(382,600)		(112,718)		(78,699)
Change due to unrealized investment gains and losses	(81,031)		(39,861)		(37,337)
Other (1)(2)(3)	3,763,155		192		(59,342)
Balance, end of year	$	6,830,972	$	2,433,936	$	1,855,698

(1) 2021 includes the impact of the 2021 Variable Annuities Recapture as well as the assuming of DAC upon Affiliated Reinsurance Agreement with PALAC. See Note 1 and Note 9 for additional information.

(2) 2020 represents the impact of the January 1, 2020 adoption of ASU 2016-13.

(3) 2019 represents ceded DAC upon reinsurance agreement with Prudential Arizona Reinsurance Term Company and Prudential Arizona Reinsurance Captive Company in 2019. See Note 9 for additional information.