Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2022

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: 

	2022		2021		2020
	(in thousands)
Balance, beginning of year	$	6,830,972	$	2,433,936	$	1,855,698
Capitalization of commissions, sales and issue expenses	962,579		1,057,030		758,469
Amortization-Impact of assumption and experience unlocking and true-ups	(289,619)		40,482		(27,844)
Amortization-All other	(567,766)		(382,600)		(112,718)
Change due to unrealized investment gains and losses	251,513		(81,031)		(39,861)
Other (1)(2)(3)	(571,582)		3,763,155		192
Balance, end of year	$	6,616,097	$	6,830,972	$	2,433,936

(1)    2022 includes the impact of the reinsurance agreement with Lotus Reinsurance Company Ltd. ("Lotus Re"). See Note 9 for additional information.

(2)    2021 includes the impact of the 2021 Variable Annuities Recapture as well as the assuming of DAC upon Affiliated Reinsurance Agreement with FLIAC. See Note 1 and Note 9 for additional information.

(3)    2020 represents the impact of the January 1, 2020 adoption of ASU 2016-13.