DAC

12 Months Ended

Dec. 31, 2021

Deferred Charges, Insurers [Abstract]

DAC

DAC

Changes in the DAC asset for the years ended December 31, 2021, 2020 and 2019 were as follows:

	Year Ended December 31,
	2021		2020		2019
	(in millions)
Balance, beginning of year	$	477	$	471	$	555
Capitalization of commissions, sales and issue expenses	122		95		108
Amortization:
Impact of assumptions updates and model changes	(4)		(8)		(39)
All other	(21)		(23)		(53)
Total amortization	(25)		(31)		(92)
Change in unrealized investment gains and losses	63		(58)		(100)
Balance, end of year	$	637	$	477	$	471