XML 34 R22.htm IDEA: XBRL DOCUMENT v3.20.2
Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)
 6 Months Ended
Jun. 30, 2020
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]  
Deferred Policy Acquisition Costs and Value of Business Acquired
The following tables present a rollforward of DAC and VOBA for the periods indicated:
2020
DACVOBATotal
Balance as of January 1, 2020$288  $305  $593  
Impact of ASU 2016-13 2  —  2  
Deferrals of commissions and expenses28  2  30  
Amortization:
Amortization, excluding unlocking(45) (40) (85) 
Unlocking (1)
6  —  6  
Interest accrued18  18  
(2)
36  
Net amortization included in the Condensed Consolidated Statements of Operations(21) (22) (43) 
Change due to unrealized capital gains/losses on available-for-sale securities(86) (101) (187) 
Balance as of June 30, 2020$211  $184  $395  
2019
DACVOBATotal
Balance as of January 1, 2019$536  $551  $1,087  
Deferrals of commissions and expenses27  3  30  
Amortization:
Amortization, excluding unlocking(31) (27) (58) 
Unlocking (1)
2  10  12  
Interest accrued18  19  
(2)
37  
Net amortization included in the Condensed Consolidated Statements of Operations(11) 2  (9) 
Change due to unrealized capital gains/losses on available-for-sale securities(203) (183) (386) 
Balance as of June 30, 2019$349  $373  $722