VOBA, DAC, and DSI

12 Months Ended

Dec. 31, 2017

Note 4. VOBA, DAC, and DSI

VOBA

The change in the carrying amount of VOBA for the years ended December 31, 2017 and 2016 was as follows:

	2017			2016
Balance at beginning of period	$	222,299		$	259,493
Accretion (amortization) expense		(7,460	)		(19,571	)
Unlocking		(8,459	)		(12,909	)
Adjustment related to realized (gains) losses on investments and OTTI		(942	)		105
Adjustment related to unrealized (gains) losses and OTTI on investments		(4,139	)		(4,819	)
Balance at end of period	$	201,299		$	222,299

The estimated future amortization of VOBA is as follows:

2018	$	17,743
2019		16,759
2020		15,449
2021		14,212
2022		13,587

DAC

The change in the carrying amount of DAC for the years ended December 31, 2017 and 2016 was as follows:

	2017			2016
Balance at beginning of period	$	33,901		$	37,500
Capitalization		22			81
Accretion (amortization) expense		(3,931	)		(5,207	)
Unlocking		215			1,527
Balance at end of period	$	30,207		$	33,901

DSI

The change in the carrying amount of DSI for the years ended December 31, 2017 and 2016 was as follows:

	2017			2016
Balance at beginning of period	$	7,708		$	8,518
Capitalization		2			33
Accretion (amortization) expense		(892	)		(1,190	)
Unlocking		49			347
Balance at end of period	$	6,867		$	7,708

For a complete discussion of the Company’s VOBA, DAC and DSI accounting policies, see Notes to Financial Statements, Note 1 Summary of Significant Accounting Policies.