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INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS (Tables)

12 Months Ended

Dec. 31, 2022

The following reflects the changes to the DAC asset:


	Years Ended December 31,
	2022		2021
Balance, as of beginning of period	$	447,886	$	—

Deferrals	486,992		459,781
Amortized to expense during the period(1)	(84,445)		(23,492)
Adjustment for unrealized investment-related (gains) losses during the period	(21,435)		11,597
Balance, as of end of period	$	828,998	$	447,886

(1)These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations.

The following reflects the changes to the VOBA asset:


	Years Ended December 31,
	2022		2021
Balance, as of beginning of period	$	959,263	$	1,024,520
Amortized to expense during the period(1)	(65,580)		(65,257)

Balance, as of end of period	$	893,683	$	959,263

(1)These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations.

The following reflects the changes to the negative VOBA liability:


	Years Ended December 31,
	2022		2021
Balance, as of beginning of period	$	1,118,716	$	1,273,414
Amortized to expense during the period(1)	(139,035)		(154,698)
Balance, as of end of period	$	979,681	$	1,118,716

(1)These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations.

Estimated future amortization of VOBA and Negative VOBA as of December 31, 2022 is as follows:

The following reflects the changes to the URR and UFEL:


	Years Ended December 31,
	2022		2021
Balance, as of beginning of period	$	33,604	$	—
Deferrals	69,548		57,649
Amortized to expense during the period(1)	(23,886)		(12,247)
Adjustment for unrealized investment-related gains during the period	(79,266)		(11,798)
Balance, as of end of period	$	—	$	33,604

(1)These amounts are reported within policy fees in the consolidated statements of operations.