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Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)

6 Months Ended

Jun. 30, 2025

Deferred Charges, Insurers [Abstract]

Schedule of balances of and changes in DAC

The following tables summarize the balances of and changes in deferred acquisition costs (“DAC”):

			Variable Annuities						Structured Variable Annuities						Fixed Annuities						Fixed Indexed Annuities						Universal Life Insurance						Variable Universal Life Insurance
			(in millions)
Balance at January 1, 2025			$	1,402					$	276					$	28					$	4					$	103					$	553
Capitalization of acquisition costs			11						42						—						—						—						30
Amortization			(57)						(18)						(3)						—						(4)						(23)
Balance at June 30, 2025			$	1,356					$	300					$	25					$	4					$	99					$	560
			Indexed Universal Life Insurance						Other Life Insurance						Life Contingent Payout Annuities						Term and Whole Life Insurance						Disability Income Insurance						Total, All Products
			(in millions)
Balance at January 1, 2025			$	210					$	2					$	10					$	17					$	70					$	2,675
Capitalization of acquisition costs			1						—						1						1						2						88
Amortization			(8)						—						—						(1)						(4)						(118)
Balance at June 30, 2025			$	203					$	2					$	11					$	17					$	68					2,645
Other broker dealer acquisition costs																																	2
Balance at June 30, 2025 including broker dealer acquisition costs																																	$	2,647

			Variable Annuities						Structured Variable Annuities						Fixed Annuities						Fixed Indexed Annuities						Universal Life Insurance						Variable Universal Life Insurance
			(in millions)
Balance at January 1, 2024			$	1,496					$	208					$	35					$	5					$	110					$	534
Capitalization of acquisition costs			24						98						—						—						—						64
Amortization			(118)						(30)						(7)						(1)						(7)						(45)
Balance at December 31, 2024			$	1,402					$	276					$	28					$	4					$	103					$	553
			Indexed Universal Life Insurance						Other Life Insurance						Life Contingent Payout Annuities						Term and Whole Life Insurance						Disability Income Insurance						Total, All Products
			(in millions)
Balance at January 1, 2024			$	223					$	2					$	6					$	17					$	75					$	2,711
Capitalization of acquisition costs			3						—						5						2						3						199
Amortization			(16)						—						(1)						(2)						(8)						(235)
Balance at December 31, 2024			$	210					$	2					$	10					$	17					$	70					2,675
Other broker dealer acquisition costs																																	2
Balance at December 31, 2024 including broker dealer acquisition costs																																	$	2,677

Schedule of balances of and changes in DSIC

The following tables summarize the balances of and changes in deferred sales inducement costs (“DSIC”):

			Variable Annuities						Fixed Annuities												Total, All Products
			(in millions)
Balance at January 1, 2025			$	122					$	10											$	132
Amortization			(6)						(1)												(7)
Balance at June 30, 2025			$	116					$	9											$	125

			Variable Annuities						Fixed Annuities												Total, All Products
			(in millions)
Balance at January 1, 2024			$	136					$	12											$	148
Amortization			(14)						(2)												(16)
Balance at December 31, 2024			$	122					$	10											$	132

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- Definition

Tabular disclosure of the movement in deferred policy acquisition costs.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479401/944-30-55-2

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Tabular disclosure of deferred sale inducement cost.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B

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