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Deferred Policy Acquisition Costs

12 Months Ended

Dec. 31, 2022

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs

9. DEFERRED POLICY ACQUISITION COSTS

Changes in DAC

			For the years ended December 31,
			2022			2021			2020
Balance, beginning of period			$	881		$	789		$	785
Deferred costs			1,947			1,751			1,666
Amortization — DAC			(1,835)			(1,680)			(1,706)
Add back amortization of value of business acquired [1]			9			21			47
DAC transferred to assets held for sale			—			—			(3)
Balance, end of period			$	1,002		$	881		$	789

[1]While the value of in-force contracts acquired from the Navigators Group acquisition is included in other intangible assets, the amortization of that asset is recorded as DAC amortization.

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- References

No definition available.

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- Definition

The entire disclosure for deferred policy acquisition costs.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 30
-URI https://asc.fasb.org/subtopic&trid=4737841

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