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v3.22.1

Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements (Tables) | 3 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Changes in Carrying Amounts of Intangible Assets, VOBA and DAC DSI | A summary of the changes in the carrying amounts of our VOBA, DAC and DSI intangible assets is as follows (in millions):
| VOBA |  | DAC |  | DSI |  | Total
Balance at January 1, 2022 | $ | 1,185 |  |  | $ | 761 |  |  | $ | 88 |  |  | $ | 2,034 |
Deferrals | — |  |  | 154 |  |  | 16 |  |  | 170 |
Amortization | (94) |  |  | (39) |  |  | (11) |  |  | (144) |
Interest | 7 |  |  | 6 |  |  | — |  |  | 13 |
Unlocking | (6) |  |  | (1) |  |  | 2 |  |  | (5) |
Adjustment for net unrealized investment (gains) losses | 318 |  |  | 88 |  |  | 21 |  |  | 427 |
Balance at March 31, 2022 | $ | 1,410 |  |  | $ | 969 |  |  | $ | 116 |  |  | $ | 2,495 |
| VOBA |  | DAC |  | DSI |  | Total
Balance at January 1, 2021 | $ | 1,466 |  |  | $ | 222 |  |  | $ | 36 |  |  | $ | 1,724 |
Deferrals | — |  |  | 133 |  |  | 21 |  |  | 154 |
Amortization | (132) |  |  | (8) |  |  | (8) |  |  | (148) |
Interest | 8 |  |  | 2 |  |  | — |  |  | 10 |
Unlocking | 1 |  |  | — |  |  | — |  |  | 1 |
Adjustment for net unrealized investment (gains) losses | 132 |  |  | (5) |  |  | — |  |  | 127 |
Balance at March 31, 2021 | $ | 1,475 |  |  | $ | 344 |  |  | $ | 49 |  |  | $ | 1,868 |
Estimated Amortization Expense for VOBA in Future Fiscal Periods | For the in-force liabilities as of March 31, 2022, the estimated amortization expense for VOBA in future fiscal periods is as follows (in millions):
| Estimated Amortization Expense
Fiscal Year |
2022 | $ | (19) |
2023 | 120 |
2024 | 157 |
2025 | 150 |
2026 | 138 |
Thereafter | 778 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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