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Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements (Tables)

6 Months Ended

Jun. 30, 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			—						334						38						372
Amortization			(177)						(80)						(25)						(282)
Interest			13						12						1						26
Unlocking			2						(1)						5						6
Adjustment for net unrealized investment (gains) losses			577						156						49						782
Balance at June 30, 2022			$	1,600					$	1,182					$	156					$	2,938
			VOBA						DAC						DSI						Total
Balance at January 1, 2021			$	1,466					$	222					$	36					$	1,724
Deferrals			—						278						44						322
Amortization			(204)						(16)						(12)						(232)
Interest			15						5						—						20
Unlocking			16						—						1						17
Adjustment for net unrealized investment (gains) losses			(15)						(27)						(5)						(47)
Purchase price allocation adjustments			61						—						—						61
Balance at June 30, 2021			$	1,339					$	462					$	64					$	1,865

Estimated Amortization Expense for VOBA in Future Fiscal Periods

For the in-force liabilities as of June 30, 2022, the estimated amortization expense for VOBA in future fiscal periods is as follows (in millions):

			Estimated Amortization Expense
Fiscal Year
2022			$	(17)
2023			86
2024			177
2025			161
2026			145
Thereafter			703

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- References

No definition available.

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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 https://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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ 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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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