XML 48 R36.htm IDEA: XBRL DOCUMENT v3.24.1.u1
DAC AND OTHER DEFERRED ASSETS/LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2024
Contract Holder Bonus Interest Credits [Abstract]  
Schedule of Reconciliation of Deferred Acquisition Cost
The following table presents a reconciliation of DAC to the consolidated balance sheets:
March 31,December 31,
20242023
(in millions)
Protection Solutions
Term$331 $337 
Universal Life
174 174 
Variable Universal Life
1,009 987 
Indexed Universal Life
187 188 
Individual Retirement
GMxB Core
1,604 1,602 
EQUI-VEST Individual
154 155 
Investment Edge180 172 
SCS1,655 1,571 
Legacy Segment
GMxB Legacy546 555 
Group Retirement
EQUI-VEST Group
747 742 
Momentum80 82 
Corporate and Other
114 116 
Other
23 24 
Total$6,804 $6,705 
Schedule of Deferred Policy Acquisition Costs
Changes in the DAC asset were as follows:
Three Months Ended March 31, 2024
Protection SolutionsIndividual RetirementLegacyGroup RetirementCorporate and OtherTotal
TermULVUL IUL GMxB CoreEI IE SCSGMxB LegacyEG MomentumCB (1)
(in millions)
Balance, beginning of period$337 $174 $987 $188 $1,602 $155 $172 $1,571 $555 $742 $82 $116 $6,681 
Capitalization 4 3 37 2 39 2 12 148 7 15 2 — 271 
Amortization (2)(10)(3)(15)(3)(37)(3)(4)(64)(16)(10)(4)(2)(171)
Balance, end of period$331 $174 $1,009 $187 $1,604 $154 $180 $1,655 $546 $747 $80 $114 $6,781 
______________
(1)“CB” defined as Closed Block.
(2)DAC amortization of $1 million related to Other not reflected in table above.

Three Months Ended March 31, 2023
Protection SolutionsIndividual RetirementLegacyGroup RetirementCorporate and OtherTotal
TermULVUL IUL GMxB CoreEI IE SCSGMxB LegacyEG Momentum
CB
(in millions)
Balance, beginning of period$362 $179 $889 $185 $1,625 $156 $148 $1,279 $593 $710 $89 $127 $6,342 
Capitalization4 1 35 3 19 3 11 101 6 16 3 — 202 
Amortization (1)
(10)(3)(14)(3)(35)(3)(3)(47)(16)(10)(5)(3)(152)
Balance, end of period$356 $177 $910 $185 $1,609 $156 $156 $1,333 $583 $716 $87 $124 $6,392 
Changes in the Individual Retirement sales inducement assets were as follows:
Three Months Ended March 31,
20242023
GMxB CoreGMxB LegacyGMxB CoreGMxB Legacy
(in millions)
Balance, beginning of period$127 $179 $137 $200 
Capitalization1 — — — 
Amortization(3)(5)(3)(5)
Balance, end of period$125 $174 $134 $195 
Changes in the Protection Solutions unearned revenue liability were as follows:
Three Months Ended March 31,
20242023
ULVULIULULVULIUL
(in millions)
Balance, beginning of period$107 $754 $210 $95 $684 $157 
Capitalization4 32 14 5 27 17 
Amortization(2)(12)(3)(2)(10)(3)
Balance, end of period$109 $774 $221 $98 $701 $171