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Deferred Policy Acquisition Costs, Value of Business Acquired and Other Intangibles
 3 Months Ended
Mar. 31, 2023
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]  
Deferred Policy Acquisition Costs, Value of Business Acquired and Other Intangibles Deferred Policy Acquisition Costs, Value of Business Acquired and Other Intangibles
Deferred Policy Acquisition Costs and Value of Business Acquired
Information regarding DAC and VOBA was as follows:
Variable AnnuitiesFixed Rate AnnuitiesIndex-linked AnnuitiesTerm and Whole Life InsuranceUniversal Life Insurance
(In millions)
Three Months Ended March 31, 2023
DAC:
Balance, beginning of period$2,508 $107 $1,213 $405 $392 
Capitalization11 4 80 1 3 
Amortization(63)(3)(54)(14)(12)
Balance, end of period2,456 108 1,239 392 383 
VOBA:
Balance, beginning of period341 65 — 5 48 
Amortization(8)(1)— — (1)
Balance, end of period333 64 — 5 47 
Total DAC and VOBA:
Balance, end of period$2,789 $172 $1,239 $397 $430 
Three Months Ended March 31, 2022
DAC:
Balance, beginning of period$2,718 $89 $1,081 $462 $431 
Capitalization21 5 80 — 2 
Amortization(67)(3)(47)(15)(13)
Balance, end of period2,672 91 1,114 447 420 
VOBA:
Balance, beginning of period377 70 — 6 54 
Amortization(9)(1)— — (2)
Balance, end of period368 69 — 6 52 
Total DAC and VOBA:
Balance, end of period$3,040 $160 $1,114 $453 $472 
Variable AnnuitiesFixed Rate AnnuitiesIndex-linked AnnuitiesTerm and Whole Life InsuranceUniversal Life Insurance
(In millions)
DAC:
Adjusted balance at January 1, 2021 (1)$2,912 $64 $886 $527 $469 
Capitalization90 37 354 (3)16 
Amortization(284)(12)(159)(62)(54)
Balance at December 31, 20212,718 89 1,081 462 431 
Capitalization55 30 330 (1)11 
Amortization(265)(12)(198)(56)(50)
Balance at December 31, 2022$2,508 $107 $1,213 $405 $392 
VOBA:
Adjusted balance at January 1, 2021 (1)$428 $76 $— $8 $61 
Amortization(51)(6)— (2)(7)
Balance at December 31, 2021377 70 — 6 54 
Amortization(36)(5)— (1)(6)
Balance at December 31, 2022341 65 — 5 48 
Total DAC and VOBA:
Balance at December 31, 2022$2,849 $172 $1,213 $410 $440 
Balance at December 31, 2021$3,095 $159 $1,081 $468 $485 
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(1)Includes an adjustment to eliminate balances included in AOCI related to the adoption of ASU 2018-12 (see Note 2).
Deferred Sales Inducements
Information regarding DSI, included in other assets, was as follows:
Three Months Ended March 31,
20232022
Variable AnnuitiesFixed Rate AnnuitiesVariable AnnuitiesFixed Rate Annuities
(In millions)
Balance, beginning of period$245 $9 $272 $10 
Amortization(7)— (7)— 
Balance, end of period$238 $9 $265 $10 
Unearned Revenue
Information regarding unearned revenue, included in other policy-related balances, was as follows:
Three Months Ended March 31,
20232022
Universal Life InsuranceULSGVariable AnnuitiesUniversal Life InsuranceULSGVariable Annuities
(In millions)
Balance, beginning of period$356 $488 $74 $358 $344 $80 
Capitalization10 44 — 10 46 — 
Amortization(10)(11)(1)(10)(8)(1)
Balance, end of period$356 $521 $73 $358 $382 $79