| Deferred Acquisition Costs and Deferred Sales Inducement Costs |
Deferred Acquisition Costs and Deferred Sales Inducement Costs The following tables summarize the balances of and changes in DAC: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Variable Annuities | | Structured Variable Annuities | | Fixed Annuities | | Fixed Indexed Annuities | | Universal Life Insurance | | Variable Universal Life Insurance | | (in millions) | Balance at January 1, 2025 | $ | 1,402 | | | $ | 276 | | | $ | 28 | | | $ | 4 | | | $ | 103 | | | $ | 553 | | | Capitalization of acquisition costs | 23 | | | 88 | | | — | | | — | | | — | | | 62 | | | Amortization | (112) | | | (39) | | | (5) | | | (1) | | | (7) | | | (45) | | Balance at December 31, 2025 | $ | 1,313 | | | $ | 325 | | | $ | 23 | | | $ | 3 | | | $ | 96 | | | $ | 570 | | | | | | | | | | | | | | | Indexed Universal Life Insurance | | Other Life Insurance | | Life Contingent Payout Annuities | | Term and Whole Life Insurance | | Disability Income Insurance | | Total,
All Products | | (in millions) | Balance at January 1, 2025 | $ | 210 | | | $ | 2 | | | $ | 10 | | | $ | 17 | | | $ | 70 | | | $ | 2,675 | | | Capitalization of acquisition costs | 2 | | | — | | | 3 | | | 2 | | | 3 | | | 183 | | | Amortization | (15) | | | (1) | | | — | | | (2) | | | (8) | | | (235) | | Balance at December 31, 2025 | $ | 197 | | | $ | 1 | | | $ | 13 | | | $ | 17 | | | $ | 65 | | | 2,623 | | | Other broker dealer acquisition costs | | | | | | | | | | | 2 | | Balance at December 31, 2025 including broker dealer acquisition costs | | | | | | $ | 2,625 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Variable Annuities | | Structured Variable Annuities | | Fixed Annuities | | Fixed Indexed Annuities | | Universal Life Insurance | | Variable Universal Life Insurance | | (in millions) | Balance at January 1, 2024 | $ | 1,496 | | | $ | 208 | | | $ | 35 | | | $ | 5 | | | $ | 110 | | | $ | 534 | | | Capitalization of acquisition costs | 24 | | | 98 | | | — | | | — | | | — | | | 64 | | | Amortization | (118) | | | (30) | | | (7) | | | (1) | | | (7) | | | (45) | | Balance at December 31, 2024 | $ | 1,402 | | | $ | 276 | | | $ | 28 | | | $ | 4 | | | $ | 103 | | | $ | 553 | | | | | | | | | | | | | | | Indexed Universal Life Insurance | | Other Life Insurance | | Life Contingent Payout Annuities | | Term and Whole Life Insurance | | Disability Income Insurance | | Total,
All Products | | (in millions) | Balance at January 1, 2024 | $ | 223 | | | $ | 2 | | | $ | 6 | | | $ | 17 | | | $ | 75 | | | $ | 2,711 | | | Capitalization of acquisition costs | 3 | | | — | | | 5 | | | 2 | | | 3 | | | 199 | | | Amortization | (16) | | | — | | | (1) | | | (2) | | | (8) | | | (235) | | Balance at December 31, 2024 | $ | 210 | | | $ | 2 | | | $ | 10 | | | $ | 17 | | | $ | 70 | | | 2,675 | | | Other broker dealer acquisition costs | | | | | | | | | | | 2 | | Balance at December 31, 2024 including broker dealer acquisition costs | | | | | | $ | 2,677 | |
The following tables summarize the balances of and changes in DSIC: | | | | | | | | | | | | | | | | | | | | | Variable Annuities | | Fixed Annuities | | | | Total,
All Products | | (in millions) | Balance at January 1, 2025 | $ | 122 | | | $ | 10 | | | | | $ | 132 | | | | | | | | | | | Amortization | (12) | | | (2) | | | | | (14) | | Balance at December 31, 2025 | $ | 110 | | | $ | 8 | | | | | $ | 118 | |
| | | | | | | | | | | | | | | | | | | | | Variable Annuities | | Fixed Annuities | | | | Total,
All Products | | (in millions) | Balance at January 1, 2024 | $ | 136 | | | $ | 12 | | | | | $ | 148 | | | | | | | | | | | Amortization | (14) | | | (2) | | | | | (16) | | Balance at December 31, 2024 | $ | 122 | | | $ | 10 | | | | | $ | 132 | |
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