Deferred Policy Acquisition Costs, Value of Business Acquired and Unearned Revenue

3 Months Ended

Mar. 31, 2026

Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]

Intangible Assets and Liabilities and Unearned Revenue, excluding Goodwill [Text Block]

7. Deferred Policy Acquisition Costs and Value of Business Acquired

Information regarding total Deferred Acquisition Costs (“DAC”) and Value of Business Acquired (“VOBA”) was as follows:


	Three Months Ended March 31,
	2026		2025 (1)
	(In millions)
DAC (2):
Balance, beginning of period	$	2,855	$	3,124
Capitalizations	53		22
Amortization	(63)		(67)
Balance, end of period	$	2,845	$	3,079


Total DAC and VOBA:
Balance at March 31, 2026			$	2,855
Balance at March 31, 2025			$	3,090
Balance at December 31, 2025			$	2,865

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(1)See Note 2 for information on the Company’s reorganization to a single segment.

(2)Includes DAC balances primarily related to whole life, variable annuities, disability income, term life, long-term care and universal life products.