| Deferred Acquisition Costs |
The following represents a rollforward of deferred acquisition costs (DAC) and deferred sales inducement (DSI) by product, and a rollforward of value of business acquired (VOBA). See Note 7 – Long-duration Contracts for more information on our products.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2026 | | DAC | | DSI | | VOBA | | Total DAC, DSI and VOBA | | (In millions) | Traditional deferred annuities | | Indexed annuities | | Funding agreements | | Other investment-type and other | | Indexed annuities | | | | Balance at December 31, 2025 | $ | 1,471 | | | $ | 3,135 | | | $ | 66 | | | $ | 25 | | | $ | 2,111 | | | $ | 1,826 | | | $ | 8,634 | | | Additions | 366 | | | 511 | | | 14 | | | 48 | | | 394 | | | — | | | 1,333 | | | Amortization | (219) | | | (174) | | | (15) | | | (3) | | | (124) | | | (152) | | | (687) | | | Other | (1) | | | — | | | — | | | — | | | — | | | — | | | (1) | | | Balance at June 30, 2026 | $ | 1,617 | | | $ | 3,472 | | | $ | 65 | | | $ | 70 | | | $ | 2,381 | | | $ | 1,674 | | | $ | 9,279 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2025 | | DAC | | DSI | | VOBA | | Total DAC, DSI and VOBA | | (In millions) | Traditional deferred annuities | | Indexed annuities | | Funding agreements | | Other investment-type and other | | Indexed annuities | | | | Balance at December 31, 2024 | $ | 1,158 | | | $ | 2,278 | | | $ | 40 | | | $ | 11 | | | $ | 1,476 | | | $ | 2,210 | | | $ | 7,173 | | | Additions | 366 | | | 560 | | | 26 | | | 5 | | | 408 | | | — | | | 1,365 | | | Amortization | (169) | | | (122) | | | (11) | | | (1) | | | (84) | | | (172) | | | (559) | | | Other | 2 | | | — | | | — | | | — | | | — | | | — | | | 2 | | | Balance at June 30, 2025 | $ | 1,357 | | | $ | 2,716 | | | $ | 55 | | | $ | 15 | | | $ | 1,800 | | | $ | 2,038 | | | $ | 7,981 | |
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| Deferred Sales Inducements |
The following represents a rollforward of deferred acquisition costs (DAC) and deferred sales inducement (DSI) by product, and a rollforward of value of business acquired (VOBA). See Note 7 – Long-duration Contracts for more information on our products.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2026 | | DAC | | DSI | | VOBA | | Total DAC, DSI and VOBA | | (In millions) | Traditional deferred annuities | | Indexed annuities | | Funding agreements | | Other investment-type and other | | Indexed annuities | | | | Balance at December 31, 2025 | $ | 1,471 | | | $ | 3,135 | | | $ | 66 | | | $ | 25 | | | $ | 2,111 | | | $ | 1,826 | | | $ | 8,634 | | | Additions | 366 | | | 511 | | | 14 | | | 48 | | | 394 | | | — | | | 1,333 | | | Amortization | (219) | | | (174) | | | (15) | | | (3) | | | (124) | | | (152) | | | (687) | | | Other | (1) | | | — | | | — | | | — | | | — | | | — | | | (1) | | | Balance at June 30, 2026 | $ | 1,617 | | | $ | 3,472 | | | $ | 65 | | | $ | 70 | | | $ | 2,381 | | | $ | 1,674 | | | $ | 9,279 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2025 | | DAC | | DSI | | VOBA | | Total DAC, DSI and VOBA | | (In millions) | Traditional deferred annuities | | Indexed annuities | | Funding agreements | | Other investment-type and other | | Indexed annuities | | | | Balance at December 31, 2024 | $ | 1,158 | | | $ | 2,278 | | | $ | 40 | | | $ | 11 | | | $ | 1,476 | | | $ | 2,210 | | | $ | 7,173 | | | Additions | 366 | | | 560 | | | 26 | | | 5 | | | 408 | | | — | | | 1,365 | | | Amortization | (169) | | | (122) | | | (11) | | | (1) | | | (84) | | | (172) | | | (559) | | | Other | 2 | | | — | | | — | | | — | | | — | | | — | | | 2 | | | Balance at June 30, 2025 | $ | 1,357 | | | $ | 2,716 | | | $ | 55 | | | $ | 15 | | | $ | 1,800 | | | $ | 2,038 | | | $ | 7,981 | |
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