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

6 Months Ended

Jun. 30, 2026

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

Information regarding total deferred policy acquisition costs (“DAC”) and value of business acquired (“VOBA”) was as follows:


	Six Months Ended June 30,
	2026		2025 (1)
	(In millions)
DAC (2):
Balance, beginning of period	$	2,855	$	3,124
Capitalizations	105		48
Amortization	(125)		(133)
Balance, end of period	$	2,835	$	3,039


Total DAC and VOBA:
Balance at June 30, 2026			$	2,844
Balance at June 30, 2025			$	3,050
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.