| 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.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 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 | 512 | | | 842 | | | 23 | | | 69 | | | 681 | | | — | | | 2,127 | | | Amortization | (342) | | | (282) | | | (22) | | | (6) | | | (206) | | | (305) | | | (1,163) | | | | | | | | | | | | | | | | | Balance at September 30, 2026 | $ | 1,641 | | | $ | 3,695 | | | $ | 67 | | | $ | 88 | | | $ | 2,586 | | | $ | 1,521 | | | $ | 9,598 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 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 | 572 | | | 863 | | | 51 | | | 7 | | | 617 | | | — | | | 2,110 | | | Amortization | (265) | | | (195) | | | (17) | | | (1) | | | (136) | | | (300) | | | (914) | | | Other | 1 | | | — | | | — | | | — | | | — | | | — | | | 1 | | | Balance at September 30, 2025 | $ | 1,466 | | | $ | 2,946 | | | $ | 74 | | | $ | 17 | | | $ | 1,957 | | | $ | 1,910 | | | $ | 8,370 | |
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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.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 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 | 512 | | | 842 | | | 23 | | | 69 | | | 681 | | | — | | | 2,127 | | | Amortization | (342) | | | (282) | | | (22) | | | (6) | | | (206) | | | (305) | | | (1,163) | | | | | | | | | | | | | | | | | Balance at September 30, 2026 | $ | 1,641 | | | $ | 3,695 | | | $ | 67 | | | $ | 88 | | | $ | 2,586 | | | $ | 1,521 | | | $ | 9,598 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 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 | 572 | | | 863 | | | 51 | | | 7 | | | 617 | | | — | | | 2,110 | | | Amortization | (265) | | | (195) | | | (17) | | | (1) | | | (136) | | | (300) | | | (914) | | | Other | 1 | | | — | | | — | | | — | | | — | | | — | | | 1 | | | Balance at September 30, 2025 | $ | 1,466 | | | $ | 2,946 | | | $ | 74 | | | $ | 17 | | | $ | 1,957 | | | $ | 1,910 | | | $ | 8,370 | |
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