depending
on whether crediting is based on the policyholder’s or on the reporting entity’s investment performance. Resultant
deviations are reflected in income.
Unamortized DAC for life insurance contracts accrues interest at a rate consistent with the related assumptions
for reserves.
For traditional participating and investment type life insurance contracts, DAC is adjusted for the impact of unrealized
gains/(losses) on allocated investments that are recorded in OCI.