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VOBA |
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64% Average invested assets $532,746 $519,669 $485,978 $525,911 $477,699 Average cash/equivalents & short terms (4) 47,363 62,679 94,583 55,353 102,189 --------- --------- --------- --------- --------- Total average cash and invested assets $580,109 $582,348 $580,562 $581,264 $579,888 ============================= =================== (1) DAC: Deferred Acquisition Costs; VOBA: Value of Business Acquired. B) Represents amortization of deferred acquisition costs (DAC), value of business acquired (VOBA) and deferred sales inducements on the open block realized/unrealized gains and losses that are included in our product margins. 60% Average invested assets $ 519,669 $ 495,358 $ 473,352 Average cash/equivalents & short terms (4) 62,679 95,232 105,578 ---------- ----------- ---------- Total average cash and invested assets $ 582,348 $ 590,591 $ 578,929 (1) DAC: Deferred Acquisition Costs; VOBA: Value of Business Acquired. |
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