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Deferred acquisition costs
 3 Months Ended
Mar. 31, 2023
Deferred Policy Acquisition Costs Disclosures [Abstract]  
Deferred Policy Acquisition Costs Deferred acquisition costs
Deferred acquisition costs comprise capitalized costs on short-duration contracts of $3,010 million and $2,808 million and long-duration contracts of $3,286 million and $2,974 million at March 31, 2023, and March 31, 2022, respectively. The assumptions used to amortize DAC were consistent with the assumptions used to estimate the liability for future policy benefits for nonparticipating traditional and limited-payment contracts.

The following tables present a roll-forward of deferred acquisitions costs on long-duration contracts included in the Life Insurance segment:

Three Months ended March 31, 2023
(in millions of U.S. dollars)Term LifeUniversal LifeWhole LifeA&HOtherTotal
Balance – beginning of period $320 $776 $395 $902 $121 $2,514 
Capitalizations36 25 24 126 3 214 
Amortization expense(24)(19)(5)(30)(5)(83)
Other (including foreign exchange)5 1 (1)(7)— (2)
Balance - end of period$337 $783 $413 $991 $119 $2,643 
Overseas General Insurance segment excluded from table643 
Total deferred acquisition costs on long-duration contracts$3,286 
Three Months ended March 31, 2022
(in millions of U.S. dollars)Term LifeUniversal LifeWhole LifeA&HOtherTotal
Balance – beginning of period $246 $771 $334 $745 $108 $2,204 
Capitalizations34 29 10 24 20 117 
Amortization expense(16)(18)(5)(25)(5)(69)
Other (including foreign exchange)5 (8)(2)— (3)(8)
Balance - end of period$269 $774 $337 $744 $120 $2,244 
Overseas General Insurance segment excluded from table730 
Total deferred acquisition costs on long-duration contracts$2,974