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Deferred acquisition costs (Tables) | 3 Months Ended
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Mar. 31, 2024
Deferred Policy Acquisition Costs Disclosures [Abstract] |
Deferred Policy Acquisition Costs | 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, 2024
(in millions of U.S. dollars) | Term Life |  | Universal Life |  | Whole Life |  | A&H |  | Other |  | Total
Balance – beginning of period | $ | 402 |  |  | $ | 674 |  |  | $ | 534 |  |  | $ | 1,301 |  |  | $ | 274 |  |  | $ | 3,185 |
Capitalizations | 47 |  |  | 33 |  |  | 85 |  |  | 158 |  |  | 16 |  |  | 339 |
Amortization expense | (28) |  |  | (20) |  |  | (8) |  |  | (41) |  |  | (7) |  |  | (104) |
Other (including foreign exchange) | (8) |  |  | 1 |  |  | (3) |  |  | 3 |  |  | (2) |  |  | (9) |
Balance - end of period | $ | 413 |  |  | $ | 688 |  |  | $ | 608 |  |  | $ | 1,421 |  |  | $ | 281 |  |  | $ | 3,411 |
Overseas General Insurance segment excluded from table |  |  |  |  |  |  |  |  |  |  | 616 |
Total deferred acquisition costs on long-duration contracts |  |  |  |  |  |  |  |  |  |  | $ | 4,027 |
| Three Months Ended March 31, 2023
(in millions of U.S. dollars) | Term Life |  | Universal Life |  | Whole Life |  | A&H |  | Other |  | Total
Balance – beginning of period | $ | 324 |  |  | $ | 639 |  |  | $ | 392 |  |  | $ | 891 |  |  | $ | 268 |  |  | $ | 2,514 |
Capitalizations | 42 |  |  | 25 |  |  | 28 |  |  | 123 |  |  | 4 |  |  | 222 |
Amortization expense | (24) |  |  | (19) |  |  | (5) |  |  | (30) |  |  | (6) |  |  | (84) |
Other (including foreign exchange) | 7 |  |  | (1) |  |  | 9 |  |  | (15) |  |  | (1) |  |  | (1) |
Balance - end of period | $ | 349 |  |  | $ | 644 |  |  | $ | 424 |  |  | $ | 969 |  |  | $ | 265 |  |  | $ | 2,651 |
Overseas General Insurance segment excluded from table |  |  |  |  |  |  |  |  |  |  | 642 |
Total deferred acquisition costs on long-duration contracts |  |  |  |  |  |  |  |  |  |  | $ | 3,293 |

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- Definition Tabular disclosure of the movement in deferred policy acquisition costs. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479432/944-30-50-2B Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479432/944-30-50-2B Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479401/944-30-55-2 + Details
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