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Deferred acquisition costs | 6 Months Ended
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Jun. 30, 2024
Deferred Policy Acquisition Costs Disclosures [Abstract] |
Deferred Policy Acquisition Costs | Deferred policy acquisition costs The following tables present a roll-forward of deferred policy acquisitions costs on long-duration contracts included in the Life Insurance segment:
| Six Months Ended June 30, 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 | 98 |  |  | 70 |  |  | 170 |  |  | 311 |  |  | 36 |  |  | 685 |
Amortization expense | (58) |  |  | (39) |  |  | (17) |  |  | (86) |  |  | (14) |  |  | (214) |
Other (including foreign exchange) | (6) |  |  | (25) |  |  | (14) |  |  | (30) |  |  | (7) |  |  | (82) |
Balance - end of period | $ | 436 |  |  | $ | 680 |  |  | $ | 673 |  |  | $ | 1,496 |  |  | $ | 289 |  |  | $ | 3,574 |
Overseas General Insurance segment excluded from table |  |  |  |  |  |  |  |  |  |  | 592 |
Total deferred policy acquisition costs on long-duration contracts |  |  |  |  |  |  |  |  |  |  | $ | 4,166 |
Deferred policy acquisition costs on short-duration contracts |  |  |  |  |  |  |  |  |  |  | 3,646 |
Total deferred policy acquisition costs |  |  |  |  |  |  |  |  |  |  | $ | 7,812 |
| Six Months Ended June 30, 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 | 84 |  |  | 54 |  |  | 62 |  |  | 249 |  |  | 9 |  |  | 458 |
Amortization expense | (50) |  |  | (37) |  |  | (11) |  |  | (62) |  |  | (13) |  |  | (173) |
Other (including foreign exchange) | 12 |  |  | 9 |  |  | 10 |  |  | (2) |  |  | — |  |  | 29 |
Balance - end of period | $ | 370 |  |  | $ | 665 |  |  | $ | 453 |  |  | $ | 1,076 |  |  | $ | 264 |  |  | $ | 2,828 |
Overseas General Insurance segment excluded from table |  |  |  |  |  |  |  |  |  |  | 651 |
Total deferred policy acquisition costs on long-duration contracts |  |  |  |  |  |  |  |  |  |  | $ | 3,479 |
Deferred policy acquisition costs on short-duration contracts |  |  |  |  |  |  |  |  |  |  | 3,187 |
Total deferred policy acquisition costs |  |  |  |  |  |  |  |  |  |  | $ | 6,666 |

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- Definition The entire disclosure for deferred policy acquisition costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/944-30/tableOfContent + Details
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