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Deferred acquisition costs | 9 Months Ended
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Sep. 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 acquisition costs on long-duration contracts included in the Life Insurance segment:
| Nine Months Ended September 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 | 149 |  |  | 109 |  |  | 276 |  |  | 467 |  |  | 53 |  |  | 1,054 |
Amortization expense | (89) |  |  | (60) |  |  | (27) |  |  | (132) |  |  | (20) |  |  | (328) |
Other (including foreign exchange) | (1) |  |  | (2) |  |  | 2 |  |  | (8) |  |  | (3) |  |  | (12) |
Balance – end of period | $ | 461 |  |  | $ | 721 |  |  | $ | 785 |  |  | $ | 1,628 |  |  | $ | 304 |  |  | $ | 3,899 |
Overseas General Insurance segment excluded from table |  |  |  |  |  |  |  |  |  |  | 615 |
Total deferred policy acquisition costs on long-duration contracts |  |  |  |  |  |  |  |  |  |  | $ | 4,514 |
Deferred policy acquisition costs on short-duration contracts |  |  |  |  |  |  |  |  |  |  | 3,735 |
Total deferred policy acquisition costs |  |  |  |  |  |  |  |  |  |  | $ | 8,249 |
| Nine Months Ended September 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 | 131 |  |  | 85 |  |  | 103 |  |  | 396 |  |  | 27 |  |  | 742 |
Amortization expense | (76) |  |  | (55) |  |  | (18) |  |  | (98) |  |  | (19) |  |  | (266) |
Other (including foreign exchange) | (2) |  |  | (18) |  |  | 3 |  |  | (19) |  |  | (2) |  |  | (38) |
Balance – end of period | $ | 377 |  |  | $ | 651 |  |  | $ | 480 |  |  | $ | 1,170 |  |  | $ | 274 |  |  | $ | 2,952 |
Overseas General Insurance segment excluded from table |  |  |  |  |  |  |  |  |  |  | 621 |
Total deferred policy acquisition costs on long-duration contracts |  |  |  |  |  |  |  |  |  |  | $ | 3,573 |
Deferred policy acquisition costs on short-duration contracts |  |  |  |  |  |  |  |  |  |  | 3,283 |
Total deferred policy acquisition costs |  |  |  |  |  |  |  |  |  |  | $ | 6,856 |

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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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