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Deferred Policy Acquisition Costs (Tables) | 12 Months Ended
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Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Rollforward of Deferred Policy Acquisition Costs | The following table presents a rollforward of DAC:
Years Ended December 31, |  |  |  |  |
(in millions) | 2024 |  | 2023 |  | 2022
Balance, beginning of year | $ | 2,117 |  |  | $ | 2,343 |  |  | $ | 2,473 |
Capitalization | 3,519 |  |  | 4,157 |  |  | 3,732 |
Amortization expense | (3,425) |  |  | (3,771) |  |  | (3,545) |
Other, including foreign exchange | (146) |  |  | (34) |  |  | (317) |
Dispositions* | — |  |  | (578) |  |  | — |
Balance, end of year | $ | 2,065 |  |  | $ | 2,117 |  |  | $ | 2,343 |
*Includes amounts related to the sale of Validus Re through the date of disposition.

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