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Deferred Policy Acquisition Costs (Tables)
 9 Months Ended
Sep. 30, 2024
Deferred Costs [Abstract]  
Deferred Policy Acquisition Costs And Asset Reconciliation, Including the Amortized Deferred Policy Acquisition Costs
The table below shows the deferred policy acquisition costs and asset reconciliation.
(Dollars in millions)Three months ended September 30,Nine months ended September 30,
2024202320242023
Property casualty:
Deferred policy acquisition costs asset, beginning of period$878 $771 $749 $682 
Capitalized deferred policy acquisition costs436 355 1,318 1,134 
Amortized deferred policy acquisition costs(427)(366)(1,180)(1,056)
Deferred policy acquisition costs asset, end of period$887 $760 $887 $760 
Life:
Deferred policy acquisition costs asset, beginning of period$351 $338 $344 $331 
Capitalized deferred policy acquisition costs11 10 33 32 
Amortized deferred policy acquisition costs(8)(7)(23)(22)
Deferred policy acquisition costs asset, end of period$354 $341 $354 $341 
Consolidated:
Deferred policy acquisition costs asset, beginning of period$1,229 $1,109 $1,093 $1,013 
Capitalized deferred policy acquisition costs447 365 1,351 1,166 
Amortized deferred policy acquisition costs(435)(373)(1,203)(1,078)
Deferred policy acquisition costs asset, end of period$1,241 $1,101 $1,241 $1,101 
Life Deferred Policy Acquisition Costs by Product
The table below shows the life deferred policy acquisition costs asset by product:
(Dollars in millions)
Three months ended September 30, 2024TermWhole lifeDeferred annuityUniversal lifeTotal
Balance, beginning of period$241 $50 $8 $52 $351 
Capitalized deferred policy acquisition costs9 1 — 1 11 
Amortized deferred policy acquisition costs(7)— — (1)(8)
Balance, end of period$243 $51 $8 $52 $354 
Three months ended September 30, 2023
Balance, beginning of period$233 $45 $8 $52 $338 
Capitalized deferred policy acquisition costs8 2 — — 10 
Amortized deferred policy acquisition costs(7)— — — (7)
Balance, end of period$234 $47 $8 $52 $341 
(Dollars in millions)
Nine months ended September 30, 2024TermWhole lifeDeferred annuityUniversal lifeTotal
Balance, beginning of period$236 $48 $8 $52 $344 
Capitalized deferred policy acquisition costs25 5 1 2 33 
Amortized deferred policy acquisition costs(18)(2)(1)(2)(23)
Balance, end of period$243 $51 $8 $52 $354 
Nine months ended September 30, 2023
Balance, beginning of period$228 $43 $7 $53 $331 
Capitalized deferred policy acquisition costs24 6 1 1 32 
Amortized deferred policy acquisition costs(18)(2)— (2)(22)
Balance, end of period$234 $47 $8 $52 $341