XML 54 R42.htm IDEA: XBRL DOCUMENT v3.25.0.1
Deferred Policy Acquisition Costs (Tables)
 12 Months Ended
Dec. 31, 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)Years ended December 31,
 202420232022
Property casualty:
Deferred policy acquisition costs asset, January 1$749 $682 $602 
Capitalized deferred policy acquisition costs1,748 1,488 1,383 
Amortized deferred policy acquisition costs(1,611)(1,421)(1,303)
Deferred policy acquisition costs asset, December 31$886 $749 $682 
Life:
Deferred policy acquisition costs asset, January 1$344 $331 $314 
Capitalized deferred policy acquisition costs42 42 44 
Amortized deferred policy acquisition costs(30)(29)(27)
Deferred policy acquisition costs asset, December 31$356 $344 $331 
Consolidated:
Deferred policy acquisition costs asset, January 1$1,093 $1,013 $916 
Capitalized deferred policy acquisition costs1,790 1,530 1,427 
Amortized deferred policy acquisition costs(1,641)(1,450)(1,330)
Deferred policy acquisition costs asset, December 31$1,242 $1,093 $1,013 
Life Deferred Policy Acquisition Costs by Product
The table below shows the life deferred policy acquisition costs asset by product:
(Dollars in millions)
Year ended December 31, 2024TermWhole lifeDeferred annuityUniversal lifeTotal
Balance, beginning of period$236 $48 $8 $52 $344 
Capitalized deferred policy acquisition costs32 7 1 2 42 
Amortized deferred policy acquisition costs(23)(3)(1)(3)(30)
Balance, end of period$245 $52 $8 $51 $356 
Year ended December 31, 2023
Balance, beginning of period$228 $43 $7 $53 $331 
Capitalized deferred policy acquisition costs30 8 2 2 42 
Amortized deferred policy acquisition costs(22)(3)(1)(3)(29)
Balance, end of period$236 $48 $8 $52 $344 
Year ended December 31, 2022
Balance, beginning of period$215 $38 $7 $54 $314 
Capitalized deferred policy acquisition costs34 7 1 2 44 
Amortized deferred policy acquisition costs(21)(2)(1)(3)(27)
Balance, end of period$228 $43 $7 $53 $331