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Deferred Policy Acquisition Costs (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31,
20252024
Property casualty:
Deferred policy acquisition costs asset, beginning of period$886 $749 
Capitalized deferred policy acquisition costs485 407 
Amortized deferred policy acquisition costs(434)(360)
Deferred policy acquisition costs asset, end of period$937 $796 
Life:
Deferred policy acquisition costs asset, beginning of period$356 $344 
Capitalized deferred policy acquisition costs12 10 
Amortized deferred policy acquisition costs(8)(7)
Deferred policy acquisition costs asset, end of period$360 $347 
Consolidated:
Deferred policy acquisition costs asset, beginning of period$1,242 $1,093 
Capitalized deferred policy acquisition costs497 417 
Amortized deferred policy acquisition costs(442)(367)
Deferred policy acquisition costs asset, end of period$1,297 $1,143 
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 March 31, 2025TermWhole lifeDeferred annuityUniversal lifeTotal
Balance, beginning of period$245 $52 $8 $51 $356 
Capitalized deferred policy acquisition costs9 2 — 1 12 
Amortized deferred policy acquisition costs(6)(1)— (1)(8)
Balance, end of period$248 $53 $8 $51 $360 
Three months ended March 31, 2024
Balance, beginning of period$236 $48 $8 $52 $344 
Capitalized deferred policy acquisition costs8 2 — — 10 
Amortized deferred policy acquisition costs(6)(1)— — (7)
Balance, end of period$238 $49 $8 $52 $347