XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.25.3

Deferred Policy Acquisition Costs | 9 Months Ended
--- | ---
Sep. 30, 2025
Insurance [Abstract] |
Deferred Policy Acquisition Costs | DEFERRED POLICY ACQUISITION COSTS AND OTHER Deferred policy acquisition costs and other on the condensed consolidated balance sheets include deferred policy acquisition costs and the cost of reinsurance assets. The following tables provide the balances of, and changes in, deferred policy acquisition costs for the Company’s Traditional business for the nine months ended September 30, 2025 and 2024 (dollars in millions):
For the nine months ended September 30, 2025: |  | U.S. and Latin America – Traditional |  | Canada – Traditional |  | Europe, Middle East and Africa – Traditional |  | Asia Pacific – Traditional
Balance, beginning of year |  | $ | 2,986 |  |  | $ | 157 |  |  | $ | 354 |  |  | $ | 1,178 |
Capitalization |  | 228 |  |  | 9 |  |  | 98 |  |  | 124 |
Amortization expense |  | (168) |  |  | (9) |  |  | (43) |  |  | (51) |
Foreign currency translation |  | — |  |  | 7 |  |  | 41 |  |  | 21 |
Balance, end of period |  | $ | 3,046 |  |  | $ | 164 |  |  | $ | 450 |  |  | $ | 1,272 |
For the nine months ended September 30, 2024: |  | U.S. and Latin America – Traditional |  | Canada – Traditional |  | Europe, Middle East and Africa – Traditional |  | Asia Pacific – Traditional
Balance, beginning of year |  | $ | 2,191 |  |  | $ | 173 |  |  | $ | 347 |  |  | $ | 1,098 |
Capitalization |  | 899 |  |  | 6 |  |  | 56 |  |  | 117 |
Amortization expense |  | (121) |  |  | (8) |  |  | (36) |  |  | (44) |
Foreign currency translation |  | (2) |  |  | (4) |  |  | 12 |  |  | (1) |
Balance, end of period |  | $ | 2,967 |  |  | $ | 167 |  |  | $ | 379 |  |  | $ | 1,170 |
The following tables provide the balances of, and changes in, deferred policy acquisition costs for the Company’s Financial Solutions business for the nine months ended September 30, 2025 and 2024 (dollars in millions):
For the nine months ended September 30, 2025: |  | U.S. and Latin America – Financial Solutions |  | Canada – Financial Solutions |  | Europe, Middle East and Africa – Financial Solutions |  | Asia Pacific – Financial Solutions
Balance, beginning of year |  | $ | 506 |  |  | $ | 20 |  |  | $ | — |  |  | $ | 324 |
Capitalization |  | 44 |  |  | — |  |  | — |  |  | 182 |
Amortization expense |  | (41) |  |  | — |  |  | — |  |  | (45) |
Foreign currency translation |  | — |  |  | 1 |  |  | — |  |  | 2 |
Balance, end of period |  | $ | 509 |  |  | $ | 21 |  |  | $ | — |  |  | $ | 463 |
For the nine months ended September 30, 2024: |  | U.S. and Latin America – Financial Solutions |  | Canada – Financial Solutions |  | Europe, Middle East and Africa – Financial Solutions |  | Asia Pacific – Financial Solutions
Balance, beginning of year |  | $ | 552 |  |  | $ | — |  |  | $ | — |  |  | $ | 250 |
Capitalization |  | 1 |  |  | — |  |  | — |  |  | 67 |
Amortization expense |  | (44) |  |  | — |  |  | — |  |  | (33) |
Other |  | (14) |  |  | — |  |  | — |  |  | — |
Foreign currency translation |  | — |  |  | — |  |  | — |  |  | 1 |
Balance, end of period |  | $ | 495 |  |  | $ | — |  |  | $ | — |  |  | $ | 285 |
The reconciliation of deferred policy acquisition costs included in the rollforwards to deferred policy acquisition costs and other on the condensed consolidated balance sheets as of September 30, 2025 and 2024 is as follows (dollars in millions):
|  | September 30,
|  | 2025 |  | 2024
Deferred policy acquisition costs included in the rollforwards: |  |  |  |
Traditional: |  |  |  |
U.S. and Latin America |  | $ | 3,046 |  |  | $ | 2,967 |
Canada |  | 164 |  |  | 167 |
Europe, Middle East and Africa |  | 450 |  |  | 379 |
Asia Pacific |  | 1,272 |  |  | 1,170 |
Financial Solutions: |  |  |  |
U.S. and Latin America |  | 509 |  |  | 495 |
Canada |  | 21 |  |  | — |
Europe, Middle East and Africa |  | — |  |  | — |
Asia Pacific |  | 463 |  |  | 285 |
Other deferred policy acquisition costs: |  |  |  |
Corporate and Other |  | 15 |  |  | 14 |
Total deferred policy acquisition costs |  | 5,940 |  |  | 5,477 |
Cost of reinsurance asset |  | 14 |  |  | — |
Total deferred policy acquisition costs and other |  | $ | 5,954 |  |  | $ | 5,477 |

X
- Definition The entire disclosure for deferred policy acquisition costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Name Accounting Standards Codification -SubTopic 30 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/944-30/tableOfContent + Details
Name: | us-gaap_DeferredPolicyAcquisitionCostsTextBlock1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InsuranceAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration