Deferred Acquisition Costs (Tables)

9 Months Ended

Sep. 30, 2016

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,
	2016			2015			2016			2015
Property casualty:
Deferred policy acquisition costs asset, beginning of period	$	412		$	390		$	388		$	379
Capitalized deferred policy acquisition costs	216			201			644			606
Amortized deferred policy acquisition costs	(207		)	(197		)	(611		)	(591		)
Deferred policy acquisition costs asset, end of period	$	421		$	394		$	421		$	394
Life:
Deferred policy acquisition costs asset, beginning of period	$	212		$	210		$	228		$	199
Capitalized deferred policy acquisition costs	11			11			35			34
Amortized deferred policy acquisition costs	(15		)	(10		)	(37		)	(29		)
Amortized shadow deferred policy acquisition costs	(2		)	4			(20		)	11
Deferred policy acquisition costs asset, end of period	$	206		$	215		$	206		$	215
Consolidated:
Deferred policy acquisition costs asset, beginning of period	$	624		$	600		$	616		$	578
Capitalized deferred policy acquisition costs	227			212			679			640
Amortized deferred policy acquisition costs	(222		)	(207		)	(648		)	(620		)
Amortized shadow deferred policy acquisition costs	(2		)	4			(20		)	11
Deferred policy acquisition costs asset, end of period	$	627		$	609		$	627		$	609