Deferred Acquisition Costs (Tables)

9 Months Ended

Sep. 30, 2017

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,
	2017			2016			2017			2016
Property casualty:
Deferred policy acquisition costs asset, beginning of period	$	448		$	412		$	408		$	388
Capitalized deferred policy acquisition costs	223			216			686			644
Amortized deferred policy acquisition costs	(220		)	(207		)	(643		)	(611		)
Deferred policy acquisition costs asset, end of period	$	451		$	421		$	451		$	421
Life:
Deferred policy acquisition costs asset, beginning of period	$	230		$	212		$	229		$	228
Capitalized deferred policy acquisition costs	13			11			38			35
Amortized deferred policy acquisition costs	(17		)	(15		)	(37		)	(37		)
Amortized shadow deferred policy acquisition costs	(1		)	(2		)	(5		)	(20		)
Deferred policy acquisition costs asset, end of period	$	225		$	206		$	225		$	206
Consolidated:
Deferred policy acquisition costs asset, beginning of period	$	678		$	624		$	637		$	616
Capitalized deferred policy acquisition costs	236			227			724			679
Amortized deferred policy acquisition costs	(237		)	(222		)	(680		)	(648		)
Amortized shadow deferred policy acquisition costs	(1		)	(2		)	(5		)	(20		)
Deferred policy acquisition costs asset, end of period	$	676		$	627		$	676		$	627