Deferred Acquisition Costs (Tables)

9 Months Ended

Sep. 30, 2018

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,
	2018			2017			2018			2017
Property casualty:
Deferred policy acquisition costs asset, beginning of period	$	472		$	448		$	438		$	408
Capitalized deferred policy acquisition costs	229			223			712			686
Amortized deferred policy acquisition costs	(225		)	(220		)	(674		)	(643		)
Deferred policy acquisition costs asset, end of period	$	476		$	451		$	476		$	451
Life:
Deferred policy acquisition costs asset, beginning of period	$	256		$	230		$	232		$	229
Capitalized deferred policy acquisition costs	15			13			43			38
Amortized deferred policy acquisition costs	(6		)	(17		)	(27		)	(37		)
Amortized shadow deferred policy acquisition costs	2			(1		)	19			(5		)
Deferred policy acquisition costs asset, end of period	$	267		$	225		$	267		$	225
Consolidated:
Deferred policy acquisition costs asset, beginning of period	$	728		$	678		$	670		$	637
Capitalized deferred policy acquisition costs	244			236			755			724
Amortized deferred policy acquisition costs	(231		)	(237		)	(701		)	(680		)
Amortized shadow deferred policy acquisition costs	2			(1		)	19			(5		)
Deferred policy acquisition costs asset, end of period	$	743		$	676		$	743		$	676