Deferred Acquisition Costs (Tables)

6 Months Ended

Jun. 30, 2019

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 June 30,						Six months ended June 30,
	2019			2018			2019			2018
Property casualty:
Deferred policy acquisition costs asset, beginning of period	$	485		$	446		$	464		$	438
Capitalized deferred policy acquisition costs	280			251			534			483
Amortized deferred policy acquisition costs	(239		)	(225		)	(472		)	(449		)
Deferred policy acquisition costs asset, end of period	$	526		$	472		$	526		$	472
Life:
Deferred policy acquisition costs asset, beginning of period	$	266		$	245		$	274		$	232
Capitalized deferred policy acquisition costs	15			15			31			28
Amortized deferred policy acquisition costs	(12		)	(11		)	(25		)	(21		)
Shadow deferred policy acquisition costs	(9		)	7			(20		)	17
Deferred policy acquisition costs asset, end of period	$	260		$	256		$	260		$	256
Consolidated:
Deferred policy acquisition costs asset, beginning of period	$	751		$	691		$	738		$	670
Capitalized deferred policy acquisition costs	295			266			565			511
Amortized deferred policy acquisition costs	(251		)	(236		)	(497		)	(470		)
Shadow deferred policy acquisition costs	(9		)	7			(20		)	17
Deferred policy acquisition costs asset, end of period	$	786		$	728		$	786		$	728