Deferred Acquisition Costs (Tables)

9 Months Ended

Sep. 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 September 30,						Nine months ended September 30,
	2019			2018			2019			2018
Property casualty:
Deferred policy acquisition costs asset, beginning of period	$	526		$	472		$	464		$	438
Capitalized deferred policy acquisition costs	256			229			790			712
Amortized deferred policy acquisition costs	(257		)	(225		)	(729		)	(674		)
Deferred policy acquisition costs asset, end of period	$	525		$	476		$	525		$	476
Life:
Deferred policy acquisition costs asset, beginning of period	$	260		$	256		$	274		$	232
Capitalized deferred policy acquisition costs	15			15			46			43
Amortized deferred policy acquisition costs	(13		)	(6		)	(38		)	(27		)
Shadow deferred policy acquisition costs	(4		)	2			(24		)	19
Deferred policy acquisition costs asset, end of period	$	258		$	267		$	258		$	267
Consolidated:
Deferred policy acquisition costs asset, beginning of period	$	786		$	728		$	738		$	670
Capitalized deferred policy acquisition costs	271			244			836			755
Amortized deferred policy acquisition costs	(270		)	(231		)	(767		)	(701		)
Shadow deferred policy acquisition costs	(4		)	2			(24		)	19
Deferred policy acquisition costs asset, end of period	$	783		$	743		$	783		$	743