Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 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)	Years ended December 31,
	2019			2018			2017
Property casualty:
Deferred policy acquisition costs asset, January 1	$	464		$	438		$	408
Capitalized deferred policy acquisition costs	1,034			933			897
Amortized deferred policy acquisition costs	(986		)	(907		)	(867		)
Deferred policy acquisition costs asset, December 31	$	512		$	464		$	438
Life:
Deferred policy acquisition costs asset, January 1	$	274		$	232		$	229
Capitalized deferred policy acquisition costs	61			60			51
Amortized deferred policy acquisition costs	(48		)	(39		)	(46		)
Shadow deferred policy acquisition costs	(25		)	21			(2		)
Deferred policy acquisition costs asset, December 31	$	262		$	274		$	232
Consolidated:
Deferred policy acquisition costs asset, January 1	$	738		$	670		$	637
Capitalized deferred policy acquisition costs	1,095			993			948
Amortized deferred policy acquisition costs	(1,034		)	(946		)	(913		)
Shadow deferred policy acquisition costs	(25		)	21			(2		)
Deferred policy acquisition costs asset, December 31	$	774		$	738		$	670