Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2020

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,
	2020		2019		2018
Property casualty:
Deferred policy acquisition costs asset, January 1	$	512	$	464	$	438
Capitalized deferred policy acquisition costs	1,087		1,034		933
Amortized deferred policy acquisition costs	(1,057)		(986)		(907)
Deferred policy acquisition costs asset, December 31	$	542	$	512	$	464
Life:
Deferred policy acquisition costs asset, January 1	$	262	$	274	$	232
Capitalized deferred policy acquisition costs	58		61		60
Amortized deferred policy acquisition costs	(49)		(48)		(39)
Shadow deferred policy acquisition costs	(8)		(25)		21
Deferred policy acquisition costs asset, December 31	$	263	$	262	$	274
Consolidated:
Deferred policy acquisition costs asset, January 1	$	774	$	738	$	670
Capitalized deferred policy acquisition costs	1,145		1,095		993
Amortized deferred policy acquisition costs	(1,106)		(1,034)		(946)
Shadow deferred policy acquisition costs	(8)		(25)		21
Deferred policy acquisition costs asset, December 31	$	805	$	774	$	738