Deferred Acquisition Costs (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31,
	2021		2020
Property casualty:
Deferred policy acquisition costs asset, beginning of period	$	542	$	512
Capitalized deferred policy acquisition costs	312		280
Amortized deferred policy acquisition costs	(268)		(256)
Deferred policy acquisition costs asset, end of period	$	586	$	536
Life:
Deferred policy acquisition costs asset, beginning of period	$	263	$	262
Capitalized deferred policy acquisition costs	14		15
Amortized deferred policy acquisition costs	(9)		(9)
Shadow deferred policy acquisition costs	26		23
Deferred policy acquisition costs asset, end of period	$	294	$	291
Consolidated:
Deferred policy acquisition costs asset, beginning of period	$	805	$	774
Capitalized deferred policy acquisition costs	326		295
Amortized deferred policy acquisition costs	(277)		(265)
Shadow deferred policy acquisition costs	26		23
Deferred policy acquisition costs asset, end of period	$	880	$	827