Deferred Acquisition Costs (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Property casualty:
Deferred policy acquisition costs asset, beginning of period	$	630	$	567	$	542	$	512
Capitalized deferred policy acquisition costs	287		258		924		830
Amortized deferred policy acquisition costs	(300)		(274)		(849)		(791)
Deferred policy acquisition costs asset, end of period	$	617	$	551	$	617	$	551
Life:
Deferred policy acquisition costs asset, beginning of period	$	294	$	267	$	263	$	262
Capitalized deferred policy acquisition costs	15		14		44		43
Amortized deferred policy acquisition costs	(12)		(12)		(35)		(36)
Shadow deferred policy acquisition costs	1		(3)		26		(3)
Deferred policy acquisition costs asset, end of period	$	298	$	266	$	298	$	266
Consolidated:
Deferred policy acquisition costs asset, beginning of period	$	924	$	834	$	805	$	774
Capitalized deferred policy acquisition costs	302		272		968		873
Amortized deferred policy acquisition costs	(312)		(286)		(884)		(827)
Shadow deferred policy acquisition costs	1		(3)		26		(3)
Deferred policy acquisition costs asset, end of period	$	915	$	817	$	915	$	817