Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 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)	Years ended December 31,
	2021		2020		2019
Property casualty:
Deferred policy acquisition costs asset, January 1	$	542	$	512	$	464
Capitalized deferred policy acquisition costs	1,211		1,087		1,034
Amortized deferred policy acquisition costs	(1,151)		(1,057)		(986)
Deferred policy acquisition costs asset, December 31	$	602	$	542	$	512
Life:
Deferred policy acquisition costs asset, January 1	$	263	$	262	$	274
Capitalized deferred policy acquisition costs	59		58		61
Amortized deferred policy acquisition costs	(46)		(49)		(48)
Shadow deferred policy acquisition costs	27		(8)		(25)
Deferred policy acquisition costs asset, December 31	$	303	$	263	$	262
Consolidated:
Deferred policy acquisition costs asset, January 1	$	805	$	774	$	738
Capitalized deferred policy acquisition costs	1,270		1,145		1,095
Amortized deferred policy acquisition costs	(1,197)		(1,106)		(1,034)
Shadow deferred policy acquisition costs	27		(8)		(25)
Deferred policy acquisition costs asset, December 31	$	905	$	805	$	774