Deferred Acquisition Costs (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30,				Six months ended June 30,
	2022		2021		2022		2021
Property casualty:
Deferred policy acquisition costs asset, beginning of period	$	665	$	586	$	602	$	542
Capitalized deferred policy acquisition costs	375		325		739		637
Amortized deferred policy acquisition costs	(317)		(281)		(618)		(549)
Deferred policy acquisition costs asset, end of period	$	723	$	630	$	723	$	630
Life:
Deferred policy acquisition costs asset, beginning of period	$	314	$	294	$	303	$	263
Capitalized deferred policy acquisition costs	15		15		30		29
Amortized deferred policy acquisition costs	(11)		(14)		(21)		(23)
Shadow deferred policy acquisition costs	4		(1)		10		25
Deferred policy acquisition costs asset, end of period	$	322	$	294	$	322	$	294
Consolidated:
Deferred policy acquisition costs asset, beginning of period	$	979	$	880	$	905	$	805
Capitalized deferred policy acquisition costs	390		340		769		666
Amortized deferred policy acquisition costs	(328)		(295)		(639)		(572)
Shadow deferred policy acquisition costs	4		(1)		10		25
Deferred policy acquisition costs asset, end of period	$	1,045	$	924	$	1,045	$	924