Deferred acquisition costs (Tables)

6 Months Ended

Jun. 30, 2024

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs

The following tables present a roll-forward of deferred policy acquisitions costs on long-duration contracts included in the Life Insurance segment:

	Six Months Ended June 30, 2024
(in millions of U.S. dollars)	Term Life		Universal Life		Whole Life		A&H		Other		Total
Balance – beginning of period	$	402	$	674	$	534	$	1,301	$	274	$	3,185
Capitalizations	98		70		170		311		36		685
Amortization expense	(58)		(39)		(17)		(86)		(14)		(214)
Other (including foreign exchange)	(6)		(25)		(14)		(30)		(7)		(82)
Balance - end of period	$	436	$	680	$	673	$	1,496	$	289	$	3,574
Overseas General Insurance segment excluded from table											592
Total deferred policy acquisition costs on long-duration contracts											$	4,166
Deferred policy acquisition costs on short-duration contracts											3,646
Total deferred policy acquisition costs											$	7,812

	Six Months Ended June 30, 2023
(in millions of U.S. dollars)	Term Life		Universal Life		Whole Life		A&H		Other		Total
Balance – beginning of period	$	324	$	639	$	392	$	891	$	268	$	2,514
Capitalizations	84		54		62		249		9		458
Amortization expense	(50)		(37)		(11)		(62)		(13)		(173)
Other (including foreign exchange)	12		9		10		(2)		—		29
Balance - end of period	$	370	$	665	$	453	$	1,076	$	264	$	2,828
Overseas General Insurance segment excluded from table											651
Total deferred policy acquisition costs on long-duration contracts											$	3,479
Deferred policy acquisition costs on short-duration contracts											3,187
Total deferred policy acquisition costs											$	6,666