Deferred Policy Acquisition Costs

12 Months Ended

Dec. 31, 2023

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs

Note 12 Deferred Policy Acquisition Costs

Deferred policy acquisition costs activity
	Accident and health insurance long-duration contracts						Accident and health insurance short-duration contracts		Property and casualty		Total
($ in millions)	Accident and health		Traditional life		Interest-sensitive life
Year ended December 31, 2023
Beginning balance	$	322	$	79	$	101	$	26	$	4,914	$	5,442
Acquisition costs deferred	100		33		16		13		7,614		7,776
Amortization charged to income	(73)		(21)		(14)		(10)		(7,128)		(7,246)
Experience adjustment	(28)		(1)		(3)		—		—		(32)
Ending balance	$	321	$	90	$	100	$	29	$	5,400	$	5,940
Year ended December 31, 2022
Beginning balance	$	339	$	47	$	90	$	17	$	4,245	$	4,738
Acquisition costs deferred	88		40		27		16		7,167		7,338
Amortization charged to income	(77)		(7)		(15)		(7)		(6,498)		(6,604)
Experience adjustment	(28)		(1)		(1)		—		—		(30)
Ending balance	$	322	$	79	$	101	$	26	$	4,914	$	5,442
Year ended December 31, 2021
Beginning balance	$	333	$	32	$	97	$	10	$	3,304	$	3,776
Acquisitions (1)	3		—		—		—		321		324
Acquisition costs deferred	93		26		14		13		6,728		6,874
Amortization charged to income	(64)		(10)		(17)		(6)		(6,108)		(6,205)
Experience adjustment	(26)		(1)		(4)		—		—		(31)
Ending balance	$	339	$	47	$	90	$	17	$	4,245	$	4,738

(1)Represents value of business acquired from National General and SafeAuto.