Deferred acquisition costs (Tables)

9 Months Ended

Sep. 30, 2024

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs

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

	Nine Months Ended September 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	149		109		276		467		53		1,054
Amortization expense	(89)		(60)		(27)		(132)		(20)		(328)
Other (including foreign exchange)	(1)		(2)		2		(8)		(3)		(12)
Balance – end of period	$	461	$	721	$	785	$	1,628	$	304	$	3,899
Overseas General Insurance segment excluded from table											615
Total deferred policy acquisition costs on long-duration contracts											$	4,514
Deferred policy acquisition costs on short-duration contracts											3,735
Total deferred policy acquisition costs											$	8,249

	Nine Months Ended September 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	131		85		103		396		27		742
Amortization expense	(76)		(55)		(18)		(98)		(19)		(266)
Other (including foreign exchange)	(2)		(18)		3		(19)		(2)		(38)
Balance – end of period	$	377	$	651	$	480	$	1,170	$	274	$	2,952
Overseas General Insurance segment excluded from table											621
Total deferred policy acquisition costs on long-duration contracts											$	3,573
Deferred policy acquisition costs on short-duration contracts											3,283
Total deferred policy acquisition costs											$	6,856