Deferred acquisition costs (Tables)

6 Months Ended

Jun. 30, 2025

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:

	Six Months Ended June 30, 2025
(in millions of U.S. dollars)	Term Life		Universal Life		Whole Life		A&H		Other		Total
Balance – beginning of period	$	469	$	722	$	870	$	1,681	$	324	$	4,066
Capitalizations	115		69		224		327		61		796
Amortization expense	(73)		(41)		(25)		(111)		(15)		(265)
Other (including foreign exchange)	13		10		23		51		12		109
Balance – end of period	$	524	$	760	$	1,092	$	1,948	$	382	$	4,706
Overseas General Insurance segment excluded from table											646
Total deferred policy acquisition costs on long-duration contracts											$	5,352
Deferred policy acquisition costs on short-duration contracts											4,085
Total deferred policy acquisition costs											$	9,437

	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