Deferred acquisition costs (Tables)

9 Months Ended

Sep. 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:

	Nine Months Ended September 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	175		90		347		521		78		1,211
Amortization expense	(111)		(62)		(39)		(172)		(23)		(407)
Other (including foreign exchange)	8		5		21		33		12		79
Balance – end of period	$	541	$	755	$	1,199	$	2,063	$	391	$	4,949
Overseas General Insurance segment excluded from table											663
Total deferred policy acquisition costs on long-duration contracts											$	5,612
Deferred policy acquisition costs on short-duration contracts											4,197
Total deferred policy acquisition costs											$	9,809

	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