Deferred Policy Acquisition Costs (Tables)

6 Months Ended

Jun. 30, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of deferred policy acquisition costs activity

Impact of adoption for DAC
( $ in millions)	Accident and health		Traditional life		Interest- sensitive life		Total
Pre-adoption 12/31/2020 balance	$	343	$	32	$	95	$	470
Adjustment for removal of impact of unrealized gains or losses (1)	—		—		2		2
Post-adoption 1/1/2021 balance	$	343	$	32	$	97	$	472

(1)Adjustment reflected with a corresponding increase to AOCI.

Deferred policy acquisition costs activity
($ in millions)	Accident and health		Traditional life		Interest-sensitive life		Total
Six months ended June 30, 2023
Accident and health insurance
Long-duration contracts
Beginning balance	$	322	$	79	$	101	$	502
Acquisition costs deferred	25		13		7		45
Amortization charged to income	(16)		(7)		(7)		(30)
Experience adjustment	(13)		—		(1)		(14)
Total	$	318	$	85	$	100	503
Short-duration contracts							27
Property and casualty							5,077
Ending balance							$	5,607
Six months ended June 30, 2022
Accident and health insurance
Long-duration contracts
Beginning balance	$	339	$	47	$	90	$	476
Acquisition costs deferred	20		22		16		58
Amortization charged to income	(11)		(5)		(7)		(23)
Experience adjustment	(21)		(1)		(1)		(23)
Total	$	327	$	63	$	98	488
Short-duration contracts							23
Property and casualty							4,538
Ending balance							$	5,049