Deferred Policy Acquisition Costs (Tables)

9 Months Ended

Sep. 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
Nine months ended September 30, 2023
Accident and health insurance
Long-duration contracts
Beginning balance	$	322	$	79	$	101	$	502
Acquisition costs deferred	73		24		12		109
Amortization charged to income	(54)		(17)		(11)		(82)
Experience adjustment	(22)		(1)		(2)		(25)
Total	$	319	$	85	$	100	504
Short-duration contracts							27
Property and casualty							5,293
Ending balance							$	5,824
Nine months ended September 30, 2022
Accident and health insurance
Long-duration contracts
Beginning balance	$	339	$	47	$	90	$	476
Acquisition costs deferred	66		33		23		122
Amortization charged to income	(55)		(7)		(11)		(73)
Experience adjustment	(26)		(1)		(1)		(28)
Total	$	324	$	72	$	101	497
Short-duration contracts							24
Property and casualty							4,770
Ending balance							$	5,291