v3.26.1
Deferred acquisition costs
 6 Months Ended
Jun. 30, 2026
Deferred Policy Acquisition Costs Disclosures [Abstract]  
Deferred Policy Acquisition Costs 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, 2026
(in millions of U.S. dollars)Term LifeUniversal LifeWhole LifeA&HOtherTotal
Balance – beginning of period $567 $746 $1,296 $2,136 $392 $5,137 
Capitalizations124 52 243 383 90 892 
Amortization expense(81)(43)(37)(141)(17)(319)
Other (including foreign exchange)— (8)(15)(44)1 (66)
Balance – end of Period$610 $747 $1,487 $2,334 $466 $5,644 
Overseas General Insurance segment excluded from table725 
Total deferred policy acquisition costs on long-duration contracts$6,369 
Deferred policy acquisition costs on short-duration contracts4,375 
Total deferred policy acquisition costs$10,744 
Six Months Ended June 30, 2025
(in millions of U.S. dollars)Term LifeUniversal LifeWhole LifeA&HOtherTotal
Balance – beginning of period $469 $722 $870 $1,681 $324 $4,066 
Capitalizations115 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 table646 
Total deferred policy acquisition costs on long-duration contracts$5,352 
Deferred policy acquisition costs on short-duration contracts4,085 
Total deferred policy acquisition costs$9,437