v3.26.3
Deferred acquisition costs (Tables)
 9 Months Ended
Sep. 30, 2026
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, 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 
Capitalizations187 80 364 589 138 1,358 
Amortization expense(123)(64)(56)(217)(27)(487)
Other (including foreign exchange)3 7 28 118 7 163 
Balance – end of Period$634 $769 $1,632 $2,626 $510 $6,171 
Overseas General Insurance segment excluded from table787 
Total deferred policy acquisition costs on long-duration contracts$6,958 
Deferred policy acquisition costs on short-duration contracts4,464 
Total deferred policy acquisition costs$11,422 
Nine Months Ended September 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 
Capitalizations175 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 table663 
Total deferred policy acquisition costs on long-duration contracts$5,612 
Deferred policy acquisition costs on short-duration contracts4,197 
Total deferred policy acquisition costs$9,809