The following tables present the balances of and changes in deferred policy acquisition costs for the Company’s Traditional business for the nine months ended September 30, 2026 and 2025 (dollars in millions):


For the nine months ended September 30, 2026:	U.S. and Latin America – Traditional		Canada – Traditional		Europe, Middle East and Africa – Traditional		Asia Pacific – Traditional
Balance, beginning of year	$	3,068	$	166	$	478	$	1,285
Capitalization	261		10		53		98
Amortization expense	(165)		(8)		(53)		(55)
Foreign currency translation	(1)		(6)		(11)		5
Balance, end of period	$	3,163	$	162	$	467	$	1,333


For the nine months ended September 30, 2025:	U.S. and Latin America – Traditional		Canada – Traditional		Europe, Middle East and Africa – Traditional		Asia Pacific – Traditional
Balance, beginning of year	$	2,986	$	157	$	354	$	1,178
Capitalization	228		9		98		124
Amortization expense	(168)		(9)		(43)		(51)
Foreign currency translation	—		7		41		21
Balance, end of period	$	3,046	$	164	$	450	$	1,272

The following tables present the balances of and changes in deferred policy acquisition costs for the Company’s Financial Solutions business for the nine months ended September 30, 2026 and 2025 (dollars in millions):


For the nine months ended September 30, 2026:	U.S. and Latin America – Financial Solutions		Canada – Financial Solutions		Europe, Middle East and Africa – Financial Solutions		Asia Pacific – Financial Solutions
Balance, beginning of year	$	508	$	21	$	—	$	525
Capitalization	41		—		—		162
Amortization expense	(42)		(1)		—		(62)

Foreign currency translation	—		—		—		2
Balance, end of period	$	507	$	20	$	—	$	627


For the nine months ended September 30, 2025:	U.S. and Latin America – Financial Solutions		Canada – Financial Solutions		Europe, Middle East and Africa – Financial Solutions		Asia Pacific – Financial Solutions
Balance, beginning of year	$	506	$	20	$	—	$	324
Capitalization	44		—		—		182
Amortization expense	(41)		—		—		(45)

Foreign currency translation	—		1		—		2
Balance, end of period	$	509	$	21	$	—	$	463

The following table presents the reconciliation of deferred policy acquisition costs included in the rollforwards to deferred policy acquisition costs and other on the condensed consolidated balance sheets as of September 30, 2026 and 2025 (dollars in millions):


	September 30,
	2026		2025
Deferred policy acquisition costs included in the rollforwards:
Traditional:
U.S. and Latin America	$	3,163	$	3,046
Canada	162		164
Europe, Middle East and Africa	467		450
Asia Pacific	1,333		1,272
Financial Solutions:
U.S. and Latin America	507		509
Canada	20		21
Europe, Middle East and Africa	—		—
Asia Pacific	627		463
Other deferred policy acquisition costs:
Corporate and Other	10		15
Total deferred policy acquisition costs	6,289		5,940
Cost of reinsurance asset	131		14
Total deferred policy acquisition costs and other	$	6,420	$	5,954