Chubb Ltd
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
CB$365.02-1.8%Stored close · as of Nov 6, 2026
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Deferred policy acquisition costs F-
- 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:
| Year Ended December 31, 2024 | |||||||
|---|---|---|---|---|---|---|---|
| (in millions of U.S. dollars) · Term Life · Universal Life · Whole Life · A&H · Other · Total | |||||||
| Balance – beginning of period | $402 | $674 | $534 | $1,301 | $274 | $3,185 | |
| Capitalizations | 201 | 156 | 387 | 630 | 82 | 1,456 | |
| Amortization expense | (121) | (81) | (37) | (182) | (27) | (448) | |
| Other (including foreign exchange) | (13) | (27) | (14) | (68) | (5) | (127) | |
| Balance – end of period | $469 | $722 | $870 | $1,681 | $324 | $4,066 | |
| Overseas General Insurance segment excluded from table | 605 | ||||||
| Total deferred policy acquisition costs on long-duration contracts | $4,671 | ||||||
| Deferred policy acquisition costs on short-duration contracts | 3,687 | ||||||
| Total deferred policy acquisition costs | $8,358 | ||||||
| Year Ended December 31, 2023 | |||||||
|---|---|---|---|---|---|---|---|
| (in millions of U.S. dollars) · Term Life · Universal Life · Whole Life · A&H · Other · Total | |||||||
| Balance – beginning of period | $324 | $639 | $392 | $891 | $268 | $2,514 | |
| Capitalizations | 176 | 129 | 159 | 564 | 36 | 1,064 | |
| Amortization expense | (100) | (80) | (23) | (137) | (29) | (369) | |
| Other (including foreign exchange) | 2 | (14) | 6 | (17) | (1) | (24) | |
| Balance – end of period | $402 | $674 | $534 | $1,301 | $274 | $3,185 | |
| Overseas General Insurance segment excluded from table | 621 | ||||||
| Total deferred policy acquisition costs on long-duration contracts | $3,806 | ||||||
| Deferred policy acquisition costs on short-duration contracts | 3,346 | ||||||
| Total deferred policy acquisition costs | $7,152 | ||||||
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