Chubb Ltd
For the period ended Mar 31, 2025. Filed Apr 28, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 28, 2025
CB$365.02-1.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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:
| Three Months Ended March 31, 2025 | |||||||
|---|---|---|---|---|---|---|---|
| (in millions of U.S. dollars) · Term Life · Universal Life · Whole Life · A&H · Other · Total | |||||||
| Balance – beginning of period | $469 | $722 | $870 | $1,681 | $324 | $4,066 | |
| Capitalizations | 58 | 38 | 109 | 170 | 40 | 415 | |
| Amortization expense | (36) | (20) | (12) | (54) | (7) | (129) | |
| Other (including foreign exchange) | 4 | (8) | (4) | (16) | (2) | (26) | |
| Balance – end of period | $495 | $732 | $963 | $1,781 | $355 | $4,326 | |
| Overseas General Insurance segment excluded from table | 608 | ||||||
| Total deferred policy acquisition costs on long-duration contracts | $4,934 | ||||||
| Deferred policy acquisition costs on short-duration contracts | 3,841 | ||||||
| Total deferred policy acquisition costs | $8,775 | ||||||
| Three Months Ended March 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 | 47 | 33 | 85 | 158 | 16 | 339 | |
| Amortization expense | (28) | (20) | (8) | (41) | (7) | (104) | |
| Other (including foreign exchange) | (8) | 1 | (3) | 3 | (2) | (9) | |
| Balance – end of period | $413 | $688 | $608 | $1,421 | $281 | $3,411 | |
| Overseas General Insurance segment excluded from table | 616 | ||||||
| Total deferred policy acquisition costs on long-duration contracts | $4,027 | ||||||
| Deferred policy acquisition costs on short-duration contracts | 3,510 | ||||||
| Total deferred policy acquisition costs | $7,537 | ||||||
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