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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues      
Premiums Earned $ 12,328us-gaap_PremiumsEarnedNetPropertyAndCasualty $ 12,066us-gaap_PremiumsEarnedNetPropertyAndCasualty $ 11,838us-gaap_PremiumsEarnedNetPropertyAndCasualty
Investment Income 1,394us-gaap_InterestAndDividendIncomeOperating 1,465us-gaap_InterestAndDividendIncomeOperating 1,556us-gaap_InterestAndDividendIncomeOperating
Other Revenues 7us-gaap_OtherIncome 14us-gaap_OtherIncome 8us-gaap_OtherIncome
Realized Investment Gains (Losses), Net      
Total Other-Than-Temporary Impairment Losses on Investments (7)us-gaap_ImpairmentOfInvestments (11)us-gaap_ImpairmentOfInvestments (40)us-gaap_ImpairmentOfInvestments
Other-Than-Temporary Impairment Losses on Investments Recognized in Other Comprehensive Income     (5)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
Other Realized Investment Gains, Net 376us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments 413us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments 238us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
Total Realized Investment Gains, Net 369us-gaap_GainLossOnInvestments 402us-gaap_GainLossOnInvestments 193us-gaap_GainLossOnInvestments
TOTAL REVENUES 14,098us-gaap_Revenues 13,947us-gaap_Revenues 13,595us-gaap_Revenues
Losses and Expenses      
Losses and Loss Expenses 6,985us-gaap_IncurredClaimsPropertyCasualtyAndLiability 6,520us-gaap_IncurredClaimsPropertyCasualtyAndLiability 7,507us-gaap_IncurredClaimsPropertyCasualtyAndLiability
Amortization of Deferred Policy Acquisition Costs 2,548us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 2,454us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 2,411us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
Other Insurance Operating Costs and Expenses 1,397us-gaap_OtherUnderwritingExpense 1,411us-gaap_OtherUnderwritingExpense 1,362us-gaap_OtherUnderwritingExpense
Investment Expenses 42us-gaap_InvestmentIncomeInvestmentExpense 49us-gaap_InvestmentIncomeInvestmentExpense 38us-gaap_InvestmentIncomeInvestmentExpense
Other Expenses 16us-gaap_OtherNonoperatingExpense 22us-gaap_OtherNonoperatingExpense 11us-gaap_OtherNonoperatingExpense
Corporate Expenses 249cb_CorporateExpenses 254cb_CorporateExpenses 270cb_CorporateExpenses
TOTAL LOSSES AND EXPENSES 11,237us-gaap_BenefitsLossesAndExpenses 10,710us-gaap_BenefitsLossesAndExpenses 11,599us-gaap_BenefitsLossesAndExpenses
INCOME BEFORE FEDERAL AND FOREIGN INCOME TAX 2,861us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 3,237us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 1,996us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Federal and Foreign Income Tax 761us-gaap_IncomeTaxExpenseBenefit 892us-gaap_IncomeTaxExpenseBenefit 451us-gaap_IncomeTaxExpenseBenefit
NET INCOME $ 2,100us-gaap_NetIncomeLoss $ 2,345us-gaap_NetIncomeLoss $ 1,545us-gaap_NetIncomeLoss
Net Income Per Share      
Basic $ 8.65us-gaap_EarningsPerShareBasic $ 9.08us-gaap_EarningsPerShareBasic $ 5.73us-gaap_EarningsPerShareBasic
Diluted $ 8.62us-gaap_EarningsPerShareDiluted $ 9.04us-gaap_EarningsPerShareDiluted $ 5.69us-gaap_EarningsPerShareDiluted