Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Common Stock Activity

The activity of Chubb’s common stock was as follows:

	Years Ended December 31
	2014			2013			2012
	(number of shares)
Common stock issued
Balance, beginning and end of year		371,980,460			371,980,460			371,980,460
Treasury stock
Balance, beginning of year		123,673,969			110,217,445			99,519,509
Repurchase of shares		16,893,455			14,887,701			13,094,640
Share activity under stock-based employee compensation plans		(1,016,353	)		(1,431,177	)		(2,396,704	)
Balance, end of year		139,551,071			123,673,969			110,217,445
Common stock outstanding, end of year		232,429,389			248,306,491			261,763,015

Comparison of Shareholders' Equity on GAAP Basis and Policyholders' Surplus on Statutory Basis

A comparison of shareholders’ equity on a GAAP basis and policyholders’ surplus on a statutory basis is as follows:

	December 31
	2014					2013
	GAAP			Statutory		GAAP			Statutory
	(in millions)
P&C Group	$	17,786		$	15,127	$	17,398		$	15,024
Corporate and other		(1,490	)				(1,301	)
	$	16,296				$	16,097

Comparison of GAAP and Statutory Net Income (Loss)

A comparison of GAAP and statutory net income (loss) is as follows:

	Years Ended December 31
	2014					2013					2012
	GAAP			Statutory		GAAP			Statutory		GAAP			Statutory
	(in millions)
P&C Group	$	2,330		$	2,399	$	2,480		$	2,485	$	1,791		$	1,936
Corporate and other		(230	)				(135	)				(246	)
	$	2,100				$	2,345				$	1,545