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Information provided in connection with outstanding debt of subsidiaries (Tables)
 12 Months Ended
Dec. 31, 2012
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Balance Sheet
.

Condensed Consolidating Balance Sheet at December 31, 2012

(in millions of U.S. dollars)
ACE Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries and
Eliminations(1)

 
Consolidating
Adjustments(2)

 
ACE Limited
Consolidated

Assets
 
 
 
 
 
 
 
 
 
Investments
$
31

 
$
31,074

 
$
29,159

 
$
—

 
$
60,264

Cash(3)
103

 
515

 
(3
)
 
—

 
615

Insurance and reinsurance balances receivable
—

 
3,654

 
493

 
—

 
4,147

Reinsurance recoverable on losses and loss expenses
—

 
17,232

 
(5,154
)
 
—

 
12,078

Reinsurance recoverable on policy benefits
—

 
1,187

 
(946
)
 
—

 
241

Value of business acquired
—

 
610

 
4

 
—

 
614

Goodwill and other intangible assets
—

 
4,419

 
556

 
—

 
4,975

Investments in subsidiaries
27,251

 
—

 
—

 
(27,251
)
 
—

Due from subsidiaries and affiliates, net
204

 
—

 
—

 
(204
)
 
—

Other assets
13

 
7,563

 
2,035

 
—

 
9,611

Total assets
$
27,602

 
$
66,254

 
$
26,144

 
$
(27,455
)
 
$
92,545

Liabilities
 
 
 
 
 
 
 
 
 
Unpaid losses and loss expenses
$
—

 
$
31,356

 
$
6,590

 
$
—

 
$
37,946

Unearned premiums
—

 
5,872

 
992

 
—

 
6,864

Future policy benefits
—

 
3,876

 
594

 
—

 
4,470

Due to (from) subsidiaries and affiliates, net
—

 
384

 
(180
)
 
(204
)
 
—

Short-term debt
—

 
851

 
550

 
—

 
1,401

Long-term debt
—

 
3,360

 
—

 
—

 
3,360

Trust preferred securities
—

 
309

 
—

 
—

 
309

Other liabilities
71

 
8,272

 
2,321

 
—

 
10,664

Total liabilities
71

 
54,280

 
10,867

 
(204
)
 
65,014

Total shareholders’ equity
27,531

 
11,974

 
15,277

 
(27,251
)
 
27,531

Total liabilities and shareholders’ equity
$
27,602

 
$
66,254

 
$
26,144

 
$
(27,455
)
 
$
92,545

(1) 
Includes all other subsidiaries of ACE Limited and intercompany eliminations.
(2) 
Includes ACE Limited parent company eliminations.
(3) 
ACE maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1f) for additional information. At December 31, 2012, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
Condensed Consolidating Balance Sheet at December 31, 2011

(in millions of U.S. dollars)
ACE Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries and
Eliminations(1)

 
Consolidating
Adjustments(2)

 
ACE Limited
Consolidated

Assets
 
 
 
 
 
 
 
 
 
Investments
$
33

 
$
28,848

 
$
26,795

 
$
—

 
$
55,676

Cash
106

 
382

 
126

 
—

 
614

Insurance and reinsurance balances receivable
—

 
3,944

 
443

 
—

 
4,387

Reinsurance recoverable on losses and loss expenses
—

 
17,146

 
(4,757
)
 
—

 
12,389

Reinsurance recoverable on policy benefits
—

 
941

 
(692
)
 
—

 
249

Value of business acquired
—

 
676

 
—

 
—

 
676

Goodwill and other intangible assets
—

 
4,248

 
551

 
—

 
4,799

Investments in subsidiaries
23,871

 
—

 
—

 
(23,871
)
 
—

Due from subsidiaries and affiliates, net
498

 
—

 
—

 
(498
)
 
—

Other assets
8

 
7,018

 
1,505

 
—

 
8,531

Total assets
$
24,516

 
$
63,203

 
$
23,971

 
$
(24,369
)
 
$
87,321

Liabilities
 
 
 
 
 
 
 
 
 
Unpaid losses and loss expenses
$
—

 
$
30,837

 
$
6,640

 
$
—

 
$
37,477

Unearned premiums
—

 
5,416

 
918

 
—

 
6,334

Future policy benefits
—

 
3,673

 
601

 
—

 
4,274

Due to subsidiaries and affiliates, net
—

 
316

 
182

 
(498
)
 
—

Short-term debt
—

 
850

 
401

 
—

 
1,251

Long-term debt
—

 
3,360

 
—

 
—

 
3,360

Trust preferred securities
—

 
309

 
—

 
—

 
309

Other liabilities
184

 
7,769

 
2,031

 
—

 
9,984

Total liabilities
184

 
52,530

 
10,773

 
(498
)
 
62,989

Total shareholders’ equity
24,332

 
10,673

 
13,198

 
(23,871
)
 
24,332

Total liabilities and shareholders’ equity
$
24,516

 
$
63,203

 
$
23,971

 
$
(24,369
)
 
$
87,321

(1) 
Includes all other subsidiaries of ACE Limited and intercompany eliminations.
(2) 
Includes ACE Limited parent company eliminations.
Condensed Consolidating Statement Of Operations and Comprehensive Income
Condensed Consolidating Statements of Operations and Comprehensive Income

For the Year Ended December 31, 2012
ACE Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries and
Eliminations(1)

 
Consolidating
Adjustments (2)

 
ACE Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net premiums written
$
—

 
$
9,466

 
$
6,609

 
$
—

 
$
16,075

Net premiums earned
—

 
9,194

 
6,483

 
—

 
15,677

Net investment income
1

 
1,048

 
1,132

 
—

 
2,181

Equity in earnings of subsidiaries
2,590

 
—

 
—

 
(2,590
)
 
—

Net realized gains (losses) including OTTI
17

 
121

 
(60
)
 
—

 
78

Losses and loss expenses
—

 
6,211

 
3,442

 
—

 
9,653

Policy benefits
—

 
309

 
212

 
—

 
521

Policy acquisition costs and administrative expenses
62

 
2,564

 
1,916

 
—

 
4,542

Interest (income) expense
(33
)
 
257

 
26

 
—

 
250

Other (income) expense
(137
)
 
77

 
54

 
—

 
(6
)
Income tax expense
10

 
193

 
67

 
—

 
270

Net income
$
2,706

 
$
752

 
$
1,838

 
$
(2,590
)
 
$
2,706

Comprehensive income
$
3,682

 
$
1,209

 
$
1,381

 
$
(2,590
)
 
$
3,682



Condensed Consolidating Statements of Operations and Comprehensive Income

For the Year Ended December 31, 2011
ACE Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries and
Eliminations(1)

 
Consolidating
Adjustments (2)

 
ACE Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net premiums written
$
—

 
$
9,081

 
$
6,291

 
$
—

 
$
15,372

Net premiums earned
—

 
9,082

 
6,305

 
—

 
15,387

Net investment income
2

 
1,096

 
1,144

 
—

 
2,242

Equity in earnings of subsidiaries
1,459

 
—

 
—

 
(1,459
)
 
—

Net realized gains (losses) including OTTI
(4
)
 
62

 
(853
)
 
—

 
(795
)
Losses and loss expenses
—

 
5,889

 
3,631

 
—

 
9,520

Policy benefits
—

 
192

 
209

 
—

 
401

Policy acquisition costs and administrative expenses
69

 
2,561

 
1,910

 
—

 
4,540

Interest (income) expense
(37
)
 
267

 
20

 
—

 
250

Other (income) expense
(125
)
 
143

 
63

 
—

 
81

Income tax expense
10

 
418

 
74

 
—

 
502

Net income
$
1,540

 
$
770

 
$
689

 
$
(1,459
)
 
$
1,540

Comprehensive income
$
1,857

 
$
1,077

 
$
382

 
$
(1,459
)
 
$
1,857

(1) 
Includes all other subsidiaries of ACE Limited and intercompany eliminations.
(2) 
Includes ACE Limited parent company eliminations.

Condensed Consolidating Statements of Operations and Comprehensive Income

For the Year Ended December 31, 2010
ACE Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries and
Eliminations(1)

 
Consolidating
Adjustments (2)

 
ACE Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net premiums written
$
—

 
$
8,195

 
$
5,513

 
$
—

 
$
13,708

Net premiums earned
—

 
7,940

 
5,564

 
—

 
13,504

Net investment income
1

 
1,011

 
1,058

 
—

 
2,070

Equity in earnings of subsidiaries
3,043

 
—

 
—

 
(3,043
)
 
—

Net realized gains (losses) including OTTI
(42
)
 
303

 
171

 
—

 
432

Losses and loss expenses
—

 
4,910

 
2,669

 
—

 
7,579

Policy benefits
—

 
148

 
209

 
—

 
357

Policy acquisition costs and administrative expenses
70

 
2,395

 
1,753

 
—

 
4,218

Interest (income) expense
(37
)
 
251

 
10

 
—

 
224

Other (income) expense
(123
)
 
101

 
12

 
—

 
(10
)
Income tax expense
7

 
441

 
105

 
—

 
553

Net income
$
3,085

 
$
1,008

 
$
2,035

 
$
(3,043
)
 
$
3,085

Comprehensive income
$
3,856

 
$
1,271

 
$
1,772

 
$
(3,043
)
 
$
3,856

(1) 
Includes all other subsidiaries of ACE Limited and intercompany eliminations.
(2) 
Includes ACE Limited parent company eliminations.
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows 

For the Year Ended December 31, 2012
ACE Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries and
Eliminations(1)

 
Consolidating
Adjustments (2)

 
ACE Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net cash flows from operating activities
$
781

 
$
1,744

 
$
1,920

 
$
(450
)
 
$
3,995

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Purchases of fixed maturities available for sale
—

 
(11,843
)
 
(12,001
)
 
—

 
(23,844
)
Purchases of fixed maturities held to maturity
—

 
(384
)
 
(4
)
 
—

 
(388
)
Purchases of equity securities
—

 
(70
)
 
(65
)
 
—

 
(135
)
Sales of fixed maturities available for sale
—

 
7,347

 
7,422

 
—

 
14,769

Sales of equity securities
—

 
59

 
60

 
—

 
119

Maturities and redemptions of fixed maturities available for sale
—

 
2,759

 
2,764

 
—

 
5,523

Maturities and redemptions of fixed maturities held to maturity
—

 
1,045

 
406

 
—

 
1,451

Net derivative instruments settlements
(1
)
 
(6
)
 
(274
)
 
—

 
(281
)
Capital contribution
—

 
—

 
(90
)
 
90

 
—

Advances from (to) affiliates
(2
)
 
—

 
—

 
2

 
—

Acquisition of subsidiaries (net of cash acquired of $8)
—

 
(111
)
 
13

 
—

 
(98
)
Other
—

 
(395
)
 
(160
)
 
—

 
(555
)
Net cash flows used for investing activities
(3
)
 
(1,599
)
 
(1,929
)
 
92

 
(3,439
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(815
)
 
—

 
—

 
—

 
(815
)
Common Shares repurchased
—

 
—

 
(11
)
 
—

 
(11
)
Net proceeds from issuance of short-term debt
—

 
1

 
149

 
—

 
150

Proceeds from share-based compensation plans, including windfall tax benefits
34

 
13

 
79

 
—

 
126

Advances (to) from affiliates
—

 
(105
)
 
107

 
(2
)
 
—

Dividends to parent company
—

 
—

 
(450
)
 
450

 
—

Capital contribution
—

 
90

 
—

 
(90
)
 
—

Net cash flows used for financing activities
(781
)
 
(1
)
 
(126
)
 
358

 
(550
)
Effect of foreign currency rate changes on cash and cash equivalents
—

 
(11
)
 
6

 
—

 
(5
)
Net increase (decrease) in cash
(3
)
 
133

 
(129
)
 
—

 
1

Cash – beginning of period
106

 
382

 
126

 
—

 
614

Cash – end of period(3)
$
103

 
$
515

 
$
(3
)
 
$
—

 
$
615

(1)
Includes all other subsidiaries of ACE Limited and intercompany eliminations.
(2)
Includes ACE Limited parent company eliminations and certain consolidating adjustments.
(3)
ACE maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2012, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2011
ACE Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries and
Eliminations(1)

 
Consolidating
Adjustments (2)

 
ACE Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net cash flows from operating activities
$
762

 
$
1,053

 
$
2,395

 
$
(740
)
 
$
3,470

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Purchases of fixed maturities available for sale
—

 
(12,203
)
 
(12,375
)
 
—

 
(24,578
)
Purchases of fixed maturities held to maturity
—

 
(338
)
 
(2
)
 
—

 
(340
)
Purchases of equity securities
—

 
(157
)
 
(152
)
 
—

 
(309
)
Sales of fixed maturities available for sale
9

 
9,718

 
8,244

 
—

 
17,971

Sales of equity securities
—

 
354

 
22

 
—

 
376

Maturities and redemptions of fixed maturities available for sale
—

 
1,784

 
1,936

 
—

 
3,720

Maturities and redemptions of fixed maturities held to maturity
—

 
933

 
346

 
—

 
1,279

Net derivative instruments settlements
(3
)
 
(24
)
 
(40
)
 
—

 
(67
)
Capital contribution
(385
)
 
—

 
—

 
385

 
—

Advances from (to) affiliates
41

 
—

 
—

 
(41
)
 
—

Acquisition of subsidiaries (net of cash acquired of $91)
—

 
(569
)
 
(37
)
 
—

 
(606
)
Other
—

 
(420
)
 
(62
)
 
—

 
(482
)
Net cash flows used for investing activities
(338
)
 
(922
)
 
(2,120
)
 
344

 
(3,036
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(459
)
 
—

 
—

 
—

 
(459
)
Common Shares repurchased
—

 
—

 
(195
)
 
—

 
(195
)
Net proceeds from (repayments) issuance of short-term debt
(300
)
 
(150
)
 
400

 
—

 
(50
)
Proceeds from share-based compensation plans, including windfall tax benefits
133

 
3

 
3

 
—

 
139

Advances from (to) affiliates
—

 
(149
)
 
108

 
41

 
—

Dividends to parent company
—

 
—

 
(740
)
 
740

 
—

Capital contribution
—

 
—

 
385

 
(385
)
 
—

Net cash flows used for financing activities
(626
)
 
(296
)
 
(39
)
 
396

 
(565
)
Effect of foreign currency rate changes on cash and cash equivalents
—

 
(26
)
 
(1
)
 
—

 
(27
)
Net increase (decrease) in cash
(202
)
 
(191
)
 
235

 
—

 
(158
)
Cash – beginning of period(3)
308

 
573

 
(109
)
 
—

 
772

Cash – end of period
$
106

 
$
382

 
$
126

 
$
—

 
$
614

(1) 
Includes all other subsidiaries of ACE Limited and intercompany eliminations.
(2) 
Includes ACE Limited parent company eliminations and certain consolidating adjustments.
(3) 
ACE maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2010, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2010
ACE Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries and
Eliminations(1)

 
Consolidating
Adjustments (2)

 
ACE Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net cash flows from operating activities
$
(176
)
 
$
1,798

 
$
2,124

 
$
(200
)
 
$
3,546

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Purchases of fixed maturities available for sale
(1
)
 
(13,785
)
 
(17,470
)
 
—

 
(31,256
)
Purchases of fixed maturities held to maturity
—

 
(615
)
 
(1
)
 
—

 
(616
)
Purchases of equity securities
—

 
(107
)
 
(687
)
 
—

 
(794
)
Sales of fixed maturities available for sale
—

 
10,225

 
14,054

 
—

 
24,279

Sales of equity securities
—

 
17

 
757

 
—

 
774

Maturities and redemptions of fixed maturities available for sale
—

 
1,845

 
1,815

 
—

 
3,660

Maturities and redemptions of fixed maturities held to maturity
—

 
1,142

 
211

 
—

 
1,353

Net derivative instruments settlements
(3
)
 
(10
)
 
(96
)
 
—

 
(109
)
Capital contribution
(290
)
 
—

 
—

 
290

 
—

Advances from (to) affiliates
851

 
—

 
—

 
(851
)
 
—

Acquisition of subsidiaries (net of cash acquired of $80)
—

 
(1,139
)
 
—

 
—

 
(1,139
)
Other
—

 
(253
)
 
(80
)
 
—

 
(333
)
Net cash flows from (used for) investing activities
557

 
(2,680
)
 
(1,497
)
 
(561
)
 
(4,181
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(435
)
 
—

 
—

 
—

 
(435
)
Common Shares repurchased
—

 
—

 
(235
)
 
—

 
(235
)
Net proceeds from issuance of short-term debt
300

 
841

 
—

 
—

 
1,141

Net proceeds from issuance of long-term debt
—

 
199

 
—

 
—

 
199

Proceeds from share-based compensation plans, including windfall tax benefits
63

 
—

 
(1
)
 
—

 
62

Advances from (to) affiliates
—

 
3

 
(854
)
 
851

 
—

Dividends to parent company
—

 
—

 
(200
)
 
200

 
—

Capital contribution
—

 
—

 
290

 
(290
)
 
—

Net cash flows from (used for) financing activities
(72
)
 
1,043

 
(1,000
)
 
761

 
732

Effect of foreign currency rate changes on cash and cash equivalents
—

 
12

 
(6
)
 
—

 
6

Net increase (decrease) in cash
309

 
173

 
(379
)
 
—

 
103

Cash – beginning of period(3)
(1
)
 
400

 
270

 
—

 
669

Cash – end of period(3)
$
308

 
$
573

 
$
(109
)
 
$
—

 
$
772

(1) 
Includes all other subsidiaries of ACE Limited and intercompany eliminations.
(2) 
Includes ACE Limited parent company eliminations and certain consolidating adjustments.
(3) 
ACE maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2010 and 2009, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.