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Information provided in connection with outstanding debt of subsidiaries (Tables)
 9 Months Ended
Sep. 30, 2013
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet at September 30, 2013
(in millions of U.S. dollars)
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE Limited
Consolidated

Assets
 
 
 
 
 
 
 
 
 
Investments
$
29

 
$
10

 
$
60,303

 
$
—

 
$
60,342

Cash(1)
11

 
165

 
1,464

 
(872
)
 
768

Insurance and reinsurance balances receivable
—

 
—

 
6,225

 
(1,136
)
 
5,089

Reinsurance recoverable on losses and loss expenses
—

 
—

 
20,279

 
(8,802
)
 
11,477

Reinsurance recoverable on policy benefits
—

 
—

 
1,246

 
(1,009
)
 
237

Value of business acquired
—

 
—

 
554

 
—

 
554

Goodwill and other intangible assets
—

 
—

 
5,465

 
—

 
5,465

Investments in subsidiaries
28,457

 
17,979

 
—

 
(46,436
)
 
—

Due from subsidiaries and affiliates, net
813

 
—

 
—

 
(813
)
 
—

Other assets
5

 
219

 
12,679

 
(2,251
)
 
10,652

Total assets
$
29,315

 
$
18,373

 
$
108,215

 
$
(61,319
)
 
$
94,584

Liabilities
 
 
 
 
 
 
 
 
 
Unpaid losses and loss expenses
$
—

 
$
—

 
$
46,215

 
$
(8,333
)
 
$
37,882

Unearned premiums
—

 
—

 
9,523

 
(1,729
)
 
7,794

Future policy benefits
—

 
—

 
5,605

 
(1,009
)
 
4,596

Due to (from) subsidiaries and affiliates, net
—

 
661

 
152

 
(813
)
 
—

Affiliated notional cash pooling programs(1)
872

 
—

 
—

 
(872
)
 
—

Short-term debt
—

 
500

 
1,402

 
—

 
1,902

Long-term debt
—

 
3,795

 
12

 
—

 
3,807

Trust preferred securities
—

 
309

 
—

 
—

 
309

Other liabilities
225

 
1,342

 
10,636

 
(2,127
)
 
10,076

Total liabilities
1,097

 
6,607

 
73,545

 
(14,883
)
 
66,366

Total shareholders’ equity
28,218

 
11,766

 
34,670

 
(46,436
)
 
28,218

Total liabilities and shareholders’ equity
$
29,315

 
$
18,373

 
$
108,215

 
$
(61,319
)
 
$
94,584


(1) 
ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At September 30, 2013, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
 




Condensed Consolidating Balance Sheet at December 31, 2012 (Revised)

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

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE Limited
Consolidated

Assets
 
 
 
 
 
 
 
 
 
Investments
$
31

 
$
14

 
$
60,219

 
$
—

 
$
60,264

Cash(1)
103

 
2

 
859

 
(349
)
 
615

Insurance and reinsurance balances receivable
—

 
—

 
4,742

 
(595
)
 
4,147

Reinsurance recoverable on losses and loss expenses
—

 
—

 
20,935

 
(8,857
)
 
12,078

Reinsurance recoverable on policy benefits
—

 
—

 
1,229

 
(988
)
 
241

Value of business acquired
—

 
—

 
614

 
—

 
614

Goodwill and other intangible assets
—

 
—

 
4,975

 
—

 
4,975

Investments in subsidiaries
27,251

 
17,016

 
—

 
(44,267
)
 
—

Due from subsidiaries and affiliates, net
204

 
—

 
—

 
(204
)
 
—

Other assets
13

 
210

 
11,304

 
(1,916
)
 
9,611

Total assets
$
27,602

 
$
17,242

 
$
104,877

 
$
(57,176
)
 
$
92,545

Liabilities
 
 
 
 
 
 
 
 
 
Unpaid losses and loss expenses
$
—

 
$
—

 
$
46,109

 
$
(8,163
)
 
$
37,946

Unearned premiums
—

 
—

 
8,248

 
(1,384
)
 
6,864

Future policy benefits
—

 
—

 
5,458

 
(988
)
 
4,470

Due to (from) subsidiaries and affiliates, net
—

 
68

 
136

 
(204
)
 
—

Affiliated notional cash pooling programs(1)
—

 
349

 
—

 
(349
)
 
—

Short-term debt
—

 
—

 
1,401

 
—

 
1,401

Long-term debt
—

 
3,347

 
13

 
—

 
3,360

Trust preferred securities
—

 
309

 
—

 
—

 
309

Other liabilities
71

 
1,195

 
11,219

 
(1,821
)
 
10,664

Total liabilities
71

 
5,268

 
72,584

 
(12,909
)
 
65,014

Total shareholders’ equity
27,531

 
11,974

 
32,293

 
(44,267
)
 
27,531

Total liabilities and shareholders’ equity
$
27,602

 
$
17,242

 
$
104,877

 
$
(57,176
)
 
$
92,545

(1) 
ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. 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, 2012 (As previously reported)

(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, primarily intercompany reinsurance transactions.
(2)
Includes ACE Limited parent company eliminations.
(3)
ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. 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 Operations and Comprehensive Income
Condensed Consolidating Statements of Operations and Comprehensive Income
For the Three Months Ended September 30, 2013
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE
Limited
Consolidated

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

 
$
—

 
$
4,620

 
$
—

 
$
4,620

Net premiums earned
—

 
—

 
4,610

 
—

 
4,610

Net investment income
1

 
—

 
521

 
—

 
522

Equity in earnings of subsidiaries
863

 
322

 
—

 
(1,185
)
 
—

Net realized gains (losses) including OTTI
—

 
(2
)
 
42

 
—

 
40

Losses and loss expenses
—

 
—

 
2,655

 
—

 
2,655

Policy benefits
—

 
—

 
138

 
—

 
138

Policy acquisition costs and administrative expenses
13

 
4

 
1,224

 
—

 
1,241

Interest (income) expense
(8
)
 
69

 
11

 
—

 
72

Other (income) expense
(62
)
 
6

 
51

 
—

 
(5
)
Income tax expense (benefit)
5

 
(14
)
 
164

 
—

 
155

Net income
$
916

 
$
255

 
$
930

 
$
(1,185
)
 
$
916

Comprehensive income
$
1,030

 
$
339

 
$
1,043

 
$
(1,382
)
 
$
1,030



Condensed Consolidating Statements of Operations and Comprehensive Income (Revised)
For the Three Months Ended September 30, 2012
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE
Limited
Consolidated

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

 
$
—

 
$
4,716

 
$
—

 
$
4,716

Net premiums earned
—

 
—

 
4,665

 
—

 
4,665

Net investment income
—

 
1

 
532

 
—

 
533

Equity in earnings of subsidiaries
616

 
285

 
—

 
(901
)
 
—

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

 
(56
)
 
—

 
(60
)
Losses and loss expenses
—

 
—

 
3,047

 
—

 
3,047

Policy benefits
—

 
—

 
130

 
—

 
130

Policy acquisition costs and administrative expenses
16

 
6

 
1,106

 
—

 
1,128

Interest (income) expense
(8
)
 
60

 
11

 
—

 
63

Other (income) expense
(39
)
 
7

 
15

 
—

 
(17
)
Income tax expense (benefit)
3

 
(24
)
 
168

 
—

 
147

Net income
$
640

 
$
237

 
$
664

 
$
(901
)
 
$
640

Comprehensive income
$
1,316

 
$
593

 
$
1,339

 
$
(1,932
)
 
$
1,316



Condensed Consolidating Statements of Operations and Comprehensive Income (As previously reported)
For the Three Months Ended September 30, 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
$
—

 
$
2,868

 
$
1,848

 
$
—

 
$
4,716

Net premiums earned
—

 
2,819

 
1,846

 
—

 
4,665

Net investment income
—

 
255

 
278

 
—

 
533

Equity in earnings of subsidiaries
616

 
—

 
—

 
(616
)
 
—

Net realized gains (losses) including OTTI
(4
)
 
11

 
(67
)
 
—

 
(60
)
Losses and loss expenses
—

 
1,977

 
1,070

 
—

 
3,047

Policy benefits
—

 
77

 
53

 
—

 
130

Policy acquisition costs and administrative expenses
16

 
587

 
525

 
—

 
1,128

Interest (income) expense
(8
)
 
67

 
4

 
—

 
63

Other (income) expense
(39
)
 
17

 
5

 
—

 
(17
)
Income tax expense
3

 
123

 
21

 
—

 
147

Net income
$
640

 
$
237

 
$
379

 
$
(616
)
 
$
640

Comprehensive income
$
1,316

 
$
593

 
$
23

 
$
(616
)
 
$
1,316

(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 (Loss)
For the Nine Months Ended September 30, 2013
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE
Limited
Consolidated

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

 
$
—

 
$
12,809

 
$
—

 
$
12,809

Net premiums earned
—

 
—

 
12,250

 
—

 
12,250

Net investment income
2

 
2

 
1,583

 
—

 
1,587

Equity in earnings of subsidiaries
2,619

 
767

 
—

 
(3,386
)
 
—

Net realized gains (losses) including OTTI
12

 
(2
)
 
340

 
—

 
350

Losses and loss expenses
—

 
—

 
6,831

 
—

 
6,831

Policy benefits
—

 
—

 
379

 
—

 
379

Policy acquisition costs and administrative expenses
40

 
13

 
3,545

 
—

 
3,598

Interest (income) expense
(23
)
 
200

 
28

 
—

 
205

Other (income) expense
(157
)
 
21

 
158

 
—

 
22

Income tax expense (benefit)
13

 
(80
)
 
459

 
—

 
392

Net income
$
2,760

 
$
613

 
$
2,773

 
$
(3,386
)
 
$
2,760

Comprehensive income (loss)
$
1,247

 
$
(195
)
 
$
1,259

 
$
(1,064
)
 
$
1,247



Condensed Consolidating Statements of Operations and Comprehensive Income (Revised)
For the Nine Months Ended September 30, 2012
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE
Limited
Consolidated

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

 
$
—

 
$
12,418

 
$
—

 
$
12,418

Net premiums earned
—

 
—

 
11,829

 
—

 
11,829

Net investment income
1

 
2

 
1,611

 
—

 
1,614

Equity in earnings of subsidiaries
1,845

 
775

 
—

 
(2,620
)
 
—

Net realized gains (losses) including OTTI
18

 
—

 
(212
)
 
—

 
(194
)
Losses and loss expenses
—

 
—

 
6,970

 
—

 
6,970

Policy benefits
—

 
—

 
379

 
—

 
379

Policy acquisition costs and administrative expenses
42

 
20

 
3,291

 
—

 
3,353

Interest (income) expense
(25
)
 
175

 
37

 
—

 
187

Other (income) expense
(102
)
 
(8
)
 
124

 
—

 
14

Income tax expense (benefit)
8

 
(72
)
 
469

 
—

 
405

Net income
$
1,941

 
$
662

 
$
1,958

 
$
(2,620
)
 
$
1,941

Comprehensive income
$
3,044

 
$
1,203

 
$
3,060

 
$
(4,263
)
 
$
3,044



Condensed Consolidating Statements of Operations and Comprehensive Income (As previously reported)
For the Nine Months Ended September 30, 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
$
—

 
$
7,293

 
$
5,125

 
$
—

 
$
12,418

Net premiums earned
—

 
6,967

 
4,862

 
—

 
11,829

Net investment income
1

 
777

 
836

 
—

 
1,614

Equity in earnings of subsidiaries
1,845

 
—

 
—

 
(1,845
)
 
—

Net realized gains (losses) including OTTI
18

 
71

 
(283
)
 
—

 
(194
)
Losses and loss expenses
—

 
4,484

 
2,486

 
—

 
6,970

Policy benefits
—

 
217

 
162

 
—

 
379

Policy acquisition costs and administrative expenses
42

 
1,883

 
1,428

 
—

 
3,353

Interest (income) expense
(25
)
 
191

 
21

 
—

 
187

Other (income) expense
(102
)
 
51

 
65

 
—

 
14

Income tax expense
8

 
327

 
70

 
—

 
405

Net income
$
1,941

 
$
662

 
$
1,183

 
$
(1,845
)
 
$
1,941

Comprehensive income
$
3,044

 
$
1,203

 
$
642

 
$
(1,845
)
 
$
3,044

(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 Nine Months Ended September 30, 2013
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE
Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net cash flows from (used for) operating activities
$
80

 
$
2

 
$
2,654

 
$
—

 
$
2,736

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Purchases of fixed maturities available for sale and net change in short-term investments
—

 
4

 
(15,996
)
 
103

 
(15,889
)
Purchases of fixed maturities held to maturity
—

 
—

 
(374
)
 
—

 
(374
)
Purchases of equity securities
—

 
—

 
(217
)
 
—

 
(217
)
Sales of fixed maturities available for
sale
—

 
—

 
8,115

 
(103
)
 
8,012

Sales of equity securities
—

 
—

 
99

 
—

 
99

Maturities and redemptions of fixed maturities available for sale
—

 
—

 
5,538

 
—

 
5,538

Maturities and redemptions of fixed maturities held to maturity
—

 
—

 
1,233

 
—

 
1,233

Net derivative instruments settlements
—

 
(1
)
 
(375
)
 
—

 
(376
)
Acquisition of subsidiaries (net of cash acquired of $38)
—

 
—

 
(977
)
 
—

 
(977
)
Capital contribution
(133
)
 
(1,010
)
 
—

 
1,143

 
—

Other
—

 
(5
)
 
(183
)
 
—

 
(188
)
Net cash flows used for investing activities
(133
)
 
(1,012
)
 
(3,137
)
 
1,143

 
(3,139
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(343
)
 
—

 
—

 
—

 
(343
)
Common Shares repurchased
—

 
—

 
(233
)
 
—

 
(233
)
Proceeds from issuance of long-term debt
—

 
947

 
—

 
—

 
947

Net proceeds from issuance of short-term debt
—

 
—

 
1

 
—

 
1

Proceeds from share-based compensation plans, including windfall tax benefits
7

 
—

 
105

 
—

 
112

Advances (to) from affiliates
(575
)
 
575

 
—

 
—

 
—

Capital contribution
—

 
—

 
1,143

 
(1,143
)
 
—

Net proceeds from (payments to) affiliated notional cash pooling programs(1)
872

 
(349
)
 
—

 
(523
)
 
—

Other
—

 
—

 
68

 
—

 
68

Net cash flows from (used for) financing activities
(39
)
 
1,173

 
1,084

 
(1,666
)
 
552

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

 
—

 
4

 
—

 
4

Net (decrease) increase in cash
(92
)
 
163

 
605

 
(523
)
 
153

Cash – beginning of period(1)
103

 
2

 
859

 
(349
)
 
615

Cash – end of period(1)
$
11

 
$
165

 
$
1,464

 
$
(872
)
 
$
768

(1) 
ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At September 30, 2013 and 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 (Revised)
For the Nine Months Ended September 30, 2012
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE
Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net cash flows from operating activities
$
136

 
$
127

 
$
2,882

 
$
(120
)
 
$
3,025

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Purchases of fixed maturities available for sale and net change in short-term investments
—

 
—

 
(17,803
)
 
147

 
(17,656
)
Purchases of fixed maturities held to maturity
—

 
—

 
(217
)
 
—

 
(217
)
Purchases of equity securities
—

 
—

 
(114
)
 
—

 
(114
)
Sales of fixed maturities available for sale
—

 
—

 
11,502

 
(147
)
 
11,355

Sales of equity securities
—

 
—

 
57

 
—

 
57

Maturities and redemptions of fixed maturities available for sale
—

 
—

 
3,596

 
—

 
3,596

Maturities and redemptions of fixed maturities held to maturity
—

 
—

 
1,092

 
—

 
1,092

Net derivative instruments settlements
(1
)
 
—

 
(357
)
 
—

 
(358
)
Acquisition of subsidiaries (net of cash acquired of $8)
—

 
—

 
(98
)
 
—

 
(98
)
Capital contribution
—

 
(89
)
 
(90
)
 
179

 
—

Other
—

 
(2
)
 
(337
)
 
—

 
(339
)
Net cash flows used for investing activities
(1
)
 
(91
)
 
(2,769
)
 
179

 
(2,682
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(484
)
 
—

 
—

 
—

 
(484
)
Common Shares repurchased
—

 
—

 
(11
)
 
—

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

 
—

 
151

 
—

 
151

Proceeds from share-based compensation plans
17

 
—

 
56

 
—

 
73

Advances (to) from affiliates
110

 
(106
)
 
(4
)
 
—

 
—

Dividends to parent company
—

 
—

 
(120
)
 
120

 
—

Capital contribution
—

 
90

 
89

 
(179
)
 
—

Net proceeds from (payments to) affiliated notional cash pooling programs(1)
116

 
7

 
—

 
(123
)
 
—

Net cash flows from (used for) financing activities
(241
)
 
(9
)
 
161

 
(182
)
 
(271
)
Effect of foreign currency rate changes on cash and cash equivalents
—

 
—

 
4

 
—

 
4

Net increase (decrease) in cash
(106
)
 
27

 
278

 
(123
)
 
76

Cash – beginning of period(1)
106

 
5

 
651

 
(148
)
 
614

Cash – end of period(1)
$
—

 
$
32

 
$
929

 
$
(271
)
 
$
690


(1) 
ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At September 30, 2012 and December 31, 2011, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
Condensed Consolidating Statement of Cash Flows (As previously reported)
For the Nine Months Ended September 30, 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
$
210

 
$
1,553

 
$
1,262

 
$
—

 
$
3,025

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

 
(8,553
)
 
(9,103
)
 
—

 
(17,656
)
Purchases of fixed maturities held to maturity
—

 
(215
)
 
(2
)
 
—

 
(217
)
Purchases of equity securities
—

 
(65
)
 
(49
)
 
—

 
(114
)
Sales of fixed maturities available for sale
—

 
5,154

 
6,201

 
—

 
11,355

Sales of equity securities
—

 
48

 
9

 
—

 
57

Maturities and redemptions of fixed maturities available for sale
—

 
1,757

 
1,839

 
—

 
3,596

Maturities and redemptions of fixed maturities held to maturity
—

 
798

 
294

 
—

 
1,092

Net derivative instruments settlements
(1
)
 
(10
)
 
(347
)
 
—

 
(358
)
Advances from affiliates
36

 
—

 
—

 
(36
)
 
—

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

 
(98
)
 
—

 
—

 
(98
)
Capital contribution
—

 
—

 
(90
)
 
90

 
—

Other
—

 
(279
)
 
(60
)
 
—

 
(339
)
Net cash flows from (used for) investing activities
35

 
(1,463
)
 
(1,308
)
 
54

 
(2,682
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(484
)
 
—

 
—

 
—

 
(484
)
Common Shares repurchased
—

 
—

 
(11
)
 
—

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

 
1

 
150

 
—

 
151

Proceeds from share-based compensation plans
17

 
—

 
56

 
—

 
73

Advances to affiliates
—

 
(10
)
 
(26
)
 
36

 
—

Capital contribution
—

 
90

 
—

 
(90
)
 
—

Net cash flows from (used for) financing activities
(467
)
 
81

 
169

 
(54
)
 
(271
)
Effect of foreign currency rate changes on cash and cash equivalents
—

 
(3
)
 
7

 
—

 
4

Net increase (decrease) in cash
(222
)
 
168

 
130

 
—

 
76

Cash – beginning of period
106

 
382

 
126

 
—

 
614

Cash – end of period(3)
$
(116
)
 
$
550

 
$
256

 
$
—

 
$
690

(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 multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At September 30, 2012 and December 31, 2011, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.