Information provided in connection with outstanding debt of subsidiaries (Tables)

12 Months Ended

Dec. 31, 2013

Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet at December 31, 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	$	32	$	10	$	60,886	$	—		$	60,928
Cash(1)	—		16		748		(185		)	579
Insurance and reinsurance balances receivable	—		—		5,835		(809		)	5,026
Reinsurance recoverable on losses and loss expenses	—		—		20,057		(8,830		)	11,227
Reinsurance recoverable on policy benefits	—		—		1,215		(997		)	218
Value of business acquired	—		—		536		—			536
Goodwill and other intangible assets	—		—		5,404		—			5,404
Investments in subsidiaries	28,351		18,105		—		(46,456		)	—
Due from subsidiaries and affiliates, net	844		—		—		(844		)	—
Other assets	5		258		13,788		(3,459		)	10,592
Total assets	$	29,232	$	18,389	$	108,469	$	(61,580	)	$	94,510
Liabilities
Unpaid losses and loss expenses	$	—	$	—	$	45,714	$	(8,271	)	$	37,443
Unearned premiums	—		—		9,242		(1,703		)	7,539
Future policy benefits	—		—		5,612		(997		)	4,615
Due to (from) subsidiaries and affiliates, net	—		714		130		(844		)	—
Affiliated notional cash pooling programs(1)	185		—		—		(185		)	—
Short-term debt	—		500		1,401		—			1,901
Long-term debt	—		3,795		12		—			3,807
Trust preferred securities	—		309		—		—			309
Other liabilities	222		1,318		11,655		(3,124		)	10,071
Total liabilities	407		6,636		73,766		(15,124		)	65,685
Total shareholders’ equity	28,825		11,753		34,703		(46,456		)	28,825
Total liabilities and shareholders’ equity	$	29,232	$	18,389	$	108,469	$	(61,580	)	$	94,510

⁽¹⁾  ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1f) for additional information. At December 31, 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 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. 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, 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.

⁽²⁾ Includes ACE Limited parent company eliminations.

⁽³⁾ ACE maintains two notional multicurrency 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.

Condens

Condensed Consolidating Statement Of Operations and Comprehensive Income

Condensed Consolidating Statements of Operations and Comprehensive Income

For the Year Ended December 31, 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	$	—		$	—		$	17,025	$	—		$	17,025
Net premiums earned	—			—			16,613		—			16,613
Net investment income	2			3			2,139		—			2,144
Equity in earnings of subsidiaries	3,580			942			—		(4,522		)	—
Net realized gains (losses) including OTTI	—			(2		)	506		—			504
Losses and loss expenses	—			—			9,348		—			9,348
Policy benefits	—			—			515		—			515
Policy acquisition costs and administrative expenses	60			19			4,791		—			4,870
Interest (income) expense	(32		)	270			37		—			275
Other (income) expense	(221		)	27			209		—			15
Income tax expense (benefit)	17			(108		)	571		—			480
Net income	$	3,758		$	735		$	3,787	$	(4,522	)	$	3,758
Comprehensive income	$	2,023		$	(230	)	$	2,051	$	(1,821	)	$	2,023

Condensed Consolidating Statements of Operations and Comprehensive Income (Revised)

For the Year Ended December 31, 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	$	—		$	—		$	16,075	$	—		$	16,075
Net premiums earned	—			—			15,677		—			15,677
Net investment income	1			3			2,177		—			2,181
Equity in earnings of subsidiaries	2,590			911			—		(3,501		)	—
Net realized gains (losses) including OTTI	17			—			61		—			78
Losses and loss expenses	—			—			9,653		—			9,653
Policy benefits	—			—			521		—			521
Policy acquisition costs and administrative expenses	62			28			4,452		—			4,542
Interest (income) expense	(33		)	235			48		—			250
Other (income) expense	(137		)	9			122		—			(6		)
Income tax expense (benefit)	10			(110		)	370		—			270
Net income	$	2,706		$	752		$	2,749	$	(3,501	)	$	2,706
Comprehensive income	$	3,682		$	1,209		$	3,724	$	(4,933	)	$	3,682

Condensed Consolidating Statements of Operations and Comprehensive Income (As previously reported)

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

⁽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 (Revised)

For the Year Ended December 31, 2011	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	$	—		$	—		$	15,372		$	—		$	15,372
Net premiums earned	—			—			15,387			—			15,387
Net investment income	2			2			2,238			—			2,242
Equity in earnings of subsidiaries	1,459			989			—			(2,448		)	—
Net realized gains (losses) including OTTI	(4		)	—			(791		)	—			(795		)
Losses and loss expenses	—			—			9,520			—			9,520
Policy benefits	—			—			401			—			401
Policy acquisition costs and administrative expenses	69			37			4,434			—			4,540
Interest (income) expense	(37		)	266			21			—			250
Other (income) expense	(125		)	21			185			—			81
Income tax expense (benefit)	10			(103		)	595			—			502
Net income	$	1,540		$	770		$	1,678		$	(2,448	)	$	1,540
Comprehensive income	$	1,857		$	1,077		$	1,994		$	(3,071	)	$	1,857

Condensed Consolidating Statements of Operations and Comprehensive Income (As previously reported)

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 Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 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	$	970		$	(107	)	$	3,984		$	(825	)	$	4,022
Cash flows from investing activities
Purchases of fixed maturities available for sale	—			—			(21,504		)	106			(21,398		)
Purchases of fixed maturities held to maturity	—			—			(447		)	—			(447		)
Purchases of equity securities	—			—			(264		)	—			(264		)
Sales of fixed maturities available for sale	—			—			10,519			(106		)	10,413
Sales of equity securities	—			—			142			—			142
Maturities and redemptions of fixed maturities available for sale	—			—			6,941			—			6,941
Maturities and redemptions of fixed maturities held to maturity	—			—			1,488			—			1,488
Net change in short-term investments	(1		)	4			521			—			524
Net derivative instruments settlements	—			(1		)	(470		)	—			(471		)
Acquisition of subsidiaries (net of cash acquired of $38)	—			—			(977		)	—			(977		)
Capital contribution	(133		)	(1,097		)	—			1,230			—
Other	—			(4		)	(389		)	—			(393		)
Net cash flows used for investing activities	(134		)	(1,098		)	(4,440		)	1,230			(4,442		)
Cash flows from financing activities
Dividends paid on Common Shares	(517		)	—			—			—			(517		)
Common Shares repurchased	—			—			(287		)	—			(287		)
Net proceeds from issuance of long-term debt	—			947			—			—			947
Proceeds from share-based compensation plans, including windfall tax benefits	14			—			121			—			135
Advances (to) from affiliates	(621		)	621			—			—			—
Dividends to parent company	—			—			(825		)	825			—
Capital contribution	—			—			1,230			(1,230		)	—
Net proceeds from (payments to) affiliated notional cash pooling programs(1)	185			(349		)	—			164			—
Other	—			—			113			—			113
Net cash flows (used for) from financing activities	(939		)	1,219			352			(241		)	391
Effect of foreign currency rate changes on cash and cash equivalents	—			—			(7		)	—			(7		)
Net (decrease) increase in cash	(103		)	14			(111		)	164			(36		)
Cash – beginning of year(1)	103			2			859			(349		)	615
Cash – end of year(1)	$	—		$	16		$	748		$	(185	)	$	579

⁽¹⁾  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, 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 Year Ended December 31, 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	$	573		$	296		$	3,876		$	(750	)	$	3,995
Cash flows from investing activities
Purchases of fixed maturities available for sale	—			—			(24,076		)	115			(23,961		)
Purchases of fixed maturities held to maturity	—			—			(388		)	—			(388		)
Purchases of equity securities	—			—			(135		)	—			(135		)
Sales of fixed maturities available for sale	—			—			14,884			(115		)	14,769
Sales of equity securities	—			—			119			—			119
Maturities and redemptions of fixed maturities available for sale	—			—			5,523			—			5,523
Maturities and redemptions of fixed maturities held to maturity	—			—			1,451			—			1,451
Net change in short-term investments	—			(4		)	121			—			117
Net derivative instruments settlements	(1		)	—			(280		)	—			(281		)
Capital contribution	—			(352		)	(90		)	442			—
Acquisition of subsidiaries (net of cash acquired of $8)	—			—			(98		)	—			(98		)
Other	—			(33		)	(522		)	—			(555		)
Net cash flows used for investing activities	(1		)	(389		)	(3,491		)	442			(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	—			—			150			—			150
Proceeds from share-based compensation plans, including windfall tax benefits	34			—			92			—			126
Advances from (to) affiliates	206			(201		)	(5		)	—			—
Dividends to parent company	—			—			(750		)	750			—
Capital contribution	—			90			352			(442		)	—
Net proceeds from affiliated notional cash pooling programs(1)	—			201			—			(201		)	—
Net cash flows (used for) from financing activities	(575		)	90			(172		)	107			(550		)
Effect of foreign currency rate changes on cash and cash equivalents	—			—			(5		)	—			(5		)
Net increase (decrease) in cash	(3		)	(3		)	208			(201		)	1
Cash – beginning of year(1)	106			5			651			(148		)	614
Cash – end of year(1)	$	103		$	2		$	859		$	(349	)	$	615

⁽¹⁾ 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 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 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 year	106			382			126			—			614
Cash – end of year(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 (Revised)

For the Year Ended December 31, 2011	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	$	831		$	1,221		$	3,455		$	(2,037	)	$	3,470
Cash flows from investing activities
Purchases of fixed maturities available for sale	—			—			(24,601		)	323			(24,278		)
Purchases of fixed maturities held to maturity	—			—			(340		)	—			(340		)
Purchases of equity securities	—			—			(309		)	—			(309		)
Sales of fixed maturities available for sale	—			—			18,294			(323		)	17,971
Sales of equity securities	—			—			376			—			376
Maturities and redemptions of fixed maturities available for sale	—			—			3,720			—			3,720
Maturities and redemptions of fixed maturities held to maturity	—			—			1,279			—			1,279
Net change in short-term investments	9			—			(309		)	—			(300		)
Net derivative instruments settlements	(3		)	—			(64		)	—			(67		)
Capital contribution	(385		)	(581		)	—			966			—
Acquisition of subsidiaries (net of cash acquired of $91)	—			(76		)	(530		)	—			(606		)
Other	—			(19		)	(463		)	—			(482		)
Net cash flows used for investing activities	(379		)	(676		)	(2,947		)	966			(3,036		)
Cash flows from financing activities
Dividends paid on Common Shares	(459		)	—			—			—			(459		)
Common Shares repurchased	—			—			(195		)	—			(195		)
Net proceeds from issuance (repayments) of short-term debt	(300		)	—			250			—			(50		)
Proceeds from share-based compensation plans, including windfall tax benefits	133			—			6			—			139
Advances from (to) affiliates	(28		)	(721		)	749			—			—
Dividends to parent company	—			—			(2,037		)	2,037			—
Capital contribution	—			—			966			(966		)	—
Net proceeds from affiliated notional cash pooling programs(1)	—			148			—			(148		)	—
Net cash flows used for financing activities	(654		)	(573		)	(261		)	923			(565		)
Effect of foreign currency rate changes on cash and cash equivalents	—			—			(27		)	—			(27		)
Net increase (decrease) in cash	(202		)	(28		)	220			(148		)	(158		)
Cash – beginning of year(1)	308			33			431			—			772
Cash – end of year(1)	$	106		$	5		$	651		$	(148	)	$	614