Segment information (Tables)

12 Months Ended

Dec. 31, 2014



For the Year Ended December 31, 2014 (in millions of U.S. dollars)	Insurance – North American P&C			Insurance – North American Agriculture		Insurance – Overseas General			Global Reinsurance			Life			Corporate			ACE Consolidated
Net premiums written	$	6,263		$	1,590	$	6,999		$	935		$	2,012		$	—		$	17,799
Net premiums earned	6,107			1,526		6,805			1,026			1,962			—			17,426
Losses and loss expenses	4,086			1,351		3,189			431			589			3			9,649
Policy benefits	—			—		—			—			517			—			517
Policy acquisition costs	634			81		1,625			257			478			—			3,075
Administrative expenses	678			9		1,026			54			285			193			2,245
Underwriting income (loss)	709			85		965			284			93			(196		)	1,940
Net investment income	1,085			26		545			316			268			12			2,252
Net realized gains (losses) including OTTI	(67		)	54		(78		)	(29		)	(383		)	(4		)	(507		)
Interest expense	9			—		6			4			11			250			280
Other (income) expense:
(Gains) losses from fair value changes in separate account assets	—			—		—			—			(2		)	—			(2		)
Other	(101		)	33		11			(54		)	2			29			(80		)
Income tax expense (benefit)	306			33		378			38			46			(167		)	634
Net income (loss)	$	1,513		$	99	$	1,037		$	583		$	(79	)	$	(300	)	$	2,853



For the Year Ended December 31, 2013 (in millions of U.S. dollars)	Insurance – North American P&C			Insurance – North American Agriculture		Insurance – Overseas General		Global Reinsurance			Life			Corporate			ACE Consolidated
Net premiums written	$	5,915		$	1,627	$	6,520	$	991		$	1,972		$	—		$	17,025
Net premiums earned	5,721			1,678		6,333		976			1,905			—			16,613
Losses and loss expenses	3,776			1,524		3,062		396			582			8			9,348
Policy benefits	—			—		—		—			515			—			515
Policy acquisition costs	597			53		1,453		197			358			1			2,659
Administrative expenses	601			11		1,008		50			343			198			2,211
Underwriting income (loss)	747			90		810		333			107			(207		)	1,880
Net investment income	1,021			26		539		280			251			27			2,144
Net realized gains (losses) including OTTI	72			1		18		53			360			—			504
Interest expense	5			1		5		5			15			244			275
Other (income) expense:
(Gains) losses from fair value changes in separate account assets	—			—		—		—			(16		)	—			(16		)
Other	(58		)	32		39		(19		)	13			24			31
Income tax expense (benefit)	347			20		222		36			34			(179		)	480
Net income (loss)	$	1,546		$	64	$	1,101	$	644		$	672		$	(269	)	$	3,758



For the Year Ended December 31, 2012 (in millions of U.S. dollars)	Insurance – North American P&C			Insurance – North American Agriculture			Insurance – Overseas General		Global Reinsurance			Life			Corporate			ACE Consolidated
Net premiums written	$	5,349		$	1,859		$	5,863	$	1,025		$	1,979		$	—		$	16,075
Net premiums earned	5,147			1,872			5,740		1,002			1,916			—			15,677
Losses and loss expenses	3,715			1,911			2,862		553			611			1			9,653
Policy benefits	—			—			—		—			521			—			521
Policy acquisition costs	558			28			1,353		172			334			1			2,446
Administrative expenses	608			(7		)	935		51			328			181			2,096
Underwriting income (loss)	266			(60		)	590		226			122			(183		)	961
Net investment income	1,066			25			521		290			251			28			2,181
Net realized gains (losses) including OTTI	41			1			103		6			(72		)	(1		)	78
Interest expense	12			—			5		4			12			217			250
Other (income) expense:
(Gains) losses from fair value changes in separate account assets	—			—			—		—			(29		)	—			(29		)
Other	(41		)	32			3		(15		)	25			19			23
Income tax expense (benefit)	229			(29		)	133		15			58			(136)			270
Net income (loss)	$	1,173		$	(37	)	$	1,073	$	518		$	235		$	(256	)	$	2,706

Net Premiums Earned For Segment By Product



(in millions of U.S. dollars)	Property & All Other		Casualty		Life, Accident & Health		ACE Consolidated
For the Year Ended December 31, 2014	Property & All Other		Casualty		Life, Accident & Health		ACE Consolidated
Insurance – North American P&C	$	1,662	$	4,032	$	413	$	6,107
Insurance – North American Agriculture	1,526		—		—		1,526
Insurance – Overseas General	2,948		1,573		2,284		6,805
Global Reinsurance	551		475		—		1,026
Life	—		—		1,962		1,962
	$	6,687	$	6,080	$	4,659	$	17,426
For the Year Ended December 31, 2013
Insurance – North American P&C	$	1,489	$	3,847	$	385	$	5,721
Insurance – North American Agriculture	1,678		—		—		1,678
Insurance – Overseas General	2,672		1,479		2,182		6,333
Global Reinsurance	543		433		—		976
Life	—		—		1,905		1,905
	$	6,382	$	5,759	$	4,472	$	16,613
For the Year Ended December 31, 2012
Insurance – North American P&C	$	1,370	$	3,406	$	371	$	5,147
Insurance – North American Agriculture	1,872		—		—		1,872
Insurance – Overseas General	2,236		1,379		2,125		5,740
Global Reinsurance	495		507		—		1,002
Life	—		—		1,916		1,916
	$	5,973	$	5,292	$	4,412	$	15,677

Net Premiums Earned by Geographic Region



	North America				Asia Pacific/Far East		Latin America
Years Ended December 31	North America		Europe⁽¹⁾		Asia Pacific/Far East		Latin America
2014	58	%	16	%	16	%	10	%
2013	58	%	17	%	16	%	9	%
2012	60	%	17	%	16	%	7	%

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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