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Information provided in connection with outstanding debt of subsidiaries (Tables)
 12 Months Ended
Dec. 31, 2014
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Balance Sheet
ondensed Consolidating Balance Sheet at December 31, 2014
(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
$
30

 
$
225

 
$
62,649

 
$
—

 
$
62,904

Cash(1)
—

 
1

 
1,209

 
(555
)
 
655

Insurance and reinsurance balances receivable
—

 
—

 
6,178

 
(752
)
 
5,426

Reinsurance recoverable on losses and loss expenses
—

 
—

 
20,992

 
(9,000
)
 
11,992

Reinsurance recoverable on policy benefits
—

 
—

 
1,194

 
(977
)
 
217

Value of business acquired
—

 
—

 
466

 
—

 
466

Goodwill and other intangible assets
—

 
—

 
5,724

 
—

 
5,724

Investments in subsidiaries
29,497

 
18,762

 
—

 
(48,259
)
 
—

Due from subsidiaries and affiliates, net
583

 
—

 
—

 
(583
)
 
—

Other assets
4

 
295

 
14,196

 
(3,631
)
 
10,864

Total assets
$
30,114

 
$
19,283

 
$
112,608

 
$
(63,757
)
 
$
98,248

Liabilities
 
 
 
 
 
 
 
 
 
Unpaid losses and loss expenses
$
—

 
$
—

 
$
46,770

 
$
(8,455
)
 
$
38,315

Unearned premiums
—

 
—

 
9,958

 
(1,736
)
 
8,222

Future policy benefits
—

 
—

 
5,731

 
(977
)
 
4,754

Due to subsidiaries and affiliates, net
—

 
422

 
161

 
(583
)
 
—

Affiliated notional cash pooling programs(1)
246

 
309

 
—

 
(555
)
 
—

Short-term debt
—

 
1,150

 
1,402

 
—

 
2,552

Long-term debt
—

 
3,345

 
12

 
—

 
3,357

Trust preferred securities
—

 
309

 
—

 
—

 
309

Other liabilities
281

 
1,404

 
12,659

 
(3,192
)
 
11,152

Total liabilities
527

 
6,939

 
76,693

 
(15,498
)
 
68,661

Total shareholders’ equity
29,587

 
12,344

 
35,915

 
(48,259
)
 
29,587

Total liabilities and shareholders’ equity
$
30,114

 
$
19,283

 
$
112,608

 
$
(63,757
)
 
$
98,248

(1) 
ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2014, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.

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 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 1 f) 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 Statement Of Operations and Comprehensive Income
Condensed Consolidating Statements of Operations and Comprehensive Income
For the Year Ended December 31, 2014
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
$
—

 
$
—

 
$
17,799

 
$
—

 
$
17,799

Net premiums earned
—

 
—

 
17,426

 
—

 
17,426

Net investment income
2

 
2

 
2,248

 
—

 
2,252

Equity in earnings of subsidiaries
2,707

 
791

 
—

 
(3,498
)
 
—

Net realized gains (losses) including OTTI
—

 
53

 
(560
)
 
—

 
(507
)
Losses and loss expenses
—

 
—

 
9,649

 
—

 
9,649

Policy benefits
—

 
—

 
517

 
—

 
517

Policy acquisition costs and administrative expenses
78

 
26

 
5,216

 
—

 
5,320

Interest (income) expense
(35
)
 
277

 
38

 
—

 
280

Other (income) expense
(201
)
 
27

 
92

 
—

 
(82
)
Income tax expense (benefit)
14

 
(94
)
 
714

 
—

 
634

Net income
$
2,853

 
$
610

 
$
2,888

 
$
(3,498
)
 
$
2,853

Comprehensive income
$
2,892

 
$
583

 
$
2,926

 
$
(3,509
)
 
$
2,892


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 (loss)
$
2,023

 
$
(230
)
 
$
2,051

 
$
(1,821
)
 
$
2,023






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

 
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 Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows 
For the Year Ended December 31, 2014
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
$
541

 
$
210

 
$
4,419

 
$
(674
)
 
$
4,496

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

 
—

 
(15,816
)
 
263

 
(15,553
)
Purchases of fixed maturities held to maturity
—

 
—

 
(267
)
 
—

 
(267
)
Purchases of equity securities
—

 
—

 
(251
)
 
—

 
(251
)
Sales of fixed maturities available for sale
—

 
—

 
7,750

 
(268
)
 
7,482

Sales of equity securities
—

 
—

 
670

 
—

 
670

Maturities and redemptions of fixed maturities available for sale
—

 
—

 
6,413

 
—

 
6,413

Maturities and redemptions of fixed maturities held to maturity
—

 
—

 
875

 
—

 
875

Net change in short-term investments
—

 
(216
)
 
(392
)
 
5

 
(603
)
Net derivative instruments settlements
—

 
53

 
(283
)
 
—

 
(230
)
Acquisition of subsidiaries (net of cash acquired of $20)
—

 
—

 
(766
)
 
—

 
(766
)
Capital contribution
—

 
(258
)
 
—

 
258

 
—

Other
—

 
(8
)
 
(266
)
 
—

 
(274
)
Net cash flows used for investing activities
—

 
(429
)
 
(2,333
)
 
258

 
(2,504
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(862
)
 
—

 
—

 
—

 
(862
)
Common Shares repurchased
—

 
—

 
(1,429
)
 
—

 
(1,429
)
Proceeds from issuance of long-term debt
—

 
699

 
—

 
—

 
699

Proceeds from issuance of short-term debt
—

 
—

 
1,978

 
—

 
1,978

Repayment of long-term debt
—

 
(500
)
 
(1
)
 
—

 
(501
)
Repayment of short-term debt
—

 
—

 
(1,977
)
 
—

 
(1,977
)
Proceeds from share-based compensation plans, including windfall tax benefits
—

 
—

 
127

 
—

 
127

Advances (to) from affiliates
260

 
(298
)
 
38

 
—

 
—

Dividends to parent company
—

 
—

 
(674
)
 
674

 
—

Capital contribution
—

 
—

 
258

 
(258
)
 
—

Net proceeds from affiliated notional cash pooling programs(1)
61

 
309

 
—

 
(370
)
 
—

Other
—

 
(6
)
 
194

 
—

 
188

Net cash flows (used for) from financing activities
(541
)
 
204

 
(1,486
)
 
46

 
(1,777
)
Effect of foreign currency rate changes on cash and cash equivalents
—

 
—

 
(139
)
 
—

 
(139
)
Net (decrease) increase in cash
—

 
(15
)
 
461

 
(370
)
 
76

Cash – beginning of year(1)
—

 
16

 
748

 
(185
)
 
579

Cash – end of year(1)
$
—

 
$
1

 
$
1,209

 
$
(555
)
 
$
655

(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, 2014 and 2013, 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, 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
)
Proceeds from issuance of long-term debt
—

 
947

 
—

 
—

 
947

Proceeds from the issuance of short-term debt
—

 
—

 
2,572

 
—

 
2,572

Repayment of short-term debt
—

 
—

 
(2,572
)
 
—

 
(2,572
)
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 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, 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
)
Proceeds from issuance of short-term debt
130

 
—

 
2,803

 
—

 
2,933

Repayment of short-term debt
(130
)
 
—

 
(2,653
)
 
—

 
(2,783
)
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 2011, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.