Segment information (Tables)

12 Months Ended

Dec. 31, 2015



For the Year Ended December 31, 2015 (in millions of U.S. dollars)	Insurance – North American P&C			Insurance – North American Agriculture			Insurance – Overseas General			Global Reinsurance			Life			Corporate			Chubb Consolidated
Net premiums written	$	6,907		$	1,346		$	6,634		$	828		$	1,998		$	—		$	17,713
Net premiums earned	6,582			1,364			6,471			849			1,947			—			17,213
Losses and loss expenses	4,450			1,088			3,052			290			601			3			9,484
Policy benefits	—			—			—			—			543			—			543
Policy acquisition costs	600			69			1,581			214			476			1			2,941
Administrative expenses	748			1			997			49			291			184			2,270
Underwriting income (loss)	784			206			841			296			36			(188		)	1,975
Net investment income	1,056			23			534			300			265			16			2,194
Net realized gains (losses) including OTTI	(108		)	(8		)	(38		)	(32		)	(229		)	(5		)	(420		)
Interest expense	2			—			8			5			5			280			300
Other (income) expense:
(Gains) losses from fair value changes in separate account assets	—			—			—			—			19			—			19
Other	(29		)	1			(16		)	(6		)	(39		)	19			(70		)
Amortization of intangible assets	78			30			61			—			2			—			171
Chubb integration expenses	—			—			—			—			—			33			33
Income tax expense (benefit)	316			40			232			26			30			(182		)	462
Net income (loss)	$	1,365		$	150		$	1,052		$	539		$	55		$	(327	)	$	2,834



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			Chubb 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		)	2		(63		)	(54		)	(1		)	29			(188		)
Amortization of intangible assets	—			31		74			—			3			—			108
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			Chubb 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		)	—		(21		)	(19		)	10			24			(64		)
Amortization of intangible assets	—			32		60			—			3			—			95
Income tax expense (benefit)	347			20		222			36			34			(179)			480
Net income (loss)	$	1,546		$	64	$	1,101		$	644		$	672		$	(269	)	$	3,758



(in millions of U.S. dollars)	Property & All Other		Casualty		Life, Accident & Health		Chubb Consolidated
For the Year Ended December 31, 2015	Property & All Other		Casualty		Life, Accident & Health		Chubb Consolidated
Insurance – North American P&C	$	1,931	$	4,232	$	419	$	6,582
Insurance – North American Agriculture	1,364		—		—		1,364
Insurance – Overseas General	2,868		1,537		2,066		6,471
Global Reinsurance	423		426		—		849
Life	—		—		1,947		1,947
	$	6,586	$	6,195	$	4,432	$	17,213
For the Year Ended December 31, 2014
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