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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income $ 2,834 $ 2,853 $ 3,758
Adjustments to reconcile net income to net cash flows from operating activities      
Net realized (gains) losses 420 507 (504)
Amortization of premiums/discounts on fixed maturities 158 188 268
Deferred income taxes 113 145 240
Unpaid losses and loss expenses (375) 317 (365)
Unearned premiums 335 441 402
Future policy benefits 216 236 191
Insurance and reinsurance balances payable 268 376 176
Accounts payable, accrued expenses, and other liabilities 179 13 37
Income taxes payable (148) 103 (45)
Insurance and reinsurance balances receivable (53) (469) (624)
Reinsurance recoverable on losses and loss expenses 218 119 787
Reinsurance recoverable on policy benefits 33 4 23
Deferred policy acquisition costs (435) (397) (503)
Prepaid reinsurance premiums (212) (89) (31)
Other 313 149 212
Net cash flows from operating activities 3,864 4,496 4,022
Cash flows from investing activities      
Purchases of fixed maturities available for sale (16,040) (15,553) (21,340)
Purchases of to be announced mortgage-backed securities (31)   (58)
Purchases of fixed maturities held to maturity (62) (267) (447)
Purchases of equity securities (158) (251) (264)
Sales of fixed maturities available for sale 10,783 7,482 10,355
Sales of to be announced mortgage-backed securities 31   58
Sales of equity securities 183 670 142
Maturities and redemptions of fixed maturities available for sale 6,567 6,413 6,941
Maturities and redemptions of fixed maturities held to maturity 669 875 1,488
Net change in short-term investments (8,216) (603) 524
Net derivative instruments settlements (21) (230) (471)
Acquisition of subsidiaries (net of cash acquired of $20, $38, and $8) 264 (766) (977)
Other (263) (274) (393)
Net cash flows used for investing activities (6,294) (2,504) (4,442)
Cash flows from financing activities      
Dividends paid on Common Shares (862) (862) (517)
Common Shares repurchased (758) (1,429) (287)
Proceeds from issuance of long-term debt 6,090 699 947
Proceeds from issuance of repurchase agreements 2,029 1,978 2,572
Repayment of repurchase agreements (2,027) (1,977) (2,572)
Repayments of Long-term Debt (1,150) (501)  
Proceeds from share-based compensation plans, including windfall tax benefits 131 127 135
Additions to Contract Holders Funds 503 366 233
Withdrawal from Contract Holders Funds (221) (172) (120)
Other (40) (6) 0
Net cash flows (used for) from financing activities 3,695 (1,777) 391
Effect of foreign currency rate changes on cash and cash equivalents (145) (139) (7)
Net increase (decrease) in cash 1,120 76 (36)
Cash – beginning of year 655 [1],[2],[3] 579 [1],[4] 615 [4]
Cash – end of year 1,775 [2],[5] 655 [1],[2],[3] 579 [1],[4]
Supplemental cash flow information      
Taxes paid 469 349 218
Interest paid $ 259 $ 264 $ 253
[1] Chubb 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.
[2] Chubb maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2015 and 2014, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[3] Chubb 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.
[4] Chubb 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.
[5] Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2015, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.