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Consolidated Statements Of Operations and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Net premiums written $ 7,573 $ 4,709 $ 21,207 $ 13,569
Decrease (increase) in unearned premiums 115 10 483 (563)
Net premiums earned 7,688 4,719 21,690 13,006
Net investment income 739 549 2,121 1,662
Net Realized Gains Losses [Abstract]        
Other-than-temporary impairment (OTTI) losses gross (12) (35) (99) (62)
Portion of OTTI losses recognized in other comprehensive income (OCI) 0 5 8 11
Net OTTI losses recognized in income (12) (30) (91) (51)
Net realized gains (losses) excluding OTTI losses 112 (367) (419) (309)
Total net realized gains (losses) (includes $33, $(49), $(117), and $(18) reclassified from AOCI) 100 (397) (510) (360)
Total revenues 8,527 4,871 23,301 14,308
Expenses        
Losses and loss expenses 4,269 2,643 12,197 7,182
Policy benefits 155 89 427 384
Policy acquisition costs 1,514 771 4,487 2,205
Administrative expenses 772 568 2,373 1,700
Interest expense 152 68 451 207
Other (income) expense (91) 12 (92) (61)
Amortization of purchased intangibles 4 51 16 136
Chubb integration expenses 115 9 361 9
Total expenses 6,890 4,211 20,220 11,762
Income before income tax 1,637 660 3,081 2,546
Income tax expense (includes $11, $(4), $16 and $10 on reclassified unrealized gains and losses) 277 132 556 395
Net income 1,360 528 2,525 2,151
Other comprehensive income (loss)        
Unrealized appreciation (depreciation) 247 (321) 2,099 (696)
Reclassification adjustment for net realized (gains) losses included in net income (33) 49 117 18
Unrealized appreciation (Depreciation) after reclassification adjustment 214 (272) 2,216 (678)
Change in:        
Cumulative translation adjustment (124) (575) 269 (860)
Pension liability 5 3 8 10
Other comprehensive income (loss), before income tax 95 (844) 2,493 (1,528)
Income tax (expense) benefit related to OCI items (79) 45 (561) 145
Other comprehensive income (loss) 16 (799) 1,932 (1,383)
Comprehensive income (loss) $ 1,376 $ (271) $ 4,457 $ 768
Earnings per share        
Basic earnings per share $ 2.90 $ 1.63 $ 5.48 $ 6.60
Diluted earnings per share $ 2.88 $ 1.62 $ 5.44 $ 6.53
The Chubb Corporation [Member]        
Expenses        
Chubb integration expenses   $ 9