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Segment information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Operations By Segment
For the Year Ended December 31, 2016 (in millions of U.S. dollars)
North America Commercial P&C Insurance

 
North America Personal P&C Insurance

 
North America Agricultural Insurance

 
Overseas General Insurance

 
Global
Reinsurance

 
Life Insurance

 
Corporate

 
Chubb
Consolidated

Net premiums written
$
11,740

 
$
4,153

 
$
1,328

 
$
8,124

 
$
676

 
$
2,124

 
$
—

 
$
28,145

Net premiums earned
12,217

 
4,319

 
1,316

 
8,132

 
710

 
2,055

 
—

 
28,749

Losses and loss expenses
7,439

 
2,558

 
893

 
4,005

 
325

 
663

 
169

 
16,052

Policy benefits
—

 
—

 
—

 
—

 
—

 
588

 
—

 
588

Policy acquisition costs
2,023

 
966

 
83

 
2,136

 
187

 
509

 
—

 
5,904

Administrative expenses
1,125

 
363

 
(6
)
 
1,057

 
52

 
307

 
183

 
3,081

Underwriting income (loss)
1,630

 
432

 
346

 
934

 
146

 
(12
)
 
(352
)
 
3,124

Net investment income
1,860

 
207

 
20

 
600

 
263

 
283

 
(368
)
 
2,865

Other (income) expense
(2
)
 
6

 
1

 
(11
)
 
(4
)
 
5

 
(217
)
 
(222
)
Amortization expense (benefit) of purchased intangibles
—

 
19

 
29

 
48

 
—

 
3

 
(80
)
 
19

Segment income (loss)
3,492

 
614

 
336

 
1,497

 
413

 
263

 
(423
)
 
6,192

Net realized gains (losses) including OTTI
 
 
 
 
 
 
 
 
 
 
 
 
(145
)
 
(145
)
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
605

 
605

Chubb integration expenses
 
 
 
 
 
 
 
 
 
 
 
 
492

 
492

Income tax expense
 
 
 
 
 
 
 
 
 
 
 
 
815

 
815

Net income (loss)


 


 


 


 


 


 
$
(2,480
)
 
$
4,135

For the Year Ended December 31, 2015
(in millions of U.S. dollars)
North America Commercial P&C Insurance

 
North America Personal P&C Insurance

 
North America Agricultural Insurance

 
Overseas General Insurance

 
Global
Reinsurance

 
Life Insurance

 
Corporate

 
Chubb
Consolidated

Net premiums written
$
5,715

 
$
1,192

 
$
1,346

 
$
6,634

 
$
828

 
$
1,998

 
$
—

 
$
17,713

Net premiums earned
5,634

 
948

 
1,364

 
6,471

 
849

 
1,947

 
—

 
17,213

Losses and loss expenses
3,661

 
590

 
1,088

 
3,052

 
290

 
601

 
202

 
9,484

Policy benefits
—

 
—

 
—

 
—

 
—

 
543

 
—

 
543

Policy acquisition costs
531

 
69

 
69

 
1,581

 
214

 
476

 
1

 
2,941

Administrative expenses
621

 
123

 
1

 
997

 
49

 
291

 
188

 
2,270

Underwriting income (loss)
821

 
166

 
206

 
841

 
296

 
36

 
(391
)
 
1,975

Net investment income
1,032

 
25

 
23

 
534

 
300

 
265

 
15

 
2,194

Other (income) expense
(7
)
 
2

 
1

 
(17
)
 
(6
)
 
23

 
(47
)
 
(51
)
Amortization expense of purchased intangibles
—

 
78

 
30

 
61

 
—

 
2

 
—

 
171

Segment income (loss)
1,860

 
111

 
198

 
1,331

 
602

 
276

 
(329
)
 
4,049

Net realized gains (losses) including OTTI
 
 


 
 
 
 
 
 
 
 
 
(420
)
 
(420
)
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
300

 
300

Chubb integration expense
 
 
 
 
 
 
 
 
 
 
 
 
33

 
33

Income tax expense
 
 
 
 
 
 
 
 
 
 
 
 
462

 
462

Net income (loss)


 


 


 


 


 


 
$
(1,544
)
 
$
2,834


For the Year Ended December 31, 2014
(in millions of U.S. dollars)
North America Commercial P&C Insurance

 
North America Personal P&C Insurance

 
North America Agricultural Insurance

 
Overseas General Insurance

 
Global
Reinsurance

 
Life Insurance

 
Corporate

 
Chubb
Consolidated

Net premiums written
$
5,685

 
$
578

 
$
1,590

 
$
6,999

 
$
935

 
$
2,012

 
$
—

 
$
17,799

Net premiums earned
5,547

 
560

 
1,526

 
6,805

 
1,026

 
1,962

 
—

 
17,426

Losses and loss expenses
3,476

 
368

 
1,351

 
3,189

 
431

 
589

 
245

 
9,649

Policy benefits
—

 
—

 
—

 
—

 
—

 
517

 
—

 
517

Policy acquisition costs
518

 
116

 
81

 
1,625

 
257

 
478

 
—

 
3,075

Administrative expenses
599

 
74

 
9

 
1,026

 
54

 
285

 
198

 
2,245

Underwriting income (loss)
954

 
2

 
85

 
965

 
284

 
93

 
(443
)
 
1,940

Net investment income
1,060

 
22

 
26

 
545

 
316

 
268

 
15

 
2,252

Other (income) expense
(12
)
 
1

 
2

 
(18
)
 
(4
)
 
3

 
(162
)
 
(190
)
Amortization expense of purchased intangibles
—

 
—

 
31

 
74

 
—

 
3

 
—

 
108

Segment income (loss)
2,026

 
23

 
78

 
1,454

 
604

 
355

 
(266
)
 
4,274

Net realized gains (losses) including OTTI


 


 
 
 


 


 


 
(507
)
 
(507
)
Interest expense


 


 
 
 


 


 


 
280

 
280

Income tax expense
 
 
 
 
 
 
 
 
 
 
 
 
634

 
634

Net income (loss)

 

 

 

 

 

 
$
(1,687
)
 
$
2,853

Net Premiums Earned For Segment By Product
The following table presents net premiums earned for each segment by line of business:
 
 
 
 
 
 
 
For the Year Ended December 31
 
(in millions of U.S. dollars)
2016

 
2015

 
2014

North America Commercial P&C Insurance
 
 
 
 
 
Property & other short-tail lines
$
1,963

 
$
1,040

 
$
1,113

Casualty & all other
9,552

 
4,175

 
4,021

A&H
702

 
419

 
413

Total North America Commercial P&C Insurance
12,217

 
5,634

 
5,547

North America Personal P&C Insurance
 
 
 
 
 
Personal automobile
699

 
186

 
130

Personal homeowners
3,007

 
579

 
309

Personal other
613

 
183

 
121

Total North America Personal P&C Insurance
4,319

 
948

 
560

North America Agricultural Insurance
1,316

 
1,364

 
1,526

Overseas General Insurance
 
 
 
 
 
Property & other short-tail lines
2,133

 
1,833

 
1,892

Casualty & all other
2,177

 
1,361

 
1,425

Personal lines
1,626

 
1,211

 
1,204

A&H
2,196

 
2,066

 
2,284

Total Overseas General Insurance
8,132

 
6,471

 
6,805

Global Reinsurance
 
 
 
 
 
Property & other short-tail lines
118

 
155

 
246

Property catastrophe
185

 
219

 
253

Casualty & all other
407

 
475

 
527

Total Global Reinsurance
710

 
849

 
1,026

Life Insurance
 
 
 
 
 
Life
1,002

 
931

 
981

A&H
1,053

 
1,016

 
981

Total Life Insurance
2,055

 
1,947

 
1,962

Total net premiums earned
$
28,749

 
$
17,213

 
$
17,426

Net Premiums Earned by Geographic Region

North America

 
Europe(1)

 
Asia
 Pacific/Far East

 
Latin America

2016
70
%
 
12
%
 
11
%
 
7
%
2015
60
%
 
15
%
 
15
%
 
10
%
2014
58
%
 
16
%
 
16
%
 
10
%