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Segment information (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Operations By Segment
The following tables present the Statement of Operations by segment:
 
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

For the Three Months Ended
 
 
 
 
 
 
September 30, 2017
 
 
 
 
 
 
(in millions of U.S. dollars)
 
 
 
 
 
 
Net premiums written
$
3,089

 
$
1,194

 
$
926

 
$
1,963

 
$
191

 
$
539

 
$

 
$
7,902

Net premiums earned
3,016

 
1,117

 
898

 
2,064

 
185

 
527

 

 
7,807

Losses and loss expenses
2,580

 
1,062

 
759

 
1,281

 
295

 
181

 
89

 
6,247

Policy benefits

 

 

 

 

 
169

 

 
169

Policy acquisition costs
469

 
226

 
49

 
569

 
43

 
132

 

 
1,488

Administrative expenses
256

 
61

 
(1
)
 
246

 
11

 
77

 
64

 
714

Underwriting income (loss)
(289
)
 
(232
)
 
91

 
(32
)
 
(164
)
 
(32
)
 
(153
)
 
(811
)
Net investment income (loss)
497

 
57

 
6

 
164

 
80

 
78

 
(69
)
 
813

Other (income) expense
(4
)
 
1

 

 
(10
)
 
(3
)
 
(19
)
 
(83
)
 
(118
)
Amortization expense of purchased intangibles

 
4

 
8

 
11

 

 
1

 
41

 
65

Segment income (loss)
$
212


$
(180
)

$
89


$
131


$
(81
)

$
64


$
(180
)

$
55

Net realized gains (losses) including OTTI
 
 
 
 
 
 
 
 
 
 
 
 
(10
)
 
(10
)
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
150

 
150

Chubb integration expenses
 
 
 
 
 
 
 
 
 
 
 
 
50

 
50

Income tax benefit
 
 
 
 
 
 
 
 
 
 
 
 
(85
)
 
(85
)
Net loss
 
 
 
 
 
 
 
 
 
 
 
 
$
(305
)
 
$
(70
)
 
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

For the Three Months Ended
 
 
 
 
 
September 30, 2016
 
 
 
 
 
(in millions of U.S. dollars)
 
 
 
 
 
Net premiums written
$
3,110

 
$
1,011

 
$
849

 
$
1,940

 
$
131

 
$
532

 
$

 
$
7,573

Net premiums earned
3,086

 
1,081

 
819

 
2,034

 
156

 
512

 

 
7,688

Losses and loss expenses
1,863

 
594

 
683

 
843

 
49

 
174

 
63

 
4,269

Policy benefits

 

 

 

 

 
155

 

 
155

Policy acquisition costs
522

 
229

 
48

 
546

 
42

 
127

 

 
1,514

Administrative expenses
275

 
89

 
1

 
261

 
12

 
77

 
57

 
772

Underwriting income (loss)
426

 
169

 
87

 
384

 
53

 
(21
)
 
(120
)
 
978

Net investment income (loss)
477

 
53

 
5

 
152

 
67

 
71

 
(86
)
 
739

Other (income) expense
3

 
2

 

 
(6
)
 

 
(20
)
 
(70
)
 
(91
)
Amortization expense (benefit) of purchased intangibles

 
4

 
7

 
12

 

 
1

 
(20
)
 
4

Segment income (loss)
$
900

 
$
216

 
$
85

 
$
530

 
$
120

 
$
69

 
$
(116
)
 
$
1,804

Net realized gains (losses) including OTTI
 
 
 
 
 
 
 
 
 
 
 
 
100

 
100

Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
152

 
152

Chubb integration expenses
 
 
 
 
 
 
 
 
 
 
 
 
115

 
115

Income tax expense
 
 
 
 
 
 
 
 
 
 
 
 
277

 
277

Net income (loss)


 
 
 
 
 
 
 
 
 
 
 
$
(560
)
 
$
1,360



 
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

For the Nine Months Ended
 
 
 
 
 
September 30, 2017
 
 
 
 
 
(in millions of U.S. dollars)
 
 
 
 
 
Net premiums written
$
9,035

 
$
3,433

 
$
1,390

 
$
6,169

 
$
580

 
$
1,586

 
$

 
$
22,193

Net premiums earned
9,156

 
3,296

 
1,256

 
6,018

 
542

 
1,548

 

 
21,816

Losses and loss expenses
6,376

 
2,378

 
976

 
3,316

 
435

 
556

 
145

 
14,182

Policy benefits

 

 

 

 

 
500

 

 
500

Policy acquisition costs
1,420

 
673

 
75

 
1,653

 
137

 
376

 

 
4,334

Administrative expenses
728

 
192

 
(4
)
 
734

 
33

 
226

 
187

 
2,096

Underwriting income (loss)
632

 
53

 
209

 
315

 
(63
)
 
(110
)
 
(332
)
 
704

Net investment income (loss)
1,465

 
168

 
18

 
460

 
207

 
230

 
(220
)
 
2,328

Other (income) expense
(4
)
 
3

 
1

 
(14
)
 
(2
)
 
(60
)
 
(257
)
 
(333
)
Amortization expense of purchased intangibles

 
12

 
22

 
33

 

 
2

 
125

 
194

Segment income (loss)
$
2,101

 
$
206

 
$
204

 
$
756

 
$
146

 
$
178

 
$
(420
)
 
$
3,171

Net realized gains (losses) including OTTI
 
 
 
 
 
 
 
 
 
 
 
 
84

 
84

Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
451

 
451

Chubb integration expenses
 
 
 
 
 
 
 
 
 
 
 
 
233

 
233

Income tax expense
 
 
 
 
 
 
 
 
 
 
 
 
243

 
243

Net income (loss)
 
 
 
 
 
 
 
 
 
 
 
 
$
(1,263
)
 
$
2,328

 
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

For the Nine Months Ended
 
 
 
 
 
September 30, 2016
 
 
 
 
 
(in millions of U.S. dollars)
 
 
 
 
 
Net premiums written
$
8,657

 
$
3,113

 
$
1,288

 
$
6,012

 
$
562

 
$
1,575

 
$

 
$
21,207

Net premiums earned
9,130

 
3,245

 
1,169

 
6,082

 
543

 
1,521

 

 
21,690

Losses and loss expenses
5,581

 
1,916

 
937

 
2,953

 
225

 
498

 
87

 
12,197

Policy benefits

 

 

 

 

 
427

 

 
427

Policy acquisition costs
1,549

 
747

 
77

 
1,586

 
142

 
386

 

 
4,487

Administrative expenses
840

 
275

 
(1
)
 
801

 
40

 
226

 
192

 
2,373

Underwriting income (loss)
1,160

 
307

 
156

 
742

 
136

 
(16
)
 
(279
)
 
2,206

Net investment income (loss)
1,371

 
155

 
15

 
445

 
199

 
207

 
(271
)
 
2,121

Other (income) expense
(6
)
 
6

 

 
(16
)
 
(3
)
 
(14
)
 
(59
)
 
(92
)
Amortization expense (benefit) of purchased intangibles

 
16

 
22

 
36

 

 
2

 
(60
)
 
16

Segment income (loss)
$
2,537

 
$
440

 
$
149

 
$
1,167

 
$
338

 
$
203

 
$
(431
)
 
$
4,403

Net realized gains (losses) including OTTI
 
 
 
 
 
 
 
 
 
 
 
 
(510
)
 
(510
)
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
451

 
451

Chubb integration expenses
 
 
 
 
 
 
 
 
 
 
 
 
361

 
361

Income tax expense
 
 
 
 
 
 
 
 
 
 
 
 
556

 
556

Net income (loss)
 
 
 
 
 
 
 
 
 
 
 

$
(2,309
)
 
$
2,525