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Information provided in connection with outstanding debt of subsidiaries (Tables)
 12 Months Ended
Dec. 31, 2017
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Balance Sheet
ondensed Consolidating Balance Sheet at December 31, 2017
(in millions of U.S. dollars)
Chubb Limited
(Parent
Guarantor)

 
Chubb INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other Chubb
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
Chubb Limited
Consolidated

Assets
 
 
 
 
 
 
 
 
 
Investments
$
—

 
$
168

 
$
102,276

 
$
—

 
$
102,444

Cash(1)
3

 
1

 
839

 
(115
)
 
728

Insurance and reinsurance balances receivable
—

 
—

 
10,820

 
(1,486
)
 
9,334

Reinsurance recoverable on losses and loss expenses
—

 
—

 
27,514

 
(12,480
)
 
15,034

Reinsurance recoverable on policy benefits
—

 
—

 
1,194

 
(1,010
)
 
184

Value of business acquired
—

 
—

 
326

 
—

 
326

Goodwill and other intangible assets
—

 
—

 
22,054

 
—

 
22,054

Investments in subsidiaries
41,909

 
51,165

 
—

 
(93,074
)
 
—

Due from subsidiaries and affiliates, net
9,639

 
—

 
—

 
(9,639
)
 
—

Other assets
3

 
287

 
20,701

 
(4,073
)
 
16,918

Total assets
$
51,554

 
$
51,621

 
$
185,724

 
$
(121,877
)
 
$
167,022

Liabilities
 
 
 
 
 
 
 
 
 
Unpaid losses and loss expenses
$
—

 
$
—

 
$
74,767

 
$
(11,588
)
 
$
63,179

Unearned premiums
—

 
—

 
18,875

 
(3,659
)
 
15,216

Future policy benefits
—

 
—

 
6,331

 
(1,010
)
 
5,321

Due to subsidiaries and affiliates, net
—

 
9,432

 
207

 
(9,639
)
 
—

Affiliated notional cash pooling programs(1)
—

 
115

 
—

 
(115
)
 
—

Repurchase agreements
—

 
—

 
1,408

 
—

 
1,408

Short-term debt
—

 
1,013

 
—

 
—

 
1,013

Long-term debt
—

 
11,546

 
10

 
—

 
11,556

Trust preferred securities
—

 
308

 
—

 
—

 
308

Other liabilities
382

 
1,411

 
18,848

 
(2,792
)
 
17,849

Total liabilities
382

 
23,825

 
120,446

 
(28,803
)
 
115,850

Total shareholders’ equity
51,172

 
27,796

 
65,278

 
(93,074
)
 
51,172

Total liabilities and shareholders’ equity
$
51,554

 
$
51,621

 
$
185,724

 
$
(121,877
)
 
$
167,022


(1) Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2017, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.







Condensed Consolidating Balance Sheet at December 31, 2016
(in millions of U.S. dollars)
Chubb Limited
(Parent
Guarantor)

 
Chubb INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other Chubb
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
Chubb Limited
Consolidated

Assets
 
 
 
 
 
 
 
 
 
Investments
$
27

 
$
485

 
$
98,582

 
$
—

 
$
99,094

Cash(1)
1

 
1

 
1,965

 
(982
)
 
985

Insurance and reinsurance balances receivable
—

 
—

 
10,498

 
(1,528
)
 
8,970

Reinsurance recoverable on losses and loss expenses
—

 
—

 
24,496

 
(10,919
)
 
13,577

Reinsurance recoverable on policy benefits
—

 
—

 
1,153

 
(971
)
 
182

Value of business acquired
—

 
—

 
355

 
—

 
355

Goodwill and other intangible assets
—

 
—

 
22,095

 
—

 
22,095

Investments in subsidiaries
38,408

 
49,509

 
—

 
(87,917
)
 
—

Due from subsidiaries and affiliates, net
10,482

 
—

 
—

 
(10,482
)
 
—

Other assets
3

 
436

 
18,442

 
(4,353
)
 
14,528

Total assets
$
48,921

 
$
50,431

 
$
177,586

 
$
(117,152
)
 
$
159,786

Liabilities
 
 
 
 
 
 
 
 
 
Unpaid losses and loss expenses
$
—

 
$
—

 
$
70,683

 
$
(10,143
)
 
$
60,540

Unearned premiums
—

 
—

 
18,538

 
(3,759
)
 
14,779

Future policy benefits
—

 
—

 
6,007

 
(971
)
 
5,036

Due to subsidiaries and affiliates, net
—

 
10,209

 
273

 
(10,482
)
 
—

Affiliated notional cash pooling programs(1)
363

 
619

 
—

 
(982
)
 
—

Repurchase agreements
—

 
—

 
1,403

 
—

 
1,403

Short-term debt
—

 
500

 
—

 
—

 
500

Long-term debt
—

 
12,599

 
11

 
—

 
12,610

Trust preferred securities
—

 
308

 
—

 
—

 
308

Other liabilities
283

 
1,582

 
17,368

 
(2,898
)
 
16,335

Total liabilities
646

 
25,817

 
114,283

 
(29,235
)
 
111,511

Total shareholders’ equity
48,275

 
24,614

 
63,303

 
(87,917
)
 
48,275

Total liabilities and shareholders’ equity
$
48,921

 
$
50,431

 
$
177,586

 
$
(117,152
)
 
$
159,786

(1) 
Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2016, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
Condensed Consolidating Statement Of Operations and Comprehensive Income
Condensed Consolidating Statements of Operations and Comprehensive Income
For the Year Ended December 31, 2017
Chubb Limited
(Parent
Guarantor)

 
Chubb INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other Chubb
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
Chubb Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net premiums written
$
—

 
$
—

 
$
29,244

 
$
—

 
$
29,244

Net premiums earned
—

 
—

 
29,034

 
—

 
29,034

Net investment income
4

 
14

 
3,107

 
—

 
3,125

Equity in earnings of subsidiaries
3,640

 
2,424

 
—

 
(6,064
)
 
—

Net realized gains (losses) including OTTI
—

 
(25
)
 
109

 
—

 
84

Losses and loss expenses
—

 
—

 
18,454

 
—

 
18,454

Policy benefits
—

 
—

 
676

 
—

 
676

Policy acquisition costs and administrative expenses
75

 
40

 
8,499

 
—

 
8,614

Interest (income) expense
(332
)
 
847

 
92

 
—

 
607

Other (income) expense
(12
)
 
93

 
(481
)
 
—

 
(400
)
Amortization of purchased intangibles
—

 
—

 
260

 
—

 
260

Chubb integration expenses
32

 
69

 
209

 
—

 
310

Income tax expense (benefit)
20

 
(742
)
 
583

 
—

 
(139
)
Net income
$
3,861

 
$
2,106

 
$
3,958

 
$
(6,064
)
 
$
3,861

Comprehensive income
$
4,718

 
$
3,075

 
$
4,430

 
$
(7,505
)
 
$
4,718


Condensed Consolidating Statements of Operations and Comprehensive Income
For the Year Ended December 31, 2016
Chubb Limited
(Parent
Guarantor)

 
Chubb INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other Chubb
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
Chubb Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net premiums written
$
—

 
$
—

 
$
28,145

 
$
—

 
$
28,145

Net premiums earned
—

 
—

 
28,749

 
—

 
28,749

Net investment income
3

 
11

 
2,851

 
—

 
2,865

Equity in earnings of subsidiaries
3,901

 
2,555

 
—

 
(6,456
)
 
—

Net realized gains (losses) including OTTI
—

 
3

 
(148
)
 
—

 
(145
)
Losses and loss expenses
—

 
—

 
16,052

 
—

 
16,052

Policy benefits
—

 
—

 
588

 
—

 
588

Policy acquisition costs and administrative expenses
64

 
82

 
8,839

 
—

 
8,985

Interest (income) expense
(353
)
 
908

 
50

 
—

 
605

Other (income) expense
(25
)
 
35

 
(232
)
 
—

 
(222
)
Amortization of purchased intangibles
—

 
—

 
19

 
—

 
19

Chubb integration expenses
62

 
126

 
304

 
—

 
492

Income tax expense (benefit)
21

 
(416
)
 
1,210

 
—

 
815

Net income
$
4,135

 
$
1,834

 
$
4,622

 
$
(6,456
)
 
$
4,135

Comprehensive income
$
4,556

 
$
2,001

 
$
5,045

 
$
(7,046
)
 
$
4,556






Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
For the Year Ended December 31, 2015
Chubb Limited
(Parent
Guarantor)

 
Chubb INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other Chubb
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
Chubb Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net premiums written
$
—

 
$
—

 
$
17,713

 
$
—

 
$
17,713

Net premiums earned
—

 
—

 
17,213

 
—

 
17,213

Net investment income
3

 
4

 
2,187

 
—

 
2,194

Equity in earnings of subsidiaries
2,673

 
1,038

 
—

 
(3,711
)
 
—

Net realized gains (losses) including OTTI
—

 
(9
)
 
(411
)
 
—

 
(420
)
Losses and loss expenses
—

 
—

 
9,484

 
—

 
9,484

Policy benefits
—

 
—

 
543

 
—

 
543

Policy acquisition costs and administrative expenses
63

 
28

 
5,120

 
—

 
5,211

Interest (income) expense
(32
)
 
302

 
30

 
—

 
300

Other (income) expense
(208
)
 
(4
)
 
161

 
—

 
(51
)
Amortization of purchased intangibles
—

 
—

 
171

 
—

 
171

Chubb Integration Expense
3

 
29

 
1

 
—

 
33

Income tax expense (benefit)
16

 
(349
)
 
795

 
—

 
462

Net income
$
2,834

 
$
1,027

 
$
2,684

 
$
(3,711
)
 
$
2,834

Comprehensive income (loss)
$
908

 
$
(192
)
 
$
757

 
$
(565
)
 
$
908
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows 
For the Year Ended December 31, 2017
Chubb Limited
(Parent
Guarantor)

 
Chubb INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other Chubb
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
Chubb Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net cash flows from operating activities
$
781

 
$
1,648

 
$
4,598

 
$
(2,524
)
 
$
4,503

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Purchases of fixed maturities available for sale
—

 
(9
)
 
(25,738
)
 
—

 
(25,747
)
Purchases of fixed maturities held to maturity
—

 
—

 
(352
)
 
—

 
(352
)
Purchases of equity securities
—

 
—

 
(173
)
 
—

 
(173
)
Sales of fixed maturities available for sale
—

 
99

 
13,156

 
—

 
13,255

Sales of equity securities
—

 
—

 
187

 
—

 
187

Maturities and redemptions of fixed maturities available for sale
—

 
29

 
10,396

 
—

 
10,425

Maturities and redemptions of fixed maturities held to maturity
—

 
—

 
879

 
—

 
879

Net change in short-term investments
—

 
189

 
(726
)
 
—

 
(537
)
Net derivative instruments settlements
—

 
(15
)
 
(250
)
 
—

 
(265
)
Other
—

 
(10
)
 
(104
)
 
—

 
(114
)
Net cash flows (used for) from investing activities
—

 
283

 
(2,725
)
 
—

 
(2,442
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(1,308
)
 
—

 
—

 
—

 
(1,308
)
Common Shares repurchased
—

 
—

 
(801
)
 
—

 
(801
)
Proceeds from issuance of repurchase agreements
—

 
—

 
2,353

 
—

 
2,353

Repayment of long-term debt
—

 
(500
)
 
(1
)
 
—

 
(501
)
Repayment of repurchase agreements
—

 
—

 
(2,348
)
 
—

 
(2,348
)
Proceeds from share-based compensation plans
—

 
—

 
151

 
—

 
151

Advances (to) from affiliates
892

 
(927
)
 
35

 
—

 
—

Dividends to parent company
—

 
—

 
(2,524
)
 
2,524

 
—

Net payments to affiliated notional cash pooling programs(1)
(363
)
 
(504
)
 
—

 
867

 
—

Policyholder contract deposits
—

 
—

 
442

 
—

 
442

Policyholder contract withdrawals
—

 
—

 
(307
)
 
—

 
(307
)
Net cash flows used for financing activities
(779
)
 
(1,931
)
 
(3,000
)
 
3,391

 
(2,319
)
Effect of foreign currency rate changes on cash and cash equivalents
—

 
—

 
1

 
—

 
1

Net increase (decrease) in cash
2

 
—

 
(1,126
)
 
867

 
(257
)
Cash – beginning of year(1)
1

 
1

 
1,965

 
(982
)
 
985

Cash – end of year(1)
$
3

 
$
1

 
$
839

 
$
(115
)
 
$
728

(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, 2017 and 2016, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2016
Chubb Limited
(Parent
Guarantor)

 
Chubb INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other Chubb
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
Chubb Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net cash flows from operating activities
$
3,618

 
$
4,305

 
$
5,536

 
$
(8,167
)
 
$
5,292

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Purchases of fixed maturities available for sale
—

 
(156
)
 
(30,659
)
 
—

 
(30,815
)
Purchases of fixed maturities held to maturity
—

 
—

 
(282
)
 
—

 
(282
)
Purchases of equity securities
—

 
—

 
(146
)
 
—

 
(146
)
Sales of fixed maturities available for sale
—

 
66

 
16,611

 
—

 
16,677

Sales of equity securities
—

 
—

 
1,000

 
—

 
1,000

Maturities and redemptions of fixed maturities available for sale
—

 
66

 
9,283

 
—

 
9,349

Maturities and redemptions of fixed maturities held to maturity
—

 
—

 
958

 
—

 
958

Net change in short-term investments
—

 
7,943

 
4,407

 
—

 
12,350

Net derivative instruments settlements
—

 
(9
)
 
(159
)
 
—

 
(168
)
Acquisition of subsidiaries (net of cash acquired of $71)
—

 
(14,282
)
 
34

 
—

 
(14,248
)
Capital contribution
(2,330
)
 
(215
)
 
(2,330
)
 
4,875

 
—

Other
—

 
(3
)
 
13

 
—

 
10

Net cash flows used for investing activities
(2,330
)
 
(6,590
)
 
(1,270
)
 
4,875

 
(5,315
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(1,173
)
 
—

 
—

 
—

 
(1,173
)
Proceeds from issuance of repurchase agreements
—

 
—

 
2,310

 
—

 
2,310

Repayment of repurchase agreements
—

 
—

 
(2,311
)
 
—

 
(2,311
)
Proceeds from share-based compensation plans
—

 
—

 
167

 
—

 
167

Advances (to) from affiliates
404

 
(572
)
 
168

 
—

 
—

Dividends to parent company
—

 
—

 
(8,167
)
 
8,167

 
—

Capital contribution
—

 
2,330

 
2,545

 
(4,875
)
 
—

Net proceeds from (payments to) affiliated notional cash pooling programs(1)
(519
)
 
530

 
—

 
(11
)
 
—

Policyholder contract deposits
—

 
—

 
522

 
—

 
522

Policyholder contract withdrawals
—

 
—

 
(253
)
 
—

 
(253
)
Other
—

 
(4
)
 
—

 
—

 
(4
)
Net cash flows (used for) from financing activities
(1,288
)
 
2,284

 
(5,019
)
 
3,281

 
(742
)
Effect of foreign currency rate changes on cash and cash equivalents
—

 
—

 
(25
)
 
—

 
(25
)
Net decrease in cash
—

 
(1
)
 
(778
)
 
(11
)
 
(790
)
Cash – beginning of year(1)
1

 
2

 
2,743

 
(971
)
 
1,775

Cash – end of year(1)
$
1

 
$
1

 
$
1,965

 
$
(982
)
 
$
985

(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, 2016 and 2015, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2015
Chubb Limited
(Parent
Guarantor)

 
Chubb INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other Chubb
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
Chubb Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net cash flows from operating activities
$
3,125

 
$
682

 
$
3,836

 
$
(3,779
)
 
$
3,864

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Purchases of fixed maturities available for sale
—

 
—

 
(16,053
)
 
(18
)
 
(16,071
)
Purchases of fixed maturities held to maturity
—

 
—

 
(62
)
 
—

 
(62
)
Purchases of equity securities
—

 
—

 
(158
)
 
—

 
(158
)
Sales of fixed maturities available for sale
—

 
—

 
10,814

 
—

 
10,814

Sales of equity securities
—

 
—

 
183

 
—

 
183

Maturities and redemptions of fixed maturities available for sale
—

 
—

 
6,567

 
—

 
6,567

Maturities and redemptions of fixed maturities held to maturity
—

 
—

 
669

 
—

 
669

Net change in short-term investments
—

 
(7,588
)
 
(628
)
 
—

 
(8,216
)
Net derivative instruments settlements
—

 
(9
)
 
(12
)
 
—

 
(21
)
Acquisition of subsidiaries (net of cash acquired of $629)
—

 
—

 
264

 
—

 
264

Capital contribution
(2,670
)
 
(625
)
 
(2,791
)
 
6,086

 
—

Other
—

 
(25
)
 
(256
)
 
18

 
(263
)
Net cash flows used for investing activities
(2,670
)
 
(8,247
)
 
(1,463
)
 
6,086

 
(6,294
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(862
)
 
—

 
—

 
—

 
(862
)
Common Shares repurchased
—

 
—

 
(758
)
 
—

 
(758
)
Proceeds from issuance of long-term debt
—

 
6,090

 
—

 
—

 
6,090

Proceeds from issuance of repurchase agreements
—

 
—

 
2,029

 
—

 
2,029

Repayment of long-term debt
—

 
(1,150
)
 
—

 
—

 
(1,150
)
Repayment of repurchase agreements
—

 
—

 
(2,027
)
 
—

 
(2,027
)
Proceeds from share-based compensation plans
—

 
—

 
131

 
—

 
131

Advances (to) from affiliates
(228
)
 
95

 
133

 
—

 
—

Dividends to parent company
—

 
—

 
(3,779
)
 
3,779

 
—

Capital contribution
—

 
2,791

 
3,295

 
(6,086
)
 
—

Net proceeds from (payments to) affiliated notional cash pooling programs(1)
636

 
(220
)
 
—

 
(416
)
 
—

Policyholder contract deposits
—

 
—

 
503

 
—

 
503

Policyholder contract withdrawals
—

 
—

 
(221
)
 
—

 
(221
)
Other
—

 
(40
)
 
—

 
—

 
(40
)
Net cash flows (used for) from financing activities
(454
)
 
7,566

 
(694
)
 
(2,723
)
 
3,695

Effect of foreign currency rate changes on cash and cash equivalents
—

 
—

 
(145
)
 
—

 
(145
)
Net increase in cash
1

 
1

 
1,534

 
(416
)
 
1,120

Cash – beginning of year(1)
—

 
1

 
1,209

 
(555
)
 
655

Cash – end of year(1)
$
1

 
$
2

 
$
2,743

 
$
(971
)
 
$
1,775


(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, 2015 and 2014, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.