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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Assets      
Fixed maturities available for sale, at fair value (amortized cost – $XX,XXX and $77,835)(includes hybrid financial instruments of $X and $5) $ 79,111 $ 78,939  
Fixed maturities held to maturity, at amortized cost (fair value – $14,122 and $14,474) 14,253 14,335  
Equity securities, at fair value (cost – $948 and $737) 948 937  
Short-term investments, at fair value and amortized cost 2,874 3,561  
Other investments (cost – $4,919 and $4,417) 4,919 4,672  
Total investments 102,105 102,444  
Cash 1,988 [1] 728 [2]  
Restricted Cash [1] 125 123  
Securities lending collateral 2,039 1,737  
Accrued investment income 895 909  
Insurance and reinsurance balances receivable 9,570 9,334  
Reinsurance Recoverable Losses And Loss Expenses 14,982 15,034  
Reinsurance recoverable on policy benefits 181 184  
Deferred policy acquisition costs 4,843 4,723  
Value of business acquired 321 326  
Goodwill 15,686 15,541  
Other intangible assets 6,437 6,513  
Prepaid reinsurance premiums 2,600 2,529  
Investments in partially-owned insurance companies 664 662  
Other assets 6,345 6,235  
Total assets 168,781 167,022  
Liabilities      
Unpaid losses and loss expenses 63,139 63,179 $ 60,540
Unearned premiums 15,495 15,216  
Future policy benefits 5,412 5,321  
Insurance and reinsurance balances payable 6,148 5,868  
Securities lending payable 2,039 1,737  
Accounts payable, accrued expenses, and other liabilities 8,618 9,545  
Deferred tax liabilities 468 699  
Repurchase agreements 1,412 1,408  
Short-term debt 1,669 1,013  
Long-term debt 12,786 11,556  
Trust preferred securities 308 308  
Total liabilities 117,494 115,850  
Commitments and contingencies  
Shareholders’ equity      
Common Shares (CHF 24.15 par value; 479,783,864 shares issued; 465,831,486 and 463,833,179 shares outstanding) 11,121 11,121  
Common Shares in treasury (13,952,378 and 15,950,685 shares) (1,727) (1,944)  
Additional Paid in Capital, Common Stock 13,430 13,978  
Retained earnings 28,965 27,474  
Accumulated other comprehensive income (loss) (AOCI) (502) 543  
Total shareholders’ equity 51,287 51,172  
Total liabilities and shareholders’ equity $ 168,781 $ 167,022  
[1] Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various Chubb entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual Chubb accounts are translated daily into a single currency and pooled on a notional basis. Individual Chubb entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At March 31, 2018, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[2] Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various Chubb entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual Chubb accounts are translated daily into a single currency and pooled on a notional basis. Individual Chubb entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At December 31, 2017, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.