Segment information (Tables)

3 Months Ended

Mar. 31, 2018

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
March 31, 2018
(in millions of U.S. dollars)
Net premiums written	$	2,812		$	1,048		$	108		$	2,384	$	193		$	559		$	—		$	7,104
Net premiums earned	3,029			1,140			43			2,107		168			540			—			7,027
Losses and loss expenses	1,908			886			(53		)	1,078		67			205			11			4,102
Policy benefits	—			—			—			—		—			151			—			151
Policy acquisition costs	472			237			(1		)	588		40			128			—			1,464
Administrative expenses	231			65			(3		)	239		10			78			72			692
Underwriting income (loss)	418			(48		)	100			202		51			(22		)	(83		)	618
Net investment income (loss)	503			59			7			151		64			83			(61		)	806
Other (income) expense	(6		)	—			—			7		(7		)	(4		)	(37		)	(47		)
Amortization expense of purchased intangibles	—			3			7			10		—			1			64			85
Segment income (loss)	$	927		$	8		$	100		$	336	$	122		$	64		$	(171	)	$	1,386
Net realized gains (losses) including OTTI																		(2		)	(2		)
Interest expense																		157			157
Chubb integration expenses																		10			10
Income tax expense																		135			135
Net income (loss)																		$	(475	)	$	1,082



	North America Commercial P&C Insurance ⁽¹⁾		North America Personal P&C Insurance		North America Agricultural Insurance			Overseas General Insurance ⁽¹⁾			Global Reinsurance		Life Insurance			Corporate			Chubb Consolidated
For the Three Months Ended
March 31, 2017
(in millions of U.S. dollars)
Net premiums written	$	2,730	$	984	$	61		$	2,212		$	199	$	524		$	—		$	6,710
Net premiums earned	3,041		1,086		14			1,936			189		506			—			6,772
Losses and loss expenses	1,860		633		(73		)	1,071			94		193			11			3,789
Policy benefits	—		—		—			—			—		168			—			168
Policy acquisition costs	487		217		(1		)	529			51		114			—			1,397
Administrative expenses	231		65		(5		)	245			10		72			58			676
Underwriting income (loss)	463		171		93			91			34		(41		)	(69		)	742
Net investment income (loss)	478		55		6			148			62		75			(79		)	745
Other (income) expense	4		1		—			(1		)	—		(29		)	(45		)	(70		)
Amortization expense of purchased intangibles	—		3		7			11			—		1			42			64
Segment income (loss)	$	937	$	222	$	92		$	229		$	96	$	62		$	(145	)	$	1,493
Net realized gains (losses) including OTTI																(7		)	(7		)
Interest expense																154			154
Chubb integration expenses																111			111
Income tax expense																128			128
Net income (loss)																$	(545	)	$	1,093