Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2019		Dec. 31, 2018
Assets
Fixed maturities available for sale, at fair value (amortized cost – $82,036 and $79,323) (includes hybrid financial instruments of $5 and $9)	$ 85,044		$ 78,470
Fixed maturities held to maturity, at amortized cost (fair value – $13,096 and $13,259)	12,622		13,435
Equity securities, at fair value and cost	722		770
Short-term investments, at fair value (amortized cost – $2,838 and $3,016)	2,835		3,016
Other investments, at fair value and cost	5,955		5,277
Total investments	107,178		100,968
Cash	1,478	[1]	1,247	[2]
Restricted cash	111		93
Securities lending collateral	962		1,926
Accrued investment income	857		883
Insurance and reinsurance balances receivable	10,403		10,075
Reinsurance recoverable on losses and loss expenses	15,527		15,993
Reinsurance recoverable on policy benefits	199		202
Deferred policy acquisition costs	5,148		4,922
Value of business acquired	274		295
Goodwill	15,230		15,271
Other intangible assets	6,148		6,143
Prepaid reinsurance premiums	2,691		2,544
Investments in partially-owned insurance companies	1,064		678
Other assets	7,878		6,531
Total assets	175,148		167,771
Liabilities
Unpaid losses and loss expenses	63,012		62,960
Unearned premiums	16,571		15,532
Future policy benefits	5,738		5,506
Insurance and reinsurance balances payable	6,341		6,437
Securities lending payable	962		1,926
Accounts payable, accrued expenses, and other liabilities	12,167		10,472
Deferred tax liabilities	766		304
Repurchase agreements	1,416		1,418
Short-term debt	10		509
Long-term debt	13,285		12,087
Trust preferred securities	308		308
Total liabilities	120,576		117,459
Commitments and contingencies
Shareholders’ equity
Common Shares (CHF 24.15 par value; 479,783,864 shares issued; 453,533,642 and 459,203,378 shares outstanding)	11,121		11,121
Common Shares in treasury (26,250,222 and 20,580,486 shares)	(3,504)		(2,618)
Additional Paid in Capital, Common Stock	11,465		12,557
Retained earnings	34,969		31,700
Accumulated other comprehensive income (loss) (AOCI)	521		(2,448)
Total shareholders’ equity	54,572		50,312
Total liabilities and shareholders’ equity	$ 175,148		$ 167,771

[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 September 30, 2019, 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, 2018, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.