Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019		Dec. 31, 2018
Assets
Fixed maturities available for sale, at fair value (amortized cost – $82,580 and $79,323)	$ 85,488		$ 78,470
Fixed maturities held to maturity, at amortized cost (fair value – $13,005 and $13,259)	12,581		13,435
Equity Securities, at fair value	812		770
Short-term investments, at fair value and amortized cost	4,291		3,016
Other investments, at fair value	6,062		5,277
Total investments	109,234		100,968
Cash	1,537	[1]	1,247	[2]
Restricted Cash	109		93
Securities lending collateral	994		1,926
Accrued investment income	867		883
Insurance and reinsurance balances receivable	10,357		10,075
Reinsurance recoverable on losses and loss expenses	15,181		15,993
Reinsurance recoverable on policy benefits	197		202
Deferred policy acquisition costs	5,242		4,922
Value of business acquired	306		295
Goodwill	15,296		15,271
Other intangible assets	6,063		6,143
Prepaid reinsurance premiums	2,647		2,544
Investments in partially-owned insurance companies	1,332		678
Other assets	7,581		6,531
Total assets	176,943		167,771
Liabilities
Unpaid losses and loss expenses	62,690		62,960
Unearned premiums	16,771		15,532
Future policy benefits	5,814		5,506
Insurance and reinsurance balances payable	6,184		6,437
Securities lending payable	994		1,926
Accounts payable, accrued expenses, and other liabilities	11,773		10,472
Deferred Income Tax Liabilities	804		304
Repurchase agreements	1,416		1,418
Short-term debt	1,299		509
Long-term debt	13,559		12,087
Trust preferred securities	308		308
Total liabilities	121,612		117,459
Commitments and contingencies (refer to Note 10)
Shareholders' equity
Common Shares (CHF 24.15 par value; 479,783,864 shares issued; 451,971,567 and 459,203,378 shares outstanding)	11,121		11,121
Common Shares in treasury (27,812,297 and 20,580,486 shares)	(3,754)		(2,618)
Additional Paid in Capital	11,203		12,557
Retained earnings	36,142		31,700
Accumulated other comprehensive income (loss) (AOCI)	619		(2,448)
Total shareholders' equity	55,331		50,312
Total liabilities and shareholders’ equity	$ 176,943		$ 167,771

[1] Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information.

[2] Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2018, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.