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Other (income) expense
 12 Months Ended
Dec. 31, 2019
Other Income and Expenses [Abstract]  
Other (income) expense Other income and expense
 
Year Ended December 31
 
(in millions of U.S. dollars)
2019

 
2018

 
2017

Equity in net income of partially-owned entities (1)
$
617

 
$
514

 
$
418

Gains (losses) from fair value changes in separate account assets (2)
44

 
(38
)
 
97

One-time contribution to the Chubb Charitable Foundation
—

 
—

 
(50
)
Federal excise and capital taxes
(23
)
 
(12
)
 
(35
)
Other
(42
)
 
(30
)
 
(30
)
Total
$
596

 
$
434

 
$
400


(1)  
Equity in net income of partially-owned entities includes $74 million, $43 million, and $3 million attributable to our investments in Huatai (Huatai Group, Huatai P&C, and Huatai Life) for the years ended December 31, 2019, 2018, and 2017, respectively.
(2)  
Related to gains (losses) from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP.

Other income and expense includes equity in net income of partially-owned entities, which includes our share of net income or loss related to partially-owned investment companies (private equity) and partially-owned insurance companies. Also included in Other income and expense are gains (losses) from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP. The offsetting movement in the separate account liabilities is included in Policy benefits in the Consolidated statements of operations. Certain federal excise and capital taxes incurred as a result of capital management initiatives are included in Other income and expense as these are considered capital transactions and are excluded from underwriting results.