Consolidated Balance Sheets $ in Millions	Sep. 30, 2020 USD ($) shares		Dec. 31, 2019 USD ($) shares
Assets
Fixed maturities available for sale, at fair value, net of valuation allowance - $34 at September 30, 2020 (amortized cost – $85,201 and $82,580)	$ 89,852		$ 85,488
Fixed maturities held to maturity, net carrying value	11,651
Fixed maturities held to maturity, at amortized cost, net of valuation allowance - $45 at September 30, 2020 (fair value – $12,473 and $13,005)	11,696		12,581
Equity securities, at fair value	3,088		812
Short-term investments, at fair value (amortized cost - $4,662 and $4,291)	4,660		4,291
Other investments, at fair value	6,796		6,062
Total investments	116,047		109,234
Cash	1,707	[1]	1,537	[2]
Restricted cash	166		109
Securities lending collateral	1,851		994
Accrued investment income	862		867
Insurance and reinsurance balances receivable	10,588		10,357
Reinsurance recoverable on losses and loss expenses, net of valuation allowance – $320 and $316	15,670		15,181
Reinsurance recoverable on policy benefits	203		197
Deferred policy acquisition costs	5,275		5,242
Value of business acquired	286		306
Goodwill	15,254		15,296
Other intangible assets	5,849		6,063
Prepaid reinsurance premiums	2,760		2,647
Investments in partially-owned insurance companies	2,534		1,332
Other assets	8,734		7,581
Total assets	187,786		176,943
Liabilities
Unpaid losses and loss expenses	67,905		62,690
Unearned premiums	17,502		16,771
Future policy benefits	5,955		5,814
Insurance and reinsurance balances payable	6,420		6,184
Securities lending payable	1,851		994
Accounts payable, accrued expenses, and other liabilities	13,074		11,773
Deferred tax liabilities	815		804
Repurchase agreements	1,413		1,416
Short-term debt	1,300		1,299
Long-term debt	14,830		13,559
Trust preferred securities	308		308
Total liabilities	131,373		121,612
Commitments and contingencies (refer to Note 8)
Shareholders’ equity
Common Shares (CHF 24.15 par value; 477,605,264 and 479,783,864 shares issued; 451,376,194 and 451,971,567 shares outstanding)	11,064		11,121
Common Shares in treasury (26,229,070 and 27,812,297 shares)	(3,541)		(3,754)
Additional Paid in Capital, Common Stock	10,115		11,203
Retained earnings	36,919		36,142
Accumulated other comprehensive income (AOCI)	1,856		619
Total shareholders’ equity	56,413		55,331
Total liabilities and shareholders’ equity	187,786		176,943
Available for sale, at amortized cost	85,201		82,580
Debt Securities, Available-for-sale, Allowance for Credit Loss	34		0
Held-to-maturity, Fair Value	12,473		13,005
Debt Securities, Held-to-maturity, Allowance for Credit Loss	45		0
short-term investments amortized cost	4,662		4,291
Reinsurance Recoverable, Allowance for Credit Loss	$ 320		$ 316
Common Shares, shares outstanding | shares	451,376,194		451,971,567
Common Shares, shares issued | shares	477,605,264		479,783,864
Common Shares in treasury, shares | shares	26,229,070		27,812,297

[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, 2020, 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. Refer to the 2019 Form 10-K for additional information.