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Consolidated Balance Sheets
$ in Millions
Dec. 31, 2020
USD ($)
shares
Dec. 31, 2019
USD ($)
shares
Assets    
Fixed maturities available for sale, at fair value, net of valuatuon allowance - $20 at December 31, 2010 (amortized cost – $85,188 and $82,580) $ 90,699 $ 85,488
Debt securities, held to maturity, net carrying value 11,653  
Debt Securities, Held-to-maturity 11,697 12,581
Equity Securities, at fair value 4,027 812
short-term investments amortized cost 4,349 4,291
Short-term investments, at fair value (amortized cost - $4,349 and $4,291) 4,345 4,291
Other investments, at fair value 7,945 6,062
Total investments 118,669 109,234
Cash 1,747 [1] 1,537 [2]
Restricted Cash 89 109
Securities lending collateral 1,844 994
Accrued investment income 867 867
Premium Receivable, Allowance for Credit Loss 44 44
Insurance and reinsurance balances receivable, net of valuation allowance - $44 and $44 10,480 10,357
Reinsurance Recoverable, Allowance for Credit Loss 314 316
Reinsurance recoverable on losses and loss expenses, net of valuation allowance - $314 and $316 [3] 15,592 15,181
Reinsurance recoverable on policy benefits 206 197
Deferred policy acquisition costs 5,402 5,242
Value of business acquired 263 306
Goodwill 15,400 15,296
Other intangible assets 5,811 6,063
Prepaid reinsurance premiums 2,769 2,647
Investments in partially-owned insurance companies 2,813 1,332
Other assets 8,822 7,581
Total assets 190,774 176,943
Liabilities    
Unpaid losses and loss expenses 67,811 62,690
Unearned premiums 17,652 16,771
Future policy benefits 5,713 5,373
Insurance and reinsurance balances payable 6,708 6,184
Securities lending payable 1,844 994
Accounts payable, accrued expenses, and other liabilities 14,052 12,214
Deferred Income Tax Liabilities 892 804
Repurchase agreements 1,405 1,416
Short-term debt 0 1,299
Long-term debt 14,948 13,559
Trust preferred securities 308 308
Total liabilities 131,333 121,612
Commitments and contingencies (refer to Note 10)
Shareholders' equity    
Common Shares (CHF 24.15 par value; 477,605,264 and 479,783,864 shares issued; 450,732,625 and 451,971,567 shares outstanding) 11,064 11,121
Common Shares in treasury (26,872,639 and 27,812,297 shares) (3,644) (3,754)
Additional Paid in Capital 9,815 11,203
Retained earnings 39,337 36,142
Accumulated other comprehensive income (AOCI) 2,869 619
Total shareholders' equity 59,441 55,331
Total liabilities and shareholders’ equity 190,774 176,943
Debt Securities, Available-for-sale, Allowance for Credit Loss 20 0
Fixed maturities available for sale, at amortized cost 85,188 82,580
Debt Securities, Held-to-maturity, Allowance for Credit Loss 44 0
Debt Securities, Held-to-maturity, Fair Value $ 12,510 $ 13,005
Common Shares, shares issued | shares 477,605,264 479,783,864
Common Shares, shares outstanding | shares 450,732,625 451,971,567
Treasury Stock, Shares | shares 26,872,639 27,812,297
[1] Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 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 Note 1 f) for additional information.
[3] Net of valuation allowance for uncollectible reinsurance.