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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 3,533 $ 4,454 $ 3,962
Adjustments to reconcile net income to net cash flows from operating activities      
Net Realized Gains Losses 498 530 652
Amortization of premiums/discounts on fixed maturities 367 395 592
Amortization of purchased intangibles 290 305 339
Deferred income taxes (333) (97) 16
Unpaid losses and loss expenses 4,664 (257) 570
Unearned premiums 846 1,051 654
Future policy benefits 236 215 235
Insurance and reinsurance balances payable 535 (302) 722
Accounts payable, accrued expenses, and other liabilities (98) (207) 375
Income taxes payable 46 (7) 161
Insurance and reinsurance balances receivable (114) (270) (981)
Reinsurance recoverable (336) 838 (1,165)
Deferred policy acquisition costs (89) (344) (301)
Other (260) 38 (351)
Net cash flows from operating activities 9,785 6,342 5,480
Cash flows from investing activities      
Purchases of fixed maturities available for sale (26,298) (25,846) (24,700)
Purchases of to be announced mortgage-backed securities 0 0 (35)
Purchases of fixed maturities held to maturity (202) (229) (456)
Purchases of equity securities (6,419) (531) (207)
Sales of fixed maturities available for sale 11,377 13,110 14,001
Sales of to be announced mortgage-backed securities 0 6 29
Sales of equity securities 3,880 611 315
Maturities and redemptions of fixed maturities available for sale 12,450 9,039 7,352
Maturities and redemptions of fixed maturities held to maturity 995 946 1,124
Net change in short-term investments (81) (1,117) 516
Net derivative instruments settlements (113) (703) 16
Private equity contributions (1,924) (1,315) (1,337)
Private equity distributions 907 1,390 980
Acquisition of subsidiaries (net of cash acquired of nil, $45, and nil) 0 (29) 0
Payment, including deposit, for Huatai Group Interest (1,623) (580)  
Other (470) (657) (533)
Net Cash Provided by (Used in) Investing Activities (7,521) (5,905) (2,935)
Cash flows from financing activities      
Dividends paid on Common Shares (1,388) (1,354) (1,337)
Common Shares repurchased (523) (1,530) (1,044)
Proceeds from issuance of long-term debt 988 2,828 2,171
Proceeds from issuance of repurchase agreements 2,354 2,817 2,029
Repayments of Long-term Debt (1,301) (510) (2,001)
Repayment of repurchase agreements (2,354) (2,817) (2,019)
Proceeds from share-based compensation plans 145 204 115
Policyholder contract deposits 470 514 453
Policyholder contract withdrawals (386) (303) (358)
Other (87) 0 0
Net cash flows (used for) from financing activities (2,082) (151) (1,991)
Effect of foreign currency rate changes on cash and restricted cash 8 20 (65)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 190 306 489
Cash and restricted cash - beginning of year 1,646 [1],[2] 1,340 [2],[3] 851 [3]
Cash and restricted cash - end of year [2] 1,836 1,646 [1] 1,340 [3]
Supplemental cash flow information      
Taxes paid 902 912 503
Interest paid 524 512 621
Cash Acquired from Acquisition 0 45 0
CHINA | Huatai Group [Member]      
Cash flows from investing activities      
Payment, including deposit, for Huatai Group Interest $ (1,623) $ (580) $ 0
[1] Chubb maintains two notional multi-currency 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.
[2] Chubb maintains two notional multi-currency 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.
[3] Chubb maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2018 and 2017, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.