Schedule II (CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY) (Table)

12 Months Ended

Dec. 31, 2021

BALANCE SHEETS (Parent Company Only)


	December 31		December 31
(in millions of U.S. dollars)	2021		2020
Assets
Investments in subsidiaries and affiliates on equity basis	$	58,850	$	56,148


Total investments	58,850		56,148

Cash	1		84
Due from subsidiaries and affiliates, net	1,218		3,578
Other assets	16		10
Total assets	$	60,085	$	59,820
Liabilities


Affiliated notional cash pooling programs	$	8	$	—
Accounts payable, accrued expenses, and other liabilities	363		379

Total liabilities	371		379
Shareholders' equity
Common Shares	10,985		11,064
Common Shares in treasury	(7,464)		(3,644)
Additional paid-in capital	8,478		9,815
Retained earnings	47,365		39,337
Accumulated other comprehensive income	350		2,869
Total shareholders' equity	59,714		59,441
Total liabilities and shareholders' equity	$	60,085	$	59,820

The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.

STATEMENTS OF OPERATIONS (Parent Company Only)


	Year Ended December 31
(in millions of U.S. dollars)	2021		2020		2019
Revenues
Investment income (1)	$	96	$	155	$	227
Equity in net income of subsidiaries and affiliates	8,514		3,457		4,307

Total Revenues	8,610		3,612		4,534
Expenses
Administrative and other (income) expense	56		55		65
Chubb integration expenses	—		—		1
Income tax expense	15		24		14
Total Expenses	71		79		80
Net income	$	8,539	$	3,533	$	4,454
Comprehensive income	$	6,020	$	5,783	$	7,521

(1)Includes net investment income, interest income, and net realized gains (losses).

The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.

STATEMENTS OF CASH FLOWS (Parent Company Only)


	Year Ended December 31
(in millions of U.S. dollars)	2021		2020		2019
Net cash flows from operating activities (1)	$	4,167	$	1,933	$	412
Cash flows from investing activities


Capital contribution	—		(1,200)		(1,000)
Other	—		(2)		—
Net cash flows used for investing activities	—		(1,202)		(1,000)
Cash flows from financing activities
Dividends paid on Common Shares	(1,401)		(1,388)		(1,354)
Common Shares repurchased	(4,861)		(523)		(327)
Repayment of intercompany loans	2,003		1,265		2,301
Net proceeds from (payments to) affiliated notional cash pooling programs (2)	8		—		(35)
Net cash flows from (used for) financing activities	(4,251)		(646)		585
Effect of foreign currency rate changes on cash and restricted cash	1		(3)		4
Net increase (decrease) in cash and restricted cash	(83)		82		1
Cash and restricted cash – beginning of year	84		2		1
Cash and restricted cash – end of year	$	1	$	84	$	2

(1) Includes cash dividends received from subsidiaries of $3.7 billion, $2.0 billion, and $200 million in 2021, 2020, and 2019, respectively.

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

The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.