Consolidated Balance Sheets - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Assets
Fixed maturities available for sale, at fair value, net of valuation allowance - $27 and $14 (amortized cost – $91,526 and $90,493)		$ 89,479	$ 93,108
Fixed maturities held to maturity, at amortized cost, net of valuation allowance - $34 and $35 (fair value – $9,888 and $10,647)		9,818	10,118
Equity securities, at fair value		3,596	4,782
Short-term investments, at fair value (amortized cost – $3,408 and $3,147)		3,407	3,146
Other investments, at fair value		11,947	11,169
Total investments		118,247	122,323
Cash		1,734	1,659
Restricted cash		180	152
Securities lending collateral		1,800	1,831
Accrued investment income		822	821
Insurance and reinsurance balances receivable, net of valuation allowance - $50 and $46		11,452	11,322
Reinsurance recoverable on losses and loss expenses, net of valuation allowance - $329 and $329	[1]	17,761	17,366
Reinsurance recoverable on policy benefits	[1]	208	213
Deferred policy acquisition costs		5,587	5,513
Value of business acquired		231	236
Goodwill		15,244	15,213
Other intangible assets		5,399	5,455
Deferred tax assets		333	0
Prepaid reinsurance premiums		3,068	3,028
Investments in partially-owned insurance companies		3,161	3,130
Other assets		12,763	11,792
Total assets		197,990	200,054
Liabilities
Unpaid losses and loss expenses		73,844	72,943
Unearned premiums		19,586	19,101
Future policy benefits		5,974	5,947
Insurance and reinsurance balances payable		7,401	7,243
Securities lending payable		1,800	1,831
Accounts payable, accrued expenses, and other liabilities		14,914	15,004
Deferred tax liabilities		0	389
Repurchase agreements		1,406	1,406
Short-term debt		1,474	999
Long-term debt		14,585	15,169
Trust preferred securities		308	308
Total liabilities		141,292	140,340
Commitments and contingencies (refer to Note 7)
Shareholders’ equity
Common Shares (CHF 24.15 par value; 459,555,714 and 474,021,114 shares issued; 423,675,327 and 426,572,612 shares outstanding)		10,666	10,985
Common Shares in treasury (35,880,387 and 47,448,502 shares)		(5,700)	(7,464)
Additional paid-in capital		7,988	8,478
Retained earnings		47,148	47,365
Accumulated other comprehensive income (loss) (AOCI)		(3,404)	350
Total shareholders’ equity		56,698	59,714
Total liabilities and shareholders’ equity		$ 197,990	$ 200,054

[1] Net of valuation allowance for uncollectible reinsurance.