Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Assets
Fixed maturities available for sale, at fair value, net of valuation allowance - $169 and $14 (amortized cost – $93,355 and $90,493)		$ 85,220	$ 93,108
Fixed maturities held to maturity, at amortized cost, net of valuation allowance - $34 and $35 (fair value – $8,439 and $10,647)		8,848	10,118
Equity securities, at fair value		827	4,782
Short-term investments, at fair value (amortized cost – $4,962 and $3,147)		4,960	3,146
Other investments, at fair value		13,696	11,169
Total investments		113,551	122,323
Cash		2,012	1,659
Restricted cash		115	152
Securities lending collateral		1,523	1,831
Accrued investment income		941	821
Insurance and reinsurance balances receivable, net of valuation allowance - $52 and $46		11,933	11,322
Reinsurance recoverable on losses and loss expenses, net of valuation allowance - $351 and $329	[1]	18,901	17,366
Reinsurance recoverable on policy benefits	[1]	303	213
Deferred policy acquisition costs		5,788	5,513
Value of business acquired		3,596	236
Goodwill		16,287	15,213
Other intangible assets		5,441	5,455
Prepaid reinsurance premiums		3,140	3,028
Investments in partially-owned insurance companies		2,877	3,130
Other assets		12,736	11,792
Total assets		199,144	200,054
Liabilities
Unpaid losses and loss expenses		76,323	72,943
Unearned premiums		20,360	19,101
Future policy benefits		10,120	5,947
Insurance and reinsurance balances payable		7,795	7,243
Securities lending payable		1,523	1,831
Accounts payable, accrued expenses, and other liabilities		15,587	15,004
Deferred tax liabilities		292	389
Repurchase agreements		1,419	1,406
Short-term debt		475	999
Long-term debt		14,402	15,169
Trust preferred securities		308	308
Total liabilities		148,604	140,340
Commitments and contingencies (refer to Note 10)
Shareholders' equity
Common Shares (CHF 24.15 par value; 446,376,614 and 474,021,114 shares issued; 414,594,856 and 426,572,612 shares outstanding)		10,346	10,985
Common Shares in treasury (31,781,758 and 47,448,502 shares)		(5,113)	(7,464)
Additional paid-in capital		7,166	8,478
Retained earnings		48,334	47,365
Accumulated other comprehensive income (loss) (AOCI)		(10,193)	350
Total shareholders’ equity		50,540	59,714
Total liabilities and shareholders’ equity		$ 199,144	$ 200,054

[1] Net of valuation allowance for uncollectible reinsurance.