Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
Assets
Fixed maturities available for sale, at fair value, net of valuation allowance - $193 and $169 (amortized cost – $104,224 and $93,355)		$ 96,789	$ 85,220
Fixed maturities held to maturity, at amortized cost, net of valuation allowance - nil and $34 (fair value – nil and $8,439)		0	8,848
Equity securities, at fair value		1,043	827
Short-term investments, at fair value (amortized cost – $4,099 and $4,962)		4,097	4,960
Other investments, at fair value		14,707	13,696
Total investments		116,636	113,551
Cash		2,285	2,012
Restricted cash		90	115
Securities lending collateral		1,525	1,523
Accrued investment income		983	941
Insurance and reinsurance balances receivable, net of valuation allowance - $52 and $52		14,128	11,933
Reinsurance recoverable on losses and loss expenses, net of valuation allowance - $361 and $351	[1]	18,398	18,859
Reinsurance recoverable on policy benefits	[1]	315	302
Deferred policy acquisition costs		6,666	6,031
Value of business acquired		3,575	3,702
Goodwill		16,322	16,228
Other intangible assets		5,320	5,441
Prepaid reinsurance premiums		3,599	3,136
Investments in partially-owned insurance companies		3,542	2,507
Separate account assets		5,574	5,190
Other assets		6,490	7,546
Total assets		205,448	199,017
Liabilities
Unpaid losses and loss expenses		76,480	75,747
Unearned premiums		21,860	19,713
Future policy benefits		11,064	10,476
Market risk benefits		722	800
Policyholders' account balances		3,215	3,140
Separate account liabilities		5,574	5,190
Insurance and reinsurance balances payable		8,429	7,780
Securities lending payable		1,525	1,523
Accounts payable, accrued expenses, and other liabilities		6,864	7,148
Deferred tax liabilities		533	377
Repurchase agreements		1,518	1,419
Short-term debt		699	475
Long-term debt		13,782	14,402
Trust preferred securities		308	308
Total liabilities		152,573	148,498
Commitments and contingencies (refer to Note 13)
Shareholders’ equity
Common Shares (CHF 0.50 and 24.15 par value; 431,451,586 and 446,376,614 shares issued; 410,691,354 and 414,594,856 shares outstanding)		241	10,346
Common Shares in treasury (20,760,232 and 31,781,758 shares)		(3,174)	(5,113)
Additional paid-in capital		16,163	7,166
Retained earnings		49,467	48,305
Accumulated other comprehensive income (loss) (AOCI)		(9,822)	(10,185)
Total shareholders’ equity		52,875	50,519
Total liabilities and shareholders’ equity		$ 205,448	$ 199,017

[1] Net of valuation allowance for uncollectible reinsurance.