Goodwill and Value of business acquired (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill roll-forward by business segment

The following table presents a roll-forward of Goodwill by segment:

(in millions of U.S. dollars)	North America Commercial P&C Insurance		North America Personal P&C Insurance		North America Agricultural Insurance		Overseas General Insurance		Global Reinsurance		Life Insurance		Chubb Consolidated
Balance at December 31, 2022	$	6,945	$	2,230	$	134	$	4,605	$	371	$	1,943	$	16,228
Foreign exchange revaluation and other	10		4		—		139		—		(59)		94
Balance at June 30, 2023	$	6,955	$	2,234	$	134	$	4,744	$	371	$	1,884	$	16,322

Schedule of Changes in VOBA

The following table presents a roll-forward of VOBA:

	Six Months Ended
	June 30
(in millions of U.S. dollars)	2023
Balance, beginning of period	$	3,702
Amortization of VOBA (1)	(162)
Foreign exchange revaluation and other	35
Balance, end of period	$	3,575

(1)Recognized in Policy acquisition costs in the Consolidated statements of operations.