Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of debt outstanding

	December 31		December 31
(in millions of U.S. dollars)	2023		2022		Early Redemption Option
Repurchase agreements
Repurchase agreements (weighted average interest rate of 5.4% in 2023 and 3.9% in 2022)	$	1,824	$	1,419	None
Repurchase agreements – VIEs (1) (weighted average interest rate of 4.9% in 2023)	1,009		—		None
Total repurchase agreements	$	2,833	$	1,419
Short-term debt
Chubb INA:
$475 million 2.7% senior notes due March 2023	$	—	$	475	Make-whole premium plus 10 bps
$700 million 3.35% senior notes due May 2024	700		—		Make-whole premium plus 15 bps
€700 million 0.3% senior notes due December 2024	760		—		Make-whole premium plus 15 bps
Total short-term debt	$	1,460	$	475
Long-term debt
Chubb INA:
$700 million 3.35% senior notes due May 2024	$	—	$	699	Make-whole premium plus 15 bps
€700 million 0.3% senior notes due December 2024	—		742		Make-whole premium plus 15 bps
$800 million 3.15% senior notes due March 2025	799		798		Make-whole premium plus 15 bps
$1,500 million 3.35% senior notes due May 2026	1,497		1,496		Make-whole premium plus 20 bps
€575 million 0.875% senior notes due June 2027	623		609		Make-whole premium plus 20 bps
€900 million 1.55% senior notes due March 2028	974		952		Make-whole premium plus 15 bps
$100 million 8.875% debentures due August 2029	100		100		None
€700 million 0.875% senior notes due December 2029	758		740		Make-whole premium plus 20 bps
$1,000 million 1.375% senior notes due September 2030	994		993		Make-whole premium plus 15 bps
€575 million 1.4% senior notes due June 2031	621		606		Make-whole premium plus 25 bps
$200 million 6.8% debentures due November 2031	230		234		Make-whole premium plus 25 bps
$300 million 6.7% senior notes due May 2036	298		298		Make-whole premium plus 20 bps
$800 million 6.0% senior notes due May 2037	918		927		Make-whole premium plus 20 bps
€900 million 2.5% senior notes due March 2038	971		949		Make-whole premium plus 25 bps
$600 million 6.5% senior notes due May 2038	718		726		Make-whole premium plus 30 bps
$475 million 4.15% senior notes due March 2043	471		471		Make-whole premium plus 15 bps
$1,500 million 4.35% senior notes due November 2045	1,486		1,485		Make-whole premium plus 25 bps
$600 million 2.85% senior notes due December 2051	593		593		Make-whole premium plus 15 bps
$1,000 million 3.05% senior notes due December 2061	984		984		Make-whole premium plus 20 bps
Total long-term debt	$	13,035	$	14,402
Trust preferred securities
Chubb INA capital securities due April 2030	$	308	$	308	Redemption prices (2)

(1)Refer to Note 1 g) to the Consolidated Financial Statements for additional information on the consolidation of VIEs.

(2)Redemption prices are equal to accrued and unpaid interest to the redemption date plus the greater of (i) 100 percent of the principal amount thereof, or (ii) sum of present value of scheduled payments of principal and interest on the capital securities from the redemption date to April 1, 2030