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Consolidated Statements Of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Net premiums written $ 12,221 $ 10,710
Increase in unearned premiums (638) (568)
Net premiums earned 11,583 10,142
Net investment income 1,391 1,107
Net realized gains (losses) (101) (77)
Market risk benefits gains (losses) 21 (115)
Total revenues 12,894 11,057
Expenses    
Losses and loss expenses 5,727 5,148
Policy benefits (includes remeasurement gains (losses) of $(19) and $1) 1,180 797
Policy acquisition costs 2,207 1,948
Administrative expenses 1,070 930
Interest expense 178 160
Other (income) expense (191) (296)
Amortization of purchased intangibles 80 72
Cigna integration expenses 7 22
Total expenses 10,258 8,781
Income before income tax 2,636 2,276
Income tax expense 342 384
Net Income 2,294 1,892
Net income attributable to noncontrolling interests 151 0
Net income attributable to Chubb 2,143 1,892
Other comprehensive income (loss):    
Change in unrealized appreciation (depreciation) (677) 1,786
Current discount rate on future policy benefits (53) (151)
Instrument-specific credit risk on market risk benefits 5 (3)
Cumulative foreign currency translation adjustment 80 (177)
Other, including postretirement benefit liability adjustment 31 (33)
Other comprehensive income (loss), before income tax (614) 1,422
Income tax (expense) benefit related to OCI items 9 (132)
Other comprehensive income (loss) (605) 1,290
Comprehensive income 1,689 3,182
Comprehensive income attributable to noncontrolling interests 123 0
Comprehensive income attributable to Chubb $ 1,566 $ 3,182
Earnings per share    
Basic earnings per share attributable to Chubb $ 5.28 $ 4.57
Diluted earnings per share attributable to Chubb $ 5.23 $ 4.53