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Consolidated Statements Of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Net premiums written $ 13,360 $ 11,951 $ 25,581 $ 22,661
Increase in unearned premiums (1,068) (952) (1,706) (1,520)
Net premiums earned 12,292 10,999 23,875 21,141
Net investment income 1,468 1,145 2,859 2,252
Net realized gains (losses) 104 (304) 3 (381)
Market risk benefits gains (losses) (29) (7) (8) (122)
Total revenues 13,835 11,833 26,729 22,890
Expenses        
Losses and loss expenses 6,431 5,683 12,158 10,831
Policy benefits (includes remeasurement losses of $3, $5, $22 and $4) 1,219 830 2,399 1,627
Policy acquisition costs 2,226 2,016 4,433 3,964
Administrative expenses 1,094 969 2,164 1,899
Interest expense 182 165 360 325
Other (income) expense (110) (100) (301) (396)
Amortization of purchased intangibles 80 70 160 142
Cigna integration expenses 7 15 14 37
Total expenses 11,129 9,648 21,387 18,429
Income before income tax 2,706 2,185 5,342 4,461
Income tax expense 490 392 832 776
Net Income 2,216 1,793 4,510 3,685
Net income (loss) attributable to noncontrolling interests (14) 0 137 0
Net income attributable to Chubb 2,230 1,793 4,373 3,685
Other comprehensive income (loss):        
Change in unrealized appreciation (depreciation) (489) (1,194) (1,166) 592
Current discount rate on future policy benefits 53 (35) 0 (186)
Instrument-specific credit risk on market risk benefits 5 11 10 8
Cumulative foreign currency translation adjustment (530) 215 (450) 38
Other, including postretirement benefit liability adjustment (29) 48 2 15
Other comprehensive income (loss), before income tax (990) (955) (1,604) 467
Income tax (expense) benefit related to OCI items 29 28 38 (104)
Other comprehensive income (loss) (961) (927) (1,566) 363
Comprehensive income 1,255 866 2,944 4,048
Comprehensive income (loss) attributable to noncontrolling interests (57) 0 66 0
Comprehensive income attributable to Chubb $ 1,312 $ 866 $ 2,878 $ 4,048
Earnings per share        
Basic earnings per share attributable to Chubb $ 5.51 $ 4.35 $ 10.79 $ 8.92
Diluted earnings per share attributable to Chubb $ 5.46 $ 4.32 $ 10.68 $ 8.84