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Consolidated Statements Of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Net premiums written $ 13,829 $ 13,104 $ 39,410 $ 35,765
Increase in unearned premiums (456) (430) (2,162) (1,950)
Net premiums earned 13,373 12,674 37,248 33,815
Net investment income 1,508 1,314 4,367 3,566
Net realized gains (losses) 198 (103) 201 (484)
Market risk benefits gains (losses) (230) (32) (238) (154)
Total revenues 14,849 13,853 41,578 36,743
Expenses        
Losses and loss expenses 7,383 7,106 19,541 17,937
Policy benefits (includes remeasurement gains of $26, $25, $4 and $21) 1,099 938 3,498 2,565
Policy acquisition costs 2,324 2,178 6,757 6,142
Administrative expenses 1,094 1,060 3,258 2,959
Interest expense 192 174 552 499
Other (income) expense (325) (154) (626) (550)
Amortization of purchased intangibles 81 84 241 226
Integration expenses 7 14 21 51
Total expenses 11,855 11,400 33,242 29,829
Income before income tax 2,994 2,453 8,336 6,914
Income tax expense 504 413 1,336 1,189
Net income 2,490 2,040 7,000 5,725
Net income (loss) attributable to noncontrolling interests 166 (3) 303 (3)
Net income attributable to Chubb 2,324 2,043 6,697 5,728
Other comprehensive income (loss):        
Unrealized appreciation (depreciation) 3,459 (2,170) 2,293 (1,578)
Current discount rate on future policy benefits (672) 683 (672) 497
Instrument-specific credit risk on market risk benefits (8) (5) 2 3
Cumulative foreign currency translation adjustment 445 (317) (5) (279)
Other, including postretirement benefit liability adjustment (19) 37 (17) 52
Other comprehensive income (loss), before income tax 3,205 (1,772) 1,601 (1,305)
Income tax expense related to OCI items 150 0 112 104
Other comprehensive income (loss) 3,055 (1,772) 1,489 (1,409)
Comprehensive income 5,545 268 8,489 4,316
Comprehensive income (loss) attributable to noncontrolling interests 187 (79) 253 (79)
Comprehensive income attributable to Chubb $ 5,358 $ 347 $ 8,236 $ 4,395
Earnings per share        
Basic earnings per share attributable to Chubb $ 5.75 $ 4.99 $ 16.55 $ 13.90
Diluted earnings per share attributable to Chubb $ 5.70 $ 4.95 $ 16.38 $ 13.79