Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

Dividends Declared

The following table presents dividend distributions per Common Share in Swiss francs (CHF) and U.S. dollars (USD):

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2024			2023			2024			2023
	CHF	USD		CHF	USD		CHF	USD		CHF	USD
Total dividend distributions per common share	0.78	$	0.91	0.75	$	0.86	2.35	$	2.68	2.29	$	2.55

Share Repurchase Program [Table Text Block]

The following table presents repurchases of Chubb's Common Shares conducted in a series of open market transactions under the Board authorizations:

	Three Months Ended				Nine Months Ended
	September 30				September 30
(in millions of U.S. dollars, except share data)	2024		2023		2024		2023
Number of shares repurchased	1,441,607		2,949,900		4,915,964		8,634,600
Cost of shares repurchased	$	413	$	606	$	1,299	$	1,758
Repurchase authorization remaining at end of period	$	2,400	$	4,398	$	2,400	$	4,398

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents changes in accumulated other comprehensive income (loss):

	Three Months Ended				Nine Months Ended
	September 30				September 30
(in millions of U.S. dollars)	2024		2023		2024		2023
Accumulated other comprehensive income (loss) (AOCI)
Net unrealized appreciation (depreciation) on investments
Balance – beginning of period, net of tax	$	(5,301)	$	(6,809)	$	(4,177)	$	(7,279)
Change in period, before reclassification from AOCI (before tax)	3,419		(2,240)		2,139		(1,935)
Amounts reclassified from AOCI (before tax)	40		70		154		357
Change in period, before tax	3,459		(2,170)		2,293		(1,578)
Income tax (expense) benefit	(198)		29		(149)		(93)
Total other comprehensive income (loss)	3,261		(2,141)		2,144		(1,671)
Noncontrolling interests, net of tax	2		3		9		3
Balance – end of period, net of tax	(2,042)		(8,953)		(2,042)		(8,953)
Current discount rate on liability for future policy benefits
Balance – beginning of period, net of tax	66		(247)		51		(75)
Change in period, before tax	(672)		683		(672)		497
Income tax (expense) benefit	36		(35)		14		(21)
Total other comprehensive income (loss)	(636)		648		(658)		476
Noncontrolling interests, net of tax	(43)		(3)		(80)		(3)
Balance – end of period, net of tax	(527)		404		(527)		404
Instrument-specific credit risk on market risk benefits
Balance – beginning of period, net of tax	(13)		(16)		(22)		(24)
Change in period, before tax	(8)		(5)		2		3
Income tax benefit	1		—		—		—
Total other comprehensive income (loss)	(7)		(5)		2		3
Noncontrolling interests, net of tax	—		—		—		—
Balance – end of period, net of tax	(20)		(21)		(20)		(21)

	Three Months Ended				Nine Months Ended
	September 30				September 30
(in millions of U.S. dollars)	2024		2023		2024		2023
Accumulated other comprehensive income (loss) (AOCI) - continued
Cumulative foreign currency translation adjustment
Balance – beginning of period, net of tax	(3,342)		(2,920)		(2,945)		(2,966)
Change in period, before reclassification from AOCI (before tax)	450		(314)		6		(269)
Amounts reclassified from AOCI (before tax)	(5)		(3)		(11)		(10)
Change in period, before tax	445		(317)		(5)		(279)
Income tax benefit	7		13		19		21
Total other comprehensive income (loss)	452		(304)		14		(258)
Noncontrolling interests, net of tax	62		(76)		21		(76)
Balance – end of period, net of tax	(2,952)		(3,148)		(2,952)		(3,148)
Fair value hedging instruments
Balance – beginning of period, net of tax	(11)		(53)		(13)		(66)
Change in period, before reclassification from AOCI (before tax)	42		(17)		(12)		23
Amounts reclassified from AOCI (before tax)	(60)		55		(3)		32
Change in period, before tax	(18)		38		(15)		55
Income tax (expense) benefit	4		(7)		3		(11)
Total other comprehensive income (loss)	(14)		31		(12)		44
Noncontrolling interests, net of tax	—		—		—		—
Balance – end of period, net of tax	(25)		(22)		(25)		(22)
Postretirement benefit liability adjustment
Balance – beginning of period, net of tax	297		223		297		225
Change in period, before tax	(1)		(1)		(2)		(3)
Income tax benefit	—		—		1		—
Total other comprehensive loss	(1)		(1)		(1)		(3)
Noncontrolling interests, net of tax	—		—		—		—
Balance – end of period, net of tax	296		222		296		222
Accumulated other comprehensive loss	$	(5,270)	$	(11,518)	$	(5,270)	$	(11,518)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents reclassifications from accumulated other comprehensive income (loss) to the Consolidated statements of operations:

	Three Months Ended				Nine Months Ended				Consolidated Statement of Operations Location
	September 30				September 30
(in millions of U.S. dollars)	2024		2023		2024		2023
Fixed maturities available-for-sale	$	(40)	$	(70)	$	(154)	$	(357)	Net realized gains (losses)
Income tax benefit	17		25		41		59		Income tax expense
	$	(23)	$	(45)	$	(113)	$	(298)	Net income
Cumulative foreign currency translation adjustment
Cross-currency swaps	$	5	$	3	$	11	$	10	Interest expense
Income tax expense	(1)		(1)		(2)		(2)		Income tax expense
	$	4	$	2	$	9	$	8	Net income
Net gains (losses) of fair value hedging instruments
Cross-currency swaps	$	63	$	(51)	$	14	$	(20)	Net realized gains (losses)
Cross-currency swaps	(3)		(4)		(11)		(12)		Interest expense
Income tax (expense) benefit	(12)		12		—		7		Income tax expense
	$	48	$	(43)	$	3	$	(25)	Net income
Total amounts reclassified from AOCI	$	29	$	(86)	$	(101)	$	(315)