Segment information (Tables)

9 Months Ended

Sep. 30, 2024

The following tables present the Statement of Operations by segment:


For the Three Months Ended September 30, 2024 (in millions of U.S. dollars)	North America Commercial P&C Insurance		North America Personal P&C Insurance		North America Agricultural Insurance		Overseas General Insurance		Global Reinsurance		Life Insurance		Corporate		Segment Measure Reclass		Chubb Consolidated



Net premiums written	$	5,500	$	1,679	$	1,379	$	3,367	$	352	$	1,552	$	—	$	—	$	13,829
Net premiums earned	5,110		1,577		1,419		3,421		316		1,530		—		—		13,373
Losses and loss expenses	3,391		879		1,193		1,631		200		32		58		(1)		7,383
Policy benefits	—		—		—		120		—		989		—		(10)		1,099
Policy acquisition costs	689		315		88		852		89		291		—		—		2,324
Administrative expenses	338		88		2		340		9		213		104		—		1,094
Underwriting income (loss)	692		295		136		478		18		5		(162)		11		1,473
Net investment income	931		112		20		286		64		250		(28)		(127)		1,508
Other (income) expense	6		1		1		5		—		(39)		(202)		(97)		(325)
Amortization expense of purchased intangibles	2		3		5		21		—		10		40		—		81
Segment income (loss)	$	1,615	$	403	$	150	$	738	$	82	$	284	$	(28)	$	(19)	$	3,225
Net realized gains (losses)													179		19		198
Market risk benefits gains (losses)													(230)		—		(230)
Interest expense													192		—		192
Integration expenses													7		—		7
Income tax expense													504		—		504
Net income (loss)													$	(782)	$	—	$	2,490
Net income attributable to noncontrolling interests													166		—		166
Net income (loss) attributable to Chubb													$	(948)	$	—	$	2,324


For the Three Months Ended September 30, 2023 (in millions of U.S. dollars)	North America Commercial P&C Insurance		North America Personal P&C Insurance		North America Agricultural Insurance		Overseas General Insurance		Global Reinsurance		Life Insurance		Corporate		Segment Measure Reclass		Chubb Consolidated



Net premiums written	$	5,132	$	1,527	$	1,521	$	3,211	$	261	$	1,452	$	—	$	—	$	13,104
Net premiums earned	4,735		1,407		1,540		3,311		239		1,442		—		—		12,674
Losses and loss expenses	3,025		900		1,356		1,635		116		20		61		(7)		7,106
Policy benefits	—		—		—		91		—		866		—		(19)		938
Policy acquisition costs	640		287		76		827		69		279		—		—		2,178
Administrative expenses	323		84		3		327		9		216		98		—		1,060
Underwriting income (loss)	747		136		105		431		45		61		(159)		26		1,392
Net investment income	780		94		12		248		47		211		14		(92)		1,314
Other (income) expense	6		2		—		(10)		—		(28)		(51)		(73)		(154)
Amortization expense of purchased intangibles	—		3		6		19		—		12		44		—		84
Segment income (loss)	$	1,521	$	225	$	111	$	670	$	92	$	288	$	(138)	$	7	$	2,776
Net realized gains (losses)													(96)		(7)		(103)
Market risk benefits gains (losses)													(32)		—		(32)
Interest expense													174		—		174
Integration expenses													14		—		14
Income tax expense													413		—		413
Net income (loss)													$	(867)	$	—	$	2,040
Net loss attributable to noncontrolling interests													(3)		—		(3)
Net income (loss) attributable to Chubb													$	(864)	$	—	$	2,043


For the Nine Months Ended September 30, 2024 (in millions of U.S. dollars)	North America Commercial P&C Insurance		North America Personal P&C Insurance		North America Agricultural Insurance		Overseas General Insurance		Global Reinsurance		Life Insurance		Corporate		Segment Measure Reclass		Chubb Consolidated



Net premiums written	$	15,690	$	4,911	$	2,386	$	10,536	$	1,122	$	4,765	$	—	$	—	$	39,410
Net premiums earned	14,890		4,560		2,173		9,966		950		4,709		—		—		37,248
Losses and loss expenses	9,640		2,654		1,785		4,728		492		86		161		(5)		19,541
Policy benefits	—		—		—		312		—		3,090		—		96		3,498
Policy acquisition costs	2,037		914		154		2,517		250		885		—		—		6,757
Administrative expenses	993		262		7		1,019		29		638		310		—		3,258
Underwriting income (loss)	2,220		730		227		1,390		179		10		(471)		(91)		4,194
Net investment income	2,620		322		62		836		179		738		(86)		(304)		4,367
Other (income) expense	28		—		1		14		—		(111)		(263)		(295)		(626)
Amortization expense of purchased intangibles	2		7		18		61		—		31		122		—		241
Segment income (loss)	$	4,810	$	1,045	$	270	$	2,151	$	358	$	828	$	(416)	$	(100)	$	8,946
Net realized gains (losses)													101		100		201
Market risk benefits gains (losses)													(238)		—		(238)
Interest expense													552		—		552
Integration expenses													21		—		21
Income tax expense													1,336		—		1,336
Net income (loss)													$	(2,462)	$	—	$	7,000
Net income attributable to noncontrolling interests													303		—		303
Net income (loss) attributable to Chubb													$	(2,765)	$	—	$	6,697


For the Nine Months Ended September 30, 2023 (in millions of U.S. dollars)	North America Commercial P&C Insurance		North America Personal P&C Insurance		North America Agricultural Insurance		Overseas General Insurance		Global Reinsurance		Life Insurance		Corporate		Segment Measure Reclass		Chubb Consolidated



Net premiums written	$	14,575	$	4,404	$	2,581	$	9,359	$	831	$	4,015	$	—	$	—	$	35,765
Net premiums earned	13,710		4,084		2,334		9,005		720		3,962		—		—		33,815
Losses and loss expenses	8,625		2,634		2,003		4,139		319		87		133		(3)		17,937
Policy benefits	—		—		—		338		—		2,283		—		(56)		2,565
Policy acquisition costs	1,867		836		128		2,286		196		829		—		—		6,142
Administrative expenses	934		247		9		899		27		553		290		—		2,959
Underwriting income (loss)	2,284		367		194		1,343		178		210		(423)		59		4,212
Net investment income	2,204		262		43		636		144		525		28		(276)		3,566
Other (income) expense	18		2		—		(29)		(1)		(69)		(251)		(220)		(550)
Amortization expense of purchased intangibles	—		8		19		52		—		18		129		—		226
Segment income (loss)	$	4,470	$	619	$	218	$	1,956	$	323	$	786	$	(273)	$	3	$	8,102
Net realized gains (losses)													(481)		(3)		(484)
Market risk benefits gains (losses)													(154)		—		(154)
Interest expense													499		—		499
Integration expenses													51		—		51
Income tax expense													1,189		—		1,189
Net income (loss)													$	(2,647)	$	—	$	5,725
Net loss attributable to noncontrolling interests													(3)		—		(3)
Net income (loss) attributable to Chubb													$	(2,644)	$	—	$	5,728