XML 83 R63.htm IDEA: XBRL DOCUMENT v3.25.0.1
Summary of significant accounting policies (Narrative) (Detail) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Jul. 01, 2023
Dec. 31, 2021
Summary of significant accounting policies [Line Items]            
Deferred Policy Acquisition Costs, Amortization Expense   $ 9,102 $ 8,259 $ 7,339    
Recoverable from unrated reinsurers, ceded reserve, default factor (percent)   11.20%        
Percentage of fair value of loaned securities   102.00%        
Quality assessment threshold used in goodwill impairment testing   50.00%        
Property, Plant and Equipment, Net   $ 3,100 2,900      
Net operating results of ESIS included within Administrative expenses   7 (2) 12    
Integration expenses   39 69 48    
Net income attributable to Chubb   9,272 9,028 5,246    
Comprehensive Income (Loss), Net of Tax, Attributable to Parent   7,437 12,404 (3,865)    
Retained earnings   61,561 54,810      
Accumulated other comprehensive income (loss)   (8,644) (6,809)      
Stockholders' Equity $ (50,519) (64,021) (59,507) (50,519)    
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments [1]   (19,777) (19,952)      
Reinsurance Recoverable Future Policy Benefits [1]   (289) (280)      
Deferred policy acquisition costs   8,358 7,152      
Value of business acquired 3,702 3,223 3,674 3,702   $ 235
Goodwill 16,228 19,579 [2] 19,686 16,228    
Prepaid Reinsurance Premiums   (3,378) (3,221)      
Liability for Claims and Claims Adjustment Expense (75,747) (84,004) (80,122) (75,747)   $ (72,330)
Unearned Premiums   (23,504) (22,051)      
Future policy benefits   16,121 13,888      
Market risk benefits   607 771      
Reinsurance Payable   (8,121) (8,302)      
Deferred tax liabilities   1,584 1,555      
Premiums Written, Net   (51,468) (47,361) (41,720)    
Premiums Earned, Net   (49,846) (45,712) (40,360)    
Realized Investment Gains (Losses)   (117) 607 1,085    
Market Risk Benefit, Change in Fair Value, Gain (Loss)   140 307 (80)    
Policyholder Benefits and Claims Incurred, Net   (26,022) (24,100) (22,572)    
Liability for Future Policy Benefits, Period Expense (Income)   (4,714) (3,628) (2,314)    
Other (income) expense   (1,023) (836) 89    
Income Tax Expense (Benefit)   (1,815) (511) (1,239)    
Current discount rate on future policy benefits   (701) 84 1,480    
Instrument-specific credit risk on market risk benefits   7 2 33    
Other Comprehensive Income (Loss), Tax   (117) (317) 965    
Comprehensive income (loss)   7,658 12,376 (3,865)    
Net Cash Provided by (Used in) Operating Activities, Total   16,182 12,632 11,258    
Net Cash Provided by (Used in) Financing Activities   $ (2,181) $ (4,489) $ (5,142)    
Huatai Group [Member]            
Summary of significant accounting policies [Line Items]            
Subsidiary, Ownership Percentage, Parent   85.50% 76.50%   69.60%  
Cigna's Life Insurance Business in Asian Markets            
Summary of significant accounting policies [Line Items]            
Net income attributable to Chubb $ 140          
Minimum            
Summary of significant accounting policies [Line Items]            
Reinsurance Premiums, Amortization Period   1 year        
Debt Securities, Held-to-Maturity, Accrued Interest, Threshold Period, Writeoff   30 days        
Maximum            
Summary of significant accounting policies [Line Items]            
Reinsurance Premiums, Amortization Period   3 years        
Affiliated notional cash pooling program   $ 300        
Finite-Lived Intangible Asset, Useful Life   25 years        
Debt Securities, Held-to-Maturity, Accrued Interest, Threshold Period, Writeoff   45 days        
Fair Value Adjustment to Acquired Loss Reserves [Member] | The Chubb Corporation [Member]            
Summary of significant accounting policies [Line Items]            
Balance of FV adjustment on Unpaid Losses and Loss Expenses   $ 60 $ 62      
Software Development [Member]            
Summary of significant accounting policies [Line Items]            
Property, Plant and Equipment, Net   $ 1,900        
Property, Plant and Equipment, Useful Life   15 years        
Software Development [Member] | Minimum            
Summary of significant accounting policies [Line Items]            
Property, Plant and Equipment, Useful Life   3 years        
Software Development [Member] | Maximum            
Summary of significant accounting policies [Line Items]            
Property, Plant and Equipment, Useful Life   5 years        
Building [Member]            
Summary of significant accounting policies [Line Items]            
Property, Plant and Equipment, Net   $ 431        
Building [Member] | Maximum            
Summary of significant accounting policies [Line Items]            
Property, Plant and Equipment, Useful Life   40 years        
[1] Net of valuation allowance for uncollectible reinsurance.
[2] Includes $499 million attributable to noncontrolling interests