Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions		Sep. 30, 2025		Dec. 31, 2024
Assets
Short-term investments, at fair value (amortized cost – $4,381 and $5,143) (includes variable interest entities (VIE) balances of $164 and $57)		$ 4,380		$ 5,142
Fixed maturities available-for-sale, at fair value, net of valuation allowance – $50 and $70 (amortized cost – $123,726 and $115,083)		121,788		110,363
Private debt held-for-investment, at amortized cost, net of valuation allowance – $3 and $4		2,535		2,628
Equity securities, at fair value (includes VIE balances of $2,095 and $1,289)		10,377		9,151
Private equities (includes VIE balances of $22 and $22)		16,734		14,769
Other investments (includes VIE balances of $5,323 and $4,538)		10,182		8,597
Total investments		165,996		150,650
Cash, including restricted cash $213 and $261 (includes VIE balances of $205 and $114)		2,454		2,549
Securities lending collateral		1,899		1,445
Accrued investment income		1,427		1,160
Insurance and reinsurance balances receivable, net of valuation allowance – $60 and $59		16,305		14,426
Reinsurance recoverable on losses and loss expenses, net of valuation allowance – $326 and $310	[1]	20,227		19,777
Reinsurance recoverable on policy benefits	[1]	302		289
Deferred policy acquisition costs		9,809		8,358
Value of business acquired		3,144		3,223
Goodwill		20,237	[2]	19,579
Other intangible assets		6,318		6,377
Deferred tax assets		1,413		1,603
Prepaid reinsurance premiums		4,174		3,378
Separate account assets		6,810		6,231
Other assets (includes VIE balances of $95 and $26)		9,695		7,503
Total assets		270,210		246,548
Liabilities
Unpaid losses and loss expenses		88,439		84,004
Unearned premiums		26,961		23,504
Future policy benefits		18,288		16,121
Market risk benefits		666		607
Policyholders' account balances		8,539		8,016
Separate account liabilities		6,810		6,231
Insurance and reinsurance balances payable		8,475		8,121
Repurchase agreements (includes VIE balances of $789 and $815)		3,360		2,731
Securities lending payable		1,899		1,445
Accounts payable, accrued expenses, and other liabilities (includes VIE balances of $67 and $183)		9,582		10,192
Deferred tax liabilities		1,733		1,584
Short-term debt		1,499		800
Long-term debt		15,727		14,379
Hybrid debt		421		419
Total liabilities		192,399		178,154
Commitments and contingencies (refer to Note 13)
Shareholders’ equity
Common Shares (CHF 0.50 par value; 412,107,421 and 419,625,986 shares issued; 394,324,438 and 400,703,663 shares outstanding)		231		235
Common Shares in treasury (17,782,983 and 18,922,323 shares)		(3,682)		(3,524)
Additional paid-in capital		13,476		14,393
Retained earnings		66,722		61,561
Accumulated other comprehensive income (loss) (AOCI)		(4,892)		(8,644)
Total Chubb shareholders’ equity		71,855		64,021
Noncontrolling interests (includes VIE balances of $5,088 and $3,459)		5,956		4,373
Total shareholders' equity		77,811		68,394
Total liabilities and shareholders’ equity		$ 270,210		$ 246,548

[1] Net of valuation allowance for uncollectible reinsurance.

[2] Includes $460 million attributable to noncontrolling interests.