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Information provided in connection with outstanding debt of subsidiaries (Tables)
 3 Months Ended
Mar. 31, 2015
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet at March 31, 2015
(in millions of U.S. dollars)
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE Limited
Consolidated

Assets
 
 
 
 
 
 
 
 
 
Investments
$
31

 
$
10

 
$
63,853

 
$
—

 
$
63,894

Cash(1)
2

 
366

 
658

 
(78
)
 
948

Insurance and reinsurance balances receivable
—

 
—

 
5,746

 
(720
)
 
5,026

Reinsurance recoverable on losses and loss expenses
—

 
—

 
20,292

 
(8,704
)
 
11,588

Reinsurance recoverable on policy benefits
—

 
—

 
1,171

 
(956
)
 
215

Value of business acquired
—

 
—

 
440

 
—

 
440

Goodwill and other intangible assets
—

 
—

 
5,516

 
—

 
5,516

Investments in subsidiaries
29,798

 
18,767

 
—

 
(48,565
)
 
—

Due from subsidiaries and affiliates, net
233

 
—

 
—

 
(233
)
 
—

Other assets
4

 
291

 
14,088

 
(3,612
)
 
10,771

Total assets
$
30,068

 
$
19,434

 
$
111,764

 
$
(62,868
)
 
$
98,398

Liabilities
 
 
 
 
 
 
 
 
 
Unpaid losses and loss expenses
$
—

 
$
—

 
$
45,518

 
$
(8,192
)
 
$
37,326

Unearned premiums
—

 
—

 
9,912

 
(1,730
)
 
8,182

Future policy benefits
—

 
—

 
5,700

 
(956
)
 
4,744

Due to subsidiaries and affiliates, net
—

 
103

 
130

 
(233
)
 
—

Affiliated notional cash pooling programs(1)
78

 
—

 
—

 
(78
)
 
—

Short-term debt
—

 
1,150

 
1,402

 
—

 
2,552

Long-term debt
—

 
4,145

 
12

 
—

 
4,157

Trust preferred securities
—

 
309

 
—

 
—

 
309

Other liabilities
288

 
1,434

 
12,818

 
(3,114
)
 
11,426

Total liabilities
366

 
7,141

 
75,492

 
(14,303
)
 
68,696

Total shareholders’ equity
29,702

 
12,293

 
36,272

 
(48,565
)
 
29,702

Total liabilities and shareholders’ equity
$
30,068

 
$
19,434

 
$
111,764

 
$
(62,868
)
 
$
98,398


(1) 
ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At March 31, 2015, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
 




Condensed Consolidating Balance Sheet at December 31, 2014

(in millions of U.S. dollars)
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE Limited
Consolidated

Assets
 
 
 
 
 
 
 
 
 
Investments
$
30

 
$
225

 
$
62,649

 
$
—

 
$
62,904

Cash(1)
—

 
1

 
1,209

 
(555
)
 
655

Insurance and reinsurance balances receivable
—

 
—

 
6,178

 
(752
)
 
5,426

Reinsurance recoverable on losses and loss expenses
—

 
—

 
20,992

 
(9,000
)
 
11,992

Reinsurance recoverable on policy benefits
—

 
—

 
1,194

 
(977
)
 
217

Value of business acquired
—

 
—

 
466

 
—

 
466

Goodwill and other intangible assets
—

 
—

 
5,724

 
—

 
5,724

Investments in subsidiaries
29,497

 
18,762

 
—

 
(48,259
)
 
—

Due from subsidiaries and affiliates, net
583

 
—

 
—

 
(583
)
 
—

Other assets
4

 
295

 
14,196

 
(3,631
)
 
10,864

Total assets
$
30,114

 
$
19,283

 
$
112,608

 
$
(63,757
)
 
$
98,248

Liabilities
 
 
 
 
 
 
 
 
 
Unpaid losses and loss expenses
$
—

 
$
—

 
$
46,770

 
$
(8,455
)
 
$
38,315

Unearned premiums
—

 
—

 
9,958

 
(1,736
)
 
8,222

Future policy benefits
—

 
—

 
5,731

 
(977
)
 
4,754

Due to subsidiaries and affiliates, net
—

 
422

 
161

 
(583
)
 
—

Affiliated notional cash pooling programs(1)
246

 
309

 
—

 
(555
)
 
—

Short-term debt
—

 
1,150

 
1,402

 
—

 
2,552

Long-term debt
—

 
3,345

 
12

 
—

 
3,357

Trust preferred securities
—

 
309

 
—

 
—

 
309

Other liabilities
281

 
1,404

 
12,659

 
(3,192
)
 
11,152

Total liabilities
527

 
6,939

 
76,693

 
(15,498
)
 
68,661

Total shareholders’ equity
29,587

 
12,344

 
35,915

 
(48,259
)
 
29,587

Total liabilities and shareholders’ equity
$
30,114

 
$
19,283

 
$
112,608

 
$
(63,757
)
 
$
98,248

(1) 
ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At December 31, 2014, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
Condensed Consolidating Statement Of Operations and Comprehensive Income
Condensed Consolidating Statements of Operations and Comprehensive Income
For the Three Months Ended March 31, 2015
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE
Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net premiums written
$
—

 
$
—

 
$
4,076

 
$
—

 
$
4,076

Net premiums earned
—

 
—

 
3,927

 
—

 
3,927

Net investment income
1

 
1

 
549

 
—

 
551

Equity in earnings of subsidiaries
648

 
204

 
—

 
(852
)
 
—

Net realized gains (losses) including OTTI
—

 
—

 
(89
)
 
—

 
(89
)
Losses and loss expenses
—

 
—

 
2,122

 
—

 
2,122

Policy benefits
—

 
—

 
142

 
—

 
142

Policy acquisition costs and administrative expenses
14

 
6

 
1,241

 
—

 
1,261

Interest (income) expense
(8
)
 
69

 
7

 
—

 
68

Other (income) expense
(41
)
 
(3
)
 
39

 
—

 
(5
)
Income tax expense (benefit)
3

 
(26
)
 
143

 
—

 
120

Net income
$
681

 
$
159

 
$
693

 
$
(852
)
 
$
681

Comprehensive income
$
642

 
$
24

 
$
654

 
$
(678
)
 
$
642


Condensed Consolidating Statements of Operations and Comprehensive Income
For the Three Months Ended March 31, 2014
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE
Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net premiums written
$
—

 
$
—

 
$
4,185

 
$
—

 
$
4,185

Net premiums earned
—

 
—

 
3,970

 
—

 
3,970

Net investment income
—

 
—

 
553

 
—

 
553

Equity in earnings of subsidiaries
702

 
180

 
—

 
(882
)
 
—

Net realized gains (losses) including OTTI
—

 
(1
)
 
(103
)
 
—

 
(104
)
Losses and loss expenses
—

 
—

 
2,161

 
—

 
2,161

Policy benefits
—

 
—

 
114

 
—

 
114

Policy acquisition costs and administrative expenses
17

 
6

 
1,240

 
—

 
1,263

Interest (income) expense
(10
)
 
71

 
10

 
—

 
71

Other (income) expense
(42
)
 
14

 
11

 
—

 
(17
)
Income tax expense (benefit)
3

 
(30
)
 
120

 
—

 
93

Net income
$
734

 
$
118

 
$
764

 
$
(882
)
 
$
734

Comprehensive income
$
1,108

 
$
266

 
$
1,138

 
$
(1,404
)
 
$
1,108
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2015
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE
Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net cash flows from operating activities
$
48

 
$
4

 
$
1,023

 
$
—

 
$
1,075

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Purchases of fixed maturities available for sale
—

 
—

 
(4,336
)
 
—

 
(4,336
)
Purchases of fixed maturities held to maturity
—

 
—

 
(21
)
 
—

 
(21
)
Purchases of equity securities
—

 
—

 
(39
)
 
—

 
(39
)
Sales of fixed maturities available for sale
—

 
—

 
2,002

 
—

 
2,002

Sales of equity securities
—

 
—

 
28

 
—

 
28

Maturities and redemptions of fixed maturities available for sale
—

 
—

 
1,481

 
—

 
1,481

Maturities and redemptions of fixed maturities held to maturity
—

 
—

 
324

 
—

 
324

Net change in short-term investments
—

 
216

 
(471
)
 
—

 
(255
)
Net derivative instruments settlements
—

 
—

 
(51
)
 
—

 
(51
)
Other
—

 
—

 
(153
)
 
—

 
(153
)
Net cash flows from (used for) investing activities
—

 
216

 
(1,236
)
 
—

 
(1,020
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(214
)
 
—

 
—

 
—

 
(214
)
Common Shares repurchased
—

 
—

 
(347
)
 
—

 
(347
)
Proceeds from issuance of long-term debt
—

 
800

 
—

 
—

 
800

Proceeds from issuance of short-term debt
—

 
—

 
477

 
—

 
477

Repayment of short-term debt
—

 
—

 
(477
)
 
—

 
(477
)
Proceeds from share-based compensation plans, including windfall tax benefits
—

 
—

 
39

 
—

 
39

Advances (to) from affiliates
336

 
(340
)
 
4

 
—

 
—

Net payments to affiliated notional cash pooling programs(1)
(168
)
 
(309
)
 
—

 
477

 
—

Policyholder contract deposits
—

 
—

 
101

 
—

 
101

Policyholder contract withdrawals
—

 
—

 
(40
)
 
—

 
(40
)
Other
—

 
(6
)
 
—

 
—

 
(6
)
Net cash flows (used for) from financing activities
(46
)
 
145

 
(243
)
 
477

 
333

Effect of foreign currency rate changes on cash and cash equivalents
—

 
—

 
(95
)
 
—

 
(95
)
Net increase (decrease) in cash
2

 
365

 
(551
)
 
477

 
293

Cash – beginning of period(1)
—

 
1

 
1,209

 
(555
)
 
655

Cash – end of period(1)
$
2

 
$
366

 
$
658

 
$
(78
)
 
$
948

(1) 
ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At March 31, 2015 and December 31, 2014, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.

Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2014
ACE
Limited
(Parent
Guarantor)

 
ACE INA
Holdings Inc.
(Subsidiary
Issuer)

 
Other ACE
Limited
Subsidiaries

 
Consolidating
Adjustments and Eliminations

 
ACE
Limited
Consolidated

(in millions of U.S. dollars)
 
 
 
 
Net cash flows from (used for) operating activities
$
57

 
$
(13
)
 
$
1,206

 
$
—

 
$
1,250

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Purchases of fixed maturities available for sale
—

 
—

 
(3,522
)
 
—

 
(3,522
)
Purchases of fixed maturities held to maturity
—

 
—

 
(30
)
 
—

 
(30
)
Purchases of equity securities
—

 
—

 
(37
)
 
—

 
(37
)
Sales of fixed maturities available for sale
—

 
—

 
2,208

 
—

 
2,208

Sales of equity securities
—

 
—

 
27

 
—

 
27

Maturities and redemptions of fixed maturities available for sale
—

 
—

 
1,550

 
—

 
1,550

Maturities and redemptions of fixed maturities held to maturity
—

 
—

 
212

 
—

 
212

Net change in short-term investments
—

 
(8
)
 
(757
)
 
—

 
(765
)
Net derivative instruments settlements
—

 
(9
)
 
(87
)
 
—

 
(96
)
Other
—

 
(3
)
 
(47
)
 
—

 
(50
)
Net cash flows used for investing activities
—

 
(20
)
 
(483
)
 
—

 
(503
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Dividends paid on Common Shares
(214
)
 
—

 
—

 
—

 
(214
)
Common Shares repurchased
—

 
—

 
(335
)
 
—

 
(335
)
Proceeds from issuance of short-term debt
—

 
—

 
426

 
—

 
426

Repayment of short-term debt
—

 
—

 
(426
)
 
—

 
(426
)
Proceeds from share-based compensation plans, including windfall tax benefits
—

 
—

 
40

 
—

 
40

Advances (to) from affiliates
367

 
(367
)
 
—

 
—

 
—

Net proceeds from (payments to) affiliated notional cash pooling programs(1)
(185
)
 
385

 
—

 
(200
)
 
—

Policyholder contract deposits
—

 
—

 
51

 
—

 
51

Policyholder contract withdrawals
—

 
—

 
(14
)
 
—

 
(14
)
Net cash flows (used for) from financing activities
(32
)
 
18

 
(258
)
 
(200
)
 
(472
)
Effect of foreign currency rate changes on cash and cash equivalents
—

 
—

 
(7
)
 
—

 
(7
)
Net increase (decrease) in cash
25

 
(15
)
 
458

 
(200
)
 
268

Cash – beginning of period(1)
—

 
16

 
748

 
(185
)
 
579

Cash – end of period(1)
$
25

 
$
1

 
$
1,206

 
$
(385
)
 
$
847


(1) 
ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At March 31, 2014 and December 31, 2013, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.