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Segment information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Operations By Segment
The following tables present the Statement of Operations by segment:
 
North America Commercial P&C Insurance

 
North America Personal P&C Insurance

 
North America Agricultural Insurance

 
Overseas General Insurance

 
Global
Reinsurance

 
Life Insurance

 
Corporate

 
Chubb
Consolidated

For the Three Months Ended
 
 
 
 
 
 
June 30, 2016
 
 
 
 
 
 
(in millions of U.S. dollars)
 
 
 
 
 
 
Net premiums written
$
3,245

 
$
1,231

 
$
375

 
$
2,031

 
$
230

 
$
527

 
$

 
$
7,639

Net premiums earned
3,148

 
1,140

 
327

 
2,093

 
185

 
512

 

 
7,405

Losses and loss expenses
1,971

 
661

 
284

 
1,089

 
87

 
147

 
15

 
4,254

Policy benefits

 

 

 

 

 
146

 

 
146

Policy acquisition costs
545

 
269

 
25

 
537

 
47

 
137

 

 
1,560

Administrative expenses
299

 
98

 
2

 
277

 
14

 
77

 
62

 
829

Underwriting income (loss)
333

 
112

 
16

 
190

 
37

 
5

 
(77
)
 
616

Net investment income (loss)
468

 
55

 
5

 
147

 
65

 
69

 
(101
)
 
708

Other (income) expense
(9
)
 
3

 

 
(5
)
 
(2
)
 

 
(16
)
 
(29
)
Segment income (loss)
810

 
164

 
21

 
342

 
104

 
74

 
(162
)
 
1,353

Net realized gains (losses) including OTTI
 
 
 
 
 
 
 
 
 
 
 
 
(216
)
 
(216
)
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
153

 
153

Amortization of purchased intangibles
 
 
 
 
 
 
 
 
 
 
 
 
5

 
5

Chubb integration expenses
 
 
 
 
 
 
 
 
 
 
 
 
98

 
98

Income tax expense
 
 
 
 
 
 
 
 
 
 
 
 
155

 
155

Net income (loss)
 
 
 
 
 
 
 
 
 
 
 
 
$
(789
)
 
$
726


 
North America Commercial P&C Insurance

 
North America Personal P&C Insurance

 
North America Agricultural Insurance

 
Overseas General Insurance

 
Global
Reinsurance

 
Life Insurance

 
Corporate

 
Chubb
Consolidated

For the Three Months Ended
 
 
 
 
 
June 30, 2015
 
 
 
 
 
(in millions of U.S. dollars)
 
 
 
 
 
Net premiums written
$
1,428

 
$
547

 
$
379

 
$
1,669

 
$
261

 
$
500

 
$

 
$
4,784

Net premiums earned
1,419

 
269

 
321

 
1,644

 
220

 
487

 

 
4,360

Losses and loss expenses
916

 
156

 
271

 
816

 
72

 
137

 
49

 
2,417

Policy benefits

 

 

 

 

 
153

 

 
153

Policy acquisition costs
131

 
(1
)
 
23

 
396

 
60

 
118

 

 
727

Administrative expenses
154

 
34

 
4

 
254

 
13

 
74

 
45

 
578

Underwriting income (loss)
218

 
80

 
23

 
178

 
75

 
5

 
(94
)
 
485

Net investment income
262

 
7

 
6

 
139

 
79

 
66

 
3

 
562

Other (income) expense
1

 

 
1

 
(4
)
 

 
(7
)
 
(29
)
 
(38
)
Segment income (loss)
479

 
87

 
28

 
321

 
154

 
78

 
(62
)
 
1,085

Net realized gains (losses) including OTTI


 
 
 
 
 
 
 
 
 
 
 
126

 
126

Interest expense


 
 
 
 
 
 
 
 
 
 
 
71

 
71

Amortization of purchased intangibles


 
 
 
 
 
 
 
 
 
 
 
55

 
55

Income tax expense


 
 
 
 
 
 
 
 
 
 
 
143

 
143

Net income (loss)


 
 
 
 
 
 
 
 
 
 
 
$
(205
)
 
$
942


 
North America Commercial P&C Insurance

 
North America Personal P&C Insurance

 
North America Agricultural Insurance

 
Overseas General Insurance

 
Global
Reinsurance

 
Life Insurance

 
Corporate

 
Chubb
Consolidated

For the Six Months Ended
 
 
 
 
 
 
June 30, 2016
 
 
 
 
 
 
(in millions of U.S. dollars)
 
 
 
 
 
 
Net premiums written
$
5,547

 
$
2,102

 
$
439

 
$
4,072

 
$
431

 
$
1,043

 
$

 
$
13,634

Net premiums earned
6,044

 
2,164

 
350

 
4,048

 
387

 
1,009

 

 
14,002

Losses and loss expenses
3,718

 
1,322

 
254

 
2,110

 
176

 
324

 
24

 
7,928

Policy benefits

 

 

 

 

 
272

 

 
272

Policy acquisition costs
1,027

 
518

 
29

 
1,040

 
100

 
259

 

 
2,973

Administrative expenses
565

 
186

 
(2
)
 
540

 
28

 
149

 
135

 
1,601

Underwriting income (loss)
734

 
138

 
69

 
358

 
83

 
5

 
(159
)
 
1,228

Net investment income (loss)
894

 
102

 
10

 
293

 
132

 
136

 
(185
)
 
1,382

Other (income) expense
(9
)
 
4

 

 
(10
)
 
(3
)
 
6

 
11

 
(1
)
Segment income (loss)
1,637

 
236

 
79

 
661

 
218

 
135

 
(355
)
 
2,611

Net realized gains (losses) including OTTI
 
 
 
 
 
 
 
 
 
 
 
 
(610
)
 
(610
)
Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
299

 
299

Amortization of purchased intangibles
 
 
 
 
 
 
 
 
 
 
 
 
12

 
12

Chubb integration expenses
 
 
 
 
 
 
 
 
 
 
 
 
246

 
246

Income tax expense
 
 
 
 
 
 
 
 
 
 
 
 
279

 
279

Net income (loss)
 
 
 
 
 
 
 
 
 
 
 
 
$
(1,801
)
 
$
1,165


 
North America Commercial P&C Insurance

 
North America Personal P&C Insurance

 
North America Agricultural Insurance

 
Overseas General Insurance

 
Global
Reinsurance

 
Life Insurance

 
Corporate

 
Chubb
Consolidated

For the Six Months Ended
 
 
 
 
 
June 30, 2015
 
 
 
 
 
(in millions of U.S. dollars)
 
 
 
 
 
Net premiums written
$
2,725

 
$
680

 
$
467

 
$
3,463

 
$
534

 
$
991

 
$

 
$
8,860

Net premiums earned
2,799

 
415

 
385

 
3,281

 
446

 
961

 

 
8,287

Losses and loss expenses
1,831

 
267

 
293

 
1,630

 
171

 
289

 
58

 
4,539

Policy benefits

 

 

 

 

 
295

 

 
295

Policy acquisition costs
261

 
30

 
19

 
785

 
114

 
225

 

 
1,434

Administrative expenses
305

 
53

 
3

 
510

 
25

 
147

 
89

 
1,132

Underwriting income (loss)
402

 
65

 
70

 
356

 
136

 
5

 
(147
)
 
887

Net investment income
520

 
12

 
12

 
277

 
154

 
132

 
6

 
1,113

Other (income) expense
(2
)
 

 
2

 
(6
)
 
(1
)
 
(16
)
 
(50
)
 
(73
)
Segment income (loss)
924

 
77

 
80

 
639

 
291

 
153

 
(91
)
 
2,073

Net realized gains (losses) including OTTI
 
 
 
 
 
 
 
 
 
 
 
 
37

 
37

Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
139

 
139

Amortization of purchased intangibles
 
 
 
 
 
 
 
 
 
 
 
 
85

 
85

Income tax expense
 
 
 
 
 
 
 
 
 
 
 
 
263

 
263

Net income (loss)
 
 
 
 
 
 
 
 
 
 
 
 
$
(541
)
 
$
1,623