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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Assets    
Fixed maturities available for sale, at fair value (amortized cost - $79,536 and $43,149) (includes hybrid financial instruments of $2 and $31) $ 80,115 $ 43,587
Fixed maturities held to maturity, at amortized cost (fair value – $10,670 and $8,552) 10,644 8,430
Equity securities, at fair value (cost – $706 and $441) 814 497
Short-term investments, at fair value and amortized cost 3,002 10,446
Other investments (cost – $4,270 and $2,993) 4,519 3,291
Total investments 99,094 66,251
Cash [1] 985 [2] 1,775 [3],[4]
Securities lending collateral 1,092 1,046
Accrued investment income 918 513
Insurance and reinsurance balances receivable 8,970 5,323
Reinsurance recoverable on losses and loss expenses 13,577 11,386
Reinsurance recoverable on policy benefits 182 187
Deferred policy acquisition costs 4,314 2,873
Value of business acquired 355 395
Goodwill 15,332 4,796
Intangible Assets, Net (Excluding Goodwill) 6,763 887
Prepaid reinsurance premiums 2,448 2,082
Deferred Income Tax Assets, Net 0 318
Investments in partially-owned insurance companies 666 653
Other assets 5,090 3,821
Total assets 159,786 102,306
Liabilities    
Unpaid losses and loss expenses 60,540 37,303
Unearned premiums 14,779 8,439
Future policy benefits 5,036 4,807
Insurance and reinsurance balances payable 5,637 4,270
Securities lending payable 1,093 1,047
Accounts payable, accrued expenses, and other liabilities 8,617 6,205
Deferred Income Tax Liabilities, Net 988 0
Repurchase agreements 1,403 1,404
Short-term debt 500 0
Long-term debt 12,610 9,389
Trust preferred securities 308 307
Total liabilities 111,511 73,171
Commitments and contingencies
Shareholders' equity    
Common Shares (CHF 24.15 par value; 479,783,864 and 342,832,412 shares issued; 465,968,716 and 324,563,441 shares outstanding) 11,121 7,833
Common Shares in treasury (13,815,148 and 18,268,971 shares) (1,480) (1,922)
Additional paid-in capital 15,335 4,481
Retained earnings 23,613 19,478
Accumulated other comprehensive income (loss) (AOCI) (314) (735)
Total shareholders' equity 48,275 29,135
Total liabilities and shareholders’ equity $ 159,786 $ 102,306
[1] Chubb maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2016 and 2015, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[2] Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2016, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[3] Chubb maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2015 and 2014, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[4] Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2015, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.