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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Assets    
Fixed maturities available for sale, at fair value (amortized cost – $78,546 and $77,835)(includes hybrid financial instruments of $9 and $5) $ 77,963 $ 78,939
Fixed maturities held to maturity, at amortized cost (fair value – $13,665 and $14,474) 13,860 14,335
Equity securities, at fair value (cost – $933 and $737) 933 937
Short-term investments, at fair value and amortized cost 3,171 3,561
Other investments (cost – $5,259 and $4,417) 5,259 4,672
Total investments 101,186 102,444
Cash 1,000 [1] 728 [2]
Restricted Cash [1] 101 123
Securities lending collateral 2,355 1,737
Accrued investment income 870 909
Insurance and reinsurance balances receivable 10,341 9,334
Reinsurance Recoverable Losses And Loss Expenses 14,792 15,034
Reinsurance recoverable on policy benefits 204 184
Deferred policy acquisition costs 4,916 4,723
Value of business acquired 311 326
Goodwill 15,476 15,541
Other intangible assets 6,283 6,513
Prepaid reinsurance premiums 2,686 2,529
Investments in partially-owned insurance companies 675 662
Other assets 6,338 6,235
Total assets 167,534 167,022
Liabilities    
Unpaid losses and loss expenses 62,778 63,179
Unearned premiums 15,748 15,216
Future policy benefits 5,470 5,321
Insurance and reinsurance balances payable 6,448 5,868
Securities lending payable 2,355 1,737
Accounts payable, accrued expenses, and other liabilities 8,933 9,545
Deferred tax liabilities 326 699
Repurchase agreements 1,413 1,408
Short-term debt 600 1,013
Long-term debt 12,184 11,556
Trust preferred securities 308 308
Total liabilities 116,563 115,850
Commitments and contingencies
Shareholders’ equity    
Common Shares (CHF 24.15 par value; 479,783,864 shares issued; 463,502,164 and 463,833,179 shares outstanding) 11,121 11,121
Common Shares in treasury (16,281,700 and 15,950,685 shares) (2,040) (1,944)
Additional Paid in Capital, Common Stock 13,150 13,978
Retained earnings 30,260 27,474
Accumulated other comprehensive income (loss) (AOCI) (1,520) 543
Total shareholders’ equity 50,971 51,172
Total liabilities and shareholders’ equity $ 167,534 $ 167,022
[1] Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various Chubb entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual Chubb accounts are translated daily into a single currency and pooled on a notional basis. Individual Chubb entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At June 30, 2018, 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. Various Chubb entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual Chubb accounts are translated daily into a single currency and pooled on a notional basis. Individual Chubb entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At December 31, 2017, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.