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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 3,962 $ 3,861 $ 4,135
Adjustments to reconcile net income to net cash flows from operating activities      
Realized Gain (Loss) 652    
Realized Investment Gains (Losses)   (84) 145
Amortization of premiums/discounts on fixed maturities 592 694 737
Amortization of purchased intangibles 339 260 1,578
Deferred income taxes 16 (527) 96
Unpaid losses and loss expenses 570 2,137 332
Unearned premiums 654 264 (680)
Future policy benefits 235 217 188
Insurance and reinsurance balances payable 722 271 848
Accounts payable, accrued expenses, and other liabilities 375 (517) (97)
Income taxes payable 161 (365) 147
Insurance and reinsurance balances receivable (981) (243) (616)
Reinsurance recoverable (1,165) (1,248) (358)
Deferred policy acquisition costs (301) (317) (1,449)
Other (351) 100 286
Net cash flows from operating activities 5,480 4,503 5,292
Cash flows from investing activities      
Purchases of fixed maturities available for sale (24,700) (25,720) (30,759)
Purchases of to be announced mortgage-backed securities (35) (27) (56)
Purchases of fixed maturities held to maturity (456) (352) (282)
Payments to acquire equity securities (207)    
Purchases of equity securities (207) (173) (146)
Sales of fixed maturities available for sale 14,001 13,228 16,621
Sales of to be announced mortgage-backed securities 29 27 56
Proceeds from Sale of Equity Securities 315    
Sales of equity securities 315 187 1,000
Maturities and redemptions of fixed maturities available for sale 7,352 10,425 9,349
Maturities and redemptions of fixed maturities held to maturity 1,124 879 958
Net change in short-term investments 516 (537) 12,350
Net derivative instruments settlements 16 (265) (168)
Private equity contributions (1,337) (648) (553)
Private equity distributions 980 1,084 958
Acquisition of subsidiaries (net of cash acquired of $X, nil, and $71)     (14,248)
Other (533) (530) (402)
Net cash flows used for investing activities (2,935) (2,422) (5,322)
Cash flows from financing activities      
Dividends paid on Common Shares (1,337) (1,308) (1,173)
Common Shares repurchased (1,044) (801)  
Proceeds from issuance of long-term debt 2,171 0  
Proceeds from issuance of repurchase agreements 2,029 2,353 2,310
Repayments of Long-term Debt (2,001) (501) 0
Repayment of repurchase agreements (2,019) (2,348) (2,311)
Proceeds from share-based compensation plans 115 151 167
Policyholder contract deposits 453 442 522
Policyholder contract withdrawals (358) (307) (253)
Other 0 0 (4)
Net cash flows used for financing activities (1,991) (2,319) (742)
Effect of foreign currency rate changes on cash and restricted cash (65) 1 (25)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 489 (237) (797)
Cash and restricted cash - beginning of year 851 [1],[2] 1,088 [2],[3] 1,885 [3]
Cash and restricted cash - end of year [2] 1,340 851 [1] 1,088 [3]
Supplemental cash flow information      
Taxes paid 503 736 662
Interest paid $ 621 $ 644 $ 642
[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, 2017 and 2016, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[2] 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, 2018 and 2017, 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, 2016 and 2015, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.