Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Assets
Fixed maturities available for sale, at fair value (amortized cost – $80,119 and $79,323) (includes hybrid financial instruments of $6 and $9)	$ 82,410	$ 78,470
Fixed maturities held to maturity, at amortized cost (fair value – $13,177 and $13,259)	12,838	13,435
Equity securities, at fair value and cost	715	770
Short-term investments, at fair value and amortized cost	3,808	3,016
Other investments, at fair value and cost	5,968	5,277
Total investments	105,739	100,968
Cash	1,270	1,247
Restricted cash	98	93
Securities lending collateral	1,727	1,926
Accrued investment income	850	883
Insurance and reinsurance balances receivable	10,935	10,075
Reinsurance recoverable on losses and loss expenses	15,445	15,993
Reinsurance recoverable on policy benefits	201	202
Deferred policy acquisition costs	5,113	4,922
Value of business acquired	280	295
Goodwill	15,300	15,271
Other intangible assets	6,266	6,143
Prepaid reinsurance premiums	2,765	2,544
Investments in partially-owned insurance companies	1,050	678
Other assets	7,477	6,531
Total assets	174,516	167,771
Liabilities
Unpaid losses and loss expenses	63,205	62,960
Unearned premiums	16,403	15,532
Future policy benefits	5,568	5,506
Insurance and reinsurance balances payable	6,371	6,437
Securities lending payable	1,727	1,926
Accounts payable, accrued expenses, and other liabilities	11,639	10,472
Deferred tax liabilities	697	304
Repurchase agreements	1,416	1,418
Short-term debt	9	509
Long-term debt	13,371	12,087
Trust preferred securities	308	308
Total liabilities	120,714	117,459
Commitments and contingencies
Shareholders’ equity
Common Shares (CHF 24.15 par value; 479,783,864 shares issued; 455,918,715 and 459,203,378 shares outstanding)	11,121	11,121
Common Shares in treasury (23,865,149 and 20,580,486 shares)	(3,093)	(2,618)
Additional Paid in Capital, Common Stock	11,757	12,557
Retained earnings	33,878	31,700
Accumulated other comprehensive income (loss) (AOCI)	139	(2,448)
Total shareholders’ equity	53,802	50,312
Total liabilities and shareholders’ equity	$ 174,516	$ 167,771