Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Assets
Fixed maturities available for sale, at fair value, net of valuation allowance - $15 and $20 (amortized cost – $87,873 and $85,188)	$ 91,071	$ 90,699
Fixed maturities held to maturity, net carrying value	11,132	11,653
Equity securities, at fair value	4,405	4,027
Short-term investments	3,735	4,345
Other investments, at fair value	8,636	7,945
Total investments	118,979	118,669
Cash	1,684	1,747
Restricted cash	157	89
Securities lending collateral	2,076	1,844
Accrued investment income	857	867
Insurance and reinsurance balances receivable, net of valuation allowance - $43 and $44	10,573	10,480
Reinsurance recoverable on losses and loss expenses, net of valuation allowance - $317 and $314	15,914	15,592
Reinsurance recoverable on policy benefits	202	206
Deferred policy acquisition costs	5,443	5,402
Value of business acquired	258	263
Goodwill	15,412	15,400
Other intangible assets	5,749	5,811
Prepaid reinsurance premiums	2,835	2,769
Investments in partially-owned insurance companies	2,871	2,813
Other assets	8,967	8,822
Total assets	191,977	190,774
Liabilities
Unpaid losses and loss expenses	69,255	67,811
Unearned premiums	18,040	17,652
Future policy benefits	5,839	5,713
Insurance and reinsurance balances payable	6,566	6,708
Securities lending payable	2,076	1,844
Accounts payable, accrued expenses, and other liabilities	14,051	14,052
Deferred tax liabilities	482	892
Repurchase agreements	1,405	1,405
Long-term debt	14,879	14,948
Trust preferred securities	308	308
Total liabilities	132,901	131,333
Commitments and contingencies (refer to Note 7)
Shareholders’ equity
Common Shares (CHF 24.15 par value; 477,605,264 shares issued; 449,676,959 and 450,732,625 shares outstanding)	11,064	11,064
Common Shares in treasury (27,928,305 and 26,872,639 shares)	(3,901)	(3,644)
Additional Paid in Capital, Common Stock	9,318	9,815
Retained earnings	41,637	39,337
Accumulated other comprehensive income (AOCI)	958	2,869
Total shareholders’ equity	59,076	59,441
Total liabilities and shareholders’ equity	$ 191,977	$ 190,774