Information provided in connection with outstanding debt of subsidiaries (Tables)

3 Months Ended

Mar. 31, 2021

Table Text Block Supplement [Abstract]

The following table presents the condensed balance sheets of Chubb Limited and Chubb INA Holdings Inc.:


	Chubb Limited (Parent Guarantor) (1)				Chubb INA Holdings Inc. (Subsidiary Issuer)
(in millions of U.S. dollars)	March 31, 2021		December 31, 2020		March 31, 2021		December 31, 2020
Assets
Investments	$	—	$	—	$	206	$	197
Cash	23		84		1		1

Due from subsidiaries and affiliates, net	3,510		3,522		—		—
Other assets	8		10		415		463
Total assets	$	3,541	$	3,616	$	622	$	661
Liabilities
Due to subsidiaries and affiliates, net	$	—	$	—	$	3,079	$	3,008
Affiliated notional cash pooling programs	—		—		361		272

Long-term debt	—		—		14,879		14,948
Trust preferred securities	—		—		308		308
Other liabilities	337		323		1,281		1,418
Total liabilities	337		323		19,908		19,954
Total shareholders’ equity (2)	3,204		3,293		(19,286)		(19,293)
Total liabilities and shareholders’ equity	$	3,541	$	3,616	$	622	$	661

(1)Excludes investment in subsidiary issuer (presented separately).

(2)Total shareholders' equity of Parent Guarantor excludes $55.9 billion and $56.1 billion of investment in subsidiaries, including Subsidiary Issuer, at March 31, 2021 and December 31, 2020, respectively. Total shareholders' equity of Subsidiary Issuer excludes $54.5 billion and $55.2 billion of investment in subsidiaries at March 31, 2021 and December 31, 2020, respectively.

Condensed Consolidating Statement Of Operations and Comprehensive Income

The following table presents the condensed statements of operations and comprehensive income of Chubb Limited and Chubb INA Holdings Inc.:


	Chubb Limited (Parent Guarantor) (1)				Chubb INA Holdings Inc. (Subsidiary Issuer)
Three Months Ended March 31	2021		2020		2021		2020
(in millions of U.S. dollars)
Net investment income (loss)	$	1	$	(2)	$	1	$	4

Net realized gains (loss)	13		(21)		67		113
Administrative expenses	22		24		(52)		(38)
Interest (income) expense	(34)		(34)		145		148
Other (income) expense	(13)		(9)		(5)		8
Income tax expense (benefit)	11		—		(22)		7
Net income (loss) (2)	$	28	$	(4)	$	2	$	(8)
Comprehensive income (loss)	$	28	$	(4)	$	1	$	(38)

(1)Excludes investment in subsidiary issuer (presented separately).

(2)Net income of Parent Guarantor excludes equity in earnings from investment in subsidiaries, including Subsidiary Issuer, of $2,272 million and $256 million for the three months ended March 31, 2021 and 2020, respectively. Net income of Subsidiary Issuer excludes equity in earnings from investment in subsidiaries of $1,031 million and $593 million for the three months ended March 31, 2021 and 2020, respectively.