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Consolidated Statements Of Operations and Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Net premiums written $ 47,361 $ 41,720 $ 37,827
Increase in unearned premiums (1,649) (1,360) (1,535)
Net premiums earned 45,712 40,360 36,292
Net investment income 4,937 3,742 3,456
Net realized gains (losses) (607) (1,085) 1,030
Market risk benefits gains (losses) (307) 80 91
Total revenues 49,735 43,097 40,869
Expenses      
Losses and loss expenses 24,100 22,572 21,030
Policy benefits (includes remeasurement gains of $19, $3, and nil) 3,628 2,314 1,740
Policy acquisition costs 8,259 7,339 6,758
Administrative expenses 4,007 3,395 3,135
Interest expense 672 570 492
Other (income) expense (836) 89 (2,367)
Amortization of purchased intangibles 310 285 287
Cigna integration expenses 69 48 0
Total expenses 40,209 36,612 31,075
Income before income tax 9,526 6,485 9,794
Income tax expense 511 1,239 1,269
Net income 9,015 5,246 8,525
Net loss attributable to noncontrolling interests (13) 0 0
Net income attributable to Chubb 9,028 5,246 8,525
Other comprehensive income (loss):      
Unrealized appreciation (depreciation) 3,448 (10,578) (2,938)
Current discount rate on future policy benefits 84 1,480 387
Instrument-specific credit risk on market risk benefits 2 33 27
Cumulative foreign currency translation adjustment (13) (911) (505)
Other, including postretirement benefit liability adjustment 157 (100) 522
Other comprehensive income (loss), before income tax 3,678 (10,076) (2,507)
Income tax (expense) benefit related to OCI items (317) 965 366
Other comprehensive income (loss) 3,361 (9,111) (2,141)
Comprehensive income (loss) 12,376 (3,865) 6,384
Comprehensive loss attributable to noncontrolling interests (28) 0 0
Comprehensive income (loss) attributable to Chubb $ 12,404 $ (3,865) $ 6,384
Earnings per share      
Basic earnings per share attributable to Chubb $ 21.97 $ 12.50 $ 19.38
Diluted earnings per share attributable to Chubb $ 21.80 $ 12.39 $ 19.24