Segment information (Tables)

3 Months Ended

Mar. 31, 2024

The following tables present the Statement of Operations by segment:


For the Three Months Ended March 31, 2024 (in millions of U.S. dollars)	North America Commercial P&C Insurance		North America Personal P&C Insurance		North America Agricultural Insurance		Overseas General Insurance		Global Reinsurance		Life Insurance		Corporate		Segment Measure Reclass		Chubb Consolidated



Net premiums written	$	4,689	$	1,456	$	249	$	3,835	$	359	$	1,633	$	—	$	—	$	12,221
Net premiums earned	4,880		1,471		128		3,198		295		1,611		—		—		11,583
Losses and loss expenses	3,175		899		49		1,426		137		32		10		(1)		5,727
Policy benefits	—		—		—		100		—		1,070		—		10		1,180
Policy acquisition costs	688		300		21		823		81		294		—		—		2,207
Administrative expenses	328		86		2		331		9		207		107				1,070
Underwriting income (loss)	689		186		56		518		68		8		(117)		(9)		1,399
Net investment income	826		102		21		267		57		230		(26)		(86)		1,391
Other (income) expense	7		1		—		5		—		(40)		(68)		(96)		(191)
Amortization expense of purchased intangibles	—		2		6		20		—		10		42		—		80
Segment income (loss)	$	1,508	$	285	$	71	$	760	$	125	$	268	$	(117)	$	1	$	2,901
Net realized gains (losses)													(100)		(1)		(101)
Market risk benefits gains (losses)													21		—		21
Interest expense													178		—		178
Cigna integration expenses													7		—		7
Income tax expense													342		—		342
Net income (loss)													(723)		—		2,294
Net loss attributable to noncontrolling interests													151		—		151
Net income (loss) attributable to Chubb													$	(874)	$	—	$	2,143


For the Three Months Ended March 31, 2023 (in millions of U.S. dollars)	North America Commercial P&C Insurance		North America Personal P&C Insurance		North America Agricultural Insurance		Overseas General Insurance		Global Reinsurance		Life Insurance		Corporate		Segment Measure Reclass		Chubb Consolidated



Net premiums written	$	4,288	$	1,296	$	293	$	3,263	$	277	$	1,293	$	—	$	—	$	10,710
Net premiums earned	4,369		1,320		159		2,786		244		1,264		—		—		10,142
Losses and loss expenses	2,729		888		140		1,237		112		32		11		(1)		5,148
Policy benefits	—		—		—		110		—		712		—		(25)		797
Policy acquisition costs	613		272		15		713		62		273		—		—		1,948
Administrative expenses	295		79		3		280		9		167		97		—		930
Underwriting income (loss)	732		81		1		446		61		80		(108)		26		1,319
Net investment income	698		82		17		188		49		153		11		(91)		1,107
Other (income) expense	7		1		1		(9)		(1)		(15)		(214)		(66)		(296)
Amortization expense of purchased intangibles	—		2		6		18		—		4		42		—		72
Segment income	$	1,423	$	160	$	11	$	625	$	111	$	244	$	75	$	1	$	2,650
Net realized gains (losses)													(76)		(1)		(77)
Market risk benefits gains (losses)													(115)		—		(115)
Interest expense													160		—		160
Cigna integration expenses													22		—		22
Income tax expense													384		—		384
Net income (loss)													$	(682)	$	—	$	1,892