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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Assets    
Fixed maturities available for sale, at fair value (amortized cost - $41,661 and $40,450) (includes hybrid financial instruments of $400 and $357) $ 43,468 $ 41,967
Fixed maturities held to maturity, at amortized cost (fair value - $8,348 and $8,605) 8,117 8,447
Equity securities, at fair value (cost - $662 and $671) 679 647
Short-term investments, at fair value and amortized cost 2,099 2,301
Other investments (cost - $2,221 and $2,112) 2,429 2,314
Total investments 56,792 55,676
Cash 715 614
Securities lending collateral 2,204 1,375
Accrued investment income 561 547
Insurance and reinsurance balances receivable 4,487 4,387
Reinsurance recoverable on losses and loss expenses 12,057 12,389
Reinsurance recoverable on policy benefits 243 249
Deferred policy acquisition costs 1,649 1,548
Value of business acquired 669 676
Goodwill and other intangible assets 4,860 4,799
Prepaid reinsurance premiums 1,643 1,541
Deferred tax assets 568 673
Investments in partially-owned insurance companies (cost - $339 and $345) 346 352
Other assets 2,955 2,495
Total assets 89,749 87,321
Liabilities    
Unpaid losses and loss expenses 37,247 37,477
Unearned premiums 6,664 6,334
Future policy benefits 4,358 4,274
Insurance and reinsurance balances payable 3,454 3,542
Deposit liabilities 690 663
Securities lending payable 2,211 1,385
Payable for securities purchased 569 287
Accounts payable, accrued expenses, and other liabilities 3,724 3,948
Income taxes payable 201 159
Short-term debt 1,531 1,251
Long-term debt 3,360 3,360
Trust preferred securities 309 309
Total liabilities 64,318 62,989
Commitments and contingencies      
Shareholders' equity    
Common Shares (CHF 30.27 par value; 342,832,412 shares issued; 338,653,382 and 336,927,276 shares outstanding) 10,095 10,095
Common Shares in treasury (4,179,030 and 5,905,136 shares) (227) (327)
Additional paid-in capital 5,054 5,326
Retained earnings 8,300 7,327
Accumulated other comprehensive income (AOCI) 2,209 1,911
Total shareholders' equity 25,431 24,332
Total liabilities and shareholders' equity $ 89,749 $ 87,321