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Schedule II | 12 Months Ended
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Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT | CONDENSED FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS (Parent Company Only)
| December 31 |  |  | December 31 |
(in millions of U.S. dollars) | 2017 |  |  | 2016 |
Assets |  |  |
Investments in subsidiaries and affiliates on equity basis | $ | 41,909 |  |  | $ | 38,408 |
Short-term investments | — |  |  | 2 |
Other investments, at cost | — |  |  | 25 |
Total investments | 41,909 |  |  | 38,435 |
Cash | 3 |  |  | 1 |
Due from subsidiaries and affiliates, net | 9,639 |  |  | 10,482 |
Other assets | 3 |  |  | 3 |
Total assets | $ | 51,554 |  |  | $ | 48,921 |
Liabilities |  |  |
Affiliated notional cash pooling programs(1) | $ | — |  |  | $ | 363 |
Accounts payable, accrued expenses, and other liabilities | 382 |  |  | 283 |
Total liabilities | 382 |  |  | 646 |
Shareholders' equity |  |  |
Common Shares | 11,121 |  |  | 11,121 |
Common Shares in treasury | (1,944 | ) |  | (1,480 | )
Additional paid-in capital | 13,978 |  |  | 15,335 |
Retained earnings | 27,474 |  |  | 23,613 |
Accumulated other comprehensive income (loss) | 543 |  |  | (314 | )
Total shareholders' equity | 51,172 |  |  | 48,275 |
Total liabilities and shareholders' equity | $ | 51,554 |  |  | $ | 48,921 |
(1) Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information.
The condensed financial information should be read in conjunction with the consolidated financial statements and notes thereto.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF OPERATIONS (Parent Company Only)
| Year Ended December 31 |
(in millions of U.S. dollars) | 2017 |  |  | 2016 |  |  | 2015 |
Revenues |  |  |  |  |
Investment income, including interest income | $ | 336 |  |  | $ | 356 |  |  | $ | 35 |
Equity in net income of subsidiaries and affiliates | 3,640 |  |  | 3,901 |  |  | 2,673 |
| 3,976 |  |  | 4,257 |  |  | 2,708 |
Expenses |  |  |  |  |
Administrative and other (income) expense | 63 |  |  | 39 |  |  | (145 | )
Chubb integration expenses | 32 |  |  | 62 |  |  | 3 |
Income tax expense | 20 |  |  | 21 |  |  | 16 |
| 115 |  |  | 122 |  |  | (126 | )
Net income | $ | 3,861 |  |  | $ | 4,135 |  |  | $ | 2,834 |
Comprehensive income | $ | 4,718 |  |  | $ | 4,556 |  |  | $ | 908 |
The condensed financial information should be read in conjunction with the consolidated financial statements and notes thereto.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF CASH FLOWS (Parent Company Only)
| Year Ended December 31 |
(in millions of U.S. dollars) | 2017 |  |  | 2016 |  |  | 2015 |
Net cash flows from operating activities(1) | $ | 781 |  |  | $ | 3,618 |  |  | $ | 3,125 |
Cash flows from investing activities |  |  |  |  |
Capital contribution | — |  |  | (2,330 | ) |  | (2,670 | )
Net cash flows used for investing activities | — |  |  | (2,330 | ) |  | (2,670 | )
Cash flows from financing activities |  |  |  |  |
Dividends paid on Common Shares | (1,308 | ) |  | (1,173 | ) |  | (862 | )
Advances (to) from affiliates | 892 |  |  | 404 |  |  | (228 | )
Net proceeds from (payments to) affiliated notional cash pooling programs(2) | (363 | ) |  | (519 | ) |  | 636 |
Net cash flows used for financing activities | (779 | ) |  | (1,288 | ) |  | (454 | )
Net increase in cash | 2 |  |  | — |  |  | 1 |
Cash – beginning of year | 1 |  |  | 1 |  |  | — |
Cash – end of year | $ | 3 |  |  | $ | 1 |  |  | $ | 1 |
(1) Includes cash dividends received from subsidiaries of $450 million, $3.4 billion, and $2.9 billion in 2017, 2016, and 2015, respectively. (2) Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. The condensed financial information should be read in conjunction with the consolidated financial statements and notes thereto.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=96868048&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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