XML 107 R48.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Segment information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Operations By Segment |
For the Year Ended December 31, 2019 (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 |  |  | Chubb Consolidated |
Net premiums written | $ | 13,375 |  |  | $ | 4,787 |  |  | $ | 1,810 |  |  | $ | 9,262 |  |  | $ | 649 |  |  | $ | 2,392 |  |  | $ | — |  |  | $ | 32,275 |
Net premiums earned | 12,922 |  |  | 4,694 |  |  | 1,795 |  |  | 8,882 |  |  | 654 |  |  | 2,343 |  |  | — |  |  | 31,290 |
Losses and loss expenses | 8,206 |  |  | 3,043 |  |  | 1,608 |  |  | 4,606 |  |  | 352 |  |  | 757 |  |  | 158 |  |  | 18,730 |
Policy benefits | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 740 |  |  | — |  |  | 740 |
Policy acquisition costs | 1,831 |  |  | 948 |  |  | 84 |  |  | 2,501 |  |  | 169 |  |  | 620 |  |  | — |  |  | 6,153 |
Administrative expenses | 1,028 |  |  | 286 |  |  | 6 |  |  | 1,033 |  |  | 35 |  |  | 323 |  |  | 319 |  |  | 3,030 |
Underwriting income (loss) | 1,857 |  |  | 417 |  |  | 97 |  |  | 742 |  |  | 98 |  |  | (97 | ) |  | (477 | ) |  | 2,637 |
Net investment income (loss) | 2,082 |  |  | 258 |  |  | 30 |  |  | 588 |  |  | 220 |  |  | 373 |  |  | (125 | ) |  | 3,426 |
Other (income) expense | (3 | ) |  | 3 |  |  | 1 |  |  | 12 |  |  | (58 | ) |  | (92 | ) |  | (459 | ) |  | (596 | )
Amortization expense of purchased intangibles | — |  |  | 12 |  |  | 28 |  |  | 45 |  |  | — |  |  | 2 |  |  | 218 |  |  | 305 |
Segment income (loss) | $ | 3,942 |  |  | $ | 660 |  |  | $ | 98 |  |  | $ | 1,273 |  |  | $ | 376 |  |  | $ | 366 |  |  | $ | (361 | ) |  | $ | 6,354 |
Net realized gains (losses) including OTTI |  |  |  |  |  |  |  |  |  |  |  |  | (530 | ) |  | (530 | )
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  | 552 |  |  | 552 |
Chubb integration expenses |  |  |  |  |  |  |  |  |  |  |  |  | 23 |  |  | 23 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  | 795 |  |  | 795 |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (2,261 | ) |  | $ | 4,454 |
For the Year Ended December 31, 2018 (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 |  |  | Chubb Consolidated |
Net premiums written | $ | 12,485 |  |  | $ | 4,674 |  |  | $ | 1,577 |  |  | $ | 8,902 |  |  | $ | 671 |  |  | $ | 2,270 |  |  | $ | — |  |  | $ | 30,579 |
Net premiums earned | 12,402 |  |  | 4,593 |  |  | 1,569 |  |  | 8,612 |  |  | 670 |  |  | 2,218 |  |  | — |  |  | 30,064 |
Losses and loss expenses | 8,000 |  |  | 3,229 |  |  | 1,111 |  |  | 4,429 |  |  | 479 |  |  | 766 |  |  | 53 |  |  | 18,067 |
Policy benefits | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 590 |  |  | — |  |  | 590 |
Policy acquisition costs | 1,829 |  |  | 939 |  |  | 79 |  |  | 2,346 |  |  | 162 |  |  | 557 |  |  | — |  |  | 5,912 |
Administrative expenses | 966 |  |  | 269 |  |  | (9 | ) |  | 1,014 |  |  | 41 |  |  | 310 |  |  | 295 |  |  | 2,886 |
Underwriting income (loss) | 1,607 |  |  | 156 |  |  | 388 |  |  | 823 |  |  | (12 | ) |  | (5 | ) |  | (348 | ) |  | 2,609 |
Net investment income (loss) | 2,033 |  |  | 236 |  |  | 28 |  |  | 619 |  |  | 257 |  |  | 341 |  |  | (209 | ) |  | 3,305 |
Other (income) expense | (25 | ) |  | 1 |  |  | 2 |  |  | — |  |  | (32 | ) |  | 26 |  |  | (406 | ) |  | (434 | )
Amortization expense of purchased intangibles | — |  |  | 13 |  |  | 28 |  |  | 41 |  |  | — |  |  | 2 |  |  | 255 |  |  | 339 |
Segment income (loss) | $ | 3,665 |  |  | $ | 378 |  |  | $ | 386 |  |  | $ | 1,401 |  |  | $ | 277 |  |  | $ | 308 |  |  | $ | (406 | ) |  | $ | 6,009 |
Net realized gains (losses) including OTTI |  |  |  |  |  |  |  |  |  |  |  |  |  | (652 | ) |  | (652 | )
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  | 641 |  |  | 641 |
Chubb integration expenses |  |  |  |  |  |  |  |  |  |  |  |  | 59 |  |  | 59 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  | 695 |  |  | 695 |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (2,453 | ) |  | $ | 3,962 |
For the Year Ended December 31, 2017 (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 |  |  | Chubb Consolidated |
Net premiums written | $ | 12,019 |  |  | $ | 4,533 |  |  | $ | 1,516 |  |  | $ | 8,350 |  |  | $ | 685 |  |  | $ | 2,141 |  |  | $ | — |  |  | $ | 29,244 |
Net premiums earned | 12,191 |  |  | 4,399 |  |  | 1,508 |  |  | 8,131 |  |  | 704 |  |  | 2,101 |  |  | — |  |  | 29,034 |
Losses and loss expenses | 8,287 |  |  | 3,265 |  |  | 1,036 |  |  | 4,281 |  |  | 561 |  |  | 739 |  |  | 285 |  |  | 18,454 |
Policy benefits | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 676 |  |  | — |  |  | 676 |
Policy acquisition costs | 1,873 |  |  | 899 |  |  | 81 |  |  | 2,221 |  |  | 177 |  |  | 530 |  |  | — |  |  | 5,781 |
Administrative expenses | 981 |  |  | 264 |  |  | (8 | ) |  | 982 |  |  | 44 |  |  | 303 |  |  | 267 |  |  | 2,833 |
Underwriting income (loss) | 1,050 |  |  | (29 | ) |  | 399 |  |  | 647 |  |  | (78 | ) |  | (147 | ) |  | (552 | ) |  | 1,290 |
Net investment income (loss) | 1,961 |  |  | 226 |  |  | 25 |  |  | 610 |  |  | 273 |  |  | 313 |  |  | (283 | ) |  | 3,125 |
Other (income) expense | 1 |  |  | 4 |  |  | 2 |  |  | (4 | ) |  | (1 | ) |  | (84 | ) |  | (318 | ) |  | (400 | )
Amortization expense of purchased intangibles | — |  |  | 16 |  |  | 29 |  |  | 45 |  |  | — |  |  | 2 |  |  | 168 |  |  | 260 |
Segment income (loss) | $ | 3,010 |  |  | $ | 177 |  |  | $ | 393 |  |  | $ | 1,216 |  |  | $ | 196 |  |  | $ | 248 |  |  | $ | (685 | ) |  | $ | 4,555 |
Net realized gains (losses) including OTTI |  |  |  |  |  |  |  |  |  |  |  |  | 84 |  |  | 84 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  | 607 |  |  | 607 |
Chubb integration expenses |  |  |  |  |  |  |  |  |  |  |  |  | 310 |  |  | 310 |
Income tax benefit |  |  |  |  |  |  |  |  |  |  |  |  | (139 | ) |  | (139 | )
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1,379 | ) |  | $ | 3,861 |
Net Premiums Earned For Segment By Product | The following table presents net premiums earned for each segment by line of business:
| For the Year Ended December 31 |
(in millions of U.S. dollars) | 2019 |  |  | 2018 |  |  | 2017 |
North America Commercial P&C Insurance |  |  |  |  |
Property & other short-tail lines | $ | 1,987 |  |  | $ | 1,861 |  |  | $ | 1,899 |
Casualty & all other | 10,136 |  |  | 9,773 |  |  | 9,554 |
A&H | 799 |  |  | 768 |  |  | 738 |
Total North America Commercial P&C Insurance | 12,922 |  |  | 12,402 |  |  | 12,191 |
North America Personal P&C Insurance |  |  |  |  |
Personal automobile | 829 |  |  | 803 |  |  | 742 |
Personal homeowners | 3,183 |  |  | 3,127 |  |  | 3,014 |
Personal other | 682 |  |  | 663 |  |  | 643 |
Total North America Personal P&C Insurance | 4,694 |  |  | 4,593 |  |  | 4,399 |
North America Agricultural Insurance | 1,795 |  |  | 1,569 |  |  | 1,508 |
Overseas General Insurance |  |  |  |  |
Property & other short-tail lines | 2,244 |  |  | 2,134 |  |  | 2,076 |
Casualty & all other | 2,494 |  |  | 2,429 |  |  | 2,266 |
Personal lines | 1,896 |  |  | 1,784 |  |  | 1,609 |
A&H | 2,248 |  |  | 2,265 |  |  | 2,180 |
Total Overseas General Insurance | 8,882 |  |  | 8,612 |  |  | 8,131 |
Global Reinsurance |  |  |  |  |
Property & other short-tail lines | 131 |  |  | 123 |  |  | 132 |
Property catastrophe | 142 |  |  | 170 |  |  | 198 |
Casualty & all other | 381 |  |  | 377 |  |  | 374 |
Total Global Reinsurance | 654 |  |  | 670 |  |  | 704 |
Life Insurance |  |  |  |  |
Life | 1,101 |  |  | 1,022 |  |  | 980 |
A&H | 1,242 |  |  | 1,196 |  |  | 1,121 |
Total Life Insurance | 2,343 |  |  | 2,218 |  |  | 2,101 |
Total net premiums earned | $ | 31,290 |  |  | $ | 30,064 |  |  | $ | 29,034 |
Net Premiums Earned by Geographic Region |
| North America |  |  | Europe (1) |  |  | Asia Pacific / Far East |  |  | Latin America |
2019 | 70 | % |  | 11 | % |  | 12 | % |  | 7 | %
2018 | 70 | % |  | 11 | % |  | 12 | % |  | 7 | %
2017 | 70 | % |  | 11 | % |  | 12 | % |  | 7 | %

X
- Definition Schedule showing the net premiums earned by product offering. + References No definition available. + Details
Name: | cb_ScheduleOfNetPremiumsEarnedByProductOfferingTableTextBlock
Namespace Prefix: | cb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration