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Information provided in connection with outstanding debt of subsidiaries | 3 Months Ended
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Mar. 31, 2021
Disclosure Text Block Supplement [Abstract] |
Information provided in connection with outstanding debt of subsidiaries | Information provided in connection with outstanding debt of subsidiaries Chubb INA Holdings Inc. (Subsidiary Issuer) is an indirect 100 percent-owned and consolidated subsidiary of Chubb Limited (Parent Guarantor). The Parent Guarantor fully and unconditionally guarantees certain of the debt of the Subsidiary Issuer. Certain information included relates to our compliance with our debt covenants. The following table presents the condensed balance sheets of Chubb Limited and Chubb INA Holdings Inc.:
| Chubb Limited (Parent Guarantor) (1) |  | Chubb INA Holdings Inc. (Subsidiary Issuer)
(in millions of U.S. dollars) | March 31, 2021 |  | December 31, 2020 |  | March 31, 2021 |  | December 31, 2020
Assets |  |  |  |  |  |  |
Investments | $ | — |  |  | $ | — |  |  | $ | 206 |  |  | $ | 197 |
Cash | 23 |  |  | 84 |  |  | 1 |  |  | 1 |
Due from subsidiaries and affiliates, net | 3,510 |  |  | 3,522 |  |  | — |  |  | — |
Other assets | 8 |  |  | 10 |  |  | 415 |  |  | 463 |
Total assets | $ | 3,541 |  |  | $ | 3,616 |  |  | $ | 622 |  |  | $ | 661 |
Liabilities |  |  |  |  |  |  |
Due to subsidiaries and affiliates, net | $ | — |  |  | $ | — |  |  | $ | 3,079 |  |  | $ | 3,008 |
Affiliated notional cash pooling programs | — |  |  | — |  |  | 361 |  |  | 272 |
Long-term debt | — |  |  | — |  |  | 14,879 |  |  | 14,948 |
Trust preferred securities | — |  |  | — |  |  | 308 |  |  | 308 |
Other liabilities | 337 |  |  | 323 |  |  | 1,281 |  |  | 1,418 |
Total liabilities | 337 |  |  | 323 |  |  | 19,908 |  |  | 19,954 |
Total shareholders’ equity (2) | 3,204 |  |  | 3,293 |  |  | (19,286) |  |  | (19,293) |
Total liabilities and shareholders’ equity | $ | 3,541 |  |  | $ | 3,616 |  |  | $ | 622 |  |  | $ | 661 |
(1)Excludes investment in subsidiary issuer (presented separately). (2)Total shareholders' equity of Parent Guarantor excludes $55.9 billion and $56.1 billion of investment in subsidiaries, including Subsidiary Issuer, at March 31, 2021 and December 31, 2020, respectively. Total shareholders' equity of Subsidiary Issuer excludes $54.5 billion and $55.2 billion of investment in subsidiaries at March 31, 2021 and December 31, 2020, respectively. The following table presents the condensed statements of operations and comprehensive income of Chubb Limited and Chubb INA Holdings Inc.:
| Chubb Limited (Parent Guarantor) (1) |  | Chubb INA Holdings Inc. (Subsidiary Issuer)
Three Months Ended March 31 | 2021 |  | 2020 |  | 2021 |  | 2020
(in millions of U.S. dollars) |  |  |
Net investment income (loss) | $ | 1 |  |  | $ | (2) |  |  | $ | 1 |  |  | $ | 4 |
Net realized gains (loss) | 13 |  |  | (21) |  |  | 67 |  |  | 113 |
Administrative expenses | 22 |  |  | 24 |  |  | (52) |  |  | (38) |
Interest (income) expense | (34) |  |  | (34) |  |  | 145 |  |  | 148 |
Other (income) expense | (13) |  |  | (9) |  |  | (5) |  |  | 8 |
Income tax expense (benefit) | 11 |  |  | — |  |  | (22) |  |  | 7 |
Net income (loss) (2) | $ | 28 |  |  | $ | (4) |  |  | $ | 2 |  |  | $ | (8) |
Comprehensive income (loss) | $ | 28 |  |  | $ | (4) |  |  | $ | 1 |  |  | $ | (38) |
(1)Excludes investment in subsidiary issuer (presented separately). (2)Net income of Parent Guarantor excludes equity in earnings from investment in subsidiaries, including Subsidiary Issuer, of $2,272 million and $256 million for the three months ended March 31, 2021 and 2020, respectively. Net income of Subsidiary Issuer excludes equity in earnings from investment in subsidiaries of $1,031 million and $593 million for the three months ended March 31, 2021 and 2020, respectively

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