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Shareholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2022
Stockholders' Equity Note [Abstract] |
Share Repurchase Program [Table Text Block] | The following table presents repurchases of Chubb's Common Shares conducted in a series of open market transactions under the Board authorizations:
| Three Months Ended |  | Nine Months Ended |  |
| September 30 |  | September 30 |
(in millions of U.S. dollars, except share data) | 2022 |  | 2021 |  | 2022 |  | 2021 |
Number of shares repurchased | 3,676,528 |  |  | 8,412,000 |  |  | 14,022,728 |  |  | 22,877,400 |  |  |
Cost of shares repurchased | $ | 685 |  |  | $ | 1,516 |  |  | $ | 2,815 |  |  | $ | 3,956 |  |  |
Repurchase authorization remaining at end of period | $ | 1,816 |  |  | $ | 3,551 |  |  | $ | 1,816 |  |  | $ | 3,551 |  |  |
Dividends Declared | The following table presents dividend distributions per Common Share in Swiss francs (CHF) and U.S. dollars (USD):
| Three Months Ended |  | Nine Months Ended
| September 30 |  | September 30
| 2022 |  | 2021 |  | 2022 |  | 2021
CHF |  | USD |  | CHF |  | USD |  | CHF |  | USD |  | CHF |  | USD
Total dividend distributions per common share | 0.78 |  |  | $ | 0.83 |  |  | 0.73 |  |  | $ | 0.80 |  |  | 2.32 |  |  | $ | 2.46 |  |  | 2.14 |  |  | $ | 2.38 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents changes in accumulated other comprehensive income (loss):
| Three Months Ended |  | Nine Months Ended
| September 30 |  | September 30
(in millions of U.S. dollars) | 2022 |  | 2021 |  | 2022 |  | 2021
Accumulated other comprehensive income (loss) (AOCI) |  |  |  |  |  |  |
Net unrealized appreciation (depreciation) on investments |  |  |  |  |  |  |
Balance – beginning of period, net of tax | $ | (5,713) |  |  | $ | 3,342 |  |  | $ | 2,256 |  |  | $ | 4,673 |
Change in period, before reclassification from AOCI (before tax) | (3,324) |  |  | (564) |  |  | (12,898) |  |  | (2,151) |
Amounts reclassified from AOCI (before tax) | 279 |  |  | 10 |  |  | 857 |  |  | (26) |
Change in period, before tax | (3,045) |  |  | (554) |  |  | (12,041) |  |  | (2,177) |
Income tax benefit | 147 |  |  | 98 |  |  | 1,174 |  |  | 390 |
Balance – end of period, net of tax | (8,611) |  |  | 2,886 |  |  | (8,611) |  |  | 2,886 |
Cumulative foreign currency translation adjustment |  |  |  |  |  |  |
Balance – beginning of period, net of tax | (2,821) |  |  | (1,323) |  |  | (2,146) |  |  | (1,637) |
Change in period, before tax | (966) |  |  | (414) |  |  | (1,676) |  |  | (84) |
Income tax benefit | 6 |  |  | 23 |  |  | 41 |  |  | 7 |
Balance – end of period, net of tax | (3,781) |  |  | (1,714) |  |  | (3,781) |  |  | (1,714) |
Fair value hedging instruments |  |  |  |  |  |  |
Balance – beginning of period, net of tax | — |  |  | — |  |  | — |  |  | — |
Change in period, before reclassification from AOCI (before tax) | (94) |  |  | — |  |  | (94) |  |  | — |
Amounts reclassified from AOCI (before tax) | 32 |  |  | — |  |  | 32 |  |  | — |
Change in period, before tax | (62) |  |  | — |  |  | (62) |  |  | — |
Income tax benefit | 13 |  |  | — |  |  | 13 |  |  | — |
Balance – end of period, net of tax | (49) |  |  | — |  |  | (49) |  |  | — |
Postretirement benefit liability adjustment |  |  |  |  |  |  |
Balance – beginning of period, net of tax | 259 |  |  | (197) |  |  | 240 |  |  | (167) |
Change in period, before tax | 3 |  |  | 4 |  |  | 27 |  |  | (33) |
Income tax (expense) benefit | (1) |  |  | (1) |  |  | (6) |  |  | 6 |
Balance – end of period, net of tax | 261 |  |  | (194) |  |  | 261 |  |  | (194) |
Accumulated other comprehensive income (loss) | $ | (12,180) |  |  | $ | 978 |  |  | $ | (12,180) |  |  | $ | 978 |
Reclassification out of Accumulated Other Comprehensive Income | The following table presents reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:
| Three Months Ended |  | Nine Months Ended | Consolidated Statement of Operations Location
| September 30 |  | September 30
(in millions of U.S. dollars) | 2022 |  | 2021 |  | 2022 |  | 2021
Fixed maturities available for sale | $ | (279) |  |  | $ | (10) |  |  | $ | (857) |  |  | $ | 26 |  | Net realized gains (losses)
Income tax (expense) benefit | 39 |  |  | 3 |  |  | 138 |  |  | 5 |  | Income tax expense
| $ | (240) |  |  | $ | (7) |  |  | $ | (719) |  |  | $ | 31 |  | Net income
Net gains (losses) of fair value hedging instruments |  |  |  |  |  |  |  |
Cross-currency swaps | $ | (32) |  |  | $ | — |  |  | $ | (32) |  |  | $ | — |  | Net realized gains (losses)
Income tax (expense) benefit | 7 |  |  | — |  |  | 7 |  |  | — |  | Income tax expense
| $ | (25) |  |  | $ | — |  |  | $ | (25) |  |  | $ | — |  | Net income
Total amounts reclassified from AOCI | $ | (265) |  |  | $ | (7) |  |  | $ | (744) |  |  | $ | 31 |  |

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