XML 71 R52.htm IDEA: XBRL DOCUMENT
v3.22.4

Schedule II (CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY) (Table) | 12 Months Ended
--- | ---
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Consolidating Balance Sheet | BALANCE SHEETS (Parent Company Only)
| December 31 |  | December 31
(in millions of U.S. dollars) | 2022 |  | 2021
Assets |  |  |
Investments in subsidiaries and affiliates on equity basis | $ | 50,393 |  |  | $ | 58,850 |
Total investments | 50,393 |  |  | 58,850 |
Cash | 40 |  |  | 1 |
Due from subsidiaries and affiliates, net | 959 |  |  | 1,218 |
Other assets | 16 |  |  | 16 |
Total assets | $ | 51,408 |  |  | $ | 60,085 |
Liabilities |  |  |
Affiliated notional cash pooling programs | $ | 252 |  |  | $ | 8 |
Accounts payable, accrued expenses, and other liabilities | 616 |  |  | 363 |
Total liabilities | 868 |  |  | 371 |
Shareholders' equity |  |  |
Common Shares | 10,346 |  |  | 10,985 |
Common Shares in treasury | (5,113) |  |  | (7,464) |
Additional paid-in capital | 7,166 |  |  | 8,478 |
Retained earnings | 48,334 |  |  | 47,365 |
Accumulated other comprehensive income | (10,193) |  |  | 350 |
Total shareholders' equity | 50,540 |  |  | 59,714 |
Total liabilities and shareholders' equity | $ | 51,408 |  |  | $ | 60,085 |
The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.
Condensed Consolidating Statement Of Operations and Comprehensive Income | STATEMENTS OF OPERATIONS (Parent Company Only)
| Year Ended December 31
(in millions of U.S. dollars) | 2022 |  | 2021 |  | 2020
Revenues |  |  |  |  |
Investment income (1) | $ | 83 |  |  | $ | 96 |  |  | $ | 155 |
Equity in net income of subsidiaries and affiliates | 5,323 |  |  | 8,514 |  |  | 3,457 |
Total revenues | 5,406 |  |  | 8,610 |  |  | 3,612 |
Expenses |  |  |  |  |
Administrative and other (income) expense | 65 |  |  | 56 |  |  | 55 |
Cigna integration expenses | 10 |  |  | — |  |  | — |
Income tax expense | 18 |  |  | 15 |  |  | 24 |
Total expenses | 93 |  |  | 71 |  |  | 79 |
Net income | $ | 5,313 |  |  | $ | 8,539 |  |  | $ | 3,533 |
Comprehensive income (loss) | $ | (5,230) |  |  | $ | 6,020 |  |  | $ | 5,783 |
(1) Includes net investment income, interest income, and net realized gains (losses). The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.
Condensed Consolidating Statement of Cash Flows | STATEMENTS OF CASH FLOWS (Parent Company Only)
| Year Ended December 31
(in millions of U.S. dollars) | 2022 |  | 2021 |  | 2020
Net cash flows from operating activities (1) | $ | 7,831 |  |  | $ | 4,167 |  |  | $ | 1,933 |
Cash flows from investing activities |  |  |  |  |
Capital contribution | (4,046) |  |  | $ | — |  |  | (1,200) |
Other | — |  |  | — |  |  | (2) |
Net cash flows used for investing activities | (4,046) |  |  | $ | — |  |  | (1,202) |
Cash flows from financing activities |  |  |  |  |
Dividends paid on Common Shares | (1,375) |  |  | (1,401) |  |  | (1,388) |
Common Shares repurchased | (2,894) |  |  | (4,861) |  |  | (523) |
Repayment of intercompany loans | 279 |  |  | 2,003 |  |  | 1,265 |
Net proceeds from affiliated notional cash pooling programs (2) | 245 |  |  | 8 |  |  | — |
Net cash flows used for financing activities | (3,745) |  |  | (4,251) |  |  | (646) |
Effect of foreign currency rate changes on cash and restricted cash | (1) |  |  | 1 |  |  | (3) |
Net increase (decrease) in cash and restricted cash | 39 |  |  | (83) |  |  | 82 |
Cash and restricted cash – beginning of year | 1 |  |  | 84 |  |  | 2 |
Cash and restricted cash – end of year | $ | 40 |  |  | $ | 1 |  |  | $ | 84 |
(1) Includes cash dividends received from subsidiaries of $7.7 billion, $3.7 billion, and $2.0 billion in 2022, 2021, and 2020, respectively. (2) Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 g) for additional information. The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.

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

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration