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v3.23.2

Goodwill and Value of business acquired (Tables) | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill roll-forward by business segment | The following table presents a roll-forward of Goodwill by segment:
(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 |  | Chubb Consolidated
Balance at December 31, 2022 | $ | 6,945 |  |  | $ | 2,230 |  |  | $ | 134 |  |  | $ | 4,605 |  |  | $ | 371 |  |  | $ | 1,943 |  |  | $ | 16,228 |
Foreign exchange revaluation and other | 10 |  |  | 4 |  |  | — |  |  | 139 |  |  | — |  |  | (59) |  |  | 94 |
Balance at June 30, 2023 | $ | 6,955 |  |  | $ | 2,234 |  |  | $ | 134 |  |  | $ | 4,744 |  |  | $ | 371 |  |  | $ | 1,884 |  |  | $ | 16,322 |
Schedule of Changes in VOBA | The following table presents a roll-forward of VOBA:
| Six Months Ended
| June 30 |  |
(in millions of U.S. dollars) | 2023 |  |
Balance, beginning of period | $ | 3,702 |  |  |
Amortization of VOBA (1) | (162) |  |  |
Foreign exchange revaluation and other | 35 |  |  |
Balance, end of period | $ | 3,575 |  |  |
(1)Recognized in Policy acquisition costs in the Consolidated statements of operations.

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