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Shareholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2023
Stockholders' Equity Note [Abstract] |
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
| 2023 |  | 2022 |  | 2023 |  | 2022
CHF |  | USD |  | CHF |  | USD |  | CHF |  | USD |  | CHF |  | USD
Total dividend distributions per common share | 0.75 |  | $ | 0.86 |  |  | 0.78 |  | $ | 0.83 |  |  | 2.29 |  | $ | 2.55 |  |  | 2.32 |  | $ | 2.46 |
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) | 2023 |  | 2022 |  | 2023 |  | 2022
Number of shares repurchased | 2,949,900 |  |  | 3,676,528 |  |  | 8,634,600 |  |  | 14,022,728 |  |
Cost of shares repurchased | $ | 606 |  |  | $ | 685 |  |  | $ | 1,758 |  |  | $ | 2,815 |  |
Repurchase authorization remaining at end of period | $ | 4,398 |  |  | $ | 1,816 |  |  | $ | 4,398 |  |  | $ | 1,816 |  |
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
| 2023 |  | 2022 |  | 2023 |  | 2022
(in millions of U.S. dollars) |  |  | As Adjusted |  |  |  | As Adjusted
Accumulated other comprehensive income (loss) (AOCI) |  |  |  |  |  |  |
Net unrealized appreciation (depreciation) on investments |  |  |  |  |  |  |
Balance – beginning of period, net of tax | $ | (6,809) |  |  | $ | (5,713) |  |  | $ | (7,279) |  |  | $ | 2,256 |
Change in period, before reclassification from AOCI (before tax) | (2,240) |  |  | (3,324) |  |  | (1,935) |  |  | (12,898) |
Amounts reclassified from AOCI (before tax) | 70 |  |  | 279 |  |  | 357 |  |  | 857 |
Change in period, before tax | (2,170) |  |  | (3,045) |  |  | (1,578) |  |  | (12,041) |
Income tax (expense) benefit | 29 |  |  | 147 |  |  | (93) |  |  | 1,174 |
Total other comprehensive loss | (2,141) |  |  | (2,898) |  |  | (1,671) |  |  | (10,867) |
Noncontrolling interests, net of tax | 3 |  |  | — |  |  | 3 |  |  | — |
Balance – end of period, net of tax | (8,953) |  |  | (8,611) |  |  | (8,953) |  |  | (8,611) |
Current discount rate on liability for future policy benefits |  |  |  |  |  |  |
Balance – beginning of period, net of tax | (247) |  |  | (427) |  |  | (75) |  |  | (1,399) |
Change in period, before tax | 683 |  |  | 479 |  |  | 497 |  |  | 1,546 |
Income tax expense | (35) |  |  | (57) |  |  | (21) |  |  | (152) |
Total other comprehensive income | 648 |  |  | 422 |  |  | 476 |  |  | 1,394 |
Noncontrolling interests, net of tax | (3) |  |  | — |  |  | (3) |  |  | — |
Balance – end of period, net of tax | 404 |  |  | (5) |  |  | 404 |  |  | (5) |
| Three Months Ended |  | Nine Months Ended
| September 30 |  | September 30
| 2023 |  | 2022 |  | 2023 |  | 2022
(in millions of U.S. dollars) |  |  | As Adjusted |  |  |  | As Adjusted
Accumulated other comprehensive income (loss) (AOCI) - continued |  |  |  |  |  |  |
Instrument-specific credit risk on market risk benefits |  |  |  |  |  |  |
Balance – beginning of period, net of tax | (16) |  |  | (17) |  |  | (24) |  |  | (57) |
Change in period, before and net of tax | (5) |  |  | 8 |  |  | 3 |  |  | 48 |
Total other comprehensive income (loss) | (5) |  |  | 8 |  |  | 3 |  |  | 48 |
Noncontrolling interests, net of tax | — |  |  | — |  |  | — |  |  | — |
Balance – end of period, net of tax | (21) |  |  | (9) |  |  | (21) |  |  | (9) |
Cumulative foreign currency translation adjustment |  |  |  |  |  |  |
Balance – beginning of period, net of tax | (2,920) |  |  | (2,768) |  |  | (2,966) |  |  | (2,114) |
Change in period, before reclassification from AOCI (before tax) | (314) |  |  | (942) |  |  | (269) |  |  | (1,631) |
Amounts reclassified from AOCI (before tax) | (3) |  |  | — |  |  | (10) |  |  | — |
Change in period, before tax | (317) |  |  | (942) |  |  | (279) |  |  | (1,631) |
Income tax benefit | 13 |  |  | 7 |  |  | 21 |  |  | 42 |
Total other comprehensive loss | (304) |  |  | (935) |  |  | (258) |  |  | (1,589) |
Noncontrolling interests, net of tax | (76) |  |  | — |  |  | (76) |  |  | — |
Balance – end of period, net of tax | (3,148) |  |  | (3,703) |  |  | (3,148) |  |  | (3,703) |
Fair value hedging instruments |  |  |  |  |  |  |
Balance – beginning of period, net of tax | (53) |  |  | — |  |  | (66) |  |  | — |
Change in period, before reclassification from AOCI (before tax) | (17) |  |  | (94) |  |  | 23 |  |  | (94) |
Amounts reclassified from AOCI (before tax) | 55 |  |  | 32 |  |  | 32 |  |  | 32 |
Change in period, before tax | 38 |  |  | (62) |  |  | 55 |  |  | (62) |
Income tax (expense) benefit | (7) |  |  | 13 |  |  | (11) |  |  | 13 |
Total other comprehensive income (loss) | 31 |  |  | (49) |  |  | 44 |  |  | (49) |
Noncontrolling interests, net of tax | — |  |  | — |  |  | — |  |  | — |
Balance – end of period, net of tax | (22) |  |  | (49) |  |  | (22) |  |  | (49) |
Postretirement benefit liability adjustment |  |  |  |  |  |  |
Balance – beginning of period, net of tax | 223 |  |  | 259 |  |  | 225 |  |  | 240 |
Change in period, before tax | (1) |  |  | 3 |  |  | (3) |  |  | 27 |
Income tax expense | — |  |  | (1) |  |  | — |  |  | (6) |
Total other comprehensive income (loss) | (1) |  |  | 2 |  |  | (3) |  |  | 21 |
Noncontrolling interests, net of tax | — |  |  | — |  |  | — |  |  | — |
Balance – end of period, net of tax | 222 |  |  | 261 |  |  | 222 |  |  | 261 |
Accumulated other comprehensive income (loss) | $ | (11,518) |  |  | $ | (12,116) |  |  | $ | (11,518) |  |  | $ | (12,116) |
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) | 2023 |  | 2022 |  | 2023 |  | 2022
Fixed maturities available for sale | $ | (70) |  |  | $ | (279) |  |  | $ | (357) |  |  | $ | (857) |  | Net realized gains (losses)
Income tax benefit | 25 |  |  | 39 |  |  | 59 |  |  | 138 |  | Income tax expense
| $ | (45) |  |  | $ | (240) |  |  | $ | (298) |  |  | $ | (719) |  | Net income
Cumulative foreign currency translation adjustment |  |  |  |  |  |  |  |
Cross-currency swaps | $ | 3 |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |  | Interest expense
Income tax expense | (1) |  |  | — |  |  | (2) |  |  | — |  | Income tax expense
| $ | 2 |  |  | $ | — |  |  | $ | 8 |  |  | $ | — |  | Net income
Net gains (losses) of fair value hedging instruments |  |  |  |  |  |  |  |
Cross-currency swaps | $ | (51) |  |  | $ | (32) |  |  | $ | (20) |  |  | $ | (32) |  | Net realized gains (losses)
Cross-currency swaps | (4) |  |  | — |  |  | (12) |  |  | — |  | Interest expense
Income tax benefit | 12 |  |  | 7 |  |  | 7 |  |  | 7 |  | Income tax expense
| $ | (43) |  |  | $ | (25) |  |  | $ | (25) |  |  | $ | (25) |  | Net income
Total amounts reclassified from AOCI | $ | (86) |  |  | $ | (265) |  |  | $ | (315) |  |  | $ | (744) |  |

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