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Schedule II | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT | CONDENSED FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS (Parent Company Only)
|  |  | As Adjusted
| December 31 |  | December 31
(in millions of U.S. dollars) | 2023 |  | 2022
Assets |  |  |
Investments in subsidiaries and affiliates on equity basis | $ | 59,952 |  |  | $ | 50,372 |
Total investments | 59,952 |  |  | 50,372 |
Cash | 77 |  |  | 40 |
Due from subsidiaries and affiliates, net | 717 |  |  | 959 |
Other assets | 12 |  |  | 16 |
Total assets | $ | 60,758 |  |  | $ | 51,387 |
Liabilities |  |  |
Affiliated notional cash pooling programs | $ | 594 |  |  | $ | 252 |
Accounts payable, accrued expenses, and other liabilities | 657 |  |  | 616 |
Total liabilities | 1,251 |  |  | 868 |
Shareholders' equity |  |  |
Common Shares | 241 |  |  | 10,346 |
Common Shares in treasury | (4,400) |  |  | (5,113) |
Additional paid-in capital | 15,665 |  |  | 7,166 |
Retained earnings | 54,810 |  |  | 48,305 |
Accumulated other comprehensive income (loss) | (6,809) |  |  | (10,185) |
Total Chubb shareholders' equity | 59,507 |  |  | 50,519 |
Total liabilities and shareholders' equity | $ | 60,758 |  |  | $ | 51,387 |
The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto. CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF OPERATIONS (Parent Company Only)
For the years ended December 31, 2023, 2022, and 2021 |  |  | As Adjusted
(in millions of U.S. dollars) | 2023 |  | 2022 |  | 2021
Revenues |  |  |  |  |
Net investment income (loss) (1) | $ | (21) |  |  | $ | 83 |  |  | $ | 96 |
Equity in net income of subsidiaries and affiliates | 9,065 |  |  | 5,256 |  |  | 8,500 |
Total revenues | 9,044 |  |  | 5,339 |  |  | 8,596 |
Expenses |  |  |  |  |
Administrative and other (income) expense | 72 |  |  | 65 |  |  | 56 |
Cigna integration expenses | — |  |  | 10 |  |  | — |
Income tax (benefit) expense | (56) |  |  | 18 |  |  | 15 |
Total expenses | 16 |  |  | 93 |  |  | 71 |
Net income attributable to Chubb | $ | 9,028 |  |  | $ | 5,246 |  |  | $ | 8,525 |
Comprehensive income (loss) attributable to Chubb | $ | 12,404 |  |  | $ | (3,865) |  |  | $ | 6,384 |
(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. STATEMENTS OF CASH FLOWS (Parent Company Only)
For the years ended December 31, 2023, 2022, and 2021 |  |  | As Adjusted
(in millions of U.S. dollars) | 2023 |  | 2022 |  | 2021
Net cash flows from operating activities (1) | $ | 3,273 |  |  | $ | 7,831 |  |  | $ | 4,167 |
Cash flows from investing activities |  |  |  |  |
Capital contribution | — |  |  | (4,046) |  |  | — |
Net cash flows used for investing activities | — |  |  | (4,046) |  |  | — |
Cash flows from financing activities |  |  |  |  |
Dividends paid on Common Shares | (1,394) |  |  | (1,375) |  |  | (1,401) |
Common Shares repurchased | (2,411) |  |  | (2,894) |  |  | (4,861) |
Repayment of intercompany loans | 231 |  |  | 279 |  |  | 2,003 |
Net proceeds from affiliated notional cash pooling programs (2) | 342 |  |  | 245 |  |  | 8 |
Net cash flows used for financing activities | (3,232) |  |  | (3,745) |  |  | (4,251) |
Effect of foreign currency rate changes on cash | (4) |  |  | (1) |  |  | 1 |
Net increase (decrease) in cash | 37 |  |  | 39 |  |  | (83) |
Cash – beginning of year | 40 |  |  | 1 |  |  | 84 |
Cash – end of year | $ | 77 |  |  | $ | 40 |  |  | $ | 1 |
(1) Includes cash dividends received from subsidiaries of $3.3 billion, $7.7 billion, and $3.7 billion in 2023, 2022, and 2021, respectively. (2) Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 i) for additional information. The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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