XML 52 R40.htm IDEA: XBRL DOCUMENT
v3.25.2

Shareholders' Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
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 |  | Six Months Ended
| June 30 |  | June 30
| 2025 |  | 2024 |  | 2025 |  | 2024
CHF |  | USD |  | CHF |  | USD |  | CHF |  | USD |  | CHF |  | USD
Total dividend distributions per common share | 0.81 |  |  | $ | 0.97 |  |  | 0.82 |  |  | $ | 0.91 |  |  | 1.62 |  |  | $ | 1.88 |  |  | 1.57 |  |  | $ | 1.77 |
Share Repurchase Program [Table Text Block] | Chubb Limited securities repurchase authorizations In June 2023, the Board authorized the repurchase of up to $5.0 billion of Chubb Common Shares, effective July 1, 2023, with no expiration date. In May 2025, the Board determined to terminate the June 2023 authorization as of June 30, 2025 and concurrently authorized a new repurchase amount of up to $5.0 billion of Chubb Common Shares, effective July 1, 2025, with no expiration date. 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 |  | Six Months Ended |  |
| June 30 |  | June 30 |
(in millions of U.S. dollars, except share data) | 2025 |  | 2024 |  | 2025 |  | 2024 |
Number of shares repurchased | 2,339,727 |  |  | 2,254,236 |  |  | 3,685,509 |  |  | 3,474,357 |  |  |
Cost of shares repurchased | $ | 676 |  |  | $ | 570 |  |  | $ | 1,061 |  |  | $ | 886 |  |  |
Repurchase authorization remaining at end of period (1) | $ | — |  |  | $ | 2,808 |  |  | $ | — |  |  | $ | 2,808 |  |  |
(1) As of June 30, 2025, $628 million expired under the July 2023 $5.0 billion share repurchase authorization.
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents changes in accumulated other comprehensive income (loss):
| Three Months Ended |  | Six Months Ended
| June 30 |  | June 30
(in millions of U.S. dollars) | 2025 |  | 2024 |  | 2025 |  | 2024
Accumulated other comprehensive income (loss) (AOCI) |  |  |  |  |  |  |
Net unrealized appreciation (depreciation) on investments |  |  |  |  |  |  |
Balance – beginning of period, net of tax | $ | (3,704) |  |  | $ | (4,825) |  |  | $ | (4,552) |  |  | $ | (4,177) |
Change in period, before reclassification from AOCI (before tax) | 918 |  |  | (484) |  |  | 1,761 |  |  | (1,280) |
Amounts reclassified from AOCI (before tax) | 68 |  |  | (5) |  |  | 126 |  |  | 114 |
Change in period, before tax | 986 |  |  | (489) |  |  | 1,887 |  |  | (1,166) |
Income tax (expense) benefit | (50) |  |  | 7 |  |  | (111) |  |  | 49 |
Total other comprehensive income (loss) | 936 |  |  | (482) |  |  | 1,776 |  |  | (1,117) |
Noncontrolling interests, net of tax | 4 |  |  | (6) |  |  | (4) |  |  | 7 |
Balance – end of period, net of tax | (2,772) |  |  | (5,301) |  |  | (2,772) |  |  | (5,301) |
| Three Months Ended |  | Six Months Ended
| June 30 |  | June 30
(in millions of U.S. dollars) | 2025 |  | 2024 |  | 2025 |  | 2024
Accumulated other comprehensive income (loss) (AOCI) - continued |  |  |  |  |  |  |
Current discount rate on liability for future policy benefits |  |  |  |  |  |  |
Balance – beginning of period, net of tax | (645) |  |  | 11 |  |  | (539) |  |  | 51 |
Change in period, before tax | (130) |  |  | 53 |  |  | (252) |  |  | — |
Income tax (expense) benefit | 9 |  |  | (2) |  |  | 21 |  |  | (22) |
Total other comprehensive income (loss) | (121) |  |  | 51 |  |  | (231) |  |  | (22) |
Noncontrolling interests, net of tax | (20) |  |  | (4) |  |  | (24) |  |  | (37) |
Balance – end of period, net of tax | (746) |  |  | 66 |  |  | (746) |  |  | 66 |
Instrument-specific credit risk on market risk benefits |  |  |  |  |  |  |
Balance – beginning of period, net of tax | (13) |  |  | (17) |  |  | (16) |  |  | (22) |
Change in period, before tax | 1 |  |  | 5 |  |  | 5 |  |  | 10 |
Income tax expense | — |  |  | (1) |  |  | (1) |  |  | (1) |
Total other comprehensive income | 1 |  |  | 4 |  |  | 4 |  |  | 9 |
Noncontrolling interests, net of tax | — |  |  | — |  |  | — |  |  | — |
Balance – end of period, net of tax | (12) |  |  | (13) |  |  | (12) |  |  | (13) |
Cumulative foreign currency translation adjustment |  |  |  |  |  |  |
Balance – beginning of period, net of tax | (3,685) |  |  | (2,864) |  |  | (4,025) |  |  | (2,945) |
Change in period, before reclassification from AOCI (before tax) | 803 |  |  | (527) |  |  | 1,170 |  |  | (444) |
Amounts reclassified from AOCI (before tax) | (7) |  |  | (3) |  |  | (15) |  |  | (6) |
Change in period, before tax | 796 |  |  | (530) |  |  | 1,155 |  |  | (450) |
Income tax (expense) benefit | 3 |  |  | 19 |  |  | (9) |  |  | 12 |
Total other comprehensive income (loss) | 799 |  |  | (511) |  |  | 1,146 |  |  | (438) |
Noncontrolling interests, net of tax | 33 |  |  | (33) |  |  | 40 |  |  | (41) |
Balance – end of period, net of tax | (2,919) |  |  | (3,342) |  |  | (2,919) |  |  | (3,342) |
Fair value hedging instruments |  |  |  |  |  |  |
Balance – beginning of period, net of tax | (22) |  |  | 13 |  |  | 50 |  |  | (13) |
Change in period, before reclassification from AOCI (before tax) | 141 |  |  | (46) |  |  | 115 |  |  | (54) |
Amounts reclassified from AOCI (before tax) | (164) |  |  | 16 |  |  | (229) |  |  | 57 |
Change in period, before tax | (23) |  |  | (30) |  |  | (114) |  |  | 3 |
Income tax (expense) benefit | 5 |  |  | 6 |  |  | 24 |  |  | (1) |
Total other comprehensive income (loss) | (18) |  |  | (24) |  |  | (90) |  |  | 2 |
Noncontrolling interests, net of tax | — |  |  | — |  |  | — |  |  | — |
Balance – end of period, net of tax | (40) |  |  | (11) |  |  | (40) |  |  | (11) |
Postretirement benefit liability adjustment |  |  |  |  |  |  |
Balance – beginning of period, net of tax | 434 |  |  | 296 |  |  | 438 |  |  | 297 |
Change in period, before tax | (3) |  |  | 1 |  |  | (7) |  |  | (1) |
Income tax benefit | — |  |  | — |  |  | — |  |  | 1 |
Total other comprehensive income (loss) | (3) |  |  | 1 |  |  | (7) |  |  | — |
Noncontrolling interests, net of tax | — |  |  | — |  |  | — |  |  | — |
Balance – end of period, net of tax | 431 |  |  | 297 |  |  | 431 |  |  | 297 |
Accumulated other comprehensive loss | $ | (6,058) |  |  | $ | (8,304) |  |  | $ | (6,058) |  |  | $ | (8,304) |
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 |  | Six Months Ended |  | Consolidated Statement of Operations Location
| June 30 |  | June 30 |
(in millions of U.S. dollars) | 2025 |  | 2024 |  | 2025 |  | 2024 |
Fixed maturities available-for-sale | $ | (68) |  |  | $ | 5 |  |  | $ | (126) |  |  | $ | (114) |  |  | Net realized gains (losses)
Income tax benefit | 3 |  |  | 12 |  |  | 28 |  |  | 24 |  |  | Income tax expense
| $ | (65) |  |  | $ | 17 |  |  | $ | (98) |  |  | $ | (90) |  |  | Net income
Cumulative foreign currency translation adjustment |  |  |  |  |  |  |  |  |
Cross-currency swaps | $ | 7 |  |  | $ | 3 |  |  | $ | 15 |  |  | $ | 6 |  |  | Interest expense
Income tax expense | (1) |  |  | — |  |  | (3) |  |  | (1) |  |  | Income tax expense
| $ | 6 |  |  | $ | 3 |  |  | $ | 12 |  |  | $ | 5 |  |  | Net income
Net gains (losses) of fair value hedging instruments |  |  |  |  |  |  |  |  |
Cross-currency swaps | $ | 169 |  |  | $ | (12) |  |  | $ | 238 |  |  | $ | (49) |  |  | Net realized gains (losses)
Cross-currency swaps | (5) |  |  | (4) |  |  | (9) |  |  | (8) |  |  | Interest expense
Income tax (expense) benefit | (34) |  |  | 3 |  |  | (48) |  |  | 12 |  |  | Income tax expense
| $ | 130 |  |  | $ | (13) |  |  | $ | 181 |  |  | $ | (45) |  |  | Net income
Total amounts reclassified from AOCI | $ | 71 |  |  | $ | 7 |  |  | $ | 95 |  |  | $ | (130) |  |  |

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-4 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481549/505-30-45-1 + Details
Name: | us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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