XML 48 R36.htm IDEA: XBRL DOCUMENT
v3.25.3

Policyholders' account balances, Separate accounts, and Unearned revenue liabilities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Policyholder Account Balance [Abstract] |
Policyholder Account Balances | Policyholders' account balances The following tables present a roll-forward of policyholders' account balances:
| Nine Months Ended September 30, 2025
(in millions of U.S. dollars) | Universal Life |  | Annuities (2) |  | Other (3) |  | Total
Balance – beginning of period | $ | 1,809 |  |  | $ | 2,585 |  |  | $ | 2,354 |  |  | $ | 6,748 |
Premiums received | 158 |  |  | 232 |  |  | 316 |  |  | 706 |
Policy charges (1) | (81) |  |  | — |  |  | (7) |  |  | (88) |
Surrenders and withdrawals | (91) |  |  | (24) |  |  | (143) |  |  | (258) |
Benefit payments (4) | (24) |  |  | (116) |  |  | (66) |  |  | (206) |
Interest credited | 35 |  |  | 36 |  |  | 59 |  |  | 130 |
Other (including foreign exchange) | 77 |  |  | 49 |  |  | 43 |  |  | 169 |
Balance – end of period | $ | 1,883 |  |  | $ | 2,762 |  |  | $ | 2,556 |  |  | $ | 7,201 |
Unearned revenue liability |  |  |  |  |  |  | 760 |
Other (5) |  |  |  |  |  |  | 578 |
Policyholders' account liability, per consolidated balance sheet |  |  |  |  |  |  | $ | 8,539 |
(1)Contracts included in the policyholder account balances are generally charged a premium and/or monthly assessments on the basis of the account balance. (2)Relates to Huatai Life. (3)Primarily comprises policyholder account balances related to investment linked products including endowment and investment contracts, none of which bear significant insurance risk. (4)Includes benefit payments upon maturity as well as death benefits. (5)Primarily comprises unpaid dividends on certain participating policies.
| Nine Months Ended September 30, 2024
(in millions of U.S. dollars) | Universal Life |  | Annuities (2) |  | Other (3) |  | Total
Balance – beginning of period | $ | 1,876 |  |  | $ | 2,411 |  |  | $ | 2,502 |  |  | $ | 6,789 |
Premiums received | 204 |  |  | 294 |  |  | 320 |  |  | 818 |
Policy charges (1) | (98) |  |  | — |  |  | (7) |  |  | (105) |
Surrenders and withdrawals | (95) |  |  | (30) |  |  | (202) |  |  | (327) |
Benefit payments (4) | (59) |  |  | (116) |  |  | (40) |  |  | (215) |
Interest credited | 38 |  |  | 29 |  |  | 41 |  |  | 108 |
Other (including foreign exchange) | 3 |  |  | 20 |  |  | (223) |  |  | (200) |
Balance – end of period | $ | 1,869 |  |  | $ | 2,608 |  |  | $ | 2,391 |  |  | $ | 6,868 |
Unearned revenue liability |  |  |  |  |  |  | 712 |
Other (5) |  |  |  |  |  |  | 556 |
Policyholders' account liability, per consolidated balance sheet |  |  |  |  |  |  | $ | 8,136 |
(1)Contracts included in the policyholder account balances are generally charged a premium and/or monthly assessments on the basis of the account balance. (2)Relates to Huatai Life. (3)Primarily comprises policyholder account balances related to investment linked products including endowment and investment contracts, none of which bear significant insurance risk. (4)Includes benefit payments upon maturity as well as death benefits. (5)Primarily comprises unpaid dividends on certain participating policies.
| September 30
| 2025 |  | 2024
(in millions of U.S. dollars, except for percentages) | Universal Life |  | Annuities |  | Other |  | Universal Life |  | Annuities |  | Other
Weighted-average crediting rate (1) | 2.6 | % |  | 1.8 | % |  | 3.3 | % |  | 2.7 | % |  | 1.6 | % |  | 2.7 | %
Net amount at risk (2) | $ | 11,474 |  |  | $ | 30 |  |  | $ | 366 |  |  | $ | 12,648 |  |  | $ | — |  |  | $ | 440 |
Cash Surrender Value | $ | 1,747 |  |  | $ | 1,827 |  |  | $ | 2,264 |  |  | $ | 1,699 |  |  | $ | 1,691 |  |  | $ | 2,091 |
(1)Calculated using actual interest credited for the nine months ended September 30, 2025 and 2024, respectively. (2)For those guarantees of benefits that are payable in the event of death, the net amount at risk is defined as the current guaranteed minimum death benefit in excess of the current account balance at the balance sheet date.
Policyholder Account Balance, Guaranteed Minimum Crediting Rates | The following tables present the balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimum: Universal Life
| September 30, 2025
(in millions of U.S. dollars) | At Guaranteed Minimum |  | 1 Basis Point - 50 Basis Points Above |  | 51 Basis Points - 150 Basis Points Above |  | Greater Than 150 Basis Points Above |  | Total
Guaranteed minimum crediting rates |  |  |  |  |  |  |  |  |
Up to 2.00% | $ | 480 |  |  | $ | — |  |  | $ | 51 |  |  | $ | 177 |  |  | $ | 708 |
2.01% – 4.00% | 489 |  |  | 317 |  |  | 354 |  |  | — |  |  | 1,160 |
Greater than 4.00% | 15 |  |  | — |  |  | — |  |  | — |  |  | 15 |
Total | $ | 984 |  |  | $ | 317 |  |  | $ | 405 |  |  | $ | 177 |  |  | $ | 1,883 |
| September 30, 2024
(in millions of U.S. dollars) | At Guaranteed Minimum |  | 1 Basis Point - 50 Basis Points Above |  | 51 Basis Points - 150 Basis Points Above |  | Greater Than 150 Basis Points Above |  | Total
Guaranteed minimum crediting rates |  |  |  |  |  |  |  |  |
Up to 2.00% | $ | 464 |  |  | $ | — |  |  | $ | 47 |  |  | $ | 92 |  |  | $ | 603 |
2.01% – 4.00% | 249 |  |  | 371 |  |  | 633 |  |  | — |  |  | 1,253 |
Greater than 4.00% | 13 |  |  | — |  |  | — |  |  | — |  |  | 13 |
Total | $ | 726 |  |  | $ | 371 |  |  | $ | 680 |  |  | $ | 92 |  |  | $ | 1,869 |
Annuities
| September 30, 2025
(in millions of U.S. dollars) | At Guaranteed Minimum |  | 1 Basis Point - 50 Basis Points Above |  | 51 Basis Points - 150 Basis Points Above |  | Greater Than 150 Basis Points Above |  | Total
Guaranteed minimum crediting rates |  |  |  |  |  |  |  |  |
Up to 2.00% | $ | 118 |  |  | $ | — |  |  | $ | 1,675 |  |  | $ | 76 |  |  | $ | 1,869 |
2.01% – 4.00% | 893 |  |  | — |  |  | — |  |  | — |  |  | 893 |
Greater than 4.00% | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 1,011 |  |  | $ | — |  |  | $ | 1,675 |  |  | $ | 76 |  |  | $ | 2,762 |
| September 30, 2024
(in millions of U.S. dollars) | At Guaranteed Minimum |  | 1 Basis Point - 50 Basis Points Above |  | 51 Basis Points - 150 Basis Points Above |  | Greater Than 150 Basis Points Above |  | Total
Guaranteed minimum crediting rates |  |  |  |  |  |  |  |  |
Up to 2.00% | $ | 72 |  |  | $ | — |  |  | $ | 1,645 |  |  | $ | 47 |  |  | $ | 1,764 |
2.01% – 4.00% | 844 |  |  | — |  |  | — |  |  | — |  |  | 844 |
Greater than 4.00% | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 916 |  |  | $ | — |  |  | $ | 1,645 |  |  | $ | 47 |  |  | $ | 2,608 |
Other policyholders' account balances
| September 30, 2025
(in millions of U.S. dollars) | At Guaranteed Minimum |  | 1 Basis Point - 50 Basis Points Above |  | 51 Basis Points - 150 Basis Points Above |  | Greater Than 150 Basis Points Above |  | Total
Guaranteed minimum crediting rates |  |  |  |  |  |  |  |  |
Up to 2.00% | $ | 394 |  |  | $ | 6 |  |  | $ | 153 |  |  | $ | 434 |  |  | $ | 987 |
2.01% – 4.00% | 1,517 |  |  | 52 |  |  | — |  |  | — |  |  | 1,569 |
Greater than 4.00% | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 1,911 |  |  | $ | 58 |  |  | $ | 153 |  |  | $ | 434 |  |  | $ | 2,556 |
| September 30, 2024
(in millions of U.S. dollars) | At Guaranteed Minimum |  | 1 Basis Point - 50 Basis Points Above |  | 51 Basis Points - 150 Basis Points Above |  | Greater Than 150 Basis Points Above |  | Total
Guaranteed minimum crediting rates |  |  |  |  |  |  |  |  |
Up to 2.00% | $ | 349 |  |  | $ | 2 |  |  | $ | 214 |  |  | $ | 459 |  |  | $ | 1,024 |
2.01% – 4.00% | 1,317 |  |  | 50 |  |  | — |  |  | — |  |  | 1,367 |
Greater than 4.00% | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 1,666 |  |  | $ | 52 |  |  | $ | 214 |  |  | $ | 459 |  |  | $ | 2,391 |
Fair Value, Separate Account Investment | The following table presents the aggregate fair value of Separate account assets, by major security type:
| September 30 |  | September 30
(in millions of U.S. dollars) | 2025 |  | 2024
Cash and cash equivalents | $ | 103 |  |  | $ | 75 |
Mutual funds | 6,631 |  |  | 5,844 |
Fixed maturities | 76 |  |  | 77 |
Total | $ | 6,810 |  |  | $ | 5,996 |
Separate Account, Liability | The following table presents a roll-forward of separate account liabilities:
| Nine Months Ended
| September 30
(in millions of U.S. dollars) | 2025 |  | 2024
Balance – beginning of period | $ | 6,231 |  |  | $ | 5,573 |
Premiums and deposits | 1,081 |  |  | 945 |
Policy charges | (122) |  |  | (118) |
Surrenders and withdrawals | (745) |  |  | (666) |
Benefit payments | (345) |  |  | (320) |
Investment performance | 320 |  |  | 625 |
Other (including foreign exchange) | 390 |  |  | (43) |
Balance – end of period | $ | 6,810 |  |  | $ | 5,996 |
Cash surrender value (1) | $ | 6,327 |  |  | $ | 5,790 |
(1)Cash surrender value represents the amount of the policyholder's account balances distributable at the balance sheet date less certain surrender charges.
Unearned revenue liabilities | The following table presents a roll-forward of unearned revenue liabilities:
| Nine Months Ended
| September 30
(in millions of U.S. dollars) | 2025 |  | 2024
Balance – beginning of period | $ | 711 |  |  | $ | 673 |
Deferred revenue | 101 |  |  | 106 |
Amortization | (58) |  |  | (54) |
Other (including foreign exchange) | 6 |  |  | (13) |
Balance – end of period | $ | 760 |  |  | $ | 712 |

X
- Definition Unearned Revenue Liabilities + References No definition available. + Details
Name: | cb_UnearnedRevenueLiabilitiesTableTextBlock
Namespace Prefix: | cb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of policyholder account balance by range of guaranteed minimum crediting rate and related range of difference between rate being credited to policyholder and respective guaranteed minimum. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 29F -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-29F Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-7A + Details
Name: | us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about policyholder account balance, including, but not limited to change in liability and related cash surrender value. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-7A Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 29F -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-29F + Details
Name: | us-gaap_PolicyholderAccountBalanceTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of fair value of asset supporting separate account. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480078/944-80-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480109/944-80-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479808/944-20-55-15 + Details
Name: | us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about separate account liability, including, but not limited to change in liability and related cash surrender value. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 55 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480078/944-80-55-18 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480109/944-80-50-2 + Details
Name: | us-gaap_SeparateAccountLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration