Chubb Limited(NYSE:CB) 
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environm...
Website: http://www.chubb.com
Founded: 1882
Full Time Employees: 34,000 (Jun 2022)
Sector: Financial Services
Industry: Insurance-Property & Casualty
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2017-03-31 | 2016-12-31 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2012-09-30 | 2012-03-31 | 2011-12-31 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 |
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revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||
net premiums written | 14,005,000,000 | 13,134,000,000 | 14,866,000,000 | 14,196,000,000 | 12,646,000,000 | 12,058,000,000 | 13,829,000,000 | 13,360,000,000 | 12,221,000,000 | 11,596,000,000 | 13,104,000,000 | 11,951,000,000 | 10,710,000,000 | 10,234,000,000 | 12,020,000,000 | 10,302,000,000 | 9,199,000,000 | 9,150,000,000 | 10,510,000,000 | 9,546,000,000 | 8,662,000,000 | 8,410,000,000 | 9,078,000,000 | 8,355,000,000 | 7,977,000,000 | 8,622,000,000 | 6,710,000,000 | 1,498,750,000 | 5,995,000,000 | 3,392,250,000 | 4,709,000,000 | 4,784,000,000 | 4,716,000,000 | 3,572,000,000 | 892,750,000 | 3,571,000,000 | 2,498,500,000 | 3,155,000,000 | 3,415,000,000 | 3,424,000,000 | 819,000,000 | 3,276,000,000 | 3,598,000,000 | 3,154,000,000 | 2,288,000,000 | 2,800,000,000 | 3,082,000,000 | 3,310,000,000 | 2,291,000,000 | 2,889,000,000 | 2,909,000,000 |
increase in unearned premiums | -548,000,000 | 396,000,000 | -507,000,000 | -1,071,000,000 | -646,000,000 | 540,000,000 | -456,000,000 | -1,068,000,000 | -638,000,000 | 301,000,000 | -430,000,000 | -952,000,000 | -568,000,000 | 317,000,000 | -485,000,000 | -745,000,000 | -453,000,000 | 171,000,000 | -510,000,000 | -733,000,000 | -441,000,000 | 20,000,000 | -313,000,000 | -227,000,000 | |||||||||||||||||||||||||||
net premiums earned | 13,457,000,000 | 13,530,000,000 | 14,359,000,000 | 13,125,000,000 | 12,000,000,000 | 12,598,000,000 | 13,373,000,000 | 12,292,000,000 | 11,583,000,000 | 11,897,000,000 | 12,674,000,000 | 10,999,000,000 | 10,142,000,000 | 10,551,000,000 | 11,535,000,000 | 9,557,000,000 | 8,746,000,000 | 9,321,000,000 | 10,000,000,000 | 8,813,000,000 | 8,221,000,000 | 8,430,000,000 | 8,765,000,000 | 8,128,000,000 | 7,794,000,000 | 8,327,000,000 | 6,772,000,000 | 1,649,250,000 | 6,597,000,000 | 3,251,500,000 | 4,719,000,000 | 4,360,000,000 | 4,665,000,000 | 3,381,000,000 | 819,250,000 | 3,277,000,000 | 2,463,250,000 | 3,393,000,000 | 3,266,000,000 | 3,194,000,000 | 902,250,000 | 3,609,000,000 | 3,428,000,000 | 2,940,000,000 | 2,310,000,000 | 3,150,000,000 | 3,008,000,000 | 2,805,000,000 | 2,222,250,000 | 3,091,000,000 | 2,921,000,000 |
net investment income | 1,709,000,000 | 1,688,000,000 | 1,648,000,000 | 1,568,000,000 | 1,561,000,000 | 1,563,000,000 | 1,508,000,000 | 1,468,000,000 | 1,391,000,000 | 1,371,000,000 | 1,314,000,000 | 1,145,000,000 | 1,107,000,000 | 1,053,000,000 | 979,000,000 | 888,000,000 | 822,000,000 | 843,000,000 | 866,000,000 | 884,000,000 | 863,000,000 | 847,000,000 | 840,000,000 | 827,000,000 | 861,000,000 | 873,000,000 | 745,000,000 | 168,500,000 | 674,000,000 | 415,500,000 | 549,000,000 | 562,000,000 | 533,000,000 | 544,000,000 | 126,000,000 | 504,000,000 | 379,750,000 | 511,000,000 | 506,000,000 | 502,000,000 | 130,000,000 | 520,000,000 | 532,000,000 | 489,000,000 | 353,500,000 | 492,000,000 | 471,000,000 | 369,000,000 | 227,500,000 | 320,000,000 | 305,000,000 |
net realized gains | -407,000,000 | -116,000,000 | 283,000,000 | 160,000,000 | -116,000,000 | -84,000,000 | 198,000,000 | 104,000,000 | -101,000,000 | -123,000,000 | -103,000,000 | -304,000,000 | -77,000,000 | -178,000,000 | -384,000,000 | -504,000,000 | 101,000,000 | 319,000,000 | -21,000,000 | -33,000,000 | 887,000,000 | 30,000,000 | -121,000,000 | -127,500,000 | -510,000,000 | -126,000,000 | -353,000,000 | 1,250,000 | -11,000,000 | 7,000,000 | 25,250,000 | 83,000,000 | 32,000,000 | ||||||||||||||||||
market risk benefits gains | 14,000,000 | -37,000,000 | -142,000,000 | -17,000,000 | -92,000,000 | 98,000,000 | -230,000,000 | -29,000,000 | 21,000,000 | -153,000,000 | -32,000,000 | -7,000,000 | -115,000,000 | ||||||||||||||||||||||||||||||||||||||
total revenues | 14,773,000,000 | 15,065,000,000 | 16,148,000,000 | 14,836,000,000 | 13,353,000,000 | 14,175,000,000 | 14,849,000,000 | 13,835,000,000 | 12,894,000,000 | 12,992,000,000 | 13,853,000,000 | 11,833,000,000 | 11,057,000,000 | 11,426,000,000 | 12,130,000,000 | 9,941,000,000 | 9,669,000,000 | 10,483,000,000 | 10,845,000,000 | 9,664,000,000 | 9,971,000,000 | 9,848,000,000 | 9,464,000,000 | 8,985,000,000 | 7,697,000,000 | 9,045,000,000 | 7,510,000,000 | 1,719,250,000 | 6,877,000,000 | 3,577,000,000 | 4,871,000,000 | 5,048,000,000 | 5,138,000,000 | 4,185,000,000 | 987,250,000 | 3,949,000,000 | 2,700,750,000 | 3,681,000,000 | 3,547,000,000 | 3,575,000,000 | 904,750,000 | 3,619,000,000 | 3,834,000,000 | 3,076,000,000 | 2,664,750,000 | 3,642,000,000 | 3,468,000,000 | 3,181,000,000 | 2,475,000,000 | 3,494,000,000 | 3,258,000,000 |
yoy | 10.63% | 6.28% | 8.75% | 7.24% | 3.56% | 9.11% | 7.19% | 16.92% | 16.61% | 13.71% | 14.20% | 19.03% | 14.36% | 9.00% | 11.85% | 2.87% | -3.03% | 6.45% | 14.59% | 7.56% | 29.54% | 8.88% | 26.02% | 422.61% | 11.92% | 152.87% | 54.18% | -65.94% | 33.85% | -14.53% | 393.39% | 27.83% | 90.24% | 13.69% | -72.17% | 10.46% | 198.51% | 1.71% | -7.49% | 16.22% | -66.05% | -0.63% | 10.55% | -3.30% | 7.67% | 4.24% | 6.45% | ||||
qoq | -1.94% | -6.71% | 8.84% | 11.11% | -5.80% | -4.54% | 7.33% | 7.30% | -0.75% | -6.22% | 17.07% | 7.02% | -3.23% | -5.80% | 22.02% | 2.81% | -7.76% | -3.34% | 12.22% | -3.08% | 1.25% | 4.06% | 5.33% | 16.73% | -14.90% | 20.44% | 336.82% | -75.00% | 92.26% | -26.57% | -3.51% | -1.75% | 22.77% | 323.90% | -75.00% | 46.22% | -26.63% | 3.78% | -0.78% | 295.14% | -75.00% | -5.61% | 24.64% | 15.43% | -26.83% | 5.02% | 9.02% | 28.53% | -29.16% | 7.24% | |
expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss expenses | 6,131,000,000 | 6,281,000,000 | 6,951,000,000 | 6,572,000,000 | 6,896,000,000 | 6,481,000,000 | 7,383,000,000 | 6,431,000,000 | 5,727,000,000 | 6,163,000,000 | 7,106,000,000 | 5,683,000,000 | 5,148,000,000 | 5,868,000,000 | 7,279,000,000 | 5,408,000,000 | 4,787,000,000 | 5,292,000,000 | 6,629,000,000 | 5,006,000,000 | 5,053,000,000 | 4,813,000,000 | 5,835,000,000 | 6,577,000,000 | 4,485,000,000 | 5,052,000,000 | 3,789,000,000 | 918,500,000 | 3,674,000,000 | 1,795,500,000 | 2,643,000,000 | 2,417,000,000 | 3,047,000,000 | 1,804,000,000 | 480,250,000 | 1,921,000,000 | 1,380,500,000 | 1,885,000,000 | 1,821,000,000 | 1,816,000,000 | 592,250,000 | 2,369,000,000 | 1,895,000,000 | 1,579,000,000 | 1,390,750,000 | 1,910,000,000 | 1,793,000,000 | 1,680,000,000 | 1,609,750,000 | 2,806,000,000 | 1,844,000,000 |
policy benefits | 1,785,000,000 | 1,455,000,000 | 1,372,000,000 | 1,406,000,000 | 1,227,000,000 | 1,216,000,000 | 1,099,000,000 | 1,219,000,000 | 1,180,000,000 | 1,063,000,000 | 938,000,000 | 830,000,000 | 797,000,000 | 702,000,000 | 486,000,000 | 159,000,000 | 145,000,000 | 196,000,000 | 151,000,000 | 185,000,000 | 167,000,000 | 234,000,000 | 198,000,000 | 223,000,000 | 129,000,000 | 158,000,000 | 168,000,000 | 31,500,000 | 126,000,000 | 96,000,000 | 89,000,000 | 153,000,000 | 130,000,000 | 147,000,000 | 21,750,000 | 87,000,000 | 64,000,000 | 79,000,000 | 78,000,000 | 99,000,000 | |||||||||||
policy acquisition costs | 2,596,000,000 | 2,556,000,000 | 2,563,000,000 | 2,415,000,000 | 2,313,000,000 | 2,345,000,000 | 2,324,000,000 | 2,226,000,000 | 2,207,000,000 | 2,117,000,000 | 2,178,000,000 | 2,016,000,000 | 1,948,000,000 | 1,941,000,000 | 1,975,000,000 | 1,739,000,000 | 1,737,000,000 | 1,777,000,000 | 1,778,000,000 | 1,698,000,000 | 1,665,000,000 | 1,694,000,000 | 1,645,000,000 | 1,593,000,000 | 1,615,000,000 | 1,603,000,000 | 1,397,000,000 | 353,250,000 | 1,413,000,000 | 551,250,000 | 771,000,000 | 727,000,000 | 609,000,000 | 582,000,000 | 138,500,000 | 554,000,000 | 392,750,000 | 567,000,000 | 523,000,000 | 481,000,000 | 145,250,000 | 581,000,000 | 569,000,000 | 468,000,000 | 328,500,000 | 463,000,000 | 434,000,000 | 421,000,000 | 310,750,000 | 426,000,000 | 429,000,000 |
administrative expenses | 1,149,000,000 | 1,161,000,000 | 1,138,000,000 | 1,125,000,000 | 1,080,000,000 | 1,122,000,000 | 1,094,000,000 | 1,094,000,000 | 1,070,000,000 | 1,048,000,000 | 1,060,000,000 | 969,000,000 | 930,000,000 | 916,000,000 | 883,000,000 | 818,000,000 | 778,000,000 | 811,000,000 | 806,000,000 | 775,000,000 | 744,000,000 | 778,000,000 | 733,000,000 | 727,000,000 | 741,000,000 | 752,000,000 | 676,000,000 | 193,000,000 | 772,000,000 | 425,000,000 | 568,000,000 | 578,000,000 | 519,000,000 | 510,000,000 | 115,000,000 | 460,000,000 | 331,250,000 | 451,000,000 | 454,000,000 | 420,000,000 | 114,250,000 | 457,000,000 | 461,000,000 | 375,000,000 | 267,500,000 | 358,000,000 | 356,000,000 | 398,000,000 | 240,000,000 | 308,000,000 | 316,000,000 |
interest expense | 198,000,000 | 205,000,000 | 197,000,000 | 181,000,000 | 181,000,000 | 189,000,000 | 192,000,000 | 182,000,000 | 178,000,000 | 173,000,000 | 174,000,000 | 165,000,000 | 160,000,000 | 154,000,000 | 150,000,000 | 134,000,000 | 132,000,000 | 126,000,000 | 122,000,000 | 122,000,000 | 122,000,000 | 126,000,000 | 130,000,000 | 128,000,000 | 132,000,000 | 138,000,000 | 154,000,000 | 36,500,000 | 146,000,000 | 51,750,000 | 68,000,000 | 71,000,000 | 63,000,000 | 62,000,000 | 13,000,000 | 52,000,000 | 42,250,000 | 60,000,000 | 56,000,000 | 53,000,000 | 17,000,000 | 68,000,000 | 62,000,000 | 46,000,000 | 33,000,000 | 44,000,000 | 42,000,000 | 43,000,000 | 32,000,000 | 43,000,000 | 43,000,000 |
other expense | -161,000,000 | -516,000,000 | -43,000,000 | -655,000,000 | -83,000,000 | -397,000,000 | -325,000,000 | -110,000,000 | -191,000,000 | -286,000,000 | -154,000,000 | -17,000,000 | |||||||||||||||||||||||||||||||||||||||
amortization of purchased intangibles | 73,000,000 | 77,000,000 | 75,000,000 | 74,000,000 | 75,000,000 | 82,000,000 | 81,000,000 | 80,000,000 | 80,000,000 | 84,000,000 | 84,000,000 | 70,000,000 | 72,000,000 | 74,000,000 | 69,000,000 | 71,000,000 | 71,000,000 | 71,000,000 | 71,000,000 | 73,000,000 | 72,000,000 | 73,000,000 | 72,000,000 | 72,000,000 | 73,000,000 | 76,000,000 | 64,000,000 | 1,750,000 | 7,000,000 | ||||||||||||||||||||||
integration expenses and severance | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses | 11,780,000,000 | 11,295,000,000 | 12,254,000,000 | 11,120,000,000 | 11,689,000,000 | 11,056,000,000 | 11,855,000,000 | 11,129,000,000 | 10,258,000,000 | 10,380,000,000 | 11,400,000,000 | 9,648,000,000 | 8,781,000,000 | 9,772,000,000 | 11,053,000,000 | 8,433,000,000 | 7,340,000,000 | 7,938,000,000 | 8,794,000,000 | 7,082,000,000 | 7,333,000,000 | 7,096,000,000 | 8,128,000,000 | 9,378,000,000 | 7,230,000,000 | 7,724,000,000 | 6,289,000,000 | 1,578,500,000 | 6,314,000,000 | 2,940,500,000 | 4,211,000,000 | 3,963,000,000 | 4,351,000,000 | 3,102,000,000 | 767,500,000 | 3,070,000,000 | 2,221,750,000 | 3,093,000,000 | 2,911,000,000 | 2,883,000,000 | 893,000,000 | 3,572,000,000 | 2,951,000,000 | 2,546,000,000 | 2,054,750,000 | 2,846,000,000 | 2,654,000,000 | 2,562,000,000 | 2,209,750,000 | 3,591,000,000 | 2,663,000,000 |
income before income tax | 2,993,000,000 | 3,770,000,000 | 3,894,000,000 | 3,716,000,000 | 1,664,000,000 | 3,119,000,000 | 2,994,000,000 | 2,706,000,000 | 2,636,000,000 | 2,612,000,000 | 2,453,000,000 | 2,185,000,000 | 2,276,000,000 | 1,654,000,000 | 1,077,000,000 | 1,508,000,000 | 2,329,000,000 | 2,545,000,000 | 2,051,000,000 | 2,582,000,000 | 2,638,000,000 | 2,752,000,000 | 1,336,000,000 | -393,000,000 | 467,000,000 | 1,321,000,000 | 1,221,000,000 | 140,750,000 | 563,000,000 | 636,500,000 | 660,000,000 | 1,085,000,000 | 787,000,000 | 1,083,000,000 | 219,750,000 | 879,000,000 | 479,000,000 | 588,000,000 | 636,000,000 | 692,000,000 | 11,750,000 | 47,000,000 | 883,000,000 | 530,000,000 | 265,250,000 | -97,000,000 | 595,000,000 | ||||
income tax expense | 646,000,000 | 597,000,000 | 787,000,000 | 717,000,000 | 321,000,000 | 479,000,000 | 504,000,000 | 490,000,000 | 342,000,000 | -678,000,000 | 413,000,000 | 392,000,000 | 384,000,000 | 342,000,000 | 265,000,000 | 293,000,000 | 355,000,000 | 404,000,000 | 218,000,000 | 334,000,000 | 142,000,000 | 98,750,000 | 132,000,000 | 143,000,000 | 147,000,000 | 110,000,000 | 31,000,000 | 124,000,000 | 101,000,000 | 125,000,000 | 137,000,000 | 153,000,000 | 108,500,000 | 140,000,000 | 165,000,000 | 134,000,000 | 67,250,000 | 15,000,000 | 128,000,000 | ||||||||||||
net income | 2,347,000,000 | 3,173,000,000 | 3,107,000,000 | 2,999,000,000 | 1,343,000,000 | 2,640,000,000 | 2,490,000,000 | 2,216,000,000 | 2,294,000,000 | 3,290,000,000 | 2,040,000,000 | 1,793,000,000 | 1,892,000,000 | 1,312,000,000 | 812,000,000 | 1,215,000,000 | 1,974,000,000 | 2,141,000,000 | 1,833,000,000 | 2,265,000,000 | 2,300,000,000 | 2,418,000,000 | 1,194,000,000 | -331,000,000 | 252,000,000 | 1,091,000,000 | 1,093,000,000 | 109,750,000 | 439,000,000 | 537,750,000 | 528,000,000 | 942,000,000 | 640,000,000 | 973,000,000 | 188,750,000 | 755,000,000 | 399,000,000 | 494,000,000 | 535,000,000 | 567,000,000 | 13,500,000 | 54,000,000 | 746,000,000 | 377,000,000 | 501,500,000 | 656,000,000 | 649,000,000 | 489,000,000 | 198,000,000 | -112,000,000 | 467,000,000 |
yoy | 74.76% | 20.19% | 24.78% | 35.33% | -41.46% | -19.76% | 22.06% | 23.59% | 21.25% | 150.76% | 151.23% | 47.57% | -4.15% | -38.72% | -55.70% | -46.36% | -14.17% | -11.46% | 53.52% | -784.29% | 812.70% | 121.63% | 9.24% | -401.59% | -42.60% | 102.88% | 107.01% | -88.35% | -31.41% | -44.73% | 179.74% | 24.77% | 60.40% | 96.96% | -64.72% | 33.16% | 2855.56% | 814.81% | -28.28% | 50.40% | -97.31% | -91.77% | 14.95% | -22.90% | 153.28% | -685.71% | 38.97% | ||||
qoq | -26.03% | 2.12% | 3.60% | 123.31% | -49.13% | 6.02% | 12.36% | -3.40% | -30.27% | 61.27% | 13.78% | -5.23% | 44.21% | 61.58% | -33.17% | -38.45% | -7.80% | 16.80% | -19.07% | -1.52% | -4.88% | 102.51% | -460.73% | -231.35% | -76.90% | -0.18% | 895.90% | -75.00% | -18.36% | 1.85% | -43.95% | 47.19% | -34.22% | 415.50% | -75.00% | 89.22% | -19.23% | -7.66% | -5.64% | 4100.00% | -75.00% | -92.76% | 97.88% | -24.83% | -23.55% | 1.08% | 32.72% | 146.97% | -276.79% | -123.98% | |
net income margin % | 15.89% | 21.06% | 19.24% | 20.21% | 10.06% | 18.62% | 16.77% | 16.02% | 17.79% | 25.32% | 14.73% | 15.15% | 17.11% | 11.48% | 6.69% | 12.22% | 20.42% | 20.42% | 16.90% | 23.44% | 23.07% | 24.55% | 12.62% | -3.68% | 3.27% | 12.06% | 14.55% | 6.38% | 6.38% | 15.03% | 10.84% | 18.66% | 12.46% | 23.25% | 19.12% | 19.12% | 14.77% | 13.42% | 15.08% | 15.86% | 1.49% | 1.49% | 19.46% | 12.26% | 18.82% | 18.01% | 18.71% | 15.37% | 8.00% | -3.21% | 14.33% |
net income attributable to noncontrolling interests | 27,000,000 | 87,250,000 | 306,000,000 | 31,000,000 | 12,000,000 | 75,750,000 | 166,000,000 | -14,000,000 | 151,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net income attributable to chubb | 2,320,000,000 | 3,210,000,000 | 2,801,000,000 | 2,968,000,000 | 1,331,000,000 | 2,575,000,000 | 2,324,000,000 | 2,230,000,000 | 2,143,000,000 | 3,300,000,000 | 2,043,000,000 | ||||||||||||||||||||||||||||||||||||||||
other comprehensive income | -765,000,000 | -15,000,000 | 1,246,000,000 | 1,594,000,000 | 1,004,000,000 | -3,471,000,000 | 3,055,000,000 | -961,000,000 | -605,000,000 | -927,000,000 | 1,290,000,000 | -4,871,000,000 | -628,000,000 | -844,000,000 | 864,000,000 | 1,013,000,000 | 758,000,000 | 3,191,000,000 | 382,000,000 | 314,000,000 | 275,500,000 | 1,102,000,000 | 676,000,000 | 298,000,000 | 75,750,000 | 303,000,000 | 675,250,000 | 1,776,000,000 | 1,155,000,000 | -230,000,000 | -242,250,000 | -969,000,000 | -289,000,000 | -12,000,000 | 253,000,000 | -82,000,000 | -73,250,000 | -111,000,000 | 104,000,000 | ||||||||||||
change in: | |||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized appreciation | -1,826,000,000 | -100,000,000 | 868,000,000 | 986,000,000 | 901,000,000 | -2,544,000,000 | 3,459,000,000 | -489,000,000 | -677,000,000 | -1,194,000,000 | 1,786,000,000 | -4,786,000,000 | -784,000,000 | -564,000,000 | 706,000,000 | 855,000,000 | 687,000,000 | 3,248,000,000 | -2,479,000,000 | 694,000,000 | 307,000,000 | 226,250,000 | 905,000,000 | -174,000,000 | -321,000,000 | -816,000,000 | 731,000,000 | 325,000,000 | 145,750,000 | 583,000,000 | 627,750,000 | 1,985,000,000 | 972,000,000 | ||||||||||||||||||
current discount rate on future policy benefits | 386,000,000 | 182,000,000 | 305,000,000 | -130,000,000 | -122,000,000 | -29,000,000 | -672,000,000 | 53,000,000 | -53,000,000 | -413,000,000 | 683,000,000 | -35,000,000 | -151,000,000 | ||||||||||||||||||||||||||||||||||||||
instrument-specific credit risk on market risk benefits | 12,000,000 | -4,000,000 | -9,000,000 | 1,000,000 | 4,000,000 | 5,000,000 | -8,000,000 | 5,000,000 | 5,000,000 | -1,000,000 | -5,000,000 | 11,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||||||||||
cumulative foreign currency translation adjustment | 528,000,000 | -236,000,000 | 128,000,000 | 796,000,000 | 359,000,000 | -1,172,000,000 | 445,000,000 | -530,000,000 | 80,000,000 | 266,000,000 | -317,000,000 | 215,000,000 | -177,000,000 | 690,000,000 | -966,000,000 | -777,000,000 | 67,000,000 | -446,000,000 | -414,000,000 | 308,000,000 | 22,000,000 | 474,000,000 | 246,000,000 | 445,000,000 | 134,000,000 | ||||||||||||||||||||||||||
other, including postretirement benefit liability adjustment | -6,000,000 | 176,000,000 | -6,000,000 | -26,000,000 | -95,000,000 | 274,000,000 | -19,000,000 | -29,000,000 | 31,000,000 | 105,000,000 | 37,000,000 | 48,000,000 | -33,000,000 | -65,000,000 | -59,000,000 | ||||||||||||||||||||||||||||||||||||
other comprehensive income, before income tax | -906,000,000 | 18,000,000 | 1,286,000,000 | 1,627,000,000 | 1,047,000,000 | -3,466,000,000 | 3,205,000,000 | -990,000,000 | -614,000,000 | -955,000,000 | 1,422,000,000 | -5,116,000,000 | -652,000,000 | -964,000,000 | 993,000,000 | 1,134,000,000 | 861,000,000 | 3,704,000,000 | 495,000,000 | 429,000,000 | 342,750,000 | 1,371,000,000 | 861,000,000 | 378,000,000 | 92,500,000 | 370,000,000 | 828,000,000 | 2,197,000,000 | 1,444,000,000 | -329,000,000 | -322,250,000 | -1,289,000,000 | -297,000,000 | -6,250,000 | 281,000,000 | -110,000,000 | -96,000,000 | -151,000,000 | 125,000,000 | ||||||||||||
income tax benefit related to oci items | 141,000,000 | -33,000,000 | -43,000,000 | 29,000,000 | 9,000,000 | -213,000,000 | 28,000,000 | -132,000,000 | -101,000,000 | 165,000,000 | 245,000,000 | 812,000,000 | 24,000,000 | 120,000,000 | -129,000,000 | 412,000,000 | -513,000,000 | 321,000,000 | 36,250,000 | 45,000,000 | 175,000,000 | ||||||||||||||||||||||||||||||
comprehensive income | 1,582,000,000 | 3,158,000,000 | 4,353,000,000 | 4,593,000,000 | 2,347,000,000 | -831,000,000 | 5,545,000,000 | 1,255,000,000 | 1,689,000,000 | 8,060,000,000 | 268,000,000 | 866,000,000 | 3,182,000,000 | 3,299,000,000 | -3,093,000,000 | -3,656,000,000 | -1,780,000,000 | 1,513,000,000 | 989,000,000 | 3,129,000,000 | 389,000,000 | 3,431,000,000 | 1,952,000,000 | 2,860,000,000 | -2,460,000,000 | 1,473,000,000 | 1,407,000,000 | 385,250,000 | 1,541,000,000 | 192,000,000 | -271,000,000 | 397,000,000 | 1,316,000,000 | 1,271,000,000 | 264,500,000 | 1,058,000,000 | 1,074,250,000 | 2,270,000,000 | 1,690,000,000 | 337,000,000 | -228,750,000 | -915,000,000 | 218,000,000 | 88,000,000 | 489,500,000 | 909,000,000 | 274,000,000 | 407,000,000 | 124,750,000 | -223,000,000 | 571,000,000 |
comprehensive income attributable to noncontrolling interests | 198,000,000 | 31,000,000 | 386,000,000 | 48,000,000 | 7,000,000 | -32,000,000 | 187,000,000 | -57,000,000 | 123,000,000 | ||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to chubb | 1,384,000,000 | 3,127,000,000 | 3,967,000,000 | 4,545,000,000 | 2,340,000,000 | -799,000,000 | 5,358,000,000 | 1,312,000,000 | 1,566,000,000 | 8,009,000,000 | 347,000,000 | ||||||||||||||||||||||||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share attributable to chubb | 5.94 | 8.15 | 7.05 | 7.42 | 3.32 | 6.39 | 5.75 | 5.51 | 5.28 | 8.07 | 4.99 | ||||||||||||||||||||||||||||||||||||||||
diluted earnings per share attributable to chubb | 5.88 | 8.07 | 6.99 | 7.35 | 3.29 | 6.32 | 5.7 | 5.46 | 5.23 | 8.01 | 4.95 | ||||||||||||||||||||||||||||||||||||||||
integration expenses | 750,000 | 1,000,000 | 2,000,000 | 18,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income tax expense related to oci items | -33,000,000 | -40,000,000 | -28,000,000 | -150,000,000 | -73,750,000 | -103,000,000 | -185,000,000 | -80,000,000 | |||||||||||||||||||||||||||||||||||||||||||
cigna integration expenses | 7,000,000 | 7,000,000 | 18,000,000 | 14,000,000 | 15,000,000 | 22,000,000 | 22,000,000 | 23,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | -10,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized depreciation | -394,500,000 | -2,170,000,000 | -3,010,250,000 | -3,045,000,000 | -4,788,000,000 | -2,293,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss, before income tax | -326,250,000 | -1,772,000,000 | -3,438,000,000 | -4,070,000,000 | -4,566,000,000 | -2,323,000,000 | -555,000,000 | -398,000,000 | |||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss | -352,250,000 | -1,772,000,000 | -3,132,500,000 | -3,905,000,000 | -3,754,000,000 | -1,911,000,000 | -528,000,000 | -375,000,000 | |||||||||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to noncontrolling interests | 51,000,000 | -79,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other income | -100,000,000 | -296,000,000 | 95,000,000 | 188,000,000 | 101,000,000 | -310,000,000 | -335,000,000 | -763,000,000 | -777,000,000 | -490,000,000 | -622,000,000 | -485,000,000 | 58,000,000 | 55,000,000 | 7,000,000 | 28,000,000 | 12,000,000 | 17,000,000 | -3,000,000 | -1,000,000 | -4,000,000 | 11,000,000 | 51,000,000 | -21,000,000 | 14,000,000 | 1,500,000 | 6,000,000 | -125,000,000 | 15,000,000 | 8,000,000 | 32,000,000 | -4,000,000 | -8,000,000 | -9,000,000 | -25,000,000 | -6,000,000 | |||||||||||||||
basic earnings per share | 4.35 | 4.57 | 3.16 | 1.95 | 2.88 | 4.64 | 4.99 | 4.21 | 5.09 | 5.1 | 5.35 | 2.64 | -0.73 | 0.56 | 2.4 | 2.33 | 0.245 | 0.98 | 1.65 | 1.63 | 2.89 | 1.88 | 2.87 | 0.558 | 2.23 | 1.185 | 1.46 | 1.58 | 1.69 | 0.04 | 0.16 | 2.23 | 1.12 | 1.52 | 1.98 | 1.96 | 1.49 | 0.668 | -0.43 | 1.61 | |||||||||||
diluted earnings per share | 4.32 | 4.53 | 3.14 | 1.94 | 2.86 | 4.59 | 4.94 | 4.18 | 5.06 | 5.07 | 5.33 | 2.63 | -0.73 | 0.55 | 2.38 | 2.31 | 0.243 | 0.97 | 1.633 | 1.62 | 2.86 | 1.86 | 2.84 | 0.555 | 2.22 | 1.183 | 1.46 | 1.58 | 1.69 | 0.04 | 0.16 | 2.2 | 1.1 | 1.495 | 1.95 | 1.93 | 1.46 | 0.658 | -0.43 | 1.58 | |||||||||||
common shares | |||||||||||||||||||||||||||||||||||||||||||||||||||
balance – beginning of period | 10,346 | 10,346 | 2,746.25 | 10,666 | 10,666 | 10,985 | 2,766 | 11,064 | -3,901 | -3,644 | 2,780.25 | 11,121 | -3,872 | 11,203 | 11,757 | ||||||||||||||||||||||||||||||||||||
par value reduction | -9,759 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cancellation of treasury shares | -346 | -320 | -319 | -79 | -57 | ||||||||||||||||||||||||||||||||||||||||||||||
balance – end of period | 241 | 10,346 | 2,586.5 | 10,346 | 10,666 | 10,666 | 2,746.25 | 10,985 | -5,772 | -3,901 | 2,766 | 11,064 | -3,866 | 10,710 | 11,465 | ||||||||||||||||||||||||||||||||||||
common shares in treasury | |||||||||||||||||||||||||||||||||||||||||||||||||||
common shares repurchased | -724 | -428 | -199 | -685 | -1,129 | -1,001 | -905 | -1,516 | -1,921 | -519 | -190 | ||||||||||||||||||||||||||||||||||||||||
net shares issued under employee share-based compensation plans | 22 | 200 | 64 | 28 | 35 | 255 | 62 | 77 | 50 | 262 | 87 | 2 | 6 | 208 | |||||||||||||||||||||||||||||||||||||
additional paid-in capital | |||||||||||||||||||||||||||||||||||||||||||||||||||
net shares redeemed (issued) under employee share-based compensation plans | 5 | -46.25 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||
exercise of stock options | -13 | -8 | -8 | -6 | -21 | -7 | -15 | -6 | -24 | -20 | -1 | -3 | |||||||||||||||||||||||||||||||||||||||
share-based compensation expense | 73 | 82 | 78 | 66 | 69 | 70 | 70 | 69 | 81 | 66 | 72 | 59 | 55 | 69 | 60 | ||||||||||||||||||||||||||||||||||||
funding of dividends declared to retained earnings | -354 | -344 | -345 | -346 | -348 | -340 | -342 | -346 | -352 | -352 | -352 | -353 | -353 | ||||||||||||||||||||||||||||||||||||||
retained earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||
funding of dividends declared from additional paid-in capital | 354 | 344 | 345 | 346 | 348 | 340 | 342 | 346 | 352 | 352 | 352 | 353 | 353 | 340 | 341 | ||||||||||||||||||||||||||||||||||||
dividends declared on common shares | -354 | -344 | -345 | -346 | -348 | -340 | -342 | -346 | -352 | -352 | -352 | -353 | -353 | ||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -8,275 | -3,404 | -628 | 978 | 1,822 | 958 | 1,013 | 1,856 | 1,098 | 521 | |||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 52,875 | 52,987 | 2,901 | 47,639 | 51,667 | 56,698 | 396 | 59,318 | 60,062 | 59,076 | 3,028 | 56,413 | 54,760 | 52,197 | 54,572 | ||||||||||||||||||||||||||||||||||||
total other comprehensive loss | -3,132.5 | -3,905 | |||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for net realized (gains) losses included in net income | 442,000,000 | 136,000,000 | 23,000,000 | 10,000,000 | -12,000,000 | -24,000,000 | -22,000,000 | -49,000,000 | 33,000,000 | 319,000,000 | 11,000,000 | -32,250,000 | -129,000,000 | 96,750,000 | 51,000,000 | 157,000,000 | 179,000,000 | 95,750,000 | 383,000,000 | 169,000,000 | 173,000,000 | 5,250,000 | 6,000,000 | 12,000,000 | -15,000,000 | -37,750,000 | -47,000,000 | -56,000,000 | |||||||||||||||||||||||
postretirement benefit liability adjustment | 5,000,000 | 19,000,000 | 555,000,000 | 4,000,000 | -9,000,000 | -28,000,000 | -173,000,000 | -23,000,000 | -22,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net unrealized appreciation (depreciation) on investments | -71,750,000 | -127,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in period, before reclassification from aoci, net of income tax benefit of 292, (107), 1,126, and 294 | -4,494 | ||||||||||||||||||||||||||||||||||||||||||||||||||
amounts reclassified from aoci, net of income tax expense of | 365 | -18 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 215, (113), 1,027, and 292 | -4,129 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 31, | -746 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of , 2, , and 7 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, before reclassification from aoci, net of income tax benefit of 834 and 401 | -3,954 | ||||||||||||||||||||||||||||||||||||||||||||||||||
amounts reclassified from aoci, net of income tax benefit of (22) and 4 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 812 and 405 | -3,840 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 4 and 2 | 71 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of and 5 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of adoption of accounting guidance | -18 | ||||||||||||||||||||||||||||||||||||||||||||||||||
balance – beginning of period, as adjusted | 9,834.25 | 43,902 | 41,637 | 39,337 | 9,017.5 | 35,991 | 36,322 | 36,079 | 33,878 | ||||||||||||||||||||||||||||||||||||||||||
change in period, before reclassification from aoci, net of income tax benefit of 101, | -439 | -463 | |||||||||||||||||||||||||||||||||||||||||||||||||
amounts reclassified from aoci, net of income tax benefit of | -7.75 | 7 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 98, | -446.75 | -456 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 23, (13), 7 and 27 | -19.25 | -391 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of , 5, 6 and 13 | -6.75 | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 317,000,000 | 338,000,000 | -62,000,000 | 215,000,000 | 230,000,000 | 80,000,000 | 94,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
balance – beginning and end of period | 11,064 | 11,064 | 11,121 | 11,121 | 11,121 | ||||||||||||||||||||||||||||||||||||||||||||||
change in period, before reclassification from aoci, net of income tax benefit of | 599 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of | 581 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of (18), 6, (16) and 40 | 290 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 2, 5, 7 and 8 | -7 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, before reclassification from aoci, net of income tax benefit of 401 and 324 | -1,892 | ||||||||||||||||||||||||||||||||||||||||||||||||||
amounts reclassified from aoci, net of income tax benefit of 4 and | -20 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 405 and 284 | -1,912 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 2 and 34 | 24 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 5 and 3 | -23 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment (otti) losses gross | -10,000,000 | -10,000,000 | -12,500,000 | -50,000,000 | -166,500,000 | -169,000,000 | -305,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
portion of otti losses recognized in other comprehensive income | 30,000,000 | 2,000,000 | 8,000,000 | 2,750,000 | 5,000,000 | 6,000,000 | 8,000,000 | 32,000,000 | 75,500,000 | 111,000,000 | 191,000,000 | ||||||||||||||||||||||||||||||||||||||||
net otti losses recognized in income | -10,000,000 | -10,000,000 | -4,500,000 | -18,000,000 | -91,000,000 | -58,000,000 | -114,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
net realized gains excluding otti losses | 571,000,000 | -141,000,000 | 12,000,000 | 134,000,000 | -50,000,000 | 270,000,000 | 46,500,000 | 186,000,000 | -51,250,000 | -165,000,000 | -111,000,000 | ||||||||||||||||||||||||||||||||||||||||
total net realized gains | 571,000,000 | -141,000,000 | 126,000,000 | -60,000,000 | 260,000,000 | 42,000,000 | 168,000,000 | -142,250,000 | -223,000,000 | -225,000,000 | |||||||||||||||||||||||||||||||||||||||||
chubb integration expenses | 2,000,000 | 111,000,000 | 37,000,000 | 148,000,000 | 2,250,000 | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
change in period, before reclassification from aoci, net of income tax expense of | 289 | 585 | 2,726 | ||||||||||||||||||||||||||||||||||||||||||||||||
amounts reclassified from aoci, net of income tax benefit of 7, nil, | 67 | -42 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax expense of | 356 | 543 | 2,757 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of (13), 8, 27 and 3 | -35.25 | 233 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 5, 4, 13 and 13 | -11.5 | -18 | |||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 6, 2, 40 and | 451 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 5, 3, 8 and 9 | -17 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, before reclassification from aoci, net of income tax benefit of 324 and | |||||||||||||||||||||||||||||||||||||||||||||||||||
amounts reclassified from aoci, net of income tax expense of (40) and | 279 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 284 and | |||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 34 and | |||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 3 and 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net shares redeemed under employee share-based compensation plans | 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized appreciation on investments | |||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, before reclassification from aoci, net of income tax benefit (expense) of (125), 58, (674) and 358 | 569 | ||||||||||||||||||||||||||||||||||||||||||||||||||
amounts reclassified from aoci, net of income tax benefit | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit (expense) of (125), 54, (676) and 339 | 580 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 8, 20, 3 and 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||
change in period, net of income tax benefit of 4, 3, 13 and 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in unearned premiums | 62,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income tax | 128,000,000 | 31,000,000 | 124,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for net realized losses included in net income | 8,000,000 | 38,000,000 | 152,000,000 | 4,500,000 | 49,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
315 | 315,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in unearned premiums | 150,500,000 | 602,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
1,057 | 264,250,000 | 1,057,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustment | 78,000,000 | 312,000,000 | 136,000,000 | 190,000,000 | 88,000,000 | -22,500,000 | -90,000,000 | 27,000,000 | 23,250,000 | 58,000,000 | 24,000,000 | ||||||||||||||||||||||||||||||||||||||||
pension liability | 500,000 | 2,000,000 | 2,500,000 | 3,000,000 | -4,000,000 | -2,000,000 | 1,500,000 | 6,000,000 | -3,250,000 | 1,000,000 | -10,000,000 | -4,000,000 | 1,250,000 | 5,000,000 | 1,000,000 | -750,000 | -1,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||
amortization of intangible assets | 34,000,000 | 51,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
(272 | |||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for net realized gains included in net income | -56,000,000 | -33,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
(850 | |||||||||||||||||||||||||||||||||||||||||||||||||||
change in unearned premiums | -51,000,000 | -191,000,000 | -73,500,000 | -294,000,000 | -35,250,000 | 238,000,000 | -149,000,000 | -230,000,000 | 83,250,000 | 333,000,000 | -170,000,000 | -214,000,000 | 22,000,000 | 350,000,000 | -74,000,000 | -505,000,000 | -68,750,000 | 202,000,000 | 12,000,000 | ||||||||||||||||||||||||||||||||
net realized gains: | |||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income - sum | 675,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit related to other comprehensive income items | -16,750,000 | -67,000,000 | -152,750,000 | -421,000,000 | -289,000,000 | 99,000,000 | 27,000,000 | 23,000,000 | |||||||||||||||||||||||||||||||||||||||||||
gross premiums written | 3,664,250,000 | 5,005,000,000 | 5,117,000,000 | 4,535,000,000 | 1,305,000,000 | 5,220,000,000 | 5,293,000,000 | 4,409,000,000 | 3,399,000,000 | 4,463,000,000 | 4,637,000,000 | 4,511,000,000 | 3,254,250,000 | 4,261,000,000 | 4,213,000,000 | ||||||||||||||||||||||||||||||||||||
reinsurance premiums ceded | -1,165,750,000 | -1,850,000,000 | -1,702,000,000 | -1,111,000,000 | -486,000,000 | -1,944,000,000 | -1,695,000,000 | -1,255,000,000 | -1,111,000,000 | -1,663,000,000 | -1,555,000,000 | -1,201,000,000 | -963,250,000 | -1,372,000,000 | -1,304,000,000 | ||||||||||||||||||||||||||||||||||||
cumulative translation adjustments | 106,750,000 | 160,000,000 | 325,000,000 | -58,000,000 | -38,750,000 | -155,000,000 | 6,000,000 | 19,000,000 | -26,000,000 | -25,000,000 | -68,000,000 | ||||||||||||||||||||||||||||||||||||||||
unrealized (depreciation) appreciation arising during the period | -446,000,000 | -380,500,000 | -1,522,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
future policy benefits | 22,750,000 | 91,000,000 | 89,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense | -1,750,000 | -7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit (expense) related to other comprehensive income items | 80,000,000 | 320,000,000 | 8,000,000 | 28,000,000 | 22,750,000 | 40,000,000 | -21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
unrealized depreciation arising during the period | -731,000,000 | -427,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
life and annuity benefits | 63,000,000 | 27,000,000 | 39,000,000 | 33,000,000 | 28,000,000 | 26,250,000 | 33,000,000 | 37,000,000 | |||||||||||||||||||||||||||||||||||||||||||
unrealized appreciation (depreciation) arising during the period | -497,000,000 | -34,000,000 | 218,000,000 | -117,000,000 | -33,000,000 | -78,000,000 | 247,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
income before income tax and cumulative effect of a change in accounting principle | 610,000,000 | 796,000,000 | 814,000,000 | 619,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income before cumulative effect of a change in accounting principle | 501,500,000 | 656,000,000 | 649,000,000 | 485,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of a change in accounting principle | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense related to other comprehensive income items | -5,750,000 | -28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share before cumulative effect of a change in accounting principle | 1.52 | 1.98 | 1.96 | 1.48 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share before cumulative effect of a change in accounting principle | 1.495 | 1.95 | 1.93 | 1.45 | |||||||||||||||||||||||||||||||||||||||||||||||
amortization of net unrealized (gains) losses related to transferred securities | -1,000,000 | -1,000,000 | -2,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
minimum pension liability | -1,000,000 | 1,750,000 | 1,000,000 | 4,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2014-03-31 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2011-12-31 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-03-31 | 2009-12-31 | 2008-09-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-03-31 | 2004-12-31 | 2004-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments, at fair value | 5,067,000,000 | 4,840,000,000 | 4,380,000,000 | 4,508,000,000 | 4,432,000,000 | 5,142,000,000 | 4,375,000,000 | 4,546,000,000 | 5,107,000,000 | 4,551,000,000 | 5,454,000,000 | 4,097,000,000 | 3,693,000,000 | 4,960,000,000 | 4,534,000,000 | 3,431,000,000 | 3,407,000,000 | 3,146,000,000 | 3,529,000,000 | 4,470,000,000 | 3,735,000,000 | 4,345,000,000 | 4,660,000,000 | 3,586,000,000 | 2,835,000,000 | 3,009,000,000 | 3,125,000,000 | 2,452,000,000 | 2,299,000,000 | 2,212,000,000 | 2,135,226,000 | 3,199,169,000 | 4,039,566,000 | ||||||||||||||||||||||||
fixed maturities available-for-sale, at fair value, net of valuation allowance – 50 and 52 | 123,433,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private debt held-for-investment, at amortized cost, net of valuation allowance – 2 and 3 | 2,477,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, at fair value | 10,916,000,000 | 10,801,000,000 | 10,377,000,000 | 9,913,000,000 | 9,556,000,000 | 9,151,000,000 | 4,404,000,000 | 3,792,000,000 | 3,769,000,000 | 3,455,000,000 | 3,395,000,000 | 1,043,000,000 | 942,000,000 | 827,000,000 | 844,000,000 | 2,649,000,000 | 3,596,000,000 | 4,782,000,000 | 4,557,000,000 | 4,607,000,000 | 4,405,000,000 | 4,027,000,000 | 3,088,000,000 | 2,394,000,000 | 2,068,000,000 | 933,000,000 | 948,000,000 | 937,000,000 | 910,000,000 | 856,000,000 | 835,000,000 | 851,000,000 | 837,000,000 | 832,000,000 | 744,000,000 | 770,000,000 | 647,000,000 | 537,000,000 | 692,000,000 | 415,000,000 | 316,000,000 | 467,000,000 | 1,229,000,000 | 1,660,000,000 | 1,837,000,000 | 1,866,000,000 | 1,896,000,000 | 1,772,000,000 | 1,553,000,000 | 1,416,000,000 | 1,600,000,000 | 1,507,000,000 | 1,436,000,000 | 1,350,993,000 | 1,229,284,000 | 952,979,000 | |
private equities | 17,132,000,000 | 17,239,000,000 | 16,734,000,000 | 16,313,000,000 | 15,506,000,000 | 14,769,000,000 | 14,405,000,000 | 14,365,000,000 | 14,281,000,000 | 14,078,000,000 | 13,362,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
other investments | 11,170,000,000 | 10,749,000,000 | 10,182,000,000 | 9,032,000,000 | 9,224,000,000 | 8,597,000,000 | 8,155,000,000 | 7,513,000,000 | 6,216,000,000 | 5,527,000,000 | 5,583,000,000 | 5,259,000,000 | 4,919,000,000 | 4,672,000,000 | 4,677,000,000 | 4,685,000,000 | 4,551,000,000 | 3,170,000,000 | 2,836,000,000 | 2,820,000,000 | 2,716,000,000 | 2,621,000,000 | 2,314,000,000 | 1,839,000,000 | 1,692,000,000 | 1,619,000,000 | 1,472,000,000 | 1,375,000,000 | 1,529,000,000 | 1,243,000,000 | 1,140,000,000 | 1,050,000,000 | 934,000,000 | 896,000,000 | 817,000,000 | 719,000,000 | 687,000,000 | 755,000,000 | 651,000,000 | 521,157,000 | 504,233,000 | 1,216,259,000 | |||||||||||||||
total investments | 170,195,000,000 | 165,996,000,000 | 158,314,000,000 | 152,301,000,000 | 151,223,000,000 | 140,736,000,000 | 140,370,000,000 | 129,961,000,000 | 116,636,000,000 | 115,616,000,000 | 111,740,000,000 | 109,849,000,000 | 118,247,000,000 | 122,129,000,000 | 121,370,000,000 | 118,979,000,000 | 116,047,000,000 | 110,877,000,000 | 105,284,000,000 | 107,178,000,000 | 101,186,000,000 | 102,105,000,000 | 102,424,000,000 | 100,208,000,000 | 99,491,000,000 | 62,045,000,000 | 59,690,000,000 | 61,359,000,000 | 59,817,000,000 | 55,676,000,000 | 52,739,000,000 | 51,407,000,000 | 50,971,000,000 | 47,739,000,000 | 46,515,000,000 | 41,811,000,000 | 43,230,000,000 | 41,779,000,000 | 41,467,000,000 | 39,353,000,000 | 38,320,000,000 | 35,529,000,000 | 34,363,000,000 | 33,257,000,000 | 31,922,000,000 | 29,975,000,000 | 27,406,524,000 | 28,506,058,000 | |||||||||
cash, including restricted cash 203 and 198 | 2,634,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities lending collateral | 2,277,000,000 | 2,500,000,000 | 1,899,000,000 | 1,941,000,000 | 1,909,000,000 | 1,445,000,000 | 1,927,000,000 | 1,889,000,000 | 1,708,000,000 | 1,299,000,000 | 1,469,000,000 | 1,525,000,000 | 1,582,000,000 | 1,523,000,000 | 1,626,000,000 | 1,658,000,000 | 1,800,000,000 | 1,831,000,000 | 2,368,000,000 | 2,369,000,000 | 2,076,000,000 | 1,844,000,000 | 1,851,000,000 | 1,832,000,000 | 1,342,000,000 | 962,000,000 | 2,355,000,000 | 2,039,000,000 | 1,737,000,000 | 1,757,000,000 | 1,545,000,000 | 1,071,000,000 | 1,550,000,000 | 1,662,000,000 | 1,786,000,000 | 1,791,000,000 | 2,039,000,000 | 1,375,000,000 | 1,326,000,000 | 1,495,000,000 | 1,629,000,000 | 1,611,000,000 | 1,544,000,000 | 2,050,000,000 | 2,361,000,000 | 2,109,000,000 | 2,301,000,000 | 2,811,000,000 | 2,905,000,000 | 2,034,000,000 | 1,285,000,000 | 1,782,000,000 | 1,723,000,000 | 1,438,000,000 | 1,255,326,000 | 1,059,135,000 | 1,541,684,000 |
accrued investment income | 1,351,000,000 | 1,305,000,000 | 1,427,000,000 | 1,324,000,000 | 1,196,000,000 | 1,160,000,000 | 1,165,000,000 | 1,130,000,000 | 1,090,000,000 | 1,086,000,000 | 1,040,000,000 | 983,000,000 | 953,000,000 | 941,000,000 | 900,000,000 | 829,000,000 | 822,000,000 | 821,000,000 | 825,000,000 | 837,000,000 | 857,000,000 | 867,000,000 | 862,000,000 | 845,000,000 | 839,000,000 | 857,000,000 | 870,000,000 | 895,000,000 | 909,000,000 | 911,000,000 | 901,000,000 | 897,000,000 | 553,000,000 | 536,000,000 | 545,000,000 | 552,000,000 | 564,000,000 | 547,000,000 | 535,000,000 | 521,000,000 | 539,000,000 | 517,000,000 | 502,000,000 | 478,000,000 | 416,000,000 | 416,000,000 | 414,000,000 | 381,000,000 | 362,000,000 | 339,000,000 | 333,000,000 | 341,000,000 | 338,000,000 | 329,000,000 | 306,828,000 | 307,541,000 | 260,906,000 |
insurance and reinsurance balances receivable, net of valuation allowance – 63 and 62 | 17,101,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance – 320 and 320 | 20,159,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on policy benefits | 295,000,000 | 286,000,000 | 302,000,000 | 297,000,000 | 267,000,000 | 289,000,000 | 292,000,000 | 291,000,000 | 272,000,000 | 280,000,000 | 315,000,000 | 315,000,000 | 279,000,000 | 303,000,000 | 297,000,000 | 205,000,000 | 208,000,000 | 213,000,000 | 206,000,000 | 203,000,000 | 202,000,000 | 206,000,000 | 203,000,000 | 197,000,000 | 196,000,000 | 199,000,000 | 204,000,000 | 181,000,000 | 184,000,000 | 193,000,000 | 198,000,000 | 187,000,000 | 222,000,000 | 240,000,000 | 231,000,000 | 241,000,000 | 246,000,000 | 249,000,000 | 253,000,000 | 281,000,000 | 290,000,000 | 303,000,000 | 298,000,000 | ||||||||||||||
deferred policy acquisition costs | 10,452,000,000 | 10,008,000,000 | 9,809,000,000 | 9,437,000,000 | 8,775,000,000 | 8,358,000,000 | 8,249,000,000 | 7,812,000,000 | 7,537,000,000 | 7,152,000,000 | 6,856,000,000 | 6,666,000,000 | 6,296,000,000 | 5,788,000,000 | 5,578,000,000 | 5,602,000,000 | 5,587,000,000 | 5,513,000,000 | 5,532,000,000 | 5,605,000,000 | 5,443,000,000 | 5,402,000,000 | 5,275,000,000 | 5,243,000,000 | 5,162,000,000 | 5,148,000,000 | 4,916,000,000 | 4,843,000,000 | 4,723,000,000 | 4,691,000,000 | 4,546,000,000 | 4,406,000,000 | 2,402,000,000 | 2,077,000,000 | 1,966,000,000 | 1,873,000,000 | 1,793,000,000 | 1,761,000,000 | 1,725,000,000 | 1,641,000,000 | 1,621,000,000 | 1,517,000,000 | 1,445,000,000 | 1,263,000,000 | 1,220,000,000 | 1,121,000,000 | 1,138,000,000 | 1,160,000,000 | 1,133,000,000 | 1,081,000,000 | 1,090,000,000 | 1,032,000,000 | 930,000,000 | 970,000,000 | 999,633,000 | 944,456,000 | 968,602,000 |
value of business acquired | 2,926,000,000 | 2,975,000,000 | 3,144,000,000 | 3,245,000,000 | 3,134,000,000 | 3,223,000,000 | 3,452,000,000 | 3,434,000,000 | 3,617,000,000 | 3,674,000,000 | 3,675,000,000 | 3,575,000,000 | 3,603,000,000 | 3,596,000,000 | 3,324,000,000 | 221,000,000 | 231,000,000 | 236,000,000 | 245,000,000 | 255,000,000 | 258,000,000 | 263,000,000 | 286,000,000 | 290,000,000 | 289,000,000 | 274,000,000 | 311,000,000 | 321,000,000 | 326,000,000 | 339,000,000 | 337,000,000 | 345,000,000 | 517,000,000 | 560,000,000 | 583,000,000 | 614,000,000 | 632,000,000 | 648,000,000 | 745,000,000 | 634,000,000 | 656,000,000 | 712,000,000 | 748,000,000 | 923,000,000 | |||||||||||||
goodwill | 20,370,000,000 | 20,207,000,000 | 20,237,000,000 | 20,184,000,000 | 19,716,000,000 | 19,579,000,000 | 19,990,000,000 | 19,833,000,000 | 19,696,000,000 | 19,686,000,000 | 19,554,000,000 | 16,322,000,000 | 16,175,000,000 | 16,287,000,000 | 16,107,000,000 | 15,045,000,000 | 15,244,000,000 | 15,213,000,000 | 15,387,000,000 | 15,506,000,000 | 15,412,000,000 | 15,400,000,000 | 15,254,000,000 | 15,184,000,000 | 14,971,000,000 | 15,230,000,000 | 15,476,000,000 | 15,686,000,000 | 15,541,000,000 | 15,707,000,000 | 15,434,000,000 | 15,387,000,000 | 2,763,000,000 | 2,731,000,000 | 2,731,000,000 | 2,731,000,000 | 2,731,000,000 | 2,655,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,608,449,000 | 2,612,449,000 | 2,614,107,000 | ||||||||||||
other intangible assets | 6,217,000,000 | 6,241,000,000 | 6,318,000,000 | 6,391,000,000 | 6,363,000,000 | 6,377,000,000 | 6,594,000,000 | 6,619,000,000 | 6,709,000,000 | 6,775,000,000 | 6,844,000,000 | 5,320,000,000 | 5,364,000,000 | 5,441,000,000 | 5,383,000,000 | 5,272,000,000 | 5,399,000,000 | 5,455,000,000 | 5,578,000,000 | 5,694,000,000 | 5,749,000,000 | 5,811,000,000 | 5,849,000,000 | 5,909,000,000 | 5,902,000,000 | 6,148,000,000 | 6,283,000,000 | 6,437,000,000 | 6,513,000,000 | 6,558,000,000 | 6,579,000,000 | 6,674,000,000 | |||||||||||||||||||||||||
deferred tax assets | 1,315,000,000 | 1,312,000,000 | 1,413,000,000 | 1,621,000,000 | 1,798,000,000 | 1,603,000,000 | 1,567,000,000 | 1,690,000,000 | 1,761,000,000 | 1,741,000,000 | 564,000,000 | 333,000,000 | 516,000,000 | 753,000,000 | 505,000,000 | 453,000,000 | 344,000,000 | 612,000,000 | 703,000,000 | 769,000,000 | 873,000,000 | 1,174,000,000 | 1,154,000,000 | 1,457,000,000 | 1,054,000,000 | 1,087,000,000 | 1,163,000,000 | 1,163,000,000 | 1,192,000,000 | 1,164,000,000 | 1,243,000,000 | 1,271,000,000 | 1,314,000,000 | 1,244,000,000 | 1,171,745,000 | 1,161,224,000 | 1,114,559,000 | ||||||||||||||||||||
prepaid reinsurance premiums | 4,105,000,000 | 3,874,000,000 | 4,174,000,000 | 4,294,000,000 | 3,681,000,000 | 3,378,000,000 | 3,648,000,000 | 3,747,000,000 | 3,241,000,000 | 3,221,000,000 | 3,514,000,000 | 3,599,000,000 | 3,166,000,000 | 3,140,000,000 | 3,265,000,000 | 3,356,000,000 | 3,068,000,000 | 3,028,000,000 | 3,092,000,000 | 3,141,000,000 | 2,835,000,000 | 2,769,000,000 | 2,760,000,000 | 2,725,000,000 | 2,570,000,000 | 2,691,000,000 | 2,686,000,000 | 2,600,000,000 | 2,529,000,000 | 2,506,000,000 | 2,592,000,000 | 2,549,000,000 | 1,721,000,000 | 1,819,000,000 | 1,653,000,000 | 1,617,000,000 | 1,613,000,000 | 1,541,000,000 | 1,540,000,000 | 1,511,000,000 | 1,678,000,000 | 1,646,000,000 | 1,521,000,000 | 1,770,000,000 | 1,742,000,000 | 1,600,000,000 | 1,687,000,000 | 1,854,000,000 | 1,621,000,000 | 1,686,000,000 | 1,708,000,000 | 1,505,000,000 | 1,346,000,000 | 1,441,000,000 | 1,426,971,000 | 1,319,574,000 | 1,652,426,000 |
separate account assets | 6,718,000,000 | 6,925,000,000 | 6,810,000,000 | 6,481,000,000 | 6,285,000,000 | 6,231,000,000 | 5,996,000,000 | 5,834,000,000 | 5,864,000,000 | 5,573,000,000 | 5,306,000,000 | 5,574,000,000 | 5,300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
other assets | 9,341,000,000 | 9,222,000,000 | 9,695,000,000 | 9,290,000,000 | 8,704,000,000 | 7,503,000,000 | 8,461,000,000 | 7,684,000,000 | 7,251,000,000 | 7,317,000,000 | 7,591,000,000 | 6,490,000,000 | 6,490,000,000 | 12,736,000,000 | 13,077,000,000 | 12,274,000,000 | 12,763,000,000 | 11,792,000,000 | 10,519,000,000 | 9,768,000,000 | 8,967,000,000 | 8,822,000,000 | 8,734,000,000 | 9,239,000,000 | 8,612,000,000 | 7,878,000,000 | 6,338,000,000 | 6,345,000,000 | 6,358,000,000 | 6,402,000,000 | 5,669,000,000 | 5,582,000,000 | 3,442,000,000 | 3,361,000,000 | 2,936,000,000 | 2,871,000,000 | 3,281,000,000 | 2,495,000,000 | 2,611,000,000 | 2,196,000,000 | 2,059,000,000 | 2,027,000,000 | 1,954,000,000 | 2,229,000,000 | 2,129,000,000 | 2,062,000,000 | 2,219,000,000 | 2,116,000,000 | 2,004,000,000 | 1,421,000,000 | 1,362,000,000 | 1,684,000,000 | 1,262,000,000 | 1,258,000,000 | 1,324,795,000 | 1,621,821,000 | 1,511,605,000 |
total assets | 275,456,000,000 | 272,327,000,000 | 270,210,000,000 | 261,563,000,000 | 251,752,000,000 | 246,548,000,000 | 250,557,000,000 | 238,551,000,000 | 234,867,000,000 | 230,682,000,000 | 222,748,000,000 | 205,448,000,000 | 201,415,000,000 | 199,144,000,000 | 198,111,000,000 | 195,651,000,000 | 197,990,000,000 | 200,054,000,000 | 199,054,000,000 | 197,174,000,000 | 191,977,000,000 | 190,774,000,000 | 187,786,000,000 | 181,474,000,000 | 173,127,000,000 | 175,148,000,000 | 167,534,000,000 | 168,781,000,000 | 167,022,000,000 | 167,578,000,000 | 162,988,000,000 | 160,967,000,000 | 95,179,000,000 | 93,688,000,000 | 93,461,000,000 | 92,545,000,000 | 93,508,000,000 | 87,505,000,000 | 86,220,000,000 | 83,355,000,000 | 82,388,000,000 | 79,329,000,000 | 77,980,000,000 | 75,155,000,000 | 73,919,000,000 | 72,090,000,000 | 71,954,000,000 | 71,020,000,000 | 69,774,000,000 | 66,433,000,000 | 65,390,000,000 | 64,847,000,000 | 62,440,000,000 | 60,545,000,000 | 56,964,765,000 | 56,342,436,000 | 53,651,156,000 |
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses and loss expenses | 88,915,000,000 | 88,018,000,000 | 88,439,000,000 | 86,376,000,000 | 85,471,000,000 | 84,004,000,000 | 84,326,000,000 | 82,191,000,000 | 80,341,000,000 | 80,122,000,000 | 79,705,000,000 | 76,480,000,000 | 75,417,000,000 | 76,323,000,000 | 75,992,000,000 | 74,092,000,000 | 73,844,000,000 | 72,943,000,000 | 72,631,000,000 | 70,289,000,000 | 69,255,000,000 | 67,811,000,000 | 67,905,000,000 | 65,699,000,000 | 62,214,000,000 | 63,012,000,000 | 62,778,000,000 | 63,139,000,000 | 63,179,000,000 | 64,153,000,000 | 60,394,000,000 | 60,579,000,000 | 36,866,000,000 | 37,343,000,000 | 37,082,000,000 | 37,946,000,000 | 38,200,000,000 | 37,477,000,000 | 38,843,000,000 | 37,391,000,000 | 37,742,000,000 | 37,551,000,000 | 37,783,000,000 | 38,373,000,000 | 37,182,000,000 | 37,112,000,000 | 36,868,000,000 | 36,123,000,000 | 35,813,000,000 | 35,149,000,000 | 35,564,000,000 | 35,508,000,000 | 35,055,000,000 | 34,674,000,000 | 31,425,625,000 | 31,512,621,000 | 28,224,265,000 |
unearned premiums | 27,180,000,000 | 26,279,000,000 | 26,961,000,000 | 26,519,000,000 | 24,487,000,000 | 23,504,000,000 | 24,498,000,000 | 24,102,000,000 | 22,728,000,000 | 22,051,000,000 | 22,684,000,000 | 21,860,000,000 | 20,261,000,000 | 20,360,000,000 | 20,520,000,000 | 20,386,000,000 | 19,586,000,000 | 19,101,000,000 | 19,519,000,000 | 19,167,000,000 | 18,040,000,000 | 17,652,000,000 | 17,502,000,000 | 17,081,000,000 | 16,459,000,000 | 16,571,000,000 | 15,748,000,000 | 15,495,000,000 | 15,216,000,000 | 15,456,000,000 | 15,289,000,000 | 14,857,000,000 | 7,791,000,000 | 7,851,000,000 | 7,019,000,000 | 6,864,000,000 | 7,068,000,000 | 6,334,000,000 | 6,533,000,000 | 6,330,000,000 | 6,571,000,000 | 6,437,000,000 | 6,067,000,000 | 6,459,000,000 | 6,653,000,000 | 6,227,000,000 | 6,542,000,000 | 7,001,000,000 | 6,670,000,000 | 6,676,000,000 | 6,963,000,000 | 6,554,000,000 | 5,884,000,000 | 6,238,000,000 | 6,527,031,000 | 5,922,968,000 | 6,555,437,000 |
future policy benefits | 19,273,000,000 | 18,420,000,000 | 18,288,000,000 | 18,018,000,000 | 16,690,000,000 | 16,121,000,000 | 16,003,000,000 | 14,663,000,000 | 14,375,000,000 | 13,888,000,000 | 13,109,000,000 | 11,064,000,000 | 10,782,000,000 | 10,120,000,000 | 9,586,000,000 | 5,940,000,000 | 5,974,000,000 | 5,947,000,000 | 5,890,000,000 | 5,930,000,000 | 5,839,000,000 | 5,713,000,000 | 5,955,000,000 | 5,895,000,000 | 5,776,000,000 | 5,738,000,000 | 5,470,000,000 | 5,412,000,000 | 5,321,000,000 | 5,307,000,000 | 5,190,000,000 | 5,086,000,000 | 4,632,000,000 | 4,502,000,000 | 4,465,000,000 | 4,470,000,000 | 4,414,000,000 | 4,274,000,000 | 3,480,000,000 | 3,106,000,000 | 3,083,000,000 | 3,057,000,000 | 3,008,000,000 | 2,919,000,000 | |||||||||||||
market risk benefits | 642,000,000 | 659,000,000 | 666,000,000 | 609,000,000 | 708,000,000 | 607,000,000 | 748,000,000 | 576,000,000 | 611,000,000 | 771,000,000 | 770,000,000 | 722,000,000 | 830,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
policyholders' account balances | 8,782,000,000 | 8,576,000,000 | 8,539,000,000 | 8,344,000,000 | 8,129,000,000 | 8,016,000,000 | 8,136,000,000 | 7,787,000,000 | 7,560,000,000 | 7,462,000,000 | 7,178,000,000 | 3,215,000,000 | 3,178,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
separate account liabilities | 6,718,000,000 | 6,925,000,000 | 6,810,000,000 | 6,481,000,000 | 6,285,000,000 | 6,231,000,000 | 5,996,000,000 | 5,834,000,000 | 5,864,000,000 | 5,573,000,000 | 5,306,000,000 | 5,574,000,000 | 5,300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances payable | 8,486,000,000 | 8,349,000,000 | 8,475,000,000 | 9,232,000,000 | 8,446,000,000 | 8,121,000,000 | 8,696,000,000 | 9,126,000,000 | 8,505,000,000 | 8,302,000,000 | 8,481,000,000 | 8,429,000,000 | 7,778,000,000 | 7,795,000,000 | 7,829,000,000 | 7,888,000,000 | 7,401,000,000 | 7,243,000,000 | 7,104,000,000 | 7,525,000,000 | 6,566,000,000 | 6,708,000,000 | 6,420,000,000 | 6,249,000,000 | 6,084,000,000 | 6,341,000,000 | 6,448,000,000 | 6,148,000,000 | 5,868,000,000 | 5,827,000,000 | 5,841,000,000 | 5,797,000,000 | 3,734,000,000 | 3,624,000,000 | 3,402,000,000 | 3,472,000,000 | 3,448,000,000 | 3,542,000,000 | 3,277,000,000 | 3,282,000,000 | 3,091,000,000 | 3,147,000,000 | 3,295,000,000 | 2,754,000,000 | 2,756,000,000 | 2,843,000,000 | 2,592,000,000 | 2,690,000,000 | 2,511,000,000 | 2,467,000,000 | 2,484,000,000 | 2,346,000,000 | 2,405,000,000 | 2,428,000,000 | 2,259,848,000 | 2,308,098,000 | 2,279,573,000 |
repurchase agreements | 3,736,000,000 | 3,324,000,000 | 3,360,000,000 | 3,059,000,000 | 3,124,000,000 | 2,731,000,000 | 3,048,000,000 | 3,149,000,000 | 3,022,000,000 | 2,833,000,000 | 2,617,000,000 | 1,518,000,000 | 1,420,000,000 | 1,419,000,000 | 2,417,000,000 | 3,411,000,000 | 1,406,000,000 | 1,406,000,000 | 1,406,000,000 | 1,405,000,000 | 1,405,000,000 | 1,405,000,000 | 1,413,000,000 | 1,409,000,000 | 1,408,000,000 | 1,416,000,000 | 1,413,000,000 | 1,412,000,000 | 1,408,000,000 | 1,408,000,000 | 1,408,000,000 | 1,404,000,000 | |||||||||||||||||||||||||
securities lending payable | 2,277,000,000 | 2,500,000,000 | 1,899,000,000 | 1,941,000,000 | 1,909,000,000 | 1,445,000,000 | 1,927,000,000 | 1,889,000,000 | 1,708,000,000 | 1,299,000,000 | 1,469,000,000 | 1,525,000,000 | 1,582,000,000 | 1,523,000,000 | 1,626,000,000 | 1,658,000,000 | 1,800,000,000 | 1,831,000,000 | 2,368,000,000 | 2,369,000,000 | 2,076,000,000 | 1,844,000,000 | 1,851,000,000 | 1,832,000,000 | 1,342,000,000 | 962,000,000 | 2,355,000,000 | 2,039,000,000 | 1,737,000,000 | 1,757,000,000 | 1,546,000,000 | 1,072,000,000 | 1,551,000,000 | 1,665,000,000 | 1,789,000,000 | 1,795,000,000 | 2,044,000,000 | 1,385,000,000 | 1,346,000,000 | 1,518,000,000 | 1,653,000,000 | 1,639,000,000 | 1,586,000,000 | 2,095,000,000 | 2,361,000,000 | 2,109,000,000 | 2,301,000,000 | 2,811,000,000 | 2,905,000,000 | 2,034,000,000 | 1,285,000,000 | 1,782,000,000 | 1,723,000,000 | 1,438,000,000 | 1,255,326,000 | ||
accounts payable, accrued expenses, and other liabilities | 9,881,000,000 | 10,108,000,000 | 9,582,000,000 | 9,450,000,000 | 9,213,000,000 | 10,192,000,000 | 8,967,000,000 | 8,047,000,000 | 8,357,000,000 | 8,332,000,000 | 8,422,000,000 | 6,864,000,000 | 6,656,000,000 | 15,587,000,000 | 16,673,000,000 | 14,516,000,000 | 14,914,000,000 | 15,004,000,000 | 15,470,000,000 | 14,584,000,000 | 14,051,000,000 | 14,052,000,000 | 13,074,000,000 | 12,589,000,000 | 12,055,000,000 | 12,167,000,000 | 8,933,000,000 | 8,618,000,000 | 9,545,000,000 | 9,173,000,000 | 8,952,000,000 | 9,073,000,000 | 5,218,000,000 | 5,361,000,000 | 5,701,000,000 | 5,377,000,000 | 4,542,000,000 | 3,948,000,000 | 3,041,000,000 | 2,958,000,000 | 2,721,000,000 | 2,165,000,000 | 2,349,000,000 | 2,201,000,000 | 1,825,000,000 | 1,689,000,000 | 1,445,000,000 | ||||||||||
deferred tax liabilities | 1,759,000,000 | 1,741,000,000 | 1,733,000,000 | 1,691,000,000 | 1,608,000,000 | 1,584,000,000 | 1,652,000,000 | 1,572,000,000 | 1,543,000,000 | 1,555,000,000 | 759,000,000 | 533,000,000 | 541,000,000 | 292,000,000 | 2,000,000 | 389,000,000 | 217,000,000 | 581,000,000 | 482,000,000 | 892,000,000 | 815,000,000 | 696,000,000 | 474,000,000 | 766,000,000 | 326,000,000 | 468,000,000 | 699,000,000 | 1,139,000,000 | 1,122,000,000 | 967,000,000 | |||||||||||||||||||||||||||
short-term debt | 1,500,000,000 | 1,499,000,000 | 1,499,000,000 | 1,499,000,000 | 800,000,000 | 1,571,000,000 | 1,553,000,000 | 2,265,000,000 | 1,460,000,000 | 700,000,000 | 699,000,000 | 475,000,000 | 1,475,000,000 | 1,474,000,000 | 1,474,000,000 | 999,000,000 | 1,300,000,000 | 1,300,000,000 | 1,300,000,000 | 10,000,000 | 600,000,000 | 1,669,000,000 | 1,013,000,000 | 1,020,000,000 | 922,000,000 | 300,000,000 | 1,901,000,000 | 1,901,000,000 | 1,402,000,000 | 1,401,000,000 | 1,402,000,000 | 1,251,000,000 | 1,401,000,000 | 1,300,000,000 | 155,000,000 | 150,000,000 | 161,000,000 | 333,000,000 | 1,341,000,000 | 372,000,000 | 87,000,000 | 85,000,000 | 581,000,000 | 500,000,000 | 800,000,000 | 300,000,000 | 300,000,000 | 446,000,000 | 147,059,000 | 146,295,000 | 545,740,000 | ||||||
long-term debt | 15,970,000,000 | 15,728,000,000 | 15,727,000,000 | 13,477,000,000 | 14,508,000,000 | 14,379,000,000 | 14,560,000,000 | 13,178,000,000 | 13,248,000,000 | 13,035,000,000 | 13,736,000,000 | 13,782,000,000 | 14,375,000,000 | 14,402,000,000 | 14,044,000,000 | 14,311,000,000 | 14,585,000,000 | 15,169,000,000 | 14,823,000,000 | 14,954,000,000 | 14,879,000,000 | 14,948,000,000 | 14,830,000,000 | 13,656,000,000 | 13,510,000,000 | 13,285,000,000 | 12,184,000,000 | 12,786,000,000 | 11,556,000,000 | 11,559,000,000 | 11,667,000,000 | 12,300,000,000 | 3,808,000,000 | 3,807,000,000 | 4,307,000,000 | 3,360,000,000 | 3,360,000,000 | 3,360,000,000 | 3,358,000,000 | 3,358,000,000 | 3,158,000,000 | 3,158,000,000 | 3,158,000,000 | 3,002,000,000 | 2,114,000,000 | 1,811,000,000 | 2,068,000,000 | 2,063,000,000 | 2,061,000,000 | 1,632,000,000 | 1,620,000,000 | 1,812,000,000 | 1,811,000,000 | 1,564,000,000 | 1,849,008,000 | 1,848,927,000 | 1,848,767,000 |
hybrid debt | 425,000,000 | 422,000,000 | 421,000,000 | 420,000,000 | 419,000,000 | 419,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 195,544,000,000 | 192,548,000,000 | 192,399,000,000 | 187,116,000,000 | 180,997,000,000 | 178,154,000,000 | 180,437,000,000 | 173,976,000,000 | 170,436,000,000 | 166,991,000,000 | 165,244,000,000 | 152,573,000,000 | 148,428,000,000 | 148,604,000,000 | 150,472,000,000 | 143,984,000,000 | 141,292,000,000 | 140,340,000,000 | 139,736,000,000 | 137,112,000,000 | 132,901,000,000 | 131,333,000,000 | 131,373,000,000 | 126,714,000,000 | 120,930,000,000 | 120,576,000,000 | 116,563,000,000 | 117,494,000,000 | 115,850,000,000 | 117,107,000,000 | 112,639,000,000 | 111,743,000,000 | 65,810,000,000 | 66,393,000,000 | 65,519,000,000 | 65,014,000,000 | 66,545,000,000 | 62,989,000,000 | 62,844,000,000 | 60,381,000,000 | 59,543,000,000 | 58,693,000,000 | 58,313,000,000 | 59,799,000,000 | 57,184,000,000 | 55,413,000,000 | 55,919,000,000 | 55,836,000,000 | 54,815,000,000 | 52,922,000,000 | 52,924,000,000 | 52,690,000,000 | 50,628,000,000 | 50,316,000,000 | 46,999,465,000 | 46,506,624,000 | 44,430,683,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares | 224,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 235,000,000 | 235,000,000 | 235,000,000 | 241,000,000 | 241,000,000 | 241,000,000 | 241,000,000 | 10,346,000,000 | 10,346,000,000 | 10,346,000,000 | 10,666,000,000 | 10,666,000,000 | 10,985,000,000 | 10,985,000,000 | 11,064,000,000 | 11,064,000,000 | 11,064,000,000 | 11,064,000,000 | 11,121,000,000 | 11,121,000,000 | 11,121,000,000 | 11,121,000,000 | 11,121,000,000 | 11,121,000,000 | 11,121,000,000 | 11,121,000,000 | 11,121,000,000 | 8,724,000,000 | 9,249,000,000 | 9,423,000,000 | 9,591,000,000 | 9,759,000,000 | 10,095,000,000 | 10,075,000,000 | 10,161,000,000 | 10,264,000,000 | 10,470,000,000 | 10,503,000,000 | 10,913,000,000 | |||||||||||||
common shares in treasury | -2,302,000,000 | -4,699,000,000 | -3,682,000,000 | -2,462,000,000 | -1,799,000,000 | -3,524,000,000 | -2,837,000,000 | -2,481,000,000 | -4,461,000,000 | -4,400,000,000 | -3,747,000,000 | -3,174,000,000 | -5,341,000,000 | -5,113,000,000 | -4,978,000,000 | -6,794,000,000 | -5,700,000,000 | -7,464,000,000 | -6,621,000,000 | -5,772,000,000 | -3,901,000,000 | -3,644,000,000 | -3,541,000,000 | -3,866,000,000 | -187,000,000 | -327,000,000 | -251,000,000 | -330,000,000 | -33,000,000 | -27,000,000 | -3,000,000 | -3,000,000 | |||||||||||||||||||||||||
additional paid-in capital | 12,956,000,000 | 13,250,000,000 | 13,476,000,000 | 13,763,000,000 | 13,976,000,000 | 14,393,000,000 | 14,643,000,000 | 14,926,000,000 | 15,188,000,000 | 15,665,000,000 | 15,887,000,000 | 16,163,000,000 | 6,680,000,000 | 7,166,000,000 | 7,429,000,000 | 7,707,000,000 | 7,988,000,000 | 8,478,000,000 | 8,752,000,000 | 9,046,000,000 | 9,318,000,000 | 9,815,000,000 | 10,115,000,000 | 10,416,000,000 | 10,710,000,000 | 11,465,000,000 | 13,150,000,000 | 13,430,000,000 | 13,978,000,000 | 14,217,000,000 | 14,522,000,000 | 14,795,000,000 | 5,037,000,000 | 5,128,000,000 | 5,095,000,000 | 5,179,000,000 | 5,109,000,000 | 5,326,000,000 | 5,585,000,000 | 5,623,000,000 | 5,579,000,000 | 5,494,000,000 | 5,526,000,000 | 5,415,000,000 | 6,887,000,000 | 6,812,000,000 | 6,754,000,000 | 6,712,000,000 | 6,661,000,000 | 6,594,000,000 | 6,550,000,000 | 6,523,000,000 | 6,569,000,000 | 5,044,000,000 | 5,002,701,000 | 4,899,895,000 | 4,879,892,000 |
retained earnings | 68,821,000,000 | 69,950,000,000 | 66,722,000,000 | 63,921,000,000 | 60,953,000,000 | 61,561,000,000 | 58,986,000,000 | 56,662,000,000 | 56,953,000,000 | 54,810,000,000 | 51,510,000,000 | 49,467,000,000 | 50,197,000,000 | 48,334,000,000 | 47,022,000,000 | 48,363,000,000 | 47,148,000,000 | 47,365,000,000 | 45,224,000,000 | 43,902,000,000 | 41,637,000,000 | 39,337,000,000 | 36,919,000,000 | 35,991,000,000 | 36,331,000,000 | 34,969,000,000 | 30,260,000,000 | 28,965,000,000 | 27,474,000,000 | 25,941,000,000 | 26,011,000,000 | 24,706,000,000 | 14,525,000,000 | 11,877,000,000 | 10,986,000,000 | 10,033,000,000 | 9,268,000,000 | 7,511,000,000 | 6,185,000,000 | 5,926,000,000 | 4,925,000,000 | 3,573,000,000 | 2,818,000,000 | 54,000,000 | 9,358,000,000 | 9,080,000,000 | 8,609,000,000 | 8,053,000,000 | 7,504,000,000 | 6,334,000,000 | 5,849,000,000 | 5,369,000,000 | 4,965,000,000 | 4,815,000,000 | 4,603,645,000 | 4,242,174,000 | 4,104,754,000 |
accumulated other comprehensive income | -5,911,000,000 | -4,975,000,000 | -4,892,000,000 | -6,058,000,000 | -7,635,000,000 | -8,644,000,000 | -5,270,000,000 | -8,304,000,000 | -7,386,000,000 | -6,809,000,000 | -11,518,000,000 | -9,822,000,000 | -8,895,000,000 | -10,193,000,000 | -12,180,000,000 | -8,275,000,000 | -3,404,000,000 | 350,000,000 | 978,000,000 | 1,822,000,000 | 958,000,000 | 2,869,000,000 | 1,856,000,000 | 1,098,000,000 | 521,000,000 | 543,000,000 | 1,069,000,000 | 370,000,000 | 1,526,000,000 | 1,260,000,000 | 2,650,000,000 | 2,887,000,000 | 3,014,000,000 | 1,911,000,000 | 1,782,000,000 | 1,594,000,000 | 2,110,000,000 | 1,126,000,000 | 823,000,000 | -1,023,000,000 | 474,000,000 | 769,000,000 | 656,000,000 | 403,000,000 | 778,000,000 | 568,000,000 | 52,000,000 | 250,000,000 | 332,000,000 | 441,000,000 | 459,262,000 | 736,426,000 | 305,538,000 | ||||
total chubb shareholders’ equity | 73,788,000,000 | 71,855,000,000 | 69,395,000,000 | 65,726,000,000 | 65,757,000,000 | 61,038,000,000 | 60,535,000,000 | 52,373,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | 6,124,000,000 | 6,022,000,000 | 5,956,000,000 | 5,052,000,000 | 5,029,000,000 | 4,373,000,000 | 4,363,000,000 | 3,537,000,000 | 3,896,000,000 | 4,184,000,000 | 5,131,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 79,912,000,000 | 77,811,000,000 | 74,447,000,000 | 70,755,000,000 | 70,120,000,000 | 64,575,000,000 | 64,431,000,000 | 57,504,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 275,456,000,000 | 272,327,000,000 | 270,210,000,000 | 261,563,000,000 | 251,752,000,000 | 246,548,000,000 | 250,557,000,000 | 238,551,000,000 | 234,867,000,000 | 230,682,000,000 | 222,748,000,000 | 205,448,000,000 | 201,415,000,000 | 199,144,000,000 | 198,111,000,000 | 195,651,000,000 | 197,990,000,000 | 200,054,000,000 | 199,054,000,000 | 197,174,000,000 | 191,977,000,000 | 190,774,000,000 | 187,786,000,000 | 181,474,000,000 | 173,127,000,000 | 175,148,000,000 | 167,534,000,000 | 168,781,000,000 | 167,022,000,000 | 167,578,000,000 | 162,988,000,000 | 160,967,000,000 | 95,179,000,000 | 93,688,000,000 | 93,461,000,000 | 92,545,000,000 | 93,508,000,000 | 87,505,000,000 | 86,220,000,000 | 83,355,000,000 | 82,388,000,000 | 79,329,000,000 | 77,980,000,000 | 75,155,000,000 | 73,919,000,000 | 72,090,000,000 | 71,954,000,000 | 71,020,000,000 | 69,774,000,000 | 66,433,000,000 | 64,847,000,000 | 62,440,000,000 | 60,545,000,000 | 56,964,765,000 | 56,342,436,000 | 53,651,156,000 | |
fixed maturities available-for-sale, at fair value, net of valuation allowance – 52 and 70 | 122,680,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private debt held-for-investment, at amortized cost, net of valuation allowance – 3 and 4 | 2,411,000,000 | 2,535,000,000 | 2,429,000,000 | 2,460,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, including restricted cash 198 and 261 | 2,470,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance – 62 and 59 | 15,944,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance – 320 and 310 | 20,338,000,000 | 20,015,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total chubb shareholders' equity | 73,757,000,000 | 64,021,000,000 | 59,507,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 79,779,000,000 | 68,394,000,000 | 63,691,000,000 | 52,875,000,000 | 52,987,000,000 | 50,540,000,000 | 47,639,000,000 | 51,667,000,000 | 56,698,000,000 | 59,714,000,000 | 59,318,000,000 | 60,062,000,000 | 59,076,000,000 | 59,441,000,000 | 56,413,000,000 | 54,760,000,000 | 52,197,000,000 | 54,572,000,000 | 50,971,000,000 | 51,287,000,000 | 51,172,000,000 | 50,471,000,000 | 50,349,000,000 | 49,224,000,000 | 29,369,000,000 | 27,295,000,000 | 27,942,000,000 | 27,531,000,000 | 26,963,000,000 | 24,516,000,000 | 23,376,000,000 | 22,974,000,000 | 22,845,000,000 | 20,636,000,000 | 19,667,000,000 | 15,356,000,000 | 16,735,000,000 | 16,677,000,000 | 16,035,000,000 | 15,184,000,000 | 14,959,000,000 | 13,511,000,000 | 12,466,000,000 | 12,157,000,000 | 11,812,000,000 | 10,229,000,000 | 9,965,300,000 | 9,835,812,000 | 9,220,473,000 | ||||||||
fixed maturities available-for-sale, at fair value, net of valuation allowance – 50 and 70 | 121,788,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, including restricted cash 213 and 261 | 2,454,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance – 60 and 59 | 16,305,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance – 326 and 310 | 20,227,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available-for-sale, at fair value, net of valuation allowance – 71 and 70 | 116,119,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, including restricted cash 182 and 261 | 2,371,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance – 55 and 59 | 16,778,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance – 323 and 310 | 19,595,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available-for-sale, at fair value, net of valuation allowance – 63 and 70 | 111,123,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, including restricted cash 278 and 261 | 2,250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance – 58 and 59 | 15,358,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available-for-sale, at fair value, net of valuation allowance – 70 and 156 | 110,363,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private debt held-for-investment, at amortized cost, net of valuation allowance – 4 and 4 | 2,628,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, including restricted cash 261 and 172 | 2,549,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance – 59 and 53 | 14,426,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance – 310 and 367 | 19,777,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available-for-sale, at fair value, net of valuation allowance - 75 and 156 | 117,265,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private debt held-for-investment, at amortized cost, net of valuation allowance - 5 and 4 | 2,619,000,000 | 2,680,000,000 | 2,708,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, including restricted cash 153 and 172 | 2,678,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 58 and 53 | 15,709,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 388 and 367 | 19,606,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trust preferred securities | 309,000,000 | 309,000,000 | 309,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 309,000,000 | 412,000,000 | 412,373,000 | 412,373,000 | 487,373,000 | ||||||
fixed maturities available-for-sale, at fair value, net of valuation allowance - 122 and 156 | 107,840,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, including restricted cash 168 and 172 | 2,568,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 54 and 53 | 15,929,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 381 and 367 | 19,355,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available-for-sale, at fair value, net of valuation allowance - 115 and 156 | 108,289,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, including restricted cash 143 and 172 | 2,651,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 47 and 53 | 13,991,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 375 and 367 | 19,109,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available-for-sale, at fair value, net of valuation allowance – 156 and 169 | 106,571,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance – nil and 34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private debt held-for-investment, at amortized cost, net of valuation allowance – 4 and nil | 2,553,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, including restricted cash 172 and 115 | 2,621,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance – 53 and 52 | 13,379,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance – 367 and 351 | 19,952,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in partially-owned insurance companies | 191,000,000 | 188,000,000 | 3,542,000,000 | 3,728,000,000 | 2,877,000,000 | 2,943,000,000 | 3,002,000,000 | 3,161,000,000 | 3,130,000,000 | 3,006,000,000 | 2,983,000,000 | 2,871,000,000 | 2,813,000,000 | 2,534,000,000 | 1,364,000,000 | 1,346,000,000 | 1,064,000,000 | 675,000,000 | 664,000,000 | 662,000,000 | 652,000,000 | 662,000,000 | 666,000,000 | 466,000,000 | 452,000,000 | 449,000,000 | 454,000,000 | 354,000,000 | 380,000,000 | 348,000,000 | 360,000,000 | 510,000,000 | 454,000,000 | 433,000,000 | 867,000,000 | 776,000,000 | 773,000,000 | 786,000,000 | 826,000,000 | 804,000,000 | 917,000,000 | 894,000,000 | 885,000,000 | 876,000,000 | 862,000,000 | 822,588,000 | 796,356,000 | ||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 158 and 169 | 99,766,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance - nil and 34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private debt held-for-investment, at amortized cost | 2,401,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, including restricted cash 192 and 115 | 2,778,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 53 and 52 | 13,907,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 370 and 351 | 19,750,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 193 and 169 | 96,789,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments, at fair value | 14,707,000,000 | 14,192,000,000 | 13,696,000,000 | 13,645,000,000 | 12,168,000,000 | 11,947,000,000 | 11,169,000,000 | 10,843,000,000 | 9,457,000,000 | 8,636,000,000 | 7,945,000,000 | 6,796,000,000 | 5,923,000,000 | 6,075,000,000 | |||||||||||||||||||||||||||||||||||||||||||
cash | 2,285,000,000 | 2,288,000,000 | 2,012,000,000 | 2,128,000,000 | 7,122,000,000 | 1,734,000,000 | 1,659,000,000 | 1,620,000,000 | 1,843,000,000 | 1,684,000,000 | 1,747,000,000 | 1,707,000,000 | 1,557,000,000 | 1,512,000,000 | 1,478,000,000 | 1,000,000,000 | 1,988,000,000 | 728,000,000 | 1,088,000,000 | 1,297,000,000 | 1,063,000,000 | 847,000,000 | 679,000,000 | 855,000,000 | 615,000,000 | 690,000,000 | 614,000,000 | 1,115,000,000 | 772,000,000 | 487,000,000 | 726,000,000 | 669,000,000 | 479,000,000 | 511,000,000 | 510,000,000 | 506,000,000 | 621,000,000 | 639,000,000 | 544,000,000 | 552,000,000 | 398,000,000 | 512,000,000 | 409,000,000 | 574,118,000 | 533,995,000 | 663,240,000 | |||||||||||
restricted cash | 90,000,000 | 94,000,000 | 115,000,000 | 136,000,000 | 117,000,000 | 180,000,000 | 152,000,000 | 176,000,000 | 155,000,000 | 157,000,000 | 89,000,000 | 166,000,000 | 152,000,000 | 146,000,000 | 111,000,000 | 101,000,000 | 125,000,000 | ||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 52 and 52 | 14,128,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 361 and 351 | 18,398,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 168 and 169 | 88,364,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance - 33 and 34 | 8,425,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 51 and 52 | 12,340,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 351 and 351 | 18,141,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 169 and 14 | 85,220,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance - 34 and 35 | 8,848,000,000 | 9,532,000,000 | 9,818,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 52 and 46 | 11,933,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 351 and 329 | 18,901,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 147 and 14 | 83,741,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance - 33 and 35 | 8,976,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 51 and 46 | 12,853,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 352 and 329 | 18,754,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 78 and 14 | 82,069,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 50 and 46 | 12,758,000,000 | 11,452,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 341 and 329 | 17,777,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 27 and 14 | 89,479,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 329 and 329 | 17,761,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 14 and 20 | 93,108,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance - 35 and 44 | 10,118,000,000 | 10,515,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 46 and 44 | 11,322,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 329 and 314 | 17,366,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 12 and 20 | 92,685,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 42 and 44 | 11,723,000,000 | 11,720,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 325 and 314 | 16,648,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 11 and 20 | 92,163,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance - 37 and 44 | 10,673,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 322 and 314 | 15,725,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 15 and 20 | 91,071,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance - 43 and 44 | 11,132,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 43 and 44 | 10,573,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 317 and 314 | 15,914,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable, net of valuation allowance - 44 and 44 | 10,480,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 314 and 316 | 15,592,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 34 at september 30, 2020 | 89,852,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance - 45 at september 30, 2020 | 11,651,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable | 10,588,000,000 | 10,853,000,000 | 10,058,000,000 | 10,403,000,000 | 10,341,000,000 | 9,570,000,000 | 9,334,000,000 | 9,551,000,000 | 9,662,000,000 | 8,880,000,000 | 4,761,000,000 | 5,022,000,000 | 4,154,000,000 | 4,147,000,000 | 5,288,000,000 | 4,387,000,000 | 4,102,000,000 | 4,233,000,000 | 3,694,000,000 | 3,685,000,000 | 3,671,000,000 | 3,499,000,000 | 3,748,000,000 | 3,540,000,000 | 3,324,000,000 | 3,923,000,000 | 3,689,000,000 | 3,733,000,000 | 3,941,000,000 | 3,742,000,000 | 3,343,000,000 | 3,508,000,000 | 3,692,013,000 | 3,272,490,000 | 3,566,647,000 | ||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance – 320 and 316 | 15,670,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 69 at june 30, 2020 | 86,712,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance - 51 at june 30, 2020 | 11,845,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments, at fair value, net of valuation allowance - 2 at june 30, 2020 | 4,003,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 303 and 316 | 15,207,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value, net of valuation allowance - 176 at march 31, 2020 | 81,530,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost, net of valuation allowance - 45 at march 31, 2020 | 12,025,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses, net of valuation allowance - 305 and 316 | 14,898,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value | 85,044,000,000 | 77,963,000,000 | 79,111,000,000 | 78,939,000,000 | 83,686,000,000 | 81,645,000,000 | 80,806,000,000 | 49,611,000,000 | 47,016,000,000 | 47,947,000,000 | 47,306,000,000 | 46,504,000,000 | 41,967,000,000 | 38,718,000,000 | 37,539,000,000 | 41,103,000,000 | 40,564,000,000 | 39,525,000,000 | 33,158,000,000 | 32,619,000,000 | 33,184,000,000 | 32,632,000,000 | 30,591,000,000 | 29,934,000,000 | 27,069,000,000 | 25,962,000,000 | 25,411,000,000 | 24,285,000,000 | 22,551,000,000 | 20,188,127,000 | |||||||||||||||||||||||||||
fixed maturities held to maturity, at amortized cost | 12,622,000,000 | 13,860,000,000 | 14,253,000,000 | 14,335,000,000 | 10,160,000,000 | 10,371,000,000 | 10,519,000,000 | 5,887,000,000 | 6,576,000,000 | 6,867,000,000 | 7,270,000,000 | 7,493,000,000 | 8,447,000,000 | 9,270,000,000 | 9,501,000,000 | 5,977,000,000 | 3,335,000,000 | 3,481,000,000 | 2,881,000,000 | 2,913,000,000 | 2,987,000,000 | 2,979,000,000 | 3,013,000,000 | 3,060,000,000 | 3,081,000,000 | 3,141,000,000 | 3,107,000,000 | 3,076,000,000 | 3,125,000,000 | 3,211,021,000 | |||||||||||||||||||||||||||
equity securities, at fair value and cost | 722,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments, at fair value and cost | 5,955,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses | 15,527,000,000 | 14,792,000,000 | 14,982,000,000 | 15,034,000,000 | 14,799,000,000 | 13,358,000,000 | 13,769,000,000 | 10,755,000,000 | 11,442,000,000 | 11,530,000,000 | 12,078,000,000 | 11,857,000,000 | 12,389,000,000 | 13,749,000,000 | 12,871,000,000 | 13,475,000,000 | 13,335,000,000 | 13,595,000,000 | 14,225,000,000 | ||||||||||||||||||||||||||||||||||||||
short-term investments, at fair value and amortized cost | 3,171,000,000 | 2,874,000,000 | 3,561,000,000 | 2,991,000,000 | 2,651,000,000 | 2,780,000,000 | 2,526,000,000 | 2,425,000,000 | 2,893,000,000 | 2,228,000,000 | 2,429,000,000 | 2,301,000,000 | 2,375,000,000 | 1,983,000,000 | 1,857,000,000 | 2,052,000,000 | 1,667,000,000 | 3,014,000,000 | 4,795,000,000 | 2,631,000,000 | 2,940,000,000 | 2,919,000,000 | 2,658,000,000 | ||||||||||||||||||||||||||||||||||
goodwill and other intangible assets | 5,382,000,000 | 5,395,000,000 | 4,909,000,000 | 4,975,000,000 | 4,990,000,000 | 4,831,000,000 | 4,729,000,000 | 4,664,000,000 | 3,906,000,000 | 3,883,000,000 | 3,931,000,000 | 3,817,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 30,000,000 | 43,000,000 | 20,000,000 | 221,000,000 | 159,000,000 | 149,000,000 | 116,000,000 | 260,000,000 | 223,000,000 | 111,000,000 | 198,000,000 | 111,000,000 | 174,000,000 | 168,000,000 | 265,000,000 | 166,000,000 | 138,000,000 | 179,000,000 | |||||||||||||||||||||||||||||||||||||||
deposit liabilities | 804,000,000 | 663,000,000 | 494,000,000 | 421,000,000 | 327,000,000 | 323,000,000 | 332,000,000 | 346,000,000 | 362,000,000 | 351,000,000 | 355,000,000 | 363,000,000 | 327,000,000 | 346,000,000 | 348,000,000 | 318,000,000 | 350,000,000 | 331,000,000 | 301,524,000 | 343,487,000 | |||||||||||||||||||||||||||||||||||||
payable for securities purchased | 733,000,000 | 287,000,000 | 613,000,000 | 292,000,000 | 473,000,000 | 534,000,000 | 154,000,000 | 1,008,000,000 | 1,391,000,000 | 1,798,000,000 | 2,407,000,000 | 2,257,000,000 | 1,338,000,000 | 1,461,000,000 | 1,466,000,000 | 1,588,000,000 | 701,000,000 | 710,000,000 | 629,614,000 | 717,102,000 | 726,081,000 | ||||||||||||||||||||||||||||||||||||
deferred compensation obligation | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 8,000,000 | 12,273,000 | 11,829,000 | 12,988,000 | ||||||||||||||||||||||||||||||||||||||
common shares issued to employee trust | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on future policy benefits | 276,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes receivable | 11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,300,000 | 2,300,000 | 2,300,000 | ||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable | 13,969,000,000 | 14,362,000,000 | 14,218,000,000 | 14,081,000,000 | 14,374,000,000 | 14,729,000,000 | 15,270,000,000 | 15,569,000,000 | 15,463,000,000 | 15,662,000,000 | 14,608,236,000 | 15,253,896,000 | 14,374,339,000 | ||||||||||||||||||||||||||||||||||||||||||||
future policy benefits for life and annuity contracts | 632,000,000 | 545,000,000 | 527,000,000 | 521,000,000 | 521,000,000 | 516,000,000 | 521,000,000 | 519,000,000 | 521,000,000 | 521,000,000 | 507,186,000 | 509,005,000 | 505,298,000 | ||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 1,885,000,000 | 1,514,000,000 | 1,364,000,000 | 1,138,000,000 | 1,206,000,000 | 1,402,000,000 | 1,361,000,000 | 1,493,507,000 | 1,523,521,000 | 1,234,827,000 | |||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 12,000,000 | 11,973,000 | 11,817,000 | ||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares issued to employee trust | -3,000,000 | -3,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -5,000,000 | -5,000,000 | -6,000,000 | -6,000,000 | -8,000,000 | -12,273,000 | -11,829,000 | -12,988,000 | ||||||||||||||||||||||||||||||||||||||||||||
accounts and notes receivable | 152,000,000 | 178,000,000 | 172,000,000 | 197,000,000 | 202,000,000 | 195,382,000 | 195,710,000 | 195,129,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
funds withheld | 229,000,000 | 243,000,000 | 277,000,000 | 276,000,000 | 304,000,000 | 298,147,000 | 340,082,000 | 347,407,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
value of reinsurance business assumed | 220,000,000 | 225,000,000 | 229,000,000 | 235,000,000 | 240,000,000 | 274,010,000 | 273,140,000 | 310,363,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 82,000,000 | 82,000,000 | 75,000,000 | 74,000,000 | 66,000,000 | 60,344,000 | 59,739,000 | 59,557,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
unearned stock grant compensation | -69,000,000 | -85,000,000 | -114,581,000 | -56,836,000 | -83,828,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholder’s equity | 65,390,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares (0.041666667 par value, 500,000,000 shares authorized; | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
323,322,586 and 284,478,525 shares issued and outstanding) | 13,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities, at fair value | 18,348,288,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities on loan, at fair value | 1,038,243,000 | 1,514,734,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total investments available for sale | 27,205,469,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
284,478,525 and 279,897,193 shares issued and outstanding) | 11,853,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments and cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total investments and cash | 26,735,066,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contract holder deposit funds | 221,308,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-06-30 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 2,347,000,000 | 3,173,000,000 | 3,107,000,000 | 2,999,000,000 | 1,343,000,000 | 2,640,000,000 | 2,490,000,000 | 2,216,000,000 | 2,294,000,000 | 3,290,000,000 | 2,040,000,000 | 1,793,000,000 | 1,892,000,000 | 1,312,000,000 | 812,000,000 | 1,215,000,000 | 1,974,000,000 | 2,141,000,000 | 1,833,000,000 | 2,265,000,000 | 2,300,000,000 | 2,418,000,000 | 1,194,000,000 | -331,000,000 | 252,000,000 | 1,091,000,000 | 1,150,000,000 | 1,040,000,000 | 1,231,000,000 | -70,000,000 | 1,305,000,000 | 1,093,000,000 | 1,360,000,000 | 726,000,000 | 439,000,000 | 528,000,000 | 942,000,000 | 681,000,000 | 785,000,000 | 779,000,000 | 734,000,000 | 916,000,000 | 891,000,000 | 953,000,000 | 640,000,000 | 328,000,000 | 973,000,000 | 750,000,000 | -31,000,000 | 607,000,000 | 259,000,000 | 1,001,000,000 | 755,000,000 | 953,000,000 | 494,000,000 | 535,000,000 | 567,000,000 | 20,000,000 | 54,000,000 | 746,000,000 | 377,000,000 | 649,000,000 | 701,000,000 | |||||
adjustments to reconcile net income to net cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized losses | 407,000,000 | 116,000,000 | -283,000,000 | -160,000,000 | 116,000,000 | 84,000,000 | -198,000,000 | -104,000,000 | 101,000,000 | 123,000,000 | -83,000,000 | 760,000,000 | 73,000,000 | 45,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
market risk benefits losses | -14,000,000 | 37,000,000 | 142,000,000 | 17,000,000 | 92,000,000 | -98,000,000 | 230,000,000 | 29,000,000 | -21,000,000 | 153,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premiums on fixed maturities | -102,000,000 | -106,000,000 | -107,000,000 | -96,000,000 | -100,000,000 | -96,000,000 | -93,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of purchased intangibles | 73,000,000 | 77,000,000 | 75,000,000 | 74,000,000 | 75,000,000 | 82,000,000 | 81,000,000 | 80,000,000 | 80,000,000 | 84,000,000 | 84,000,000 | 70,000,000 | 72,000,000 | 74,000,000 | 69,000,000 | 71,000,000 | 71,000,000 | 71,000,000 | 71,000,000 | 73,000,000 | 72,000,000 | 73,000,000 | 72,000,000 | 72,000,000 | 73,000,000 | 76,000,000 | 77,000,000 | 76,000,000 | 83,000,000 | |||||||||||||||||||||||||||||||||||||||
equity in net income of partially-owned entities | -157,000,000 | -364,000,000 | -40,000,000 | -657,000,000 | -82,000,000 | -346,000,000 | -343,000,000 | -94,000,000 | -184,000,000 | -257,000,000 | -150,000,000 | -120,000,000 | -340,000,000 | 176,000,000 | 98,000,000 | 71,000,000 | -361,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 156,000,000 | 122,000,000 | 224,000,000 | 182,000,000 | -198,000,000 | -54,000,000 | 19,000,000 | 155,000,000 | -24,000,000 | -1,163,000,000 | -4,000,000 | 34,000,000 | 9,000,000 | 139,000,000 | -117,000,000 | 17,000,000 | 93,000,000 | 194,000,000 | -240,000,000 | -46,000,000 | 15,000,000 | -55,000,000 | 101,000,000 | 7,000,000 | -76,000,000 | 71,000,000 | 63,000,000 | 35,000,000 | 45,000,000 | 2,000,000 | -1,000,000 | 14,000,000 | -42,000,000 | 28,000,000 | 19,000,000 | 132,000,000 | -62,000,000 | 103,000,000 | -54,000,000 | -48,000,000 | -20,000,000 | -111,000,000 | -42,000,000 | 0 | 12,000,000 | 53,000,000 | -37,000,000 | |||||||||||||||||||||
unpaid losses and loss expenses | 646,000,000 | -392,000,000 | 1,874,000,000 | 42,000,000 | 1,182,000,000 | 325,000,000 | 1,904,000,000 | 2,163,000,000 | 175,000,000 | 200,000,000 | 2,709,000,000 | 575,000,000 | -14,000,000 | -626,000,000 | 2,868,000,000 | 1,023,000,000 | 957,000,000 | 884,000,000 | 2,742,000,000 | 797,000,000 | 1,368,000,000 | -448,000,000 | 1,940,000,000 | 2,944,000,000 | 228,000,000 | 37,000,000 | 178,000,000 | 62,000,000 | 586,000,000 | 337,000,000 | 201,000,000 | -505,000,000 | 1,074,000,000 | -152,000,000 | -492,000,000 | -783,000,000 | -175,000,000 | -15,000,000 | 1,016,000,000 | -418,000,000 | -90,000,000 | 9,000,000 | 424,000,000 | -141,000,000 | 6,000,000 | 76,000,000 | 1,230,000,000 | 135,000,000 | -141,000,000 | 172,000,000 | 253,000,000 | |||||||||||||||||
unearned premiums | 747,000,000 | -705,000,000 | 357,000,000 | 1,578,000,000 | 868,000,000 | -758,000,000 | 349,000,000 | 1,581,000,000 | 633,000,000 | -708,000,000 | 172,000,000 | 1,322,000,000 | 591,000,000 | -558,000,000 | 451,000,000 | 1,082,000,000 | 502,000,000 | -175,000,000 | 499,000,000 | 1,030,000,000 | 503,000,000 | -35,000,000 | 343,000,000 | 346,000,000 | 192,000,000 | 253,000,000 | 534,000,000 | 274,000,000 | 144,000,000 | -46,000,000 | 369,000,000 | 17,000,000 | -67,000,000 | 208,000,000 | 212,000,000 | -145,000,000 | 324,000,000 | 270,000,000 | -90,000,000 | 426,000,000 | 267,000,000 | -72,000,000 | 515,000,000 | 265,000,000 | -223,000,000 | -246,000,000 | 353,000,000 | 125,000,000 | -255,000,000 | 394,000,000 | -292,000,000 | -378,000,000 | 433,000,000 | 339,000,000 | -364,000,000 | -435,000,000 | 351,000,000 | 320,000,000 | 302,000,000 | 216,000,000 | ||||||||
future policy benefits | 1,023,000,000 | 540,000,000 | 468,000,000 | 738,000,000 | 440,000,000 | 442,000,000 | 445,000,000 | 509,000,000 | 445,000,000 | 278,000,000 | 219,000,000 | 215,000,000 | 136,000,000 | 424,000,000 | -19,000,000 | 23,000,000 | 36,000,000 | 76,000,000 | 53,000,000 | 63,000,000 | 47,000,000 | 98,000,000 | 51,000,000 | 56,000,000 | 31,000,000 | 47,000,000 | 60,000,000 | 41,000,000 | 26,000,000 | 52,000,000 | 94,000,000 | 40,000,000 | 23,000,000 | 78,000,000 | 28,000,000 | 43,000,000 | 66,000,000 | 48,000,000 | 42,000,000 | 83,000,000 | 56,000,000 | 32,000,000 | 73,000,000 | 44,000,000 | 55,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 14,000,000 | 82,000,000 | -45,000,000 | -46,000,000 | 53,000,000 | -38,000,000 | 8,000,000 | 75,000,000 | 22,000,000 | 89,000,000 | 71,000,000 | |||||||||
insurance and reinsurance balances payable | 77,000,000 | -120,000,000 | -767,000,000 | 713,000,000 | 305,000,000 | -538,000,000 | -405,000,000 | 683,000,000 | 155,000,000 | -178,000,000 | -565,000,000 | 597,000,000 | -9,000,000 | -98,000,000 | -111,000,000 | 523,000,000 | 147,000,000 | 174,000,000 | -388,000,000 | 832,000,000 | -36,000,000 | 255,000,000 | 162,000,000 | 116,000,000 | 2,000,000 | 13,000,000 | -101,000,000 | -31,000,000 | 26,000,000 | 252,000,000 | -44,000,000 | -313,000,000 | 374,000,000 | 158,000,000 | 39,000,000 | 30,000,000 | 112,000,000 | -19,000,000 | 223,000,000 | -41,000,000 | -114,000,000 | 66,000,000 | -126,000,000 | 58,000,000 | -291,000,000 | 496,000,000 | -47,000,000 | 118,000,000 | -122,000,000 | 215,000,000 | -19,000,000 | 121,000,000 | 117,000,000 | 236,000,000 | -317,000,000 | 212,000,000 | -157,000,000 | 176,000,000 | 56,000,000 | |||||||||
accounts payable, accrued expenses, and other liabilities | -592,000,000 | 652,000,000 | -609,000,000 | 577,000,000 | -567,000,000 | 517,000,000 | 235,000,000 | -143,000,000 | -267,000,000 | -343,000,000 | -4,000,000 | 2,000,000 | -390,000,000 | -350,000,000 | 463,000,000 | 448,000,000 | -338,000,000 | 491,000,000 | 675,000,000 | 33,000,000 | -663,000,000 | -288,000,000 | 494,000,000 | 86,000,000 | 144,000,000 | 261,000,000 | 56,000,000 | -65,000,000 | -469,000,000 | 505,000,000 | 80,000,000 | -77,000,000 | 14,000,000 | -104,000,000 | 86,000,000 | 68,000,000 | -292,000,000 | -68,000,000 | 378,000,000 | 186,000,000 | ||||||||||||||||||||||||||||
income taxes | 217,000,000 | -48,000,000 | -38,000,000 | -277,000,000 | 203,000,000 | 198,000,000 | 15,000,000 | -401,000,000 | 257,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and reinsurance balances receivable | -1,076,000,000 | 386,000,000 | 535,000,000 | -1,214,000,000 | -874,000,000 | 1,190,000,000 | 198,000,000 | -2,080,000,000 | -586,000,000 | 546,000,000 | 426,000,000 | -1,642,000,000 | -402,000,000 | 1,060,000,000 | -196,000,000 | -1,435,000,000 | -125,000,000 | 273,000,000 | -77,000,000 | -971,000,000 | -209,000,000 | 210,000,000 | 321,000,000 | 278,000,000 | 30,000,000 | 601,000,000 | 240,000,000 | 264,000,000 | -566,000,000 | -45,000,000 | -277,000,000 | -493,000,000 | -58,000,000 | 886,000,000 | -525,000,000 | -808,000,000 | 230,000,000 | 38,000,000 | -65,000,000 | -81,000,000 | 446,000,000 | -79,000,000 | -405,000,000 | -53,000,000 | 519,000,000 | -307,000,000 | -165,000,000 | -220,000,000 | -103,000,000 | |||||||||||||||||||
reinsurance recoverable | 244,000,000 | -97,000,000 | -566,000,000 | 621,000,000 | -127,000,000 | -342,000,000 | -199,000,000 | -341,000,000 | 852,000,000 | -110,000,000 | -843,000,000 | -167,000,000 | 622,000,000 | 105,000,000 | -1,231,000,000 | -194,000,000 | -456,000,000 | -882,000,000 | -1,024,000,000 | 243,000,000 | -290,000,000 | 160,000,000 | -425,000,000 | -187,000,000 | 116,000,000 | -139,000,000 | 472,000,000 | 327,000,000 | 221,000,000 | |||||||||||||||||||||||||||||||||||||||
deferred policy acquisition costs | -419,000,000 | -306,000,000 | -390,000,000 | -442,000,000 | -428,000,000 | -287,000,000 | -346,000,000 | -406,000,000 | -390,000,000 | -268,000,000 | -286,000,000 | -292,000,000 | -254,000,000 | -8,000,000 | -116,000,000 | -108,000,000 | -96,000,000 | -39,000,000 | -10,000,000 | -117,000,000 | -81,000,000 | -12,000,000 | -15,000,000 | -147,000,000 | -121,000,000 | -101,000,000 | -87,000,000 | -72,000,000 | -6,000,000 | -5,000,000 | -85,000,000 | -64,000,000 | -21,000,000 | -91,000,000 | -55,000,000 | -59,000,000 | -122,000,000 | -73,000,000 | -17,000,000 | -10,000,000 | -76,000,000 | -82,000,000 | -19,000,000 | -50,000,000 | ||||||||||||||||||||||||
net sales (purchases) of investments by consolidated investment products | 144,000,000 | -105,000,000 | -870,000,000 | 320,000,000 | -435,000,000 | -233,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 226,000,000 | 1,200,000,000 | 527,000,000 | -1,464,000,000 | -247,000,000 | 1,204,000,000 | 169,000,000 | -183,000,000 | 184,000,000 | 1,023,000,000 | 757,000,000 | 7,000,000 | 32,000,000 | 860,000,000 | 65,000,000 | -366,000,000 | -82,000,000 | 2,218,000,000 | -1,090,000,000 | -1,151,000,000 | -196,000,000 | 502,000,000 | -740,000,000 | -162,000,000 | 140,000,000 | -228,000,000 | 238,000,000 | -55,000,000 | -208,000,000 | 289,000,000 | 35,000,000 | 49,000,000 | 37,000,000 | 446,000,000 | -284,000,000 | -94,000,000 | -178,000,000 | 97,000,000 | -55,000,000 | -126,000,000 | 234,000,000 | 83,000,000 | 159,000,000 | -145,000,000 | 146,000,000 | 184,000,000 | -236,000,000 | -202,000,000 | 39,000,000 | 83,000,000 | -242,000,000 | 104,000,000 | -135,000,000 | 93,000,000 | 49,000,000 | |||||||||||||
net cash flows from operating activities | 3,947,000,000 | 4,060,000,000 | 3,639,000,000 | 3,551,000,000 | 1,566,000,000 | 4,565,000,000 | 4,318,000,000 | 4,079,000,000 | 3,220,000,000 | 3,186,000,000 | 4,680,000,000 | 2,515,000,000 | 2,251,000,000 | 2,651,000,000 | 3,432,000,000 | 2,720,000,000 | 2,440,000,000 | 2,600,000,000 | 3,322,000,000 | 3,122,000,000 | 2,105,000,000 | 2,544,000,000 | 3,544,000,000 | 1,985,000,000 | 1,712,000,000 | 2,205,000,000 | 1,386,000,000 | 1,322,000,000 | 1,700,000,000 | 1,771,000,000 | 627,000,000 | 1,013,000,000 | 1,684,000,000 | 1,133,000,000 | 1,020,000,000 | 808,000,000 | 816,000,000 | 1,075,000,000 | 1,126,000,000 | 846,000,000 | 1,250,000,000 | 928,000,000 | 895,000,000 | 913,000,000 | 1,642,000,000 | 811,000,000 | 572,000,000 | 472,000,000 | 935,000,000 | 1,060,000,000 | 1,003,000,000 | 771,000,000 | 823,000,000 | 1,003,000,000 | 1,010,000,000 | 760,000,000 | 562,000,000 | 961,000,000 | 1,058,000,000 | 1,067,000,000 | 1,015,000,000 | 1,158,000,000 | 1,236,000,000 | |||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
free cash flows | 3,947,000,000 | 4,060,000,000 | 3,639,000,000 | 3,551,000,000 | 1,566,000,000 | 4,565,000,000 | 4,318,000,000 | 4,079,000,000 | 3,220,000,000 | 3,186,000,000 | 4,680,000,000 | 2,515,000,000 | 2,251,000,000 | 2,651,000,000 | 3,432,000,000 | 2,720,000,000 | 2,440,000,000 | 2,600,000,000 | 3,322,000,000 | 3,122,000,000 | 2,105,000,000 | 2,544,000,000 | 3,544,000,000 | 1,985,000,000 | 1,712,000,000 | 2,205,000,000 | 1,386,000,000 | 1,322,000,000 | 1,700,000,000 | 1,771,000,000 | 627,000,000 | 1,013,000,000 | 1,684,000,000 | 1,133,000,000 | 1,020,000,000 | 808,000,000 | 816,000,000 | 1,075,000,000 | 1,126,000,000 | 846,000,000 | 1,250,000,000 | 928,000,000 | 895,000,000 | 913,000,000 | 1,642,000,000 | 811,000,000 | 572,000,000 | 472,000,000 | 935,000,000 | 1,060,000,000 | 1,003,000,000 | 771,000,000 | 823,000,000 | 1,003,000,000 | 1,010,000,000 | 760,000,000 | 562,000,000 | 961,000,000 | 1,058,000,000 | 1,067,000,000 | 1,015,000,000 | 1,158,000,000 | 1,236,000,000 | |||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturities available-for-sale | -9,119,000,000 | -9,449,000,000 | -10,903,000,000 | -7,911,000,000 | -5,894,000,000 | -7,567,000,000 | -11,061,000,000 | -6,514,000,000 | -8,617,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity securities | -993,000,000 | -635,000,000 | -751,000,000 | -630,000,000 | -783,000,000 | -1,725,000,000 | -830,000,000 | -1,026,000,000 | -752,000,000 | -427,000,000 | -728,000,000 | -105,000,000 | -135,000,000 | -58,000,000 | -173,000,000 | -284,000,000 | -380,000,000 | -368,000,000 | -157,000,000 | -291,000,000 | -351,000,000 | -2,797,000,000 | -798,000,000 | -87,000,000 | -107,000,000 | -21,000,000 | -74,000,000 | -19,000,000 | -20,000,000 | -119,000,000 | -27,000,000 | -143,000,000 | -458,000,000 | -11,000,000 | -40,000,000 | -5,000,000 | -157,000,000 | -152,000,000 | -137,000,000 | -246,000,000 | -346,000,000 | -242,000,000 | -238,000,000 | -181,000,000 | ||||||||||||||||||||||||
sales of fixed maturities available-for-sale | 3,069,000,000 | 4,044,000,000 | 2,895,000,000 | 2,632,000,000 | 2,660,000,000 | 3,986,000,000 | 2,537,000,000 | 1,924,000,000 | 4,368,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of equity securities | 878,000,000 | 596,000,000 | 801,000,000 | 773,000,000 | 637,000,000 | 1,040,000,000 | 543,000,000 | 893,000,000 | 520,000,000 | 553,000,000 | 450,000,000 | 38,000,000 | 43,000,000 | 162,000,000 | 2,008,000,000 | 1,335,000,000 | 1,110,000,000 | 268,000,000 | 136,000,000 | 263,000,000 | 351,000,000 | 2,354,000,000 | 173,000,000 | 1,222,000,000 | 131,000,000 | 311,000,000 | 206,000,000 | 60,000,000 | 164,000,000 | 48,000,000 | 58,000,000 | 46,000,000 | 31,000,000 | 171,000,000 | 761,000,000 | 48,000,000 | 74,000,000 | 28,000,000 | 277,000,000 | 18,000,000 | 27,000,000 | 37,000,000 | 31,000,000 | 31,000,000 | 24,000,000 | 7,000,000 | 26,000,000 | 12,000,000 | 17,000,000 | 30,000,000 | 317,000,000 | 342,000,000 | 183,000,000 | 170,000,000 | 28,000,000 | 921,000,000 | 153,000,000 | 163,000,000 | 277,000,000 | 510,000,000 | 214,000,000 | 203,000,000 | 158,000,000 | |||||
maturities and redemptions of fixed maturities available-for-sale | 3,750,000,000 | 3,900,000,000 | 3,233,000,000 | 2,640,000,000 | 2,902,000,000 | 3,075,000,000 | 3,030,000,000 | 2,556,000,000 | 2,149,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in short-term investments | -133,000,000 | -477,000,000 | 175,000,000 | -9,000,000 | 773,000,000 | -921,000,000 | 348,000,000 | 518,000,000 | -708,000,000 | 685,000,000 | -414,000,000 | -358,000,000 | 1,256,000,000 | -346,000,000 | -766,000,000 | -73,000,000 | -267,000,000 | 366,000,000 | 929,000,000 | -715,000,000 | 595,000,000 | 353,000,000 | -607,000,000 | -379,000,000 | 552,000,000 | -337,000,000 | -310,000,000 | 122,000,000 | 232,000,000 | 155,000,000 | -221,000,000 | 11,932,000,000 | 193,000,000 | |||||||||||||||||||||||||||||||||||
net derivative instruments settlements | 19,000,000 | -72,000,000 | -47,000,000 | -45,000,000 | -21,000,000 | 29,000,000 | -91,000,000 | -14,000,000 | -17,000,000 | -97,000,000 | 7,000,000 | -25,000,000 | -38,000,000 | -32,000,000 | -169,000,000 | 43,000,000 | 74,000,000 | -153,000,000 | 21,000,000 | -174,000,000 | 87,000,000 | -39,000,000 | -56,000,000 | -127,000,000 | 109,000,000 | -38,000,000 | -279,000,000 | -225,000,000 | 62,000,000 | -195,000,000 | -134,000,000 | 113,000,000 | 39,000,000 | -85,000,000 | -120,000,000 | -39,000,000 | ||||||||||||||||||||||||||||||||
private equity contributions | -161,000,000 | -851,000,000 | -641,000,000 | -643,000,000 | -879,000,000 | -337,000,000 | -233,000,000 | -252,000,000 | -248,000,000 | -711,000,000 | -267,000,000 | -662,000,000 | -384,000,000 | -455,000,000 | -907,000,000 | -618,000,000 | -669,000,000 | -599,000,000 | -999,000,000 | -446,000,000 | -427,000,000 | -868,000,000 | -510,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
private equity distributions | 241,000,000 | 701,000,000 | 276,000,000 | 522,000,000 | 222,000,000 | 353,000,000 | 506,000,000 | 361,000,000 | 177,000,000 | 226,000,000 | 370,000,000 | 295,000,000 | 273,000,000 | 368,000,000 | 201,000,000 | 241,000,000 | 207,000,000 | 530,000,000 | 251,000,000 | 434,000,000 | 206,000,000 | 319,000,000 | 145,000,000 | 232,000,000 | 211,000,000 | 193,000,000 | 412,000,000 | 368,000,000 | 330,000,000 | |||||||||||||||||||||||||||||||||||||||
net cash flows used for investing activities | -2,835,000,000 | -2,332,000,000 | -5,303,000,000 | -2,827,000,000 | -798,000,000 | -2,474,000,000 | -5,383,000,000 | -2,320,000,000 | -3,746,000,000 | -2,214,000,000 | -570,000,000 | -452,000,000 | -995,000,000 | -2,908,000,000 | -1,726,000,000 | -773,000,000 | -1,252,000,000 | -792,000,000 | -4,035,000,000 | -910,000,000 | -1,466,000,000 | -1,432,000,000 | -635,000,000 | -615,000,000 | -506,000,000 | -631,000,000 | -1,268,000,000 | -631,000,000 | -1,513,000,000 | -666,000,000 | -787,000,000 | -822,000,000 | -1,119,000,000 | -496,000,000 | -584,000,000 | -336,000,000 | -947,000,000 | -2,257,000,000 | -612,000,000 | -1,590,000,000 | ||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on common shares | -380,000,000 | -384,000,000 | -390,000,000 | -365,000,000 | -366,000,000 | -367,000,000 | -371,000,000 | -349,000,000 | -349,000,000 | -350,000,000 | -356,000,000 | -343,000,000 | -345,000,000 | -345,000,000 | -349,000,000 | -340,000,000 | -341,000,000 | -345,000,000 | -353,000,000 | -351,000,000 | -352,000,000 | -353,000,000 | -357,000,000 | -167,000,000 | -2,000,000 | -166,000,000 | -159,000,000 | -159,000,000 | -117,000,000 | -119,000,000 | -111,000,000 | -112,000,000 | -112,000,000 | -105,000,000 | -105,000,000 | -104,000,000 | -88,000,000 | -91,000,000 | -86,000,000 | -98,000,000 | ||||||||||||||||||||||||||||
common shares repurchased | -1,174,000,000 | -1,171,000,000 | -1,086,000,000 | -746,000,000 | -691,000,000 | -450,000,000 | -295,000,000 | -652,000,000 | -404,000,000 | -563,000,000 | -581,000,000 | -722,000,000 | -545,000,000 | -111,000,000 | -656,000,000 | -1,126,000,000 | -1,001,000,000 | -920,000,000 | -1,501,000,000 | -1,921,000,000 | -519,000,000 | -190,000,000 | 0 | -58,000,000 | -154,000,000 | 0 | 0 | -11,000,000 | -27,000,000 | -100,000,000 | 0 | -68,000,000 | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 254,000,000 | 0 | 2,175,000,000 | 111,000,000 | 1,301,000,000 | 0 | 996,000,000 | 0 | -3,000,000 | 0 | 0 | 0 | 800,000,000 | 0 | 0 | 0 | 947,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | 0 | 0 | 0 | -800,000,000 | -737,000,000 | 0 | 0 | 0 | 0 | -475,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from share-based compensation plans | 118,000,000 | 117,000,000 | 21,000,000 | 91,000,000 | 98,000,000 | 54,000,000 | 60,000,000 | 79,000,000 | 163,000,000 | 72,000,000 | 38,000,000 | 47,000,000 | 55,000,000 | 66,000,000 | 28,000,000 | 56,000,000 | 114,000,000 | 61,000,000 | 61,000,000 | 63,000,000 | 115,000,000 | 68,000,000 | 3,000,000 | 27,000,000 | 47,000,000 | 60,000,000 | 60,000,000 | 35,000,000 | 26,000,000 | 20,000,000 | 47,000,000 | 42,000,000 | 18,000,000 | 27,000,000 | 28,000,000 | 51,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||
policyholder contract deposits | 382,000,000 | 169,000,000 | 232,000,000 | 210,000,000 | 242,000,000 | 206,000,000 | 256,000,000 | 226,000,000 | 336,000,000 | 230,000,000 | 245,000,000 | 75,000,000 | 95,000,000 | 107,000,000 | 80,000,000 | 135,000,000 | 139,000,000 | 122,000,000 | 115,000,000 | 77,000,000 | 103,000,000 | 100,000,000 | 109,000,000 | 199,000,000 | 156,000,000 | 118,000,000 | 116,000,000 | 134,000,000 | 101,000,000 | |||||||||||||||||||||||||||||||||||||||
policyholder contract withdrawals | -271,000,000 | -129,000,000 | -154,000,000 | -135,000,000 | -176,000,000 | -175,000,000 | -160,000,000 | -129,000,000 | -245,000,000 | -189,000,000 | -168,000,000 | 0 | -101,000,000 | -80,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
third-party capital invested into consolidated investment products | 494,000,000 | 408,000,000 | 1,072,000,000 | 517,000,000 | 559,000,000 | 205,000,000 | 569,000,000 | 331,000,000 | 509,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
third-party capital distributed by consolidated investment products | -499,000,000 | -653,000,000 | -423,000,000 | -435,000,000 | -242,000,000 | -503,000,000 | -71,000,000 | -634,000,000 | -413,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of repurchase agreements | 2,164,000,000 | 1,938,000,000 | 1,991,000,000 | 1,558,000,000 | 810,000,000 | 555,000,000 | 1,288,000,000 | 1,600,000,000 | 1,062,000,000 | 1,206,000,000 | 4,000,000 | 2,466,000,000 | 1,308,000,000 | 958,000,000 | 550,000,000 | 2,856,000,000 | 146,000,000 | 453,000,000 | 855,000,000 | 100,000,000 | 450,000,000 | 952,000,000 | 0 | 450,000,000 | 952,000,000 | 410,000,000 | 1,513,000,000 | 471,000,000 | 558,000,000 | 455,000,000 | 590,000,000 | 753,000,000 | 553,000,000 | 51,000,000 | 853,000,000 | |||||||||||||||||||||||||||||||||
repayment of repurchase agreements | -1,917,000,000 | -1,915,000,000 | -1,706,000,000 | -1,625,000,000 | -447,000,000 | -984,000,000 | -1,420,000,000 | -1,434,000,000 | -984,000,000 | -896,000,000 | -158,000,000 | -2,367,000,000 | -1,307,000,000 | -1,954,000,000 | -1,554,000,000 | -854,000,000 | -146,000,000 | -453,000,000 | -855,000,000 | -100,000,000 | -450,000,000 | -952,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
net cash flows used for financing activities | -950,000,000 | -1,661,000,000 | 1,698,000,000 | -2,119,000,000 | 1,122,000,000 | -1,164,000,000 | -1,013,000,000 | -888,000,000 | -1,424,000,000 | -2,405,000,000 | -2,003,000,000 | 583,000,000 | -1,302,000,000 | 396,000,000 | -1,783,000,000 | -2,210,000,000 | -812,000,000 | -1,848,000,000 | 664,000,000 | -148,000,000 | -363,000,000 | -78,000,000 | -37,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
effect of foreign currency rate changes on cash and restricted cash | 2,000,000 | -51,000,000 | 49,000,000 | 159,000,000 | 58,000,000 | -101,000,000 | 53,000,000 | -96,000,000 | -6,000,000 | 35,000,000 | -92,000,000 | 58,000,000 | -2,000,000 | 69,000,000 | -77,000,000 | -98,000,000 | -40,000,000 | -73,000,000 | -15,000,000 | 18,000,000 | -36,000,000 | 59,000,000 | -9,000,000 | -17,000,000 | 4,000,000 | 34,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net increase in cash and restricted cash | 164,000,000 | 16,000,000 | -299,000,000 | -129,000,000 | 110,000,000 | -83,000,000 | 30,000,000 | -157,000,000 | 403,000,000 | -7,000,000 | 255,000,000 | -137,000,000 | -4,975,000,000 | 5,325,000,000 | 103,000,000 | 15,000,000 | -202,000,000 | 157,000,000 | 5,000,000 | -37,000,000 | 164,000,000 | 51,000,000 | 12,000,000 | 221,000,000 | -25,000,000 | 53,000,000 | 56,000,000 | |||||||||||||||||||||||||||||||||||||||||
cash and restricted cash – beginning of period | 2,470,000,000 | 0 | 0 | 2,549,000,000 | 0 | 0 | 2,621,000,000 | 0 | 0 | 2,127,000,000 | 0 | 0 | 1,811,000,000 | 0 | 0 | 1,836,000,000 | 0 | 0 | 1,646,000,000 | 0 | 0 | 1,340,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
cash and restricted cash – end of period | 2,634,000,000 | 83,000,000 | 121,000,000 | 2,250,000,000 | 110,000,000 | -83,000,000 | 2,651,000,000 | 403,000,000 | -7,000,000 | 2,382,000,000 | -4,975,000,000 | 5,325,000,000 | 1,914,000,000 | -202,000,000 | 157,000,000 | 1,841,000,000 | 164,000,000 | 51,000,000 | 1,658,000,000 | 221,000,000 | -25,000,000 | 1,393,000,000 | 56,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 189,000,000 | 196,000,000 | 104,000,000 | 204,000,000 | 146,000,000 | 184,000,000 | 99,000,000 | 204,000,000 | 112,000,000 | 208,000,000 | 39,000,000 | 207,000,000 | 99,000,000 | 213,000,000 | 49,000,000 | 205,000,000 | 85,000,000 | 176,000,000 | 45,000,000 | 181,000,000 | 90,000,000 | 201,000,000 | 37,000,000 | 195,000,000 | 91,000,000 | 41,000,000 | 201,000,000 | 85,000,000 | 71,000,000 | 77,000,000 | 252,000,000 | 75,000,000 | 71,000,000 | 248,000,000 | 71,000,000 | 61,000,000 | 79,000,000 | 48,000,000 | 52,000,000 | 83,000,000 | 51,000,000 | 52,000,000 | 86,000,000 | 31,000,000 | 37,000,000 | 82,000,000 | 37,000,000 | 83,000,000 | 39,000,000 | 81,000,000 | 31,000,000 | |||||||||||||||||
purchases of fixed maturities held-to-maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities and redemptions of fixed maturities held-to-maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of subsidiaries | 0 | 0 | 0 | 0 | -302,000,000 | -236,000,000 | -250,000,000 | 239,000,000 | 0 | -23,000,000 | 0 | 4,000,000 | -944,000,000 | -33,000,000 | -68,000,000 | -5,000,000 | -25,000,000 | -212,000,000 | -14,000,000 | -335,000,000 | -45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net consolidations (deconsolidations) of consolidated investment products | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and restricted cash – beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and restricted cash – end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net consolidations of consolidated investment products | -4,000,000 | -2,000,000 | 16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes paid | 604,000,000 | 802,000,000 | 314,000,000 | 355,000,000 | 462,000,000 | 756,000,000 | 89,000,000 | 364,000,000 | 348,000,000 | 534,000,000 | 219,000,000 | 278,000,000 | 352,000,000 | 480,000,000 | 132,000,000 | 367,000,000 | 300,000,000 | 395,000,000 | 236,000,000 | 234,000,000 | 226,000,000 | 335,000,000 | 107,000,000 | 211,000,000 | 508,000,000 | 14,000,000 | 90,000,000 | 142,000,000 | 456,000,000 | 54,000,000 | 101,000,000 | 153,000,000 | 106,000,000 | 72,000,000 | 167,000,000 | 96,000,000 | 102,000,000 | 88,000,000 | 60,000,000 | 62,000,000 | 45,000,000 | 43,000,000 | 64,000,000 | 187,000,000 | 72,000,000 | 154,000,000 | 41,000,000 | 219,000,000 | 46,000,000 | |||||||||||||||||||
net decrease in cash and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from (used for) financing activities | -1,125,000,000 | 562,000,000 | 333,000,000 | -106,000,000 | 139,000,000 | 1,014,000,000 | -69,000,000 | -795,000,000 | 424,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net sales of investments by consolidated investment products | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premiums/discounts on fixed maturities | -80,000,000 | -68,000,000 | -42,000,000 | -24,000,000 | -14,000,000 | 4,000,000 | 37,000,000 | 57,000,000 | 91,000,000 | 90,000,000 | 95,000,000 | 71,000,000 | 76,000,000 | 87,000,000 | 88,000,000 | 105,000,000 | 87,000,000 | 85,000,000 | 91,000,000 | 118,000,000 | 143,000,000 | 173,000,000 | 169,000,000 | 184,000,000 | 182,000,000 | 202,000,000 | 174,000,000 | 44,000,000 | 35,000,000 | 36,000,000 | 44,000,000 | 62,000,000 | 53,000,000 | 73,000,000 | 68,000,000 | 66,000,000 | 58,000,000 | 58,000,000 | 45,000,000 | 47,000,000 | 42,000,000 | 34,000,000 | 29,000,000 | 42,000,000 | 30,000,000 | 27,000,000 | 12,000,000 | |||||||||||||||||||||
net purchases of investments by consolidated investment products | -404,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturities held to maturity | 0 | 0 | -120,000,000 | -88,000,000 | -164,000,000 | -74,000,000 | -237,000,000 | -143,000,000 | -160,000,000 | -223,000,000 | -109,000,000 | -102,000,000 | -160,000,000 | 0 | -157,000,000 | -142,000,000 | -81,000,000 | -104,000,000 | -32,000,000 | -55,000,000 | -51,000,000 | -57,000,000 | -177,000,000 | -102,000,000 | -154,000,000 | -199,000,000 | -89,000,000 | -84,000,000 | -100,000,000 | -50,000,000 | -100,000,000 | -157,000,000 | -59,000,000 | -98,000,000 | -112,000,000 | |||||||||||||||||||||||||||||||||
maturities and redemptions of fixed maturities held to maturity | 0 | 0 | 236,000,000 | 472,000,000 | 355,000,000 | 537,000,000 | 422,000,000 | 398,000,000 | 476,000,000 | 325,000,000 | 559,000,000 | 604,000,000 | 154,000,000 | 199,000,000 | 202,000,000 | 440,000,000 | 216,000,000 | 318,000,000 | 280,000,000 | 269,000,000 | 236,000,000 | 168,000,000 | 240,000,000 | 184,000,000 | 194,000,000 | 249,000,000 | 82,000,000 | 146,000,000 | 324,000,000 | 203,000,000 | 202,000,000 | 212,000,000 | 325,000,000 | 417,000,000 | 491,000,000 | 353,000,000 | 394,000,000 | 345,000,000 | 313,000,000 | 310,000,000 | 260,000,000 | 396,000,000 | 422,000,000 | 293,000,000 | 139,000,000 | 155,000,000 | 91,000,000 | 129,000,000 | 62,000,000 | 121,000,000 | 135,000,000 | 127,000,000 | 141,000,000 | 94,000,000 | ||||||||||||||
net deconsolidations of consolidated investment products | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 32,000,000 | -166,000,000 | 128,000,000 | -41,000,000 | -25,000,000 | -211,000,000 | 128,000,000 | -164,000,000 | 162,000,000 | -51,000,000 | 101,000,000 | 141,000,000 | -97,000,000 | -107,000,000 | 109,000,000 | 67,000,000 | -250,000,000 | 266,000,000 | -42,000,000 | 191,000,000 | 241,000,000 | -76,000,000 | 143,000,000 | 20,000,000 | 15,000,000 | -18,000,000 | -9,000,000 | 29,000,000 | 41,000,000 | -35,000,000 | 165,000,000 | -123,000,000 | 32,000,000 | -136,000,000 | 115,000,000 | -46,000,000 | 42,000,000 | -37,000,000 | 54,000,000 | -128,000,000 | 86,000,000 | -97,000,000 | 82,000,000 | |||||||||||||||||||||||||
purchases of fixed maturities available for sale | -8,813,000,000 | -5,631,000,000 | -7,169,000,000 | -4,311,000,000 | -10,059,000,000 | -7,541,000,000 | -5,933,000,000 | -7,194,000,000 | -7,811,000,000 | -7,479,000,000 | -7,738,000,000 | -5,505,000,000 | -7,735,000,000 | -4,782,000,000 | -6,133,000,000 | -5,826,000,000 | -6,093,000,000 | -5,429,000,000 | -5,040,000,000 | -5,742,000,000 | -6,151,000,000 | -6,890,000,000 | -7,223,000,000 | -8,505,000,000 | -6,548,000,000 | -7,321,000,000 | -11,464,000,000 | -6,456,000,000 | 8,880,000,000 | -10,078,000,000 | -9,055,000,000 | -14,284,000,000 | -11,782,000,000 | -10,953,000,000 | ||||||||||||||||||||||||||||||||||
sales of fixed maturities available for sale | 4,064,000,000 | 3,375,000,000 | 3,854,000,000 | 2,713,000,000 | 6,089,000,000 | 6,215,000,000 | 1,838,000,000 | 1,371,000,000 | 1,756,000,000 | 2,126,000,000 | 1,343,000,000 | 1,840,000,000 | 1,803,000,000 | 3,047,000,000 | 4,687,000,000 | 2,598,000,000 | 4,545,000,000 | 3,287,000,000 | 2,183,000,000 | 2,342,000,000 | 3,478,000,000 | 3,395,000,000 | 1,995,000,000 | 5,539,000,000 | 6,329,000,000 | 1,591,000,000 | 1,609,000,000 | 2,002,000,000 | 2,464,000,000 | 1,634,000,000 | 2,208,000,000 | 2,612,000,000 | 2,625,000,000 | 2,745,000,000 | 3,218,000,000 | 4,104,000,000 | 3,736,000,000 | 3,609,000,000 | 4,221,000,000 | 4,276,000,000 | 5,070,000,000 | 5,863,000,000 | 6,830,000,000 | 4,747,000,000 | 5,336,000,000 | 8,483,000,000 | 5,127,000,000 | -9,357,000,000 | 9,118,000,000 | 10,001,000,000 | 11,325,000,000 | 10,425,000,000 | 8,534,000,000 | |||||||||||||||
maturities and redemptions of fixed maturities available for sale | 1,904,000,000 | 1,662,000,000 | 1,541,000,000 | 1,533,000,000 | 2,129,000,000 | 2,750,000,000 | 3,003,000,000 | 3,651,000,000 | 4,300,000,000 | 5,121,000,000 | 4,289,000,000 | 3,741,000,000 | 3,489,000,000 | 2,464,000,000 | 2,756,000,000 | 2,427,000,000 | 2,132,000,000 | 1,831,000,000 | 1,562,000,000 | 2,530,000,000 | 2,626,000,000 | 2,543,000,000 | 3,026,000,000 | 2,357,000,000 | 1,553,000,000 | 1,566,000,000 | 2,210,000,000 | 1,481,000,000 | 1,651,000,000 | 1,613,000,000 | 1,550,000,000 | 1,426,000,000 | 2,096,000,000 | 2,016,000,000 | 1,316,000,000 | 1,204,000,000 | 1,076,000,000 | 1,117,000,000 | 845,000,000 | 817,000,000 | 941,000,000 | 994,000,000 | 814,000,000 | 709,000,000 | 1,068,000,000 | 806,000,000 | 821,000,000 | 568,000,000 | 584,000,000 | 787,000,000 | 841,000,000 | 765,000,000 | 944,000,000 | |||||||||||||||
tax withholding payments for share-based compensation plans | -3,000,000 | -21,000,000 | -76,000,000 | -1,000,000 | -2,000,000 | -17,000,000 | -81,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized (gains) losses | 304,000,000 | 77,000,000 | 178,000,000 | 384,000,000 | 504,000,000 | -101,000,000 | -319,000,000 | 21,000,000 | 33,000,000 | -887,000,000 | -571,000,000 | 141,000,000 | -30,000,000 | 958,000,000 | 155,000,000 | 223,000,000 | 97,000,000 | 7,000,000 | -100,000,000 | 216,000,000 | 394,000,000 | 89,000,000 | 120,000,000 | 73,000,000 | 104,000,000 | -104,000,000 | -206,000,000 | 394,000,000 | -260,000,000 | -305,000,000 | -168,000,000 | -373,000,000 | 223,000,000 | 225,000,000 | 121,000,000 | 644,000,000 | 510,000,000 | 126,000,000 | 353,000,000 | 11,000,000 | -16,000,000 | |||||||||||||||||||||||||||
market risk benefits (gains) losses | 7,000,000 | 115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for huatai group interest | 0 | 0 | -113,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from (used for) investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | -3,000,000 | 2,288,000,000 | -116,000,000 | -4,994,000,000 | 5,388,000,000 | 1,734,000,000 | 39,000,000 | -223,000,000 | 159,000,000 | 1,684,000,000 | 40,000,000 | 150,000,000 | 45,000,000 | 1,512,000,000 | 208,000,000 | -1,000,000 | 1,271,000,000 | 53,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | -4,000,000 | 94,000,000 | -21,000,000 | 19,000,000 | -63,000,000 | 180,000,000 | -24,000,000 | 21,000,000 | -2,000,000 | 157,000,000 | -77,000,000 | 14,000,000 | 6,000,000 | 146,000,000 | 13,000,000 | -24,000,000 | 122,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total cash and restricted cash shown in the consolidated statements of cash flows | -7,000,000 | 2,382,000,000 | -137,000,000 | -4,975,000,000 | 5,325,000,000 | 1,914,000,000 | 15,000,000 | -202,000,000 | 157,000,000 | 1,841,000,000 | -37,000,000 | 164,000,000 | 51,000,000 | 1,658,000,000 | 221,000,000 | -25,000,000 | 1,393,000,000 | 56,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
payment, including deposit, for huatai group interest | -976,000,000 | -143,000,000 | 0 | -65,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
policyholder contract deposits and other | 139,000,000 | 119,000,000 | 120,000,000 | 118,000,000 | 147,000,000 | 97,000,000 | 135,000,000 | 133,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
policyholder contract withdrawals and other | -157,000,000 | -139,000,000 | -112,000,000 | -111,000,000 | -123,000,000 | -86,000,000 | -121,000,000 | -124,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of to be announced mortgage-backed securities | 0 | 0 | 6,000,000 | 0 | 4,000,000 | 7,000,000 | 19,000,000 | 105,000,000 | 133,000,000 | 59,000,000 | 39,000,000 | 117,000,000 | 281,000,000 | 358,000,000 | 120,000,000 | 83,000,000 | -124,000,000 | 464,000,000 | 2,152,000,000 | 3,469,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
purchases of to be announced mortgage-backed securities | -7,000,000 | -19,000,000 | -143,000,000 | -111,000,000 | -54,000,000 | 30,000,000 | -143,000,000 | -299,000,000 | -343,000,000 | -143,000,000 | -83,000,000 | 246,000,000 | -453,000,000 | -1,804,000,000 | -3,460,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net deposit paid on share acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit paid on share acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows (used for) from financing activities | -85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on losses and loss expenses | 194,000,000 | 366,000,000 | -130,000,000 | 185,000,000 | -293,000,000 | 68,000,000 | 478,000,000 | 12,000,000 | 103,000,000 | 435,000,000 | -20,000,000 | 204,000,000 | 422,000,000 | 398,000,000 | 429,000,000 | 421,000,000 | -717,000,000 | 561,000,000 | 172,000,000 | 65,000,000 | -173,000,000 | 566,000,000 | 60,000,000 | -264,000,000 | -601,000,000 | |||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on policy benefits | 3,000,000 | 4,000,000 | 14,000,000 | 2,000,000 | 4,000,000 | -8,000,000 | 10,000,000 | -1,000,000 | 37,000,000 | 11,000,000 | -1,000,000 | -3,000,000 | -3,000,000 | 32,000,000 | 37,000,000 | -1,000,000 | 45,000,000 | 28,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid reinsurance premiums | 21,000,000 | -2,000,000 | 14,000,000 | -121,000,000 | -58,000,000 | 168,000,000 | -200,000,000 | -83,000,000 | 18,000,000 | 104,000,000 | -163,000,000 | 7,000,000 | 154,000,000 | -139,000,000 | 201,000,000 | 184,000,000 | -252,000,000 | -109,000,000 | 147,000,000 | 135,000,000 | -194,000,000 | -103,000,000 | -230,000,000 | -28,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of upr related to the chubb corp acquisition | 320,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign currency rate changes on cash and cash equivalents | -6,000,000 | 18,000,000 | 11,000,000 | 13,000,000 | 30,000,000 | -6,000,000 | -20,000,000 | 11,000,000 | -12,000,000 | 5,000,000 | -31,000,000 | -8,000,000 | 4,000,000 | 8,000,000 | 13,000,000 | -7,000,000 | 2,000,000 | 15,000,000 | -1,000,000 | -4,000,000 | 80,000,000 | -30,000,000 | -3,000,000 | 19,000,000 | -1,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net increase in cash | -209,000,000 | 234,000,000 | 78,000,000 | 248,000,000 | -158,000,000 | 293,000,000 | 212,000,000 | -253,000,000 | 268,000,000 | 89,000,000 | -176,000,000 | 240,000,000 | 73,000,000 | -98,000,000 | 101,000,000 | -282,000,000 | 343,000,000 | 57,000,000 | -190,000,000 | -23,000,000 | 71,000,000 | 1,000,000 | -18,000,000 | 74,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash – beginning of period | 0 | 0 | 985,000,000 | 0 | 0 | 1,775,000,000 | 0 | 0 | 655,000,000 | 0 | 0 | 579,000,000 | 0 | 0 | 615,000,000 | 0 | 0 | 614,000,000 | 0 | 0 | 772,000,000 | 669,000,000 | 0 | 0 | 867,000,000 | 0 | 0 | 510,000,000 | 0 | 565,000,000 | ||||||||||||||||||||||||||||||||||||||
cash – end of period | -209,000,000 | 234,000,000 | 1,063,000,000 | -141,000,000 | -80,000,000 | 1,091,000,000 | 248,000,000 | -158,000,000 | 948,000,000 | 212,000,000 | -253,000,000 | 847,000,000 | 89,000,000 | -176,000,000 | 855,000,000 | 73,000,000 | -98,000,000 | 715,000,000 | -67,000,000 | -282,000,000 | 1,115,000,000 | 726,000,000 | 88,000,000 | -190,000,000 | 844,000,000 | -103,000,000 | 71,000,000 | 511,000,000 | -18,000,000 | 639,000,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from share-based compensation plans, including windfall tax benefits | 25,000,000 | 41,000,000 | 51,000,000 | 43,000,000 | 7,000,000 | 39,000,000 | 19,000,000 | 35,000,000 | 40,000,000 | 50,000,000 | 41,000,000 | 21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash – beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash – end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of short-term debt | 151,000,000 | 850,000,000 | 477,000,000 | 850,000,000 | 551,000,000 | 426,000,000 | 151,000,000 | 911,000,000 | 659,000,000 | 551,000,000 | 851,000,000 | 681,000,000 | 1,253,000,000 | 674,000,000 | 1,911,000,000 | 1,400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of short-term debt | -912,000,000 | -658,000,000 | -551,000,000 | -981,000,000 | -400,000,000 | -1,253,000,000 | -824,000,000 | -1,911,000,000 | -1,300,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from financing activities | 813,000,000 | 1,224,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of fixed maturities held to maturity | 10,000,000 | 0 | 0 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit (expense) on share-based compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from (used for) operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from (used for) investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from (used for) financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of options for common shares | 38,000,000 | 22,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 2,000,000 | 1,000,000 | 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common shares issued under employee stock purchase plan | 5,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows used for investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit on share-based compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on preferred shares | 0 | 0 | -13,000,000 | -11,000,000 | -11,000,000 | -11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred shares | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayment of short-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of long-term debt | 0 | 0 | 50,000,000 | 0 | 895,000,000 | 300,000,000 | 0 | 500,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows used for financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common shares issued under espp | 5,000,000 | 0 | -1,000,000 | 6,000,000 | 5,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -93,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of subsidiary | 1,000,000 | 35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from (payments made on) the settlement of investment derivatives | -28,000,000 | 47,000,000 | 7,000,000 | -23,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows (used for) from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayment of) proceeds from short-term debt | -16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used for) from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium/discount on fixed maturities | 2,000,000 | -20,000,000 | 14,000,000 | 3,000,000 | 2,000,000 | -4,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable on future policy benefits | -90,000,000 | -12,000,000 | 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the settlement of investment derivatives | 37,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from short-term debt | 965,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable/receivable | 129,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options for common shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from (repayment of) short-term debt | -705,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
future policy benefits for life and annuity contracts | 86,000,000 | 0 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 90,000,000 | -109,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on ordinary shares | -89,000,000 | -82,000,000 | -81,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of options for ordinary shares | 54,000,000 | 30,000,000 | 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from ordinary shares issued under espp | 5,000,000 | 0 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (payments made on) proceeds from the settlement of investment derivatives | -12,000,000 | -7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of trust preferred securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of ordinary shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net payments made on the settlement of investment derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of fixed maturities held to maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funds withheld | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value of reinsurance business assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium/discounts on fixed maturities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and maturities of fixed maturities available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of fixed maturities held to maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of fixed maturities available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flows from (used for) operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of fixed maturities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of fixed maturities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of preferred shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on mezzanine equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized gains on investment derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
six months ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
june 30, 2004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
june 30, 2003 |