Chubb Ltd
For the period ended Mar 31, 2025. Filed Apr 28, 2025.
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Mar 31, 2025 · Filed Apr 28, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Reinsurance
- Reinsurance
Reinsurance recoverable on ceded reinsurance
| March 31, 2025 | December 31, 2024 | |||
|---|---|---|---|---|
| (in millions of U.S. dollars) | Net Reinsurance Recoverable (1) | Valuation allowance | Net Reinsurance Recoverable (1) | Valuation allowance |
| Reinsurance recoverable on unpaid losses and loss expenses | $18,081 | $254 | $17,734 | $242 |
| Reinsurance recoverable on paid losses and loss expenses | 1,934 | 66 | 2,043 | 68 |
| Reinsurance recoverable on losses and loss expenses | $20,015 | $320 | $19,777 | $310 |
| Reinsurance recoverable on policy benefits | $267 | $— | $289 | $— |
The following table presents a roll-forward of valuation allowance for uncollectible reinsurance related to Reinsurance recoverable on losses and loss expenses:
| Three Months Ended | ||
|---|---|---|
| March 31 | ||
| (in millions of U.S. dollars) | 2025 | 2024 |
| Valuation allowance for uncollectible reinsurance - beginning of period | $310 | $367 |
| Provision for uncollectible reinsurance | 11 | 8 |
| Write-offs charged against the valuation allowance | (2) | — |
| Foreign exchange revaluation | 1 | — |
| Valuation allowance for uncollectible reinsurance - end of period | $320 | $375 |
For additional information, refer to Note 1 e) to the Consolidated Financial Statements of our 2024 Form 10-K.
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