Chubb Limited (CB) financial statements (2021 and earlier)

Company profile

Business Address BARENGASSE 32
ZURICH, CH-8001
State of Incorp.
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,1196,6405,0334,2894,01212,2483,006
Cash and cash equivalents1,7471,5371,2477289851,775655
Short-term investments8,3725,1033,7863,5613,02710,4732,351
Total current assets:10,1196,6405,0334,2894,01212,2483,006
Noncurrent Assets
Operating lease, right-of-use asset473551
Property, plant and equipment2,0001,9001,7001,3001,200  
Long-term investments and receivables10,7587,3945,9555,3345,1853,9443,850
Long-term investments10,7587,3945,9555,3345,1853,9443,850
Intangible assets, net (including goodwill), including:21,21121,35921,41422,05422,0955,6835,724
Goodwill15,40015,29615,27115,54115,3324,7964,904
Intangible assets, net (excluding goodwill)5,8116,0636,1436,5136,7631,7741,640
Other undisclosed intangible assets, net (including goodwill)     (887)(820)
Deferred costs   271256  
Total noncurrent assets:34,44231,20429,06928,95928,7369,6279,574
Other undisclosed assets146,213139,099133,669133,774127,03880,49185,668
TOTAL ASSETS:190,774176,943167,771167,022159,786102,36698,248
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,4051,2995091,0135001,4042,552
Total current liabilities:1,4051,2995091,0135001,4042,552
Noncurrent Liabilities
Liabilities, other than long-term debt892804     
Deferred income tax liabilities892804
Total noncurrent liabilities:892804     
Other undisclosed liabilities129,036119,509116,950114,837111,01171,82766,109
Total liabilities:131,333121,612117,459115,850111,51173,23168,661
Stockholders' equity
Stockholders' equity attributable to parent59,44155,33150,31251,17248,27529,13529,587
Common stock11,06411,12111,12111,12111,1217,8338,055
Treasury stock, value(3,644)(3,754)(2,618)(1,944)(1,480)(1,922)(1,448)
Additional paid in capital9,81511,20312,55713,97815,3354,4815,145
Accumulated other comprehensive income (loss)2,869619(2,448)543(314)(735)1,191
Retained earnings39,33736,14231,70027,47423,61319,47816,644
Total stockholders' equity:59,44155,33150,31251,17248,27529,13529,587
TOTAL LIABILITIES AND EQUITY:190,774176,943167,771167,022159,786102,36698,248

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues35,99434,18632,71732,24331,46918,98719,171
Premiums earned, net33,11731,29030,064
Financial services revenue29,03428,74917,21317,426
Cost of revenue(29,041)(25,623)(24,569)(24,911)(22,544)(12,968)(13,261)
Policyholder benefits and claims incurred, net(21,710)(18,730)(18,067)
Deferred policy acquisition costs, amortization expense(6,547)(6,153)(5,912)(5,781)(5,904)(2,941)(3,075)
Financial services costs(18,454)(16,052)(9,484)(9,649)
Gross profit:6,9538,5638,1487,3328,9256,0195,910
Operating expenses(3,269)(3,358)(3,284)(3,403)(3,592)(2,474)(2,376)
Other operating income, net994596434400222  
Operating income:4,6785,8015,2984,3295,5553,5453,534
Nonoperating income     512,226
Investment income, nonoperating      2,184
Other nonoperating income     5182
Interest and debt expense(516)(552)(641)(607)(605)(300)(280)
Income from continuing operations before equity method investments, income taxes:4,1625,2494,6573,7224,9503,2965,480
Income from equity method investments      231
Income from continuing operations before income taxes:4,1625,2494,6573,7224,9503,2965,711
Income tax expense      (634)
Other undisclosed loss from continuing operations      (1,590)
Net income:4,1625,2494,6573,7224,9503,2963,487
Other undisclosed net income (loss) attributable to parent(629)(795)(695)139(815)(462)(634)
Net income available to common stockholders, diluted:3,5334,4543,9623,8614,1352,8342,853

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:4,1625,2494,6573,7224,9503,2963,487
Other comprehensive income (loss)2,2503,067(2,720)857421(1,926)39
Other undisclosed comprehensive income (loss)(629)(795)(695)139(815)(462)(634)
Comprehensive income, net of tax, attributable to parent:5,7837,5211,2424,7184,5569082,892

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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