Chubb Limited (CB) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,7999,58710,1196,6405,0334,289
Cash and cash equivalents 2,0121,6591,7471,5371,247728
Short-term investments5,7877,9288,3725,1033,7863,561
Total current assets:7,7999,58710,1196,6405,0334,289
Noncurrent Assets
Operating lease, right-of-use asset607445473551
Property, plant and equipment 2,4002,0002,0001,9001,7001,300
Long-term investments and receivables16,57314,29910,7587,3945,9555,334
Long-term investments16,57314,29910,7587,3945,9555,334
Intangible assets, net (including goodwill)21,72820,66821,21121,35921,41422,054
Goodwill16,28715,21315,40015,29615,27115,541
Intangible assets, net (excluding goodwill)5,4415,4555,8116,0636,1436,513
Deferred costs      271
Total noncurrent assets:41,30837,41234,44231,20429,06928,959
Other undisclosed assets150,037153,055146,213139,099133,669133,774
TOTAL ASSETS:199,144200,054190,774176,943167,771167,022
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4759991,4051,2995091,013
Total current liabilities:4759991,4051,2995091,013
Noncurrent Liabilities
Liabilities, other than long-term debt292389892804  
Deferred income tax liabilities292389892804
Total noncurrent liabilities:292389892804  
Other undisclosed liabilities147,837138,952129,036119,509116,950114,837
Total liabilities:148,604140,340131,333121,612117,459115,850
Equity
Equity, attributable to parent50,54059,71459,44155,33150,31251,172
Common stock10,34610,98511,06411,12111,12111,121
Treasury stock, value(5,113)(7,464)(3,644)(3,754)(2,618)(1,944)
Additional paid in capital7,1668,4789,81511,20312,55713,978
Accumulated other comprehensive income (loss)(10,193)3502,869619(2,448)543
Retained earnings48,33447,36539,33736,14231,70027,474
Equity, attributable to noncontrolling interest      
Total equity:50,54059,71459,44155,33150,31251,172
TOTAL LIABILITIES AND EQUITY:199,144200,054190,774176,943167,771167,022

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues43,16640,96335,99434,18632,71732,243
Premiums earned, net  36,35533,11731,29030,064
Financial services revenue29,034
Cost of revenue(32,226)(29,597)(29,041)(25,623)(24,569)(24,911)
Policyholder benefits and claims incurred, net(23,342)(21,980)(21,710)(18,730)(18,067)
Deferred policy acquisition costs, amortization expense(7,392)(6,918)(6,547)(6,153)(5,912)(5,781)
Financial services costs(18,454)
Gross profit:10,94011,3666,9538,5638,1487,332
Operating expenses(3,728)(3,423)(3,269)(3,358)(3,284)(3,403)
Other operating income (expense), net(74)2,365994596434400
Operating income:7,13810,3084,6785,8015,2984,329
Interest and debt expense(570)(492)(516)(552)(641)(607)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:6,5689,8164,1625,2494,6573,722
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:6,5689,8164,1625,2494,6573,722
Income tax expense      
Income from continuing operations:6,5689,8164,1625,2494,6573,722
Income before gain (loss) on sale of properties:9,8164,1625,2494,6573,722
Net income:6,5689,8164,1625,2494,6573,722
Net income attributable to noncontrolling interest      
Other undisclosed net income (loss) attributable to parent(1,255)(1,277)(629)(795)(695)139
Net income available to common stockholders, diluted:5,3138,5393,5334,4543,9623,861

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:6,5689,8164,1625,2494,6573,722
Other comprehensive income (loss)(10,543)(2,519)2,2503,067(2,720)857
Other undisclosed comprehensive income (loss)   (629)(795)(695)139
Comprehensive income (loss):(3,975)7,2975,7837,5211,2424,718
Comprehensive income, net of tax, attributable to noncontrolling interest      
Other undisclosed comprehensive loss, net of tax, attributable to parent(1,255)(1,277)    
Comprehensive income (loss), net of tax, attributable to parent:(5,230)6,0205,7837,5211,2424,718

Statements Sources

The financial statements are based on the Company's filings with 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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