10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CHUBB LTD | ||
Ticker: CB Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Fixed maturities available for sale, at fair value, net of valuation allowance - $169 and $14 (amortized cost $93,355 and $90,493) | $ 85,220 | 93,108 |
| Fixed maturities held to maturity, at amortized cost, net of valuation allowance - $34 and $35 (fair value $8,439 and $10,647) | 8,848 | 10,118 |
| Equity securities, at fair value | 827 | 4,782 |
| Short-term investments, at fair value (amortized cost $4,962 and $3,147) | 4,960 | 3,146 |
| Other investments, at fair value | 13,696 | 11,169 |
| Total investments | 113,551 | 122,323 |
| Cash | 2,012 | 1,659 |
| Restricted cash | 115 | 152 |
| Securities lending collateral | 1,523 | 1,831 |
| Accrued investment income | 941 | 821 |
| Insurance and reinsurance balances receivable, net of valuation allowance - $52 and $46 | 11,933 | 11,322 |
| Reinsurance recoverable on losses and loss expenses, net of valuation allowance - $351 and $329 | 18,901 | 17,366 |
| Reinsurance recoverable on policy benefits | 303 | 213 |
| Deferred policy acquisition costs | 5,788 | 5,513 |
| Value of business acquired | 3,596 | 236 |
| Goodwill | 16,287 | 15,213 |
| Other intangible assets | 5,441 | 5,455 |
| Prepaid reinsurance premiums | 3,140 | 3,028 |
| Investments in partially-owned insurance companies | 2,877 | 3,130 |
| Other assets | 12,736 | 11,792 |
| Total assets | 199,144 | 200,054 |
| Liabilities | ||
| Unpaid losses and loss expenses | 76,323 | 72,943 |
| Unearned premiums | 20,360 | 19,101 |
| Future policy benefits | 10,120 | 5,947 |
| Insurance and reinsurance balances payable | 7,795 | 7,243 |
| Securities lending payable | 1,523 | 1,831 |
| Accounts payable, accrued expenses, and other liabilities | 15,587 | 15,004 |
| Deferred tax liabilities | 292 | 389 |
| Repurchase agreements | 1,419 | 1,406 |
| Short-term debt | 475 | 999 |
| Long-term debt | 14,402 | 15,169 |
| Trust preferred securities | 308 | 308 |
| Total liabilities | 148,604 | 140,340 |
| Commitments and contingencies (refer to Note 10) | ||
| Shareholders' equity | ||
| Common Shares (CHF 24.15 par value; 446,376,614 and 474,021,114 shares issued; 414,594,856 and 426,572,612 shares outstanding) | 10,346 | 10,985 |
| Common Shares in treasury (31,781,758 and 47,448,502 shares) | (5,113) | (7,464) |
| Additional paid-in capital | 7,166 | 8,478 |
| Retained earnings | 48,334 | 47,365 |
| Accumulated other comprehensive income (loss) (AOCI) | (10,193) | 350 |
| Total shareholders equity | 50,540 | 59,714 |
| Total liabilities and shareholders equity | 199,144 | 200,054 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2022 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |