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: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Fixed maturities available for sale, at fair value, net of valuatuon allowance - $20 at December 31, 2010 (amortized cost $85,188 and $82,580) | $ 90,699 | 85,488 |
| Debt securities, held to maturity, net carrying value | 11,653 | |
| Debt Securities, Held-to-maturity | 11,697 | 12,581 |
| Equity Securities, at fair value | 4,027 | 812 |
| short-term investments amortized cost | 4,349 | 4,291 |
| Short-term investments, at fair value (amortized cost - $4,349 and $4,291) | 4,345 | 4,291 |
| Other investments, at fair value | 7,945 | 6,062 |
| Total investments | 118,669 | 109,234 |
| Cash | 1,747 | 1,537 |
| Restricted Cash | 89 | 109 |
| Securities lending collateral | 1,844 | 994 |
| Accrued investment income | 867 | 867 |
| Premium Receivable, Allowance for Credit Loss | 44 | 44 |
| Insurance and reinsurance balances receivable, net of valuation allowance - $44 and $44 | 10,480 | 10,357 |
| Reinsurance Recoverable, Allowance for Credit Loss | 314 | 316 |
| Reinsurance recoverable on losses and loss expenses, net of valuation allowance - $314 and $316 | 15,592 [1] | 15,181 |
| Reinsurance recoverable on policy benefits | 206 | 197 |
| Deferred policy acquisition costs | 5,402 | 5,242 |
| Value of business acquired | 263 | 306 |
| Goodwill | 15,400 | 15,296 |
| Other intangible assets | 5,811 | 6,063 |
| Prepaid reinsurance premiums | 2,769 | 2,647 |
| Investments in partially-owned insurance companies | 2,813 | 1,332 |
| Other assets | 8,822 | 7,581 |
| Total assets | 190,774 | 176,943 |
| Liabilities | ||
| Unpaid losses and loss expenses | 67,811 | 62,690 |
| Unearned premiums | 17,652 | 16,771 |
| Future policy benefits | 5,713 | 5,373 |
| Insurance and reinsurance balances payable | 6,708 | 6,184 |
| Securities lending payable | 1,844 | 994 |
| Accounts payable, accrued expenses, and other liabilities | 14,052 | 12,214 |
| Deferred Income Tax Liabilities | 892 | 804 |
| Repurchase agreements | 1,405 | 1,416 |
| Short-term debt | 0 | 1,299 |
| Long-term debt | 14,948 | 13,559 |
| Trust preferred securities | 308 | 308 |
| Total liabilities | 131,333 | 121,612 |
| Commitments and contingencies (refer to Note 10) | ||
| Shareholders' equity | ||
| Common Shares (CHF 24.15 par value; 477,605,264 and 479,783,864 shares issued; 450,732,625 and 451,971,567 shares outstanding) | 11,064 | 11,121 |
| Common Shares in treasury (26,872,639 and 27,812,297 shares) | (3,644) | (3,754) |
| Additional Paid in Capital | 9,815 | 11,203 |
| Retained earnings | 39,337 | 36,142 |
| Accumulated other comprehensive income (AOCI) | 2,869 | 619 |
| Total shareholders' equity | 59,441 | 55,331 |
| Total liabilities and shareholders equity | 190,774 | 176,943 |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | 20 | 0 |
| Fixed maturities available for sale, at amortized cost | 85,188 | 82,580 |
| Debt Securities, Held-to-maturity, Allowance for Credit Loss | 44 | 0 |
| Debt Securities, Held-to-maturity, Fair Value | 12,510 | 13,005 |
| Common Shares, shares issued | 477,605,264 | 479,783,864 |
| Common Shares, shares outstanding | 450,732,625 | 451,971,567 |
| Treasury Stock, Shares | 26,872,639 | 27,812,297 |
| [1] Net of valuation allowance for uncollectible reinsurance. | ||
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2020 | |
| 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 |