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: 2009 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 2,183 | 1,804 | 2,807 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
| Increase in Unpaid Losses and Loss Expenses, Net | 262 | 389 | 350 |
| Decrease in Unearned Premiums, Net | (254) | (46) | (74) |
| Decrease in Premiums Receivable | 100 | 26 | 87 |
| Decrease in Reinsurance Recoverable on Paid Losses | 6 | 148 | 258 |
| Amortization of Premiums and Discounts on Fixed Maturities | 186 | 206 | 233 |
| Depreciation | 69 | 64 | 69 |
| Realized Investment Losses (Gains), Net | (23) | 371 | (374) |
| Other, Net | (94) | (418) | (165) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 2,435 | 2,544 | 3,191 |
| Cash Flows from Investing Activities | |||
| Proceeds from Fixed Maturities - Sales | 3,029 | 4,145 | 4,616 |
| Proceeds from Fixed Maturities - Maturities, Calls and Redemptions | 2,578 | 2,173 | 1,790 |
| Proceeds from Sales of Equity Securities | 394 | 432 | 360 |
| Purchases of Fixed Maturities | (7,390) | (7,125) | (7,909) |
| Purchases of Equity Securities | (37) | (191) | (650) |
| Investments in Other Invested Assets, Net | (37) | (45) | (164) |
| Decrease (Increase) in Short Term Investments, Net | 563 | (654) | 455 |
| Increase (Decrease) in Net Payable from Security Transactions not Settled | 72 | (18) | (106) |
| Purchases of Property and Equipment, Net | (52) | (46) | (53) |
| Other, Net | 6 | 3 | 12 |
| NET CASH USED IN INVESTING ACTIVITIES | (874) | (1,326) | (1,649) |
| Cash Flows from Financing Activities | |||
| Proceeds from Issuance of Long Term Debt | 0 | 1,200 | 1,800 |
| Repayment of Long Term Debt | 0 | (685) | (800) |
| Decrease in Funds Held under Deposit Contracts | (53) | (19) | (8) |
| Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans | 34 | 109 | 130 |
| Repurchase of Shares | (1,060) | (1,336) | (2,185) |
| Dividends Paid to Shareholders | (487) | (471) | (451) |
| Other, Net | 0 | (9) | (17) |
| NET CASH USED IN FINANCING ACTIVITIES | (1,566) | (1,211) | (1,531) |
| Net Increase (Decrease) in Cash | (5) | 7 | 11 |
| Cash at Beginning of Year | 56 | 49 | |
| CASH AT END OF YEAR | 51 | 56 | 49 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHUBB LTD | |||
Ticker: CB Fiscal Year: 2009 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 25, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,549 | 1,197 | 2,578 |
| Adjustments to reconcile net income to net cash flows from operating activities | |||
| Net realized (gains) losses | 196 | 1,633 | 61 |
| Amortization of premiums/discounts on fixed maturities | 53 | (1) | (6) |
| Deferred income taxes | (19) | (141) | 25 |
| Unpaid losses and loss expenses (cash flow) | 298 | 1,300 | 1,194 |
| Unearned premiums (cash flow) | 102 | (128) | (356) |
| Future policy benefits (cash flow) | 67 | 212 | 27 |
| Insurance and reinsurance balances payable (cash flow) | 434 | (26) | 298 |
| Accounts payable, accrued expenses, and other liabilities (cash flow) | (206) | 638 | 242 |
| Income taxes payable (cash flow) | 13 | 46 | (72) |
| Insurance and reinsurance balances receivable (cash flow) | (119) | (6) | 155 |
| Reinsurance recoverable on losses and loss expenses (cash flow) | 518 | (224) | 341 |
| Reinsurance recoverable on policy benefits (cash flow) | (51) | (9) | 2 |
| Deferred policy acquisition costs (cash flow) | (309) | (185) | (10) |
| Prepaid reinsurance premiums (cash flow) | 24 | (15) | 35 |
| Other cash flows from operating activities | (215) | (190) | 187 |
| Net cash flows from operating activities | 3,335 | 4,101 | 4,701 |
| Cash flows used for investing activities: | |||
| Purchases of fixed maturities available for sale | (31,789) | (24,537) | (25,195) |
| Purchases of to be announced mortgage-backed securities | (5,471) | (18,969) | (22,923) |
| Purchases of fixed maturities held to maturity | (472) | (366) | (324) |
| Purchases of equity securities | (354) | (971) | (929) |
| Sales of fixed maturities available for sale | 23,693 | 21,087 | 19,266 |
| Sales of to be announced mortgage-backed securities | 5,961 | 18,340 | 21,550 |
| Sales of fixed maturities held to maturity | 11 | 0 | 0 |
| Sales of equity securities | 1,272 | 1,164 | 863 |
| Maturities and redemptions of fixed maturities available for sale | 3,404 | 2,780 | 3,232 |
| Maturities and redemptions of fixed maturities held to maturity | 514 | 445 | 365 |
| Net derivative instruments settlements | (92) | 32 | (16) |
| Other cash flows from investing activities | 99 | (608) | (419) |
| Acquisition of subsidiary (net of cash acquired of $19) | 0 | 2,521 | 0 |
| Net cash flows used for investing activities | (3,224) | (4,124) | (4,530) |
| Cash flows (used for) from financing activities: | |||
| Dividends paid on Common Shares | (388) | (362) | (341) |
| Net repayment of short-term debt | (466) | (89) | (465) |
| Net proceeds from issuance of long-term debt | 500 | 1,245 | 500 |
| Proceeds from exercise of options for Common Shares | 15 | 97 | 65 |
| Proceeds from Common Shares issued under ESPP | 10 | 10 | 9 |
| Tax benefit on share-based compensation expense | 8 | 12 | 24 |
| Dividends paid on Preferred Shares | 0 | (24) | (45) |
| Redemption of Preferred Shares | 0 | (575) | 0 |
| Net cash flows (used for) from financing activities | (321) | 314 | (253) |
| Effect of foreign currency rate changes on cash and cash equivalents: | |||
| Effect of foreign currency rate changes on cash and cash equivalents | 12 | 66 | 27 |
| Cash: | |||
| Net (decrease) increase in cash | (198) | 357 | (55) |
| Cash - beginning of period | 867 | 510 | |
| Cash - end of period | 669 | 867 | 510 |
| Supplemental cash flow information | |||
| Taxes paid | 538 | 403 | 561 |
| Interest paid | 228 | 226 | 177 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2009 | |
| 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 |