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: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 1,678 | 2,174 | 2,183 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
| Increase in Unpaid Losses and Loss Expenses, Net | 361 | 145 | 262 |
| Increase (Decrease) in Unearned Premiums, Net | 114 | 21 | (254) |
| Decrease (Increase) in Premiums Receivable | (63) | 3 | 100 |
| Change in Income Tax Payable or Recoverable | (102) | 178 | (27) |
| Deferred Income Tax | 25 | 136 | 86 |
| Amortization of Premiums and Discounts on Fixed Maturities | 147 | 154 | 168 |
| Depreciation | 58 | 63 | 69 |
| Realized Investment Gains, Net | (288) | (426) | (23) |
| Other, Net | (52) | (117) | (147) |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 1,878 | 2,331 | 2,417 |
| Cash Flows from Investing Activities | |||
| Proceeds from Fixed Maturities - Sales | 1,730 | 2,287 | 3,029 |
| Proceeds from Fixed Maturities - Maturities, Calls and Redemptions | 3,540 | 2,856 | 2,578 |
| Proceeds from Sales of Equity Securities | 167 | 129 | 394 |
| Purchases of Fixed Maturities | (5,014) | (5,176) | (7,372) |
| Purchases of Equity Securities | (95) | (156) | (37) |
| Investments in Other Invested Assets, Net | 285 | 173 | (37) |
| Decrease (Increase) in Short Term Investments, Net | 11 | 38 | 563 |
| Increase (Decrease) in Net Payable from Security Transactions not Settled | 8 | (24) | 72 |
| Purchases of Property and Equipment, Net | (52) | (54) | (52) |
| Other, Net | (6) | 6 | |
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 580 | 67 | (856) |
| Cash Flows from Financing Activities | |||
| Repayment of Long Term Debt | (400) | 0 | 0 |
| Increase (Decrease) in Funds Held Under Deposit Contracts | 7 | 22 | (53) |
| Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans | 80 | 74 | 34 |
| Repurchase of Shares | (1,707) | (2,003) | (1,060) |
| Dividends Paid to Shareholders | (450) | (472) | (487) |
| NET CASH USED IN FINANCING ACTIVITIES | (2,470) | (2,379) | (1,566) |
| Net Increase (Decrease) in Cash | (12) | 19 | (5) |
| Cash at Beginning of Year | 70 | 51 | |
| CASH AT END OF YEAR | 58 | 70 | 51 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHUBB LTD | |||
Ticker: CB Fiscal Year: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows from operating activities | |||
| Net income | $ 1,585,000,000 | 3,108,000,000 | 2,549,000,000 |
| Adjustments to reconcile net income to net cash flows from operating activities | |||
| Net realized losses (gains) | 795,000,000 | (432,000,000) | 196,000,000 |
| Amortization of premiums/discounts on fixed maturities | 152,000,000 | 145,000,000 | 53,000,000 |
| Deferred income taxes | 19,000,000 | 116,000,000 | (19,000,000) |
| Unpaid losses and loss expenses | 43,000,000 | (360,000,000) | 298,000,000 |
| Unearned premiums | 9,000,000 | 262,000,000 | 102,000,000 |
| Future policy benefits | 78,000,000 | 48,000,000 | 67,000,000 |
| Insurance and reinsurance balances payable | 216,000,000 | (172,000,000) | 434,000,000 |
| Accounts payable, accrued expenses, and other liabilities | 39,000,000 | 130,000,000 | (206,000,000) |
| Income taxes payable | 39,000,000 | 10,000,000 | 13,000,000 |
| Insurance and reinsurance balances receivable | (217,000,000) | 50,000,000 | (119,000,000) |
| Reinsurance recoverable on losses and loss expenses | 531,000,000 | 626,000,000 | 518,000,000 |
| Reinsurance recoverable on policy benefits | 25,000,000 | 49,000,000 | (51,000,000) |
| Deferred policy acquisition costs | (160,000,000) | (193,000,000) | (309,000,000) |
| Prepaid reinsurance premiums | (34,000,000) | (13,000,000) | 24,000,000 |
| Other | 350,000,000 | 172,000,000 | (215,000,000) |
| Net cash flows from operating activities | 3,470,000,000 | 3,546,000,000 | 3,335,000,000 |
| Cash flows from investing activities | |||
| Purchases of fixed maturities available for sale | (23,823,000,000) | (29,985,000,000) | (31,789,000,000) |
| Purchases of to be announced mortgage-backed securities | (755,000,000) | (1,271,000,000) | (5,471,000,000) |
| Purchases of fixed maturities held to maturity | (340,000,000) | (616,000,000) | (472,000,000) |
| Purchases of equity securities | (309,000,000) | (794,000,000) | (354,000,000) |
| Sales of fixed maturities available for sale | 17,176,000,000 | 23,096,000,000 | 23,693,000,000 |
| Sales of to be announced mortgage-backed securities | 795,000,000 | 1,183,000,000 | 5,961,000,000 |
| Sales of fixed maturities held to maturity | 11,000,000 | ||
| Sales of equity securities | 376,000,000 | 774,000,000 | 1,272,000,000 |
| Maturities and redemptions of fixed maturities available for sale | 3,720,000,000 | 3,660,000,000 | 3,404,000,000 |
| Maturities and redemptions of fixed maturities held to maturity | 1,279,000,000 | 1,353,000,000 | 514,000,000 |
| Net derivative instruments settlements | (67,000,000) | (109,000,000) | (92,000,000) |
| Acquisition of subsidiaries (net of cash acquired of $91 in 2011 and $80 in 2010) | (606,000,000) | (1,139,000,000) | |
| Other | (482,000,000) | (333,000,000) | 99,000,000 |
| Net cash flows used for investing activities | (3,036,000,000) | (4,181,000,000) | (3,224,000,000) |
| Cash flows from financing activities | |||
| Dividends paid on Common Shares | (459,000,000) | (435,000,000) | (388,000,000) |
| Common Shares repurchased | (195,000,000) | (235,000,000) | |
| Proceeds from issuance of short-term debt | 5,238,000,000 | 1,300,000,000 | |
| Repayment of short-term debt | (5,288,000,000) | (159,000,000) | (466,000,000) |
| Proceeds from issuance of long-term debt | 699,000,000 | 500,000,000 | |
| Repayment of long-term debt | (500,000,000) | ||
| Proceeds from share-based compensation plans | 133,000,000 | 63,000,000 | 25,000,000 |
| Tax benefit (expense) on share-based compensation expense | 6,000,000 | (1,000,000) | 8,000,000 |
| Net cash flows (used for) from financing activities | (565,000,000) | 732,000,000 | (321,000,000) |
| Effect of foreign currency rate changes on cash and cash equivalents | (27,000,000) | 6,000,000 | 12,000,000 |
| Net (decrease) increase in cash | (158,000,000) | 103,000,000 | (198,000,000) |
| Cash - beginning of year | 772,000,000 | 669,000,000 | |
| Cash - end of year | 614,000,000 | 772,000,000 | 669,000,000 |
| Supplemental cash flow information | |||
| Taxes paid | 460,000,000 | 434,000,000 | 538,000,000 |
| Interest paid | 234,000,000 | 204,000,000 | 228,000,000 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2011 | |
| 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 |