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: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 1,545 | 1,678 | 2,174 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
| Increase in Unpaid Losses and Loss Expenses, Net | 691 | 361 | 145 |
| Increase in Unearned Premiums, Net | 32 | 114 | 21 |
| Decrease (Increase) in Premiums Receivable | (24) | (63) | 3 |
| Change in Income Tax Payable or Recoverable | (53) | (102) | 178 |
| Deferred Income Tax | 32 | 25 | 136 |
| Amortization of Premiums and Discounts on Fixed Maturities | 163 | 147 | 154 |
| Depreciation | 54 | 58 | 63 |
| Realized Investment Gains, Net | (193) | (288) | (426) |
| Other, Net | 52 | (52) | (117) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 2,299 | 1,878 | 2,331 |
| Cash Flows from Investing Activities | |||
| Proceeds from Fixed Maturities - Sales | 2,271 | 1,730 | 2,287 |
| Proceeds from Fixed Maturities - Maturities, Calls and Redemptions | 4,290 | 3,540 | 2,856 |
| Proceeds from Sales of Equity Securities | 160 | 167 | 129 |
| Purchases of Fixed Maturities | (7,247) | (5,014) | (5,176) |
| Purchases of Equity Securities | (112) | (95) | (156) |
| Investments in Other Invested Assets, Net | 293 | 285 | 173 |
| Decrease (Increase) in Short Term Investments, Net | (629) | 11 | 38 |
| Increase (Decrease) in Net Payable from Security Transactions not Settled | 45 | 8 | (24) |
| Purchases of Property and Equipment, Net | (43) | (52) | (54) |
| Other, Net | (6) | ||
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (972) | 580 | 67 |
| Cash Flows from Financing Activities | |||
| Repayment of Long Term Debt | (400) | ||
| Increase (Decrease) in Funds Held under Deposit Contracts | (12) | 7 | 22 |
| Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans | 74 | 80 | 74 |
| Repurchase of Shares | (959) | (1,707) | (2,003) |
| Dividends Paid to Shareholders | (438) | (450) | (472) |
| NET CASH USED IN FINANCING ACTIVITIES | (1,335) | (2,470) | (2,379) |
| Net Increase (Decrease) in Cash | (8) | (12) | 19 |
| Cash at Beginning of Year | 58 | 70 | |
| CASH AT END OF YEAR | 50 | 58 | 70 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHUBB LTD | |||
Ticker: CB Fiscal Year: 2012 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities | |||
| Net income | $ 2,706,000,000 | 1,540,000,000 | 3,085,000,000 |
| Adjustments to reconcile net income to net cash flows from operating activities | |||
| Net realized (gains) losses | (78,000,000) | 795,000,000 | (432,000,000) |
| Amortization of premiums/discounts on fixed maturities | 220,000,000 | 152,000,000 | 145,000,000 |
| Deferred income taxes | (7,000,000) | 15,000,000 | 110,000,000 |
| Unpaid losses and loss expenses | 203,000,000 | 43,000,000 | (360,000,000) |
| Unearned premiums | 522,000,000 | 9,000,000 | 262,000,000 |
| Future policy benefits | 158,000,000 | 78,000,000 | 48,000,000 |
| Insurance and reinsurance balances payable | (151,000,000) | 216,000,000 | (172,000,000) |
| Accounts payable, accrued expenses, and other liabilities | (42,000,000) | 39,000,000 | 130,000,000 |
| Income taxes payable | (167,000,000) | 39,000,000 | 10,000,000 |
| Insurance and reinsurance balances receivable | 335,000,000 | (217,000,000) | 50,000,000 |
| Reinsurance recoverable on losses and loss expenses | 372,000,000 | 531,000,000 | 626,000,000 |
| Reinsurance recoverable on policy benefits | 52,000,000 | 25,000,000 | 49,000,000 |
| Deferred policy acquisition costs | (340,000,000) | (122,000,000) | (170,000,000) |
| Prepaid reinsurance premiums | (123,000,000) | (34,000,000) | (13,000,000) |
| Other | 335,000,000 | 361,000,000 | 178,000,000 |
| Net cash flows from operating activities | 3,995,000,000 | 3,470,000,000 | 3,546,000,000 |
| Cash flows from investing activities | |||
| Purchases of fixed maturities available for sale | (23,455,000,000) | (23,823,000,000) | (29,985,000,000) |
| Purchases of to be announced mortgage-backed securities | (389,000,000) | (755,000,000) | (1,271,000,000) |
| Purchases of fixed maturities held to maturity | (388,000,000) | (340,000,000) | (616,000,000) |
| Purchases of equity securities | (135,000,000) | (309,000,000) | (794,000,000) |
| Sales of fixed maturities available for sale | 14,321,000,000 | 17,176,000,000 | 23,096,000,000 |
| Sales of to be announced mortgage-backed securities | 448,000,000 | 795,000,000 | 1,183,000,000 |
| Sales of equity securities | 119,000,000 | 376,000,000 | 774,000,000 |
| Maturities and redemptions of fixed maturities available for sale | 5,523,000,000 | 3,720,000,000 | 3,660,000,000 |
| Maturities and redemptions of fixed maturities held to maturity | 1,451,000,000 | 1,279,000,000 | 1,353,000,000 |
| Net derivative instruments settlements | (281,000,000) | (67,000,000) | (109,000,000) |
| Acquisition of subsidiaries (net of cash acquired of $8, $91 and $80) | (98,000,000) | (606,000,000) | (1,139,000,000) |
| Other | (555,000,000) | (482,000,000) | (333,000,000) |
| Net cash flows from (used for) investing activities | (3,439,000,000) | (3,036,000,000) | (4,181,000,000) |
| Cash flows from financing activities | |||
| Dividends paid on Common Shares | (815,000,000) | (459,000,000) | (435,000,000) |
| Common Shares repurchased | (11,000,000) | (195,000,000) | (235,000,000) |
| Proceeds from issuance of short-term debt | 2,933,000,000 | 5,238,000,000 | 1,300,000,000 |
| Repayment of short-term debt | (2,783,000,000) | (5,288,000,000) | (159,000,000) |
| Proceeds from issuances of long-term debt | 699,000,000 | ||
| Repayments of Long-term Debt | (500,000,000) | ||
| Proceeds from share-based compensation plans | 126,000,000 | 139,000,000 | 62,000,000 |
| Net cash flows from (used for) financing activities | (550,000,000) | (565,000,000) | 732,000,000 |
| Effect of foreign currency rate changes on cash and cash equivalents | (5,000,000) | (27,000,000) | 6,000,000 |
| Net increase (decrease) in cash | 1,000,000 | (158,000,000) | 103,000,000 |
| Cash - beginning of period | 614,000,000 | 772,000,000 | |
| Cash - end of period | 615,000,000 | 614,000,000 | 772,000,000 |
| Supplemental cash flow information | |||
| Taxes paid | 438,000,000 | 460,000,000 | 434,000,000 |
| Interest paid | 240,000,000 | 234,000,000 | 204,000,000 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2012 | |
| 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 |