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 CORP | |||
Ticker: CB Fiscal Year: 2014 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
Cash flows from operating activities | |||
Net income | $ 2,853 | 3,758 | 2,706 |
Adjustments to reconcile net income to net cash flows from operating activities | |||
Net realized (gains) losses | 507 | (504) | (78) |
Amortization of premiums/discounts on fixed maturities | 188 | 268 | 220 |
Deferred income taxes | 145 | 240 | (7) |
Unpaid losses and loss expenses | 317 | (365) | 203 |
Unearned premiums | 441 | 402 | 522 |
Future policy benefits | 236 | 191 | 158 |
Insurance and reinsurance balances payable | 376 | 176 | (151) |
Accounts payable, accrued expenses, and other liabilities | 13 | 37 | (42) |
Income taxes payable | 103 | (45) | (167) |
Insurance and reinsurance balances receivable | (469) | (624) | 335 |
Reinsurance recoverable on losses and loss expenses | 119 | 787 | 372 |
Reinsurance recoverable on policy benefits | 4 | 23 | 52 |
Deferred policy acquisition costs | (397) | (503) | (340) |
Prepaid reinsurance premiums | (89) | (31) | (123) |
Other | 149 | 212 | 335 |
Net cash flows from operating activities | 4,496 | 4,022 | 3,995 |
Cash flows from investing activities | |||
Purchases of fixed maturities available for sale | (15,553) | (21,340) | (23,572) |
Purchases of to be announced mortgage-backed securities | (58) | (389) | |
Purchases of fixed maturities held to maturity | (267) | (447) | (388) |
Purchases of equity securities | (251) | (264) | (135) |
Sales of fixed maturities available for sale | 7,482 | 10,355 | 14,321 |
Sales of to be announced mortgage-backed securities | 58 | 448 | |
Sales of equity securities | 670 | 142 | 119 |
Maturities and redemptions of fixed maturities available for sale | 6,413 | 6,941 | 5,523 |
Maturities and redemptions of fixed maturities held to maturity | 875 | 1,488 | 1,451 |
Net change in short-term investments | (603) | 524 | 117 |
Net derivative instruments settlements | (230) | (471) | (281) |
Acquisition of subsidiaries (net of cash acquired of $20, $38, and $8) | (766) | (977) | (98) |
Other | (274) | (393) | (555) |
Net cash flows used for investing activities | (2,504) | (4,442) | (3,439) |
Cash flows from financing activities | |||
Dividends paid on Common Shares | (862) | (517) | (815) |
Common Shares repurchased | (1,429) | (287) | (11) |
Proceeds from issuance of long-term debt | 699 | 947 | |
Proceeds from issuance of short-term debt | 1,978 | 2,572 | 2,933 |
Repayment of short-term debt | (1,977) | (2,572) | (2,783) |
Repayments of Long-term Debt | (501) | ||
Proceeds from share-based compensation plans, including windfall tax benefits | 127 | 135 | 126 |
Other | 188 | 113 | |
Net cash flows (used for) from financing activities | (1,777) | 391 | (550) |
Effect of foreign currency rate changes on cash and cash equivalents | (139) | (7) | (5) |
Net increase (decrease) in cash | 76 | (36) | 1 |
Cash beginning of year | 579 | 615 | |
Cash end of year | 655 | 579 | 615 |
Supplemental cash flow information | |||
Taxes paid | 349 | 218 | 438 |
Interest paid | 264 | 253 | 240 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHUBB CORP | |||
Ticker: CB Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
Cash Flows from Operating Activities | |||
Net Income | $ 2,100 | 2,345 | 1,545 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
Increase (Decrease) in Unpaid Losses and Loss Expenses, Net | (45) | (582) | 691 |
Increase in Unearned Premiums, Net | 264 | 158 | 32 |
Amortization of Premiums and Discounts on Fixed Maturities | 196 | 183 | 163 |
Depreciation | 54 | 55 | 54 |
Realized Investment Gains, Net | (369) | (402) | (193) |
Other, Net | (47) | (26) | 7 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 2,153 | 1,731 | 2,299 |
Cash Flows from Investing Activities | |||
Proceeds from Fixed Maturities - Sales | 4,229 | 2,449 | 2,271 |
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions | 4,231 | 4,909 | 4,290 |
Proceeds from Sales of Equity Securities | 213 | 545 | 160 |
Purchases of Fixed Maturities | (9,987) | (8,275) | (7,247) |
Purchases of Equity Securities | (110) | (113) | (112) |
Investments in Other Invested Assets, Net | 315 | 498 | 293 |
Decrease (Increase) in Short Term Investments, Net | 780 | 383 | (629) |
Change in Receivable or Payable from Security Transactions not Settled, Net | 222 | (86) | 45 |
Purchases of Property and Equipment, Net | (49) | (52) | (43) |
Other, Net | (6) | ||
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (156) | 252 | (972) |
Cash Flows from Financing Activities | |||
Repayment of Long Term Debt | (275) | ||
Decrease in Funds Held under Deposit Contracts | (2) | (6) | (12) |
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans | 22 | 38 | 74 |
Repurchase of Shares | (1,547) | (1,288) | (959) |
Dividends Paid to Shareholders | (475) | (450) | (438) |
NET CASH USED IN FINANCING ACTIVITIES | (2,002) | (1,981) | (1,335) |
Net Increase (Decrease) in Cash | (5) | 2 | (8) |
Cash at Beginning of Year | 52 | 50 | |
CASH AT END OF YEAR | 47 | 52 | 50 |
External Links | |
CHUBB CORP (CB) Fiscal Year 2014 | |
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 |