10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
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 Ended12 Months Ended12 Months Ended
 Dec 31, 2014Dec 31, 2013Dec 31, 2012
Cash flows from operating activities
Net income
$
2,853
3,7582,706
Adjustments to reconcile net income to net cash flows from operating activities
Net realized (gains) losses507(504)(78)
Amortization of premiums/discounts on fixed maturities188268220
Deferred income taxes145240(7)
Unpaid losses and loss expenses317(365)203
Unearned premiums441402522
Future policy benefits236191158
Insurance and reinsurance balances payable376176(151)
Accounts payable, accrued expenses, and other liabilities1337(42)
Income taxes payable103(45)(167)
Insurance and reinsurance balances receivable(469)(624)335
Reinsurance recoverable on losses and loss expenses119787372
Reinsurance recoverable on policy benefits42352
Deferred policy acquisition costs(397)(503)(340)
Prepaid reinsurance premiums(89)(31)(123)
Other149212335
Net cash flows from operating activities4,4964,0223,995
 
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 sale7,48210,35514,321
Sales of to be announced mortgage-backed securities58448
Sales of equity securities670142119
Maturities and redemptions of fixed maturities available for sale6,4136,9415,523
Maturities and redemptions of fixed maturities held to maturity8751,4881,451
Net change in short-term investments(603)524117
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 debt699947
Proceeds from issuance of short-term debt1,9782,5722,933
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 benefits127135126
Other188113
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 cash76(36)1
 
Cash beginning of year579615
Cash end of year655579615
 
Supplemental cash flow information
Taxes paid349218438
Interest paid264253240
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 Ended12 Months Ended12 Months Ended
 Dec 31, 2014Dec 31, 2013Dec 31, 2012
Cash Flows from Operating Activities
Net Income
$
2,100
2,3451,545
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, Net26415832
Amortization of Premiums and Discounts on Fixed Maturities196183163
Depreciation545554
Realized Investment Gains, Net(369)(402)(193)
Other, Net(47)(26)7
NET CASH PROVIDED BY OPERATING ACTIVITIES2,1531,7312,299
 
Cash Flows from Investing Activities
Proceeds from Fixed Maturities - Sales4,2292,4492,271
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions4,2314,9094,290
Proceeds from Sales of Equity Securities213545160
Purchases of Fixed Maturities(9,987)(8,275)(7,247)
Purchases of Equity Securities(110)(113)(112)
Investments in Other Invested Assets, Net315498293
Decrease (Increase) in Short Term Investments, Net780383(629)
Change in Receivable or Payable from Security Transactions not Settled, Net222(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 Plans223874
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 Year5250
CASH AT END OF YEAR475250
 
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