10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHUBB LTD | |||
Ticker: CB Fiscal Year: 2016 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 28, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities | |||
| Net income | $ 4,135 | 2,834 | 2,853 |
| Adjustments to reconcile net income to net cash flows from operating activities | |||
| Net realized (gains) losses | 145 | 420 | 507 |
| Amortization of premiums/discounts on fixed maturities | 737 | 158 | 188 |
| Amortization of UPR related to the Chubb Corp acquisition | 1,559 | 0 | 0 |
| Deferred income taxes | 96 | 113 | 145 |
| Unpaid losses and loss expenses | 332 | (375) | 317 |
| Unearned premiums | (680) | 335 | 441 |
| Future policy benefits | 188 | 216 | 236 |
| Insurance and reinsurance balances payable | 848 | 268 | 376 |
| Accounts payable, accrued expenses, and other liabilities | (97) | 179 | 13 |
| Income taxes payable | 147 | (148) | 103 |
| Insurance and reinsurance balances receivable | (616) | (53) | (469) |
| Reinsurance recoverable on losses and loss expenses | (365) | 218 | 119 |
| Reinsurance recoverable on policy benefits | 7 | 33 | 4 |
| Deferred policy acquisition costs | (1,449) | (435) | (397) |
| Prepaid reinsurance premiums | 18 | (212) | (89) |
| Other | 287 | 313 | 149 |
| Net cash flows from operating activities | 5,292 | 3,864 | 4,496 |
| Cash flows from investing activities | |||
| Purchases of fixed maturities available for sale | (30,759) | (16,040) | (15,553) |
| Purchases of to be announced mortgage-backed securities | (56) | (31) | |
| Purchases of fixed maturities held to maturity | (282) | (62) | (267) |
| Purchases of equity securities | (146) | (158) | (251) |
| Sales of fixed maturities available for sale | 16,621 | 10,783 | 7,482 |
| Sales of to be announced mortgage-backed securities | 56 | 31 | |
| Sales of equity securities | 1,000 | 183 | 670 |
| Maturities and redemptions of fixed maturities available for sale | 9,349 | 6,567 | 6,413 |
| Maturities and redemptions of fixed maturities held to maturity | 958 | 669 | 875 |
| Net change in short-term investments | 12,350 | (8,216) | (603) |
| Net derivative instruments settlements | (168) | (21) | (230) |
| Acquisition of subsidiaries (net of cash acquired of $71, 629, and $20) | (14,248) | 264 | (766) |
| Other | 10 | (263) | (274) |
| Net Cash Provided by (Used in) Investing Activities, Continuing Operations | (5,315) | (6,294) | (2,504) |
| Cash flows from financing activities | |||
| Dividends paid on Common Shares | (1,173) | (862) | (862) |
| Common Shares repurchased | (758) | (1,429) | |
| Proceeds from issuance of long-term debt | 6,090 | 699 | |
| Proceeds from issuance of repurchase agreements | 2,310 | 2,029 | 1,978 |
| Repayment of repurchase agreements | (2,311) | (2,027) | (1,977) |
| Repayments of Long-term Debt | (1,150) | (501) | |
| Proceeds from share-based compensation plans, including windfall tax benefits | 167 | 131 | 127 |
| Policyholder contract deposits | 522 | 503 | 366 |
| Policyholder contract withdrawals | (253) | (221) | (172) |
| Other | (4) | (40) | (6) |
| Net Cash Provided by (Used in) Financing Activities, Continuing Operations | (742) | 3,695 | (1,777) |
| Effect of foreign currency rate changes on cash and cash equivalents | (25) | (145) | (139) |
| Net increase (decrease) in cash | (790) | 1,120 | 76 |
| Cash beginning of year | 1,775 | 655 | |
| Cash end of year | 985 | 1,775 | 655 |
| Supplemental cash flow information | |||
| Taxes paid | 662 | 469 | 349 |
| Interest paid | 642 | 259 | 264 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2016 | |
| 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 |