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: 2017 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities | |||
| Net income | $ 3,861 | 4,135 | 2,834 |
| Adjustments to reconcile net income to net cash flows from operating activities | |||
| Net realized (gains) losses | (84) | 145 | 420 |
| Amortization of premiums/discounts on fixed maturities | 694 | 737 | 158 |
| Amortization of UPR related to the Chubb Corp acquisition and other intangibles | 260 | 1,578 | 171 |
| Deferred income taxes | (527) | 96 | 113 |
| Unpaid losses and loss expenses | 2,137 | 332 | (375) |
| Unearned premiums | 264 | (680) | 335 |
| Future policy benefits | 217 | 188 | 216 |
| Insurance and reinsurance balances payable | 271 | 848 | 268 |
| Accounts payable, accrued expenses, and other liabilities | (517) | (97) | 179 |
| Income taxes payable | (365) | 147 | (148) |
| Insurance and reinsurance balances receivable | (243) | (616) | (53) |
| Reinsurance recoverable on losses and loss expenses | (1,248) | (365) | 218 |
| Reinsurance recoverable on policy benefits | 7 | 33 | |
| Deferred policy acquisition costs | (317) | (1,449) | (435) |
| Prepaid reinsurance premiums | (82) | 18 | (212) |
| Other | 182 | 268 | 142 |
| Net cash flows from operating activities | 4,503 | 5,292 | 3,864 |
| Cash flows from investing activities | |||
| Purchases of fixed maturities available for sale | (25,720) | (30,759) | (16,040) |
| Purchases of to be announced mortgage-backed securities | (27) | (56) | (31) |
| Purchases of fixed maturities held to maturity | (352) | (282) | (62) |
| Purchases of equity securities | (173) | (146) | (158) |
| Sales of fixed maturities available for sale | 13,228 | 16,621 | 10,783 |
| Sales of to be announced mortgage-backed securities | 27 | 56 | 31 |
| Sales of equity securities | 187 | 1,000 | 183 |
| Maturities and redemptions of fixed maturities available for sale | 10,425 | 9,349 | 6,567 |
| Maturities and redemptions of fixed maturities held to maturity | 879 | 958 | 669 |
| Net change in short-term investments | (537) | 12,350 | (8,216) |
| Net derivative instruments settlements | (265) | (168) | (21) |
| Acquisition of subsidiaries (net of cash acquired of $nil, $71, and $629) | (14,248) | 264 | |
| Other | (114) | 10 | (263) |
| Net Cash Provided by (Used in) Investing Activities, Continuing Operations | (2,442) | (5,315) | (6,294) |
| Cash flows from financing activities | |||
| Dividends paid on Common Shares | (1,308) | (1,173) | (862) |
| Common Shares repurchased | (801) | (758) | |
| Proceeds from issuance of long-term debt | 6,090 | ||
| Proceeds from issuance of repurchase agreements | 2,353 | 2,310 | 2,029 |
| Repayment of repurchase agreements | (2,348) | (2,311) | (2,027) |
| Repayments of Long-term Debt | (501) | 0 | (1,150) |
| Proceeds from share-based compensation plans | 151 | 167 | 131 |
| Policyholder contract deposits | 442 | 522 | 503 |
| Policyholder contract withdrawals | (307) | (253) | (221) |
| Other | 0 | (4) | (40) |
| Net Cash Provided by (Used in) Financing Activities, Continuing Operations | (2,319) | (742) | 3,695 |
| Effect of foreign currency rate changes on cash and cash equivalents | 1 | (25) | (145) |
| Net increase (decrease) in cash | (257) | (790) | 1,120 |
| Cash beginning of year | 985 | 1,775 | |
| Cash end of year | 728 | 985 | 1,775 |
| Supplemental cash flow information | |||
| Taxes paid | 736 | 662 | 469 |
| Interest paid | 644 | 642 | 259 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2017 | |
| 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 |