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: 2019 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 27, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities | |||
| Net income | $ 4,454 | 3,962 | 3,861 |
| Adjustments to reconcile net income to net cash flows from operating activities | |||
| Net Realized Gains Losses | 530 | 652 | (84) |
| Amortization of premiums/discounts on fixed maturities | 395 | 592 | 694 |
| Amortization of purchased intangibles | 305 | 339 | 260 |
| Deferred income taxes | (97) | 16 | (527) |
| Unpaid losses and loss expenses | (257) | 570 | 2,137 |
| Unearned premiums | 1,051 | 654 | 264 |
| Future policy benefits | 215 | 235 | 217 |
| Insurance and reinsurance balances payable | (302) | 722 | 271 |
| Accounts payable, accrued expenses, and other liabilities | (207) | 375 | (517) |
| Income taxes payable | (7) | 161 | (365) |
| Insurance and reinsurance balances receivable | (270) | (981) | (243) |
| Reinsurance recoverable | 838 | (1,165) | (1,248) |
| Deferred policy acquisition costs | (344) | (301) | (317) |
| Other | 38 | (351) | 100 |
| Net cash flows from operating activities | 6,342 | 5,480 | 4,503 |
| Cash flows from investing activities | |||
| Purchases of fixed maturities available for sale | (25,846) | (24,700) | (25,720) |
| Purchases of to be announced mortgage-backed securities | 0 | (35) | (27) |
| Purchases of fixed maturities held to maturity | (229) | (456) | (352) |
| Purchases of equity securities | (531) | (207) | (173) |
| Sales of fixed maturities available for sale | 13,110 | 14,001 | 13,228 |
| Sales of to be announced mortgage-backed securities | 6 | 29 | 27 |
| Sales of equity securities | 611 | 315 | 187 |
| Maturities and redemptions of fixed maturities available for sale | 9,039 | 7,352 | 10,425 |
| Maturities and redemptions of fixed maturities held to maturity | 946 | 1,124 | 879 |
| Net change in short-term investments | (1,117) | 516 | (537) |
| Net derivative instruments settlements | (703) | 16 | (265) |
| Private equity contributions | (1,315) | (1,337) | (648) |
| Private equity distributions | 1,390 | 980 | 1,084 |
| Acquisition of subsidiaries (net of cash acquired of $45, nil, and nil) | (29) | 0 | 0 |
| Other | (1,237) | (533) | (530) |
| Net Cash Provided by (Used in) Investing Activities | (5,905) | (2,935) | (2,422) |
| Cash flows from financing activities | |||
| Dividends paid on Common Shares | (1,354) | (1,337) | (1,308) |
| Common Shares repurchased | (1,530) | (1,044) | (801) |
| Proceeds from issuance of long-term debt | 2,828 | 2,171 | 0 |
| Proceeds from issuance of repurchase agreements | 2,817 | 2,029 | 2,353 |
| Repayments of Long-term Debt | (510) | (2,001) | (501) |
| Repayment of repurchase agreements | (2,817) | (2,019) | (2,348) |
| Proceeds from share-based compensation plans | 204 | 115 | 151 |
| Policyholder contract deposits | 514 | 453 | 442 |
| Policyholder contract withdrawals | (303) | (358) | (307) |
| Net cash flows (used for) from financing activities | (151) | (1,991) | (2,319) |
| Effect of foreign currency rate changes on cash and restricted cash | 20 | (65) | 1 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | 306 | 489 | (237) |
| Cash and restricted cash - beginning of year | 1,340 | 851 | |
| Cash and restricted cash - end of year | 1,646 | 1,340 | 851 |
| Supplemental cash flow information | |||
| Taxes paid | 912 | 503 | 736 |
| Interest paid | 512 | 621 | 644 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2019 | |
| 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 |