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: 2020 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities | |||
| Net income | $ 3,533 | 4,454 | 3,962 |
| Adjustments to reconcile net income to net cash flows from operating activities | |||
| Net Realized Gains Losses | 498 | 530 | 652 |
| Amortization of premiums/discounts on fixed maturities | 367 | 395 | 592 |
| Amortization of purchased intangibles | 290 | 305 | 339 |
| Deferred income taxes | (333) | (97) | 16 |
| Unpaid losses and loss expenses | 4,664 | (257) | 570 |
| Unearned premiums | 846 | 1,051 | 654 |
| Future policy benefits | 236 | 215 | 235 |
| Insurance and reinsurance balances payable | 535 | (302) | 722 |
| Accounts payable, accrued expenses, and other liabilities | (98) | (207) | 375 |
| Income taxes payable | 46 | (7) | 161 |
| Insurance and reinsurance balances receivable | (114) | (270) | (981) |
| Reinsurance recoverable | (336) | 838 | (1,165) |
| Deferred policy acquisition costs | (89) | (344) | (301) |
| Other | (260) | 38 | (351) |
| Net cash flows from operating activities | 9,785 | 6,342 | 5,480 |
| Cash flows from investing activities | |||
| Purchases of fixed maturities available for sale | (26,298) | (25,846) | (24,700) |
| Purchases of to be announced mortgage-backed securities | 0 | 0 | (35) |
| Purchases of fixed maturities held to maturity | (202) | (229) | (456) |
| Purchases of equity securities | (6,419) | (531) | (207) |
| Sales of fixed maturities available for sale | 11,377 | 13,110 | 14,001 |
| Sales of to be announced mortgage-backed securities | 0 | 6 | 29 |
| Sales of equity securities | 3,880 | 611 | 315 |
| Maturities and redemptions of fixed maturities available for sale | 12,450 | 9,039 | 7,352 |
| Maturities and redemptions of fixed maturities held to maturity | 995 | 946 | 1,124 |
| Net change in short-term investments | (81) | (1,117) | 516 |
| Net derivative instruments settlements | (113) | (703) | 16 |
| Private equity contributions | (1,924) | (1,315) | (1,337) |
| Private equity distributions | 907 | 1,390 | 980 |
| Acquisition of subsidiaries (net of cash acquired of nil, $45, and nil) | 0 | (29) | 0 |
| Payment, including deposit, for Huatai Group Interest | (1,623) | (580) | |
| Other | (470) | (657) | (533) |
| Net Cash Provided by (Used in) Investing Activities | (7,521) | (5,905) | (2,935) |
| Cash flows from financing activities | |||
| Dividends paid on Common Shares | (1,388) | (1,354) | (1,337) |
| Common Shares repurchased | (523) | (1,530) | (1,044) |
| Proceeds from issuance of long-term debt | 988 | 2,828 | 2,171 |
| Proceeds from issuance of repurchase agreements | 2,354 | 2,817 | 2,029 |
| Repayments of Long-term Debt | (1,301) | (510) | (2,001) |
| Repayment of repurchase agreements | (2,354) | (2,817) | (2,019) |
| Proceeds from share-based compensation plans | 145 | 204 | 115 |
| Policyholder contract deposits | 470 | 514 | 453 |
| Policyholder contract withdrawals | (386) | (303) | (358) |
| Other | (87) | 0 | 0 |
| Net cash flows (used for) from financing activities | (2,082) | (151) | (1,991) |
| Effect of foreign currency rate changes on cash and restricted cash | 8 | 20 | (65) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | 190 | 306 | 489 |
| Cash and restricted cash - beginning of year | 1,646 | 1,340 | |
| Cash and restricted cash - end of year | 1,836 | 1,646 | 1,340 |
| Supplemental cash flow information | |||
| Taxes paid | 902 | 912 | 503 |
| Interest paid | 524 | 512 | 621 |
| Cash Acquired from Acquisition | 0 | 45 | 0 |
| Geographical | |||
| CHINA | |||
| Legal Entity | |||
| Huatai Group | |||
| Payment, including deposit, for Huatai Group Interest | (1,623) | (580) | 0 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2020 | |
| 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 |