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: 2016 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
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 | |
| Revenues | |||
| Net premiums written | $ 28,145 | 17,713 | 17,799 |
| Decrease (increase) in unearned premiums | 604 | (500) | (373) |
| Net premiums earned | 28,749 | 17,213 | 17,426 |
| Net investment income | 2,865 | 2,194 | 2,252 |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (111) | (151) | (75) |
| Portion of OTTI losses recognized in other comprehensive income (OCI) | 8 | 39 | 7 |
| Net OTTI losses recognized in income | (103) | (112) | (68) |
| Net realized gains (losses) excluding OTTI losses | (42) | (308) | (439) |
| Total Net realized gains (losses) including OTTI | (145) | (420) | (507) |
| Total revenues | 31,469 | 18,987 | 19,171 |
| Expenses | |||
| Losses and loss expenses | 16,052 | 9,484 | 9,649 |
| Policy benefits | 588 | 543 | 517 |
| Policy Acquisition Costs | 5,904 | 2,941 | 3,075 |
| Administrative expenses | 3,081 | 2,270 | 2,245 |
| Interest expense | 605 | 300 | 280 |
| Other (income) expense | (222) | (51) | (190) |
| Amortization of Purchased Intangibles | 19 | 171 | 108 |
| Chubb integration expenses | 492 | 33 | 0 |
| Total expenses | 26,519 | 15,691 | 15,684 |
| Income before income tax | 4,950 | 3,296 | 3,487 |
| Income tax expense | 815 | 462 | 634 |
| Net income | 4,135 | 2,834 | 2,853 |
| Other comprehensive income (loss) | |||
| Unrealized appreciation (depreciation) | (35) | (1,280) | 820 |
| Reclassification adjustment for net realized (gains) losses included in net income | 119 | 151 | 24 |
| Other comprehensive income (loss) after reclassification for net realized gains included in net income | 84 | (1,129) | 844 |
| Change in: | |||
| Cumulative foreign currency translation adjustment | (154) | (958) | (632) |
| Postretirement benefit liability adjustment | 545 | 15 | 2 |
| Other comprehensive income (loss), before income tax | 475 | (2,072) | 214 |
| Income tax (expense) benefit related to OCI items | (54) | 146 | (175) |
| Other comprehensive income (loss) | 421 | (1,926) | 39 |
| Comprehensive income | 4,556 | 908 | 2,892 |
| Earnings per share | |||
| Basic earnings per share | 8.94 | 8.71 | 8.50 |
| Diluted earnings per share | 8.87 | 8.62 | 8.42 |
| 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 |