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: 2010 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenues | |||
| Premiums Earned | $ 11,215 | 11,331 | 11,828 |
| Investment Income | 1,665 | 1,649 | 1,732 |
| Other Revenues | 13 | 13 | 32 |
| Realized Investment Gains (Losses), Net | |||
| Total Other-Than-Temporary Impairment Losses on Investments | (6) | (132) | (446) |
| Other-Than-Temporary Impairment Losses on Investments Recognized in Other Comprehensive Income | (5) | 20 | 0 |
| Other Realized Investment Gains, Net | 437 | 135 | 75 |
| Total Realized Investment Gains (Losses), Net | 426 | 23 | (371) |
| TOTAL REVENUES | 13,319 | 13,016 | 13,221 |
| Losses and Expenses | |||
| Losses and Loss Expenses | 6,499 | 6,268 | 6,898 |
| Amortization of Deferred Policy Acquisition Costs | 3,067 | 3,021 | 3,123 |
| Other Insurance Operating Costs and Expenses | 425 | 416 | 441 |
| Investment Expenses | 35 | 39 | 32 |
| Other Expenses | 15 | 16 | 36 |
| Corporate Expenses | 290 | 294 | 284 |
| TOTAL LOSSES AND EXPENSES | 10,331 | 10,054 | 10,814 |
| INCOME BEFORE FEDERAL AND FOREIGN INCOME TAX | 2,988 | 2,962 | 2,407 |
| Federal and Foreign Income Tax | 814 | 779 | 603 |
| NET INCOME | 2,174 | 2,183 | 1,804 |
| Net Income Per Share | |||
| Basic | 6.81 | 6.24 | 5.00 |
| Diluted | 6.76 | 6.18 | 4.92 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHUBB LTD | |||
Ticker: CB Fiscal Year: 2010 | |||
Consolidated Statements of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenue: | |||
| Net premiums written | $ 13,708,000,000 | 13,299,000,000 | 13,080,000,000 |
| Change in unearned premiums | (204,000,000) | (59,000,000) | 123,000,000 |
| Net premiums earned | 13,504,000,000 | 13,240,000,000 | 13,203,000,000 |
| Net investment income | 2,070,000,000 | 2,031,000,000 | 2,062,000,000 |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (128,000,000) | (699,000,000) | (1,064,000,000) |
| Portion of OTTI losses recognized in other comprehensive income (OCI) | 69,000,000 | 302,000,000 | 0 |
| Net OTTI losses recognized in income | (59,000,000) | (397,000,000) | (1,064,000,000) |
| Net realized gains (losses) excluding OTTI losses | 491,000,000 | 201,000,000 | (569,000,000) |
| Net realized gains (losses) | 432,000,000 | (196,000,000) | (1,633,000,000) |
| Total revenues | 16,006,000,000 | 15,075,000,000 | 13,632,000,000 |
| Expenses: | |||
| Losses and loss expenses | 7,579,000,000 | 7,422,000,000 | 7,603,000,000 |
| Policy benefits | 357,000,000 | 325,000,000 | 399,000,000 |
| Policy acquisition costs | 2,337,000,000 | 2,130,000,000 | 2,135,000,000 |
| Administrative expenses | 1,858,000,000 | 1,811,000,000 | 1,737,000,000 |
| Interest expense | 224,000,000 | 225,000,000 | 230,000,000 |
| Other (income) expense | (16,000,000) | 85,000,000 | (39,000,000) |
| Total expenses | 12,339,000,000 | 11,998,000,000 | 12,065,000,000 |
| Income before income tax | 3,667,000,000 | 3,077,000,000 | 1,567,000,000 |
| Income tax expense | 559,000,000 | 528,000,000 | 370,000,000 |
| Net income (loss) | 3,108,000,000 | 2,549,000,000 | 1,197,000,000 |
| Other comprehensive income (loss): | |||
| Unrealized appreciation (depreciation) | 1,526,000,000 | 2,712,000,000 | (3,948,000,000) |
| Reclassification adjustment for net realized (gains) losses included in net income | (632,000,000) | 75,000,000 | 1,189,000,000 |
| Subtotal | 894,000,000 | 2,787,000,000 | (2,759,000,000) |
| Change in cumulative translation adjustment | (7,000,000) | 568,000,000 | (590,000,000) |
| Change in pension liability | 11,000,000 | (48,000,000) | 23,000,000 |
| Other comprehensive income (loss), before income tax | 898,000,000 | 3,307,000,000 | (3,326,000,000) |
| Income tax expense benefit related to other comprehensive income items | (127,000,000) | (568,000,000) | 647,000,000 |
| Other comprehensive income (loss) | 771,000,000 | 2,739,000,000 | (2,679,000,000) |
| Comprehensive income (loss) | 3,879,000,000 | 5,288,000,000 | (1,482,000,000) |
| Earnings per share: | |||
| Basic earnings per share | 9 | 8 | 4 |
| Diluted earnings per share | 9 | 8 | 4 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2010 | |
| 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 |