10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHUBB LTD | |||
Ticker: CB Fiscal Year: 2012 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues | |||
| Premiums Earned | $ 11,838 | 11,644 | 11,215 |
| Investment Income | 1,556 | 1,644 | 1,665 |
| Other Revenues | 8 | 9 | 13 |
| Realized Investment Gains (Losses), Net | |||
| Total Other-Than-Temporary Impairment Losses on Investments | (40) | (22) | (6) |
| Other-Than-Temporary Impairment Losses on Investments Recognized in Other Comprehensive Income | (5) | (1) | (5) |
| Other Realized Investment Gains, Net | 238 | 311 | 437 |
| Total Realized Investment Gains, Net | 193 | 288 | 426 |
| TOTAL REVENUES | 13,595 | 13,585 | 13,319 |
| Losses and Expenses | |||
| Losses and Loss Expenses | 7,507 | 7,407 | 6,499 |
| Amortization of Deferred Policy Acquisition Costs | 2,411 | 2,330 | 2,183 |
| Other Insurance Operating Costs and Expenses | 1,362 | 1,312 | 1,309 |
| Investment Expenses | 38 | 39 | 35 |
| Other Expenses | 11 | 11 | 15 |
| Corporate Expenses | 270 | 287 | 290 |
| TOTAL LOSSES AND EXPENSES | 11,599 | 11,386 | 10,331 |
| INCOME BEFORE FEDERAL AND FOREIGN INCOME TAX | 1,996 | 2,199 | 2,988 |
| Federal and Foreign Income Tax | 451 | 521 | 814 |
| NET INCOME | 1,545 | 1,678 | 2,174 |
| Net Income Per Share | |||
| Basic | 5.73 | 5.80 | 6.81 |
| Diluted | 5.69 | 5.76 | 6.76 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHUBB LTD | |||
Ticker: CB Fiscal Year: 2012 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues | |||
| Net premiums written | $ 16,075,000,000 | 15,372,000,000 | 13,708,000,000 |
| Change in unearned premiums | (398,000,000) | 15,000,000 | (204,000,000) |
| Net premiums earned | 15,677,000,000 | 15,387,000,000 | 13,504,000,000 |
| Net investment income | 2,181,000,000 | 2,242,000,000 | 2,070,000,000 |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (38,000,000) | (65,000,000) | (128,000,000) |
| Portion of OTTI losses recognized in other comprehensive income (OCI) | 1,000,000 | 15,000,000 | 69,000,000 |
| Net OTTI losses recognized in income | (37,000,000) | (50,000,000) | (59,000,000) |
| Net realized gains (losses) excluding OTTI losses | 115,000,000 | (745,000,000) | 491,000,000 |
| Total net realized gains (losses) | 78,000,000 | (795,000,000) | 432,000,000 |
| Total revenues | 17,936,000,000 | 16,834,000,000 | 16,006,000,000 |
| Expenses | |||
| Losses and loss expenses | 9,653,000,000 | 9,520,000,000 | 7,579,000,000 |
| Policy benefits | 521,000,000 | 401,000,000 | 357,000,000 |
| Policy acquisition costs | 2,446,000,000 | 2,472,000,000 | 2,345,000,000 |
| Administrative expenses | 2,096,000,000 | 2,068,000,000 | 1,873,000,000 |
| Interest expense | 250,000,000 | 250,000,000 | 224,000,000 |
| Other (income) expense | (6,000,000) | 81,000,000 | (10,000,000) |
| Total expenses | 14,960,000,000 | 14,792,000,000 | 12,368,000,000 |
| Income before income tax | 2,976,000,000 | 2,042,000,000 | 3,638,000,000 |
| Income tax expense | 270,000,000 | 502,000,000 | 553,000,000 |
| Net income (loss) | 2,706,000,000 | 1,540,000,000 | 3,085,000,000 |
| Other comprehensive income (loss) | |||
| Unrealized appreciation | 1,350,000,000 | 646,000,000 | 1,526,000,000 |
| Reclassification adjustment for net realized gains included in net income | (234,000,000) | (173,000,000) | (632,000,000) |
| Other comprehensive income (loss) | 1,116,000,000 | 473,000,000 | 894,000,000 |
| Change in: | |||
| Cumulative translation adjustment | 116,000,000 | (5,000,000) | (7,000,000) |
| Pension liability | (35,000,000) | 8,000,000 | 11,000,000 |
| Other comprehensive income, before income tax | 1,197,000,000 | 476,000,000 | 898,000,000 |
| Income tax expense related to OCI items | (221,000,000) | (159,000,000) | (127,000,000) |
| Other comprehensive income (loss) | 976,000,000 | 317,000,000 | 771,000,000 |
| Comprehensive income | 3,682,000,000 | 1,857,000,000 | 3,856,000,000 |
| Earnings per share | |||
| Basic earnings per share (US$ per share) | 8 | 5 | 9 |
| Diluted earnings per share (US$ per share) | 8 | 5 | 9 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2012 | |
| 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 |