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: 2013 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 28, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenues | |||
| Premiums Earned | $ 12,066 | 11,838 | 11,644 |
| Investment Income | 1,465 | 1,556 | 1,644 |
| Other Revenues | 14 | 8 | 9 |
| Realized Investment Gains (Losses), Net | |||
| Total Other-Than-Temporary Impairment Losses on Investments | (11) | (40) | (22) |
| Other-Than-Temporary Impairment Losses on Investments Recognized in Other Comprehensive Income | (5) | (1) | |
| Other Realized Investment Gains, Net | 413 | 238 | 311 |
| Total Realized Investment Gains, Net | 402 | 193 | 288 |
| TOTAL REVENUES | 13,947 | 13,595 | 13,585 |
| Losses and Expenses | |||
| Losses and Loss Expenses | 6,520 | 7,507 | 7,407 |
| Amortization of Deferred Policy Acquisition Costs | 2,454 | 2,411 | 2,330 |
| Other Insurance Operating Costs and Expenses | 1,411 | 1,362 | 1,312 |
| Investment Expenses | 49 | 38 | 39 |
| Other Expenses | 22 | 11 | 11 |
| Corporate Expenses | 254 | 270 | 287 |
| TOTAL LOSSES AND EXPENSES | 10,710 | 11,599 | 11,386 |
| INCOME BEFORE FEDERAL AND FOREIGN INCOME TAX | 3,237 | 1,996 | 2,199 |
| Federal and Foreign Income Tax | 892 | 451 | 521 |
| NET INCOME | 2,345 | 1,545 | 1,678 |
| Net Income Per Share | |||
| Basic | 9.08 | 5.73 | 5.80 |
| Diluted | 9.04 | 5.69 | 5.76 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHUBB LTD | |||
Ticker: CB Fiscal Year: 2013 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 28, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenues | |||
| Net premiums written | $ 17,025 | 16,075 | 15,372 |
| (Increase) decrease in unearned premiums | (412) | (398) | 15 |
| Net premiums earned | 16,613 | 15,677 | 15,387 |
| Net investment income | 2,144 | 2,181 | 2,242 |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (22) | (38) | (65) |
| Portion of OTTI losses recognized in other comprehensive income (OCI) | 0 | 1 | 15 |
| Net OTTI losses recognized in income | (22) | (37) | (50) |
| Net realized gains (losses) excluding OTTI losses | 526 | 115 | (745) |
| Total net realized gains (losses) | 504 | 78 | (795) |
| Total revenues | 19,261 | 17,936 | 16,834 |
| Expenses | |||
| Losses and loss expenses | 9,348 | 9,653 | 9,520 |
| Policy benefits | 515 | 521 | 401 |
| Policy acquisition costs | 2,659 | 2,446 | 2,472 |
| Administrative expenses | 2,211 | 2,096 | 2,068 |
| Interest expense | 275 | 250 | 250 |
| Other (income) expense | 15 | (6) | 81 |
| Total expenses | 15,023 | 14,960 | 14,792 |
| Income before income tax | 4,238 | 2,976 | 2,042 |
| Income tax expense | 480 | 270 | 502 |
| Net income | 3,758 | 2,706 | 1,540 |
| Other comprehensive income (loss) | |||
| Unrealized appreciation (depreciation) | (1,762) | 1,350 | 646 |
| Reclassification adjustment for net realized gains included in net income | (105) | (234) | (173) |
| Other comprehensive income (loss)after reclassification for net realized gains included in net income | (1,867) | 1,116 | 473 |
| Change in: | |||
| Cumulative translation adjustment | (339) | 116 | (5) |
| Pension liability | 0 | (35) | 8 |
| Other comprehensive income (loss), before income tax | (2,206) | 1,197 | 476 |
| Income tax benefit (expense) related to OCI items | 471 | (221) | (159) |
| Other comprehensive income (loss) | (1,735) | 976 | 317 |
| Comprehensive income | 2,023 | 3,682 | 1,857 |
| Earnings per share | |||
| Basic earnings per share | 11.02 | 7.96 | 4.55 |
| Diluted earnings per share | 10.92 | 7.89 | 4.52 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2013 | |
| 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 |