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 CORP | |||
Ticker: CB Fiscal Year: 2014 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Net premiums written | $ 17,799 | 17,025 | 16,075 |
| Increase in unearned premiums | (373) | (412) | (398) |
| Net premiums earned | 17,426 | 16,613 | 15,677 |
| Net investment income | 2,252 | 2,144 | 2,181 |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (75) | (22) | (38) |
| Portion of OTTI losses recognized in other comprehensive income (OCI) | 7 | 1 | |
| Net OTTI losses recognized in income | (68) | (22) | (37) |
| Net realized gains (losses) excluding OTTI losses | (439) | 526 | 115 |
| Total net realized gains (losses) | (507) | 504 | 78 |
| Total revenues | 19,171 | 19,261 | 17,936 |
| Expenses | |||
| Losses and loss expenses | 9,649 | 9,348 | 9,653 |
| Policy benefits | 517 | 515 | 521 |
| Policy acquisition costs | 3,075 | 2,659 | 2,446 |
| Administrative expenses | 2,245 | 2,211 | 2,096 |
| Interest expense | 280 | 275 | 250 |
| Other (income) expense | (82) | 15 | (6) |
| Total expenses | 15,684 | 15,023 | 14,960 |
| Income before income tax | 3,487 | 4,238 | 2,976 |
| Income tax expense | 634 | 480 | 270 |
| Net income | 2,853 | 3,758 | 2,706 |
| Other comprehensive income (loss) | |||
| Unrealized appreciation (depreciation) | 820 | (1,762) | 1,350 |
| Reclassification adjustment for net realized (gains) losses included in net income | 24 | (105) | (234) |
| Other comprehensive income (loss)after reclassification for net realized gains included in net income | 844 | (1,867) | 1,116 |
| Change in: | |||
| Cumulative translation adjustment | (632) | (339) | 116 |
| Pension liability | 2 | (35) | |
| Other comprehensive income (loss), before income tax | 214 | (2,206) | 1,197 |
| Income tax benefit (expense) related to OCI items | (175) | 471 | (221) |
| Other comprehensive income (loss) | 39 | (1,735) | 976 |
| Comprehensive income | 2,892 | 2,023 | 3,682 |
| Earnings per share | |||
| Basic earnings per share | 8.50 | 11.02 | 7.96 |
| Diluted earnings per share | 8.42 | 10.92 | 7.89 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHUBB CORP | |||
Ticker: CB Fiscal Year: 2014 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Premiums Earned | $ 12,328 | 12,066 | 11,838 |
| Investment Income | 1,394 | 1,465 | 1,556 |
| Other Revenues | 7 | 14 | 8 |
| Realized Investment Gains (Losses), Net | |||
| Total Other-Than-Temporary Impairment Losses on Investments | (7) | (11) | (40) |
| Other-Than-Temporary Impairment Losses on Investments Recognized in Other Comprehensive Income | (5) | ||
| Other Realized Investment Gains, Net | 376 | 413 | 238 |
| Total Realized Investment Gains, Net | 369 | 402 | 193 |
| TOTAL REVENUES | 14,098 | 13,947 | 13,595 |
| Losses and Expenses | |||
| Losses and Loss Expenses | 6,985 | 6,520 | 7,507 |
| Amortization of Deferred Policy Acquisition Costs | 2,548 | 2,454 | 2,411 |
| Other Insurance Operating Costs and Expenses | 1,397 | 1,411 | 1,362 |
| Investment Expenses | 42 | 49 | 38 |
| Other Expenses | 16 | 22 | 11 |
| Corporate Expenses | 249 | 254 | 270 |
| TOTAL LOSSES AND EXPENSES | 11,237 | 10,710 | 11,599 |
| INCOME BEFORE FEDERAL AND FOREIGN INCOME TAX | 2,861 | 3,237 | 1,996 |
| Federal and Foreign Income Tax | 761 | 892 | 451 |
| NET INCOME | 2,100 | 2,345 | 1,545 |
| Net Income Per Share | |||
| Basic | 8.65 | 9.08 | 5.73 |
| Diluted | 8.62 | 9.04 | 5.69 |
| External Links | |
| CHUBB CORP (CB) Fiscal Year 2014 | |
| 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 |