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: 2015 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenues | |||
| Net premiums written | $ 17,713 | 17,799 | 17,025 |
| Increase in unearned premiums | (500) | (373) | (412) |
| Net premiums earned | 17,213 | 17,426 | 16,613 |
| Net investment income | 2,194 | 2,252 | 2,144 |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (151) | (75) | (22) |
| Portion of OTTI losses recognized in other comprehensive income (OCI) | (39) | (7) | |
| Net OTTI losses recognized in income | (112) | (68) | (22) |
| Net realized gains (losses) excluding OTTI losses | (308) | (439) | 526 |
| Total net realized gains (losses) | (420) | (507) | 504 |
| Total revenues | 18,987 | 19,171 | 19,261 |
| Expenses | |||
| Losses and loss expenses | 9,484 | 9,649 | 9,348 |
| Policy benefits | 543 | 517 | 515 |
| Policy acquisition costs | 2,941 | 3,075 | 2,659 |
| Administrative expenses | 2,270 | 2,245 | 2,211 |
| Interest expense | 300 | 280 | 275 |
| Other (income) expense | (51) | (190) | (80) |
| Amortization of Intangible Assets | 171 | 108 | 95 |
| Chubb integration expenses | 33 | 0 | 0 |
| Total expenses | 15,691 | 15,684 | 15,023 |
| Income before income tax | 3,296 | 3,487 | 4,238 |
| Income tax expense | 462 | 634 | 480 |
| Net income | 2,834 | 2,853 | 3,758 |
| Other comprehensive income (loss) | |||
| Unrealized appreciation (depreciation) | (1,280) | 820 | (1,762) |
| Reclassification adjustment for net realized (gains) losses included in net income | 151 | 24 | (105) |
| Other comprehensive income (loss)after reclassification for net realized gains included in net income | (1,129) | 844 | (1,867) |
| Change in: | |||
| Cumulative translation adjustment | (958) | (632) | (339) |
| Pension liability | 15 | 2 | |
| Other comprehensive income (loss), before income tax | (2,072) | 214 | (2,206) |
| Income tax benefit (expense) related to OCI items | 146 | (175) | 471 |
| Other comprehensive income (loss) | (1,926) | 39 | (1,735) |
| Comprehensive income | 908 | 2,892 | 2,023 |
| Earnings per share | |||
| Basic earnings per share | 8.71 | 8.50 | 11.02 |
| Diluted earnings per share | 8.62 | 8.42 | 10.92 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2015 | |
| 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 |