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: 2017 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues | |||
| Net premiums written | $ 29,244 | 28,145 | 17,713 |
| (Increase) decrease in unearned premiums | (210) | 604 | (500) |
| Net premiums earned | 29,034 | 28,749 | 17,213 |
| Net investment income | 3,125 | 2,865 | 2,194 |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (46) | (111) | (151) |
| Portion of OTTI losses recognized in other comprehensive income (OCI) | 1 | 8 | 39 |
| Net OTTI losses recognized in income | (45) | (103) | (112) |
| Net realized gains (losses) excluding OTTI losses | 129 | (42) | (308) |
| Total Net realized gains (losses) including OTTI | 84 | (145) | (420) |
| Total revenues | 32,243 | 31,469 | 18,987 |
| Expenses | |||
| Losses and loss expenses | 18,454 | 16,052 | 9,484 |
| Policy benefits | 676 | 588 | 543 |
| Policy Acquisition Costs | 5,781 | 5,904 | 2,941 |
| Administrative expenses | 2,833 | 3,081 | 2,270 |
| Interest expense | 607 | 605 | 300 |
| Other (income) expense | (400) | (222) | (51) |
| Amortization of Purchased Intangibles | 260 | 19 | 171 |
| Chubb integration expenses | 310 | 492 | 33 |
| Total expenses | 28,521 | 26,519 | 15,691 |
| Income before income tax | 3,722 | 4,950 | 3,296 |
| Income tax expense | (139) | 815 | 462 |
| Net income | 3,861 | 4,135 | 2,834 |
| Other comprehensive income (loss) | |||
| Unrealized appreciation (depreciation) | 618 | (35) | (1,280) |
| Reclassification adjustment for net realized (gains) losses included in net income | 15 | 119 | 151 |
| Other comprehensive income (loss) after reclassification for net realized gains included in net income | 633 | 84 | (1,129) |
| Change in: | |||
| Cumulative foreign currency translation adjustment | 471 | (154) | (958) |
| Postretirement benefit liability adjustment | (16) | 545 | 15 |
| Other comprehensive income (loss), before income tax | 1,088 | 475 | (2,072) |
| Income tax (expense) benefit related to OCI items | (231) | (54) | 146 |
| Other comprehensive income (loss) | 857 | 421 | (1,926) |
| Comprehensive income | 4,718 | 4,556 | 908 |
| Earnings per share | |||
| Basic earnings per share | 8.26 | 8.94 | 8.71 |
| Diluted earnings per share | 8.19 | 8.87 | 8.62 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2017 | |
| 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 |