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: 2018 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues | |||
| Net premiums written | $ 30,579 | 29,244 | 28,145 |
| (Increase) decrease in unearned premiums | (515) | (210) | 604 |
| Net premiums earned | 30,064 | 29,034 | 28,749 |
| Net investment income | 3,305 | 3,125 | 2,865 |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (52) | (46) | (111) |
| Portion of OTTI losses recognized in other comprehensive income (OCI) | 3 | 1 | 8 |
| Net OTTI losses recognized in income | 49 | ||
| Net OTTI losses recognized in income | 45 | 103 | |
| Net realized, Gain (Loss), Excluding Other-than-temporary Impairment Loss | (603) | ||
| Net realized gains (losses) excluding OTTI losses | 129 | (42) | |
| Total net realized gains (losses) (includes ($302) reclassified from AOCI) | (652) | ||
| Net Realized Investment Gains (Losses) (includes $(15), and $(119) reclassified from AOCI) | 84 | (145) | |
| Total revenues | 32,717 | 32,243 | 31,469 |
| Expenses | |||
| Losses and loss expenses | 18,067 | 18,454 | 16,052 |
| Policy benefits | 590 | 676 | 588 |
| Policy Acquisition Costs | 5,912 | 5,781 | 5,904 |
| Administrative expenses | 2,886 | 2,833 | 3,081 |
| Interest expense | 641 | 607 | 605 |
| Other (income) expense | (434) | (400) | (222) |
| Amortization of Purchased Intangibles | 339 | 260 | 19 |
| Chubb integration expenses | 59 | 310 | 492 |
| Total expenses | 28,060 | 28,521 | 26,519 |
| Income before income tax | 4,657 | 3,722 | 4,950 |
| Income tax expense (benefit) (includes $(41), $(13), and $28 on reclassified unrealized gains and losses) | 695 | (139) | 815 |
| Net income | 3,962 | 3,861 | 4,135 |
| Other comprehensive income (loss) | |||
| Unrealized appreciation (depreciation) | (2,298) | 618 | (35) |
| Reclassification adjustment for net realized (gains) losses included in net income | 302 | 15 | 119 |
| Other comprehensive income (loss) after reclassification for net realized gains included in net income | (1,996) | 633 | 84 |
| Change in: | |||
| Cumulative foreign currency translation adjustment | (802) | 471 | (154) |
| Postretirement benefit liability adjustment | (321) | (16) | 545 |
| Other comprehensive income (loss), before income tax | (3,119) | 1,088 | 475 |
| Income tax (expense) benefit related to OCI items | 399 | (231) | (54) |
| Other comprehensive income (loss) | (2,720) | 857 | 421 |
| Comprehensive income | 1,242 | 4,718 | 4,556 |
| Earnings per share | |||
| Basic earnings per share | 8.55 | 8.26 | 8.94 |
| Diluted earnings per share | 8.49 | 8.19 | 8.87 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2018 | |
| 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 |