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: 2019 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 27, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues | |||
| Net premiums written | $ 32,275 | 30,579 | 29,244 |
| Increase in unearned premiums | (985) | (515) | (210) |
| Net premiums earned | 31,290 | 30,064 | 29,034 |
| Net investment income | 3,426 | 3,305 | 3,125 |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (90) | (52) | (46) |
| Portion of OTTI losses recognized in other comprehensive income (OCI) | 32 | 3 | 1 |
| Net OTTI losses recognized in income | (58) | (49) | (45) |
| Net realized, Gain (Loss), Excluding Other-than-temporary Impairment Loss | (472) | (603) | 129 |
| Total net realized gains (losses) (includes $(31), $(302), and $(15) reclassified from AOCI) | (530) | (652) | 84 |
| Total revenues | 34,186 | 32,717 | 32,243 |
| Expenses | |||
| Losses and loss expenses | 18,730 | 18,067 | 18,454 |
| Policy benefits | 740 | 590 | 676 |
| Policy Acquisition Costs | 6,153 | 5,912 | 5,781 |
| Administrative expenses | 3,030 | 2,886 | 2,833 |
| Interest expense | 552 | 641 | 607 |
| Other (income) expense | (596) | (434) | (400) |
| Amortization of Purchased Intangibles | 305 | 339 | 260 |
| Chubb integration expenses | 23 | 59 | 310 |
| Total expenses | 28,937 | 28,060 | 28,521 |
| Income before income tax | 5,249 | 4,657 | 3,722 |
| Income tax expense (benefit) (includes nil, $(41), and $(13) on reclassified unrealized gains and losses) | 795 | 695 | (139) |
| Net income | 4,454 | 3,962 | 3,861 |
| Other comprehensive income (loss) | |||
| Unrealized appreciation (depreciation) | 3,704 | (2,298) | 618 |
| Reclassification adjustment for net realized (gains) losses included in net income | 31 | 302 | 15 |
| Other comprehensive income (loss) after reclassification for net realized gains included in net income | 3,735 | (1,996) | 633 |
| Change in: | |||
| Cumulative foreign currency translation adjustment | 13 | (802) | 471 |
| Postretirement benefit liability adjustment | (76) | (321) | (16) |
| Other comprehensive income (loss), before income tax | 3,672 | (3,119) | 1,088 |
| Income tax (expense) benefit related to OCI items | (605) | 399 | (231) |
| Other comprehensive income (loss) | 3,067 | (2,720) | 857 |
| Comprehensive income | 7,521 | 1,242 | 4,718 |
| Earnings per share | |||
| Basic earnings per share | 9.77 | 8.55 | 8.26 |
| Diluted earnings per share | 9.71 | 8.49 | 8.19 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2019 | |
| 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 |