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: 2020 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues | |||
| Net premiums written | $ 33,820 | 32,275 | 30,579 |
| Increase in unearned premiums | (703) | (985) | (515) |
| Net premiums earned | 33,117 | 31,290 | 30,064 |
| Net investment income | 3,375 | 3,426 | 3,305 |
| Realized Investment Gains (Losses) | (498) | (530) | (652) |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (90) | (52) | |
| Portion of OTTI losses recognized in other comprehensive income (OCI) | 0 | 32 | 3 |
| Net OTTI losses recognized in income | (58) | (49) | |
| Net realized, Gain (Loss), Excluding Other-than-temporary Impairment Loss | (498) | (472) | (603) |
| Total revenues | 35,994 | 34,186 | 32,717 |
| Expenses | |||
| Losses and loss expenses | 21,710 | 18,730 | 18,067 |
| Policy benefits | 784 | 740 | 590 |
| Policy Acquisition Costs | 6,547 | 6,153 | 5,912 |
| Administrative expenses | 2,979 | 3,030 | 2,886 |
| Interest expense | 516 | 552 | 641 |
| Other (income) expense | (994) | (596) | (434) |
| Amortization of Purchased Intangibles | 290 | 305 | 339 |
| Chubb integration expenses | 0 | 23 | 59 |
| Total expenses | 31,832 | 28,937 | 28,060 |
| Income before income tax | 4,162 | 5,249 | 4,657 |
| Income tax expense (includes benefit of $(36), nil, and $(41) on unrealized gains and losses reclassified from AOCI) | 629 | 795 | 695 |
| Net income | 3,533 | 4,454 | 3,962 |
| Other comprehensive income (loss) | |||
| Unrealized appreciation (depreciation) | 2,311 | 3,704 | (2,298) |
| Reclassification adjustment for net realized (gains) losses included in net income | 281 | 31 | 302 |
| Other comprehensive income (loss) after reclassification for net realized gains included in net income | 2,592 | 3,735 | (1,996) |
| Change in: | |||
| Cumulative foreign currency translation adjustment | 306 | 13 | (802) |
| Postretirement benefit liability adjustment | (232) | (76) | (321) |
| Other comprehensive income (loss), before income tax | 2,666 | 3,672 | (3,119) |
| Income tax (expense) benefit related to OCI items | (416) | (605) | 399 |
| Other comprehensive income (loss) | 2,250 | 3,067 | (2,720) |
| Comprehensive income | 5,783 | 7,521 | 1,242 |
| Earnings per share | |||
| Basic earnings per share | 7.82 | 9.77 | 8.55 |
| Diluted earnings per share | 7.79 | 9.71 | 8.49 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2020 | |
| 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 |