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: 2021 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues | |||
| Net premiums written | $ 37,868 | 33,820 | 32,275 |
| Increase in unearned premiums | (1,513) | (703) | (985) |
| Net premiums earned | 36,355 | 33,117 | 31,290 |
| Net investment income | 3,456 | 3,375 | 3,426 |
| Net realized gains (losses): | |||
| Other-than-temporary impairment (OTTI) losses gross | (90) | ||
| Portion of OTTI losses recognized in other comprehensive income (OCI) | 0 | 32 | |
| Net OTTI losses recognized in income | (58) | ||
| Net realized gains (losses) excluding OTTI losses | 1,152 | (498) | (472) |
| Net realized gains (losses) (includes $3, $(281), and $(31) reclassified from AOCI) | 1,152 | (498) | (530) |
| Total revenues | 40,963 | 35,994 | 34,186 |
| Expenses | |||
| Losses and loss expenses | 21,980 | 21,710 | 18,730 |
| Policy benefits | 699 | 784 | 740 |
| Policy acquisition costs | 6,918 | 6,547 | 6,153 |
| Administrative expenses | 3,136 | 2,979 | 3,030 |
| Interest expense | 492 | 516 | 552 |
| Other (income) expense | (2,365) | (994) | (596) |
| Amortization of purchased intangibles | 287 | 290 | 305 |
| Chubb integration expenses | 0 | 0 | 23 |
| Total expenses | 31,147 | 31,832 | 28,937 |
| Income before income tax | 9,816 | 4,162 | 5,249 |
| Income tax expense (includes benefit of $(6), $(36), and nil on unrealized gains and losses reclassified from AOCI) | 1,277 | 629 | 795 |
| Net income | 8,539 | 3,533 | 4,454 |
| Other comprehensive income (loss) | |||
| Unrealized appreciation (depreciation) | (2,935) | 2,311 | 3,704 |
| Reclassification adjustment for net realized (gains) losses included in net income | (3) | 281 | 31 |
| Other comprehensive income (loss) after reclassification for net realized gains included in net income | (2,938) | 2,592 | 3,735 |
| Change in: | |||
| Cumulative foreign currency translation adjustment | (530) | 306 | 13 |
| Postretirement benefit liability adjustment | 522 | (232) | (76) |
| Other comprehensive income (loss), before income tax | (2,946) | 2,666 | 3,672 |
| Income tax (expense) benefit related to OCI items | 427 | (416) | (605) |
| Other comprehensive income (loss) | (2,519) | 2,250 | 3,067 |
| Comprehensive income | 6,020 | 5,783 | 7,521 |
| Earnings per share | |||
| Basic earnings per share | 19.41 | 7.82 | 9.77 |
| Diluted earnings per share | 19.27 | 7.79 | 9.71 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2021 | |
| 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 |