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: 2022 | |||
Consolidated Statements Of Operations and Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues | |||
| Net premiums written | $ 41,755 | 37,868 | 33,820 |
| Increase in unearned premiums | (1,366) | (1,513) | (703) |
| Net premiums earned | 40,389 | 36,355 | 33,117 |
| Net investment income | 3,742 | 3,456 | 3,375 |
| Net realized gains (losses) | (965) | 1,152 | (498) |
| Total revenues | 43,166 | 40,963 | 35,994 |
| Expenses | |||
| Losses and loss expenses | 23,342 | 21,980 | 21,710 |
| Policy benefits | 1,492 | 699 | 784 |
| Policy acquisition costs | 7,392 | 6,918 | 6,547 |
| Administrative expenses | 3,395 | 3,136 | 2,979 |
| Interest expense | 570 | 492 | 516 |
| Other (income) expense | 74 | (2,365) | (994) |
| Amortization of purchased intangibles | 285 | 287 | 290 |
| Cigna integration expenses | 48 | 0 | 0 |
| Total expenses | 36,598 | 31,147 | 31,832 |
| Income before income tax | 6,568 | 9,816 | 4,162 |
| Income tax expense | 1,255 | 1,277 | 629 |
| Net income | 5,313 | 8,539 | 3,533 |
| Other comprehensive income (loss): | |||
| Change in unrealized appreciation (depreciation) | (10,578) | (2,938) | 2,592 |
| Change in cumulative foreign currency translation adjustment | (986) | (530) | 306 |
| Change in other, including postretirement benefit liability adjustment | (100) | 522 | (232) |
| Other comprehensive income (loss), before income tax | (11,664) | (2,946) | 2,666 |
| Income tax (expense) benefit related to OCI items | 1,121 | 427 | (416) |
| Other comprehensive income (loss) | (10,543) | (2,519) | 2,250 |
| Comprehensive income (loss) | (5,230) | 6,020 | 5,783 |
| Earnings per share | |||
| Basic earnings per share | 12.66 | 19.41 | 7.82 |
| Diluted earnings per share | 12.55 | 19.27 | 7.79 |
| External Links | |
| CHUBB LTD (CB) Fiscal Year 2022 | |
| 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 |