Below are the financial statements of Chubb, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in billions of USD | 2024 | 2023 |
---|---|---|
Investments | — | — |
Short-term investments, at fair value (amortized cost - $5,143 and $4,551) (includes variable interest entities (VIE) balances of $57 and $217) | 5.14b | 4.55b |
Fixed maturities available-for-sale, at fair value, net of valuation allowance - $70 and $156 (amortized cost - $115,083 and $111,128) | 110.36b | 106.57b |
Private debt held-for-investment, at amortized cost, net of valuation allowance - $4 and $4 | 2.63b | 2.55b |
Equity securities, at fair value (includes VIE balances of $1,289 and $1,078) | 9.15b | 3.46b |
Private equities (includes VIE balances of $22 and $21) | 14.77b | 14.08b |
Other investments (includes VIE balances of $4,538 and $3,773) | 8.6b | 5.53b |
Total investments | 150.65b | 136.74b |
Assets | — | — |
Cash, including restricted cash $261 and $172 (includes VIE balances of $114 and $117) | 2.55b | 2.62b |
Securities lending collateral | 1.45b | 1.3b |
Accrued investment income | 1.16b | 1.09b |
Insurance and reinsurance balances receivable, net of valuation allowance - $59 and $53 | 14.43b | 13.38b |
Reinsurance recoverable on losses and loss expenses, net of valuation allowance - $310 and $367 | 19.78b | 19.95b |
Reinsurance recoverable on policy benefits | 0.29b | 0.28b |
Deferred policy acquisition costs | 8.36b | 7.15b |
Value of business acquired | 3.22b | 3.67b |
Goodwill | 19.58b | 19.69b |
Other intangible assets | 6.38b | 6.78b |
Deferred tax assets | 1.6b | 1.74b |
Prepaid reinsurance premiums | 3.38b | 3.22b |
Separate account assets | 6.23b | 5.57b |
Other assets (includes VIE balances of $26 and $33) | 7.5b | 7.51b |
Total assets | 246.55b | 230.68b |
Liabilities | — | — |
Unpaid losses and loss expenses | 84b | 80.12b |
Unearned premiums | 23.5b | 22.05b |
Future policy benefits | 16.12b | 13.89b |
Market risk benefits | 0.61b | 0.77b |
Policyholders' account balances | 8.02b | 7.46b |
Separate account liabilities | 6.23b | 5.57b |
Insurance and reinsurance balances payable | 8.12b | 8.3b |
Securities lending payable | 1.45b | 1.3b |
Accounts payable, accrued expenses, and other liabilities (includes VIE balances of $183 and $18) | 10.19b | 8.33b |
Deferred tax liabilities | 1.58b | 1.56b |
Repurchase agreements (includes VIE balances of $815 and $1,009) | 2.73b | 2.83b |
Short-term debt | 0.8b | 1.46b |
Long-term debt | 14.38b | 13.04b |
Hybrid debt | 0.42b | 0.31b |
Total liabilities | 178.15b | 166.99b |
Shareholders’ equity | — | — |
Common shares | 0.24b | 0.24b |
Common shares in treasury | -3.52b | -4.4b |
Additional paid-in capital | 14.39b | 15.67b |
Retained earnings | 61.56b | 54.81b |
Accumulated other comprehensive income (loss) (AOCI) | -8.64b | -6.81b |
Total Chubb shareholders' equity | 64.02b | 59.51b |
Noncontrolling interests (includes VIE balances of $3,459 and $2,705) | 4.37b | 4.18b |
Total shareholders’ equity | 68.39b | 63.69b |
Total liabilities and shareholders’ equity | 246.55b | 230.68b |
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