Chubb Ltd
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
CB$369.11+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended | ||
|---|---|---|
| September 30 | ||
| (in millions of U.S. dollars) | 2024 | 2023 |
| Cash flows from operating activities | ||
| Net income | $7,000 | $5,725 |
| Adjustments to reconcile net income to net cash flows from operating activities | ||
| Net realized (gains) losses | (201) | 484 |
| Market risk benefits (gains) losses | 238 | 154 |
| Amortization of premiums (discounts) on fixed maturities | (271) | (80) |
| Amortization of purchased intangibles | 241 | 226 |
| Equity in net income of partially-owned entities | (621) | (610) |
| Deferred income taxes | 150 | 39 |
| Unpaid losses and loss expenses | 4,242 | 3,270 |
| Unearned premiums | 2,563 | 2,085 |
| Future policy benefits | 1,399 | 570 |
| Insurance and reinsurance balances payable | 433 | 23 |
| Accounts payable, accrued expenses, and other liabilities | (175) | (392) |
| Income taxes | (129) | (6) |
| Insurance and reinsurance balances receivable | (2,468) | (1,618) |
| Reinsurance recoverable | 312 | (388) |
| Deferred policy acquisition costs | (1,142) | (832) |
| Net sales (purchases) of investments by consolidated investment products | (124) | — |
| Other | 170 | 796 |
| Net cash flows from operating activities | 11,617 | 9,446 |
| Cash flows from investing activities | ||
| Purchases of fixed maturities available-for-sale | (26,192) | (21,613) |
| Purchases of fixed maturities held-to-maturity | — | (208) |
| Purchases of equity securities | (2,608) | (968) |
| Sales of fixed maturities available-for-sale | 8,829 | 11,293 |
| Sales of equity securities | 1,956 | 531 |
| Maturities and redemptions of fixed maturities available-for-sale | 7,735 | 5,107 |
| Maturities and redemptions of fixed maturities held-to-maturity | — | 708 |
| Net change in short-term investments | 158 | 484 |
| Net derivative instruments settlements | (122) | (56) |
| Private equity contributions | (733) | (1,313) |
| Private equity distributions | 1,044 | 938 |
| Acquisition of subsidiaries (net of cash acquired) | (538) | 216 |
| Other | (978) | (553) |
| Net cash flows used for investing activities | (11,449) | (5,434) |
| Cash flows from financing activities | ||
| Dividends paid on Common Shares | (1,069) | (1,044) |
| Common Shares repurchased | (1,351) | (1,848) |
| Proceeds from issuance of long-term debt | 2,297 | — |
| Proceeds from issuance of repurchase agreements | 3,950 | 3,778 |
| Repayment of long-term debt | (700) | (475) |
| Repayment of repurchase agreements | (3,838) | (3,832) |
| Proceeds from share-based compensation plans | 302 | 140 |
| Policyholder contract deposits | 818 | 415 |
| Policyholder contract withdrawals | (534) | (269) |
| Third-party capital invested into consolidated investment products | 1,409 | — |
| Third-party capital distributed by consolidated investment products | (1,118) | — |
| Other | (228) | (190) |
| Net cash flows used for financing activities | (62) | (3,325) |
| Effect of foreign currency rate changes on cash and restricted cash | (49) | (36) |
| Net increase in cash and restricted cash | 57 | 651 |
| Cash and restricted cash – beginning of period | 2,621 | 2,127 |
| Cash and restricted cash – end of period | $2,678 | $2,778 |
| Supplemental cash flow information | ||
| Taxes paid | $1,307 | $1,101 |
| Interest paid | $415 | $345 |
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