Chubb Ltd

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

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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Contents

Consolidated Balance Sheets at December 31, 2024 and 2023

(in millions of U.S. dollars, except share and per share data) · December 31, 2024 · December 31, 2023
Assets
Investments
	Short-term investments, at fair value (amortized cost – $5,143 and $4,551) (includes variable interest entities (VIE) balances of $57 and $217)	$5,142			$4,551
	Fixed maturities available-for-sale, at fair value, net of valuation allowance – $70 and $156 (amortized cost – $115,083 and $111,128)	110,363			106,571
	Private debt held-for-investment, at amortized cost, net of valuation allowance – $4 and $4	2,628			2,553
	Equity securities, at fair value (includes VIE balances of $1,289 and $1,078)	9,151			3,455
	Private equities (includes VIE balances of $22 and $21)	14,769			14,078
	Other investments (includes VIE balances of $4,538 and $3,773)	8,597			5,527
		Total investments	150,650			136,735
Cash, including restricted cash $261 and $172 (includes VIE balances of $114 and $117)	2,549			2,621
Securities lending collateral	1,445			1,299
Accrued investment income	1,160			1,086
Insurance and reinsurance balances receivable, net of valuation allowance – $59 and $53	14,426			13,379
Reinsurance recoverable on losses and loss expenses, net of valuation allowance – $310 and $367	19,777			19,952
Reinsurance recoverable on policy benefits	289			280
Deferred policy acquisition costs	8,358			7,152
Value of business acquired	3,223			3,674
Goodwill	19,579			19,686
Other intangible assets	6,377			6,775
Deferred tax assets	1,603			1,741
Prepaid reinsurance premiums	3,378			3,221
Separate account assets	6,231			5,573
Other assets (includes VIE balances of $26 and $33)	7,503			7,508
Total assets	$246,548			$230,682
Liabilities
Unpaid losses and loss expenses	$84,004			$80,122
Unearned premiums	23,504			22,051
Future policy benefits	16,121			13,888
Market risk benefits	607			771
Policyholders' account balances	8,016			7,462
Separate account liabilities	6,231			5,573
Insurance and reinsurance balances payable	8,121			8,302
Securities lending payable	1,445			1,299
Accounts payable, accrued expenses, and other liabilities (includes VIE balances of $183 and $18)	10,192			8,332
Deferred tax liabilities	1,584			1,555
Repurchase agreements (includes VIE balances of $815 and $1,009)	2,731			2,833
Short-term debt	800			1,460
Long-term debt	14,379			13,035
Hybrid debt	419			308
Total liabilities	178,154			166,991
Commitments and contingencies (refer to Note 14)
Shareholders’ equity
Common Shares (CHF 0.50 par value; 419,625,986 and 431,451,586 shares issued; 400,703,663 and 405,269,637 shares outstanding)	235			241
Common Shares in treasury (18,922,323 and 26,181,949 shares)	(3,524)			(4,400)
Additional paid-in capital	14,393			15,665
Retained earnings	61,561			54,810
Accumulated other comprehensive income (loss) (AOCI)	(8,644)			(6,809)
Total Chubb shareholders' equity	64,021			59,507
Noncontrolling interests (includes VIE balances of $3,459 and $2,705)	4,373			4,184
Total shareholders’ equity	68,394			63,691
Total liabilities and shareholders’ equity	$246,548			$230,682

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.