Chubb Ltd
For the period ended Mar 31, 2025. Filed Apr 28, 2025.
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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.
Mar 31, 2025 · Filed Apr 28, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Postretirement benefits
- Postretirement benefits
The components of net pension and other postretirement benefit costs (benefits) reflected in Net income in the Consolidated statements of operations were as follows:
| Pension Benefit Plans · Other PostretirementBenefit Plans | ||||||
|---|---|---|---|---|---|---|
| 2025 · 2024 · 2025 · 2024 | ||||||
| Three Months Ended March 31 · U.S. Plans · Non-U.S. Plans · U.S. Plans · Non-U.S. Plans | ||||||
| (in millions of U.S. dollars) | ||||||
| Service cost | $— | $2 | $— | $2 | $— | $— |
| Non-service cost (benefit): | ||||||
| Interest cost | 34 | 9 | 33 | 9 | — | 1 |
| Expected return on plan assets | (63) | (13) | (61) | (13) | — | (1) |
| Amortization of net actuarial (gain) loss | (2) | — | — | 1 | (1) | (1) |
| Amortization of prior service cost | — | — | — | — | — | — |
| Settlements | — | — | — | — | — | — |
| Total non-service cost (benefit) | (31) | (4) | (28) | (3) | (1) | (1) |
| Net periodic benefit cost (benefit) | $(31) | $(2) | $(28) | $(1) | $(1) | $(1) |
The line items in which the service cost and non-service cost (benefit) components of net periodic cost (benefit) are included in the Consolidated statements of operations were as follows:
| Pension Benefit Plans | Other Postretirement Benefit Plans | |||
|---|---|---|---|---|
| Three Months Ended March 31 | 2025 | 2024 | 2025 | 2024 |
| (in millions of U.S. dollars) | ||||
| Service cost: | ||||
| Losses and loss expenses | $— | $— | $— | $— |
| Administrative expenses | 2 | 2 | — | — |
| Total service cost | 2 | 2 | — | — |
| Non-service cost (benefit): | ||||
| Losses and loss expenses | (3) | (3) | — | — |
| Administrative expenses | (32) | (28) | (1) | (1) |
| Total non-service cost (benefit) | (35) | (31) | (1) | (1) |
| Net periodic benefit cost (benefit) | $(33) | $(29) | $(1) | $(1) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.