filings.toolsChubb 10-Q 2024-06-30
Filed 2024-07-26. 1 sections, 502K characters. Original on sec.gov · Markdown · JSON
Full document
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
| ☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Quarterly Period Ended June 30, 2024
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Transition Period from to
Commission File No. 1-11778
CHUBB LIMITED
(Exact name of registrant as specified in its charter)
| Switzerland | 98-0091805 | ||||
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
Baerengasse 32Zurich, Switzerland CH-8001 (Address of principal executive offices) (Zip Code)
+41 (0)43 456 76 00
(Registrant’s telephone number, including area code)
| Securities registered pursuant to Section 12(b) of the Act: | |||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | |||||||||
| Common Shares, par value CHF 0.50 per share | CB | New York Stock Exchange | |||||||||
| Guarantee of Chubb INA Holdings LLC 0.30% Senior Notes due 2024 | CB/24A | New York Stock Exchange | |||||||||
| Guarantee of Chubb INA Holdings LLC 0.875% Senior Notes due 2027 | CB/27 | New York Stock Exchange | |||||||||
| Guarantee of Chubb INA Holdings LLC 1.55% Senior Notes due 2028 | CB/28 | New York Stock Exchange | |||||||||
| Guarantee of Chubb INA Holdings LLC 0.875% Senior Notes due 2029 | CB/29A | New York Stock Exchange | |||||||||
| Guarantee of Chubb INA Holdings LLC 1.40% Senior Notes due 2031 | CB/31 | New York Stock Exchange | |||||||||
| Guarantee of Chubb INA Holdings LLC 2.50% Senior Notes due 2038 | CB/38A | New York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes ☑ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes ☑ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☑ | Accelerated filer | ☐ | ||||||||||||||
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ | ||||||||||||||
| Emerging growth company | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes ☐ No ☑
The number of registrant’s Common Shares (CHF 0.50 par value) outstanding as of July 19, 2024 was 403,934,214.
CHUBB LIMITED
INDEX TO FORM 10-Q
| Part I. | FINANCIAL INFORMATION | Page | |||||||||
| Item 1. | Financial Statements: | ||||||||||
| Consolidated Balance Sheets (Unaudited) June 30, 2024 and December 31, 2023 | 3 | ||||||||||
| Consolidated Statements of Operations and Comprehensive Income (Unaudited) Three and Six Months Ended June 30, 2024 and 2023 | 4 | ||||||||||
| Consolidated Statements of Shareholders' Equity (Unaudited) Three and Six Months Ended June 30, 2024 and 2023 | 5 | ||||||||||
| Consolidated Statements of Cash Flows (Unaudited) Six Months Ended June 30, 2024 and 2023 | 6 | ||||||||||
| Notes to Consolidated Financial Statements (Unaudited) | |||||||||||
| Note 1. | General and significant accounting policies | 7 | |||||||||
| Note 2. | Acquisitions | 8 | |||||||||
| Note 3. | Investments | 10 | |||||||||
| Note 4. | Fair value measurements | 15 | |||||||||
| Note 5. | Reinsurance | 22 | |||||||||
| Note 6. | Deferred policy acquisition costs | 23 | |||||||||
| Note 7. | Goodwill | 24 | |||||||||
| Note 8. | Unpaid losses and loss expenses | 24 | |||||||||
| Note 9. | Future policy benefits | 26 | |||||||||
| Note 10. | [Policyholders' account balances, Separate accounts, and Unearne |
Showing the first 8K of 502K characters. Open the full section