Chubb (CB) 10-K Summary — Year Ended Dec 31, 2023
Chubb Limited filed its annual report for the fiscal year. The report covers financial performance, risk factors, and liquidity.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Chubb Limited filed its annual report for the fiscal year. The report covers financial performance, risk factors, and liquidity.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$49.7B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$9B
Net income reported for the year.
Operating cash flow
$12.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $40.9B | n/a |
| Dec 31, 2022 | $43.1B | +5.5% |
| Dec 31, 2023 | $49.7B | +15.4% |
Business overview
Chubb is an insurance and reinsurance holding company. It offers property and casualty insurance and reinsurance products globally.
Financial performance
Revenue increased compared to the prior year. Net income and operating cash flow were reported at significant levels.
Material risks
Key risks include adverse economic conditions, climate change impacts, and potential downgrades in financial strength ratings.
Liquidity and capital
The company manages liquidity through operating cash flows and access to capital markets.
What to watch
Monitor the effect of climate change on claims costs in future filings.