Chubb Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	9,272	9,028	5,246	8,525
Depreciation & Amortization	-	323	310	285	287
Gain (Loss) on Sale of Investments	-	-711	266	1,660	-366
Change in Accounts Receivable	-	-1,278	-1,072	-696	-984
Reinsurance Recoverable	-	-30	-498	-1,737	-1,949
Change in Accounts Payable	-	342	-735	-68	-2,423
Change in Unearned Revenue	-	1,805	1,377	1,435	1,252
Change in Income Taxes	-	69	128	-149	48
Change in Insurance Reserves / Liabilities	-	6,303	4,163	5,038	6,800
Other Operating Activities	-	2,483	1,632	641	2,818
Operating Cash Flow	-	16,182	12,632	11,258	11,151
Operating Cash Flow Growth	-	28.10%	12.21%	0.96%	13.96%
Cash Acquisitions	-	-538	-34	-5,166	-1,184
Investment in Securities	-	-13,304	-7,719	-861	-6,340
Other Investing Activities	-	-108	122	373	865
Investing Cash Flow	-	-13,923	-7,648	-5,654	-6,659
Short-Term Debt Issued	-	4,505	4,984	4,510	1,858
Long-Term Debt Issued	-	2,408	-	-	1,576
Total Debt Issued	-	6,913	4,984	4,510	3,434
Total Debt Repaid	-	-6,259	-5,203	-5,508	-1,858
Net Debt Issued (Repaid)	-	654	-219	-998	1,576
Issuance of Common Stock	-	356	212	264	300
Repurchases of Common Stock	-	-1,801	-2,411	-2,894	-4,861
Common Dividends Paid	-	-1,436	-1,394	-1,375	-1,401
Other Financing Activities	-	-269	-864	-106	-81
Financing Cash Flow	-	-2,181	-4,489	-5,142	-4,411
Foreign Exchange Rate Adjustments	-	-150	-1	-146	-106
Net Cash Flow	-	-72	494	316	-25
Cash Interest Paid	-	599	553	552	492
Cash Income Tax Paid	-	1,662	1,465	1,242	1,298
Levered Free Cash Flow	-	12,632	11,059	-2,213	10,947
Unlevered Free Cash Flow	-	13,095	11,479	-1,856	11,254
Change in Working Capital	-	5,782	2,263	3,427	2,322

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.