Chubb Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	9,675	9,272	9,028	5,246	8,525	3,533
Depreciation & Amortization	306	323	310	285	287	290
Gain (Loss) on Sale of Investments	-983	-711	266	1,660	-366	73
Change in Accounts Receivable	-363	-1,278	-1,072	-696	-984	-114
Reinsurance Recoverable	-414	-30	-498	-1,737	-1,949	-336
Change in Accounts Payable	-82	342	-735	-68	-2,423	-98
Change in Unearned Revenue	2,045	1,805	1,377	1,435	1,252	846
Change in Income Taxes	86	69	128	-149	48	46
Change in Insurance Reserves / Liabilities	5,224	6,303	4,163	5,038	6,800	5,435
Other Operating Activities	499	2,483	1,632	641	2,818	1,218
Operating Cash Flow	13,321	16,182	12,632	11,258	11,151	9,785
Operating Cash Flow Growth	-10.01%	28.10%	12.21%	0.96%	13.96%	54.29%
Cash Acquisitions	-289	-538	-34	-5,166	-1,184	-
Investment in Securities	-11,372	-13,304	-7,719	-861	-6,340	-7,845
Other Investing Activities	235	-108	122	373	865	324
Investing Cash Flow	-11,402	-13,923	-7,648	-5,654	-6,659	-7,521
Short-Term Debt Issued	-	4,505	4,984	4,510	1,858	2,354
Long-Term Debt Issued	-	2,408	-	-	1,576	988
Total Debt Issued	7,449	6,913	4,984	4,510	3,434	3,342
Total Debt Repaid	-6,299	-6,259	-5,203	-5,508	-1,858	-3,655
Net Debt Issued (Repaid)	1,150	654	-219	-998	1,576	-313
Issuance of Common Stock	264	356	212	264	300	145
Repurchases of Common Stock	-2,973	-1,801	-2,411	-2,894	-4,861	-610
Common Dividends Paid	-1,488	-1,436	-1,394	-1,375	-1,401	-1,388
Other Financing Activities	489	-269	-864	-106	-81	-
Financing Cash Flow	-2,308	-2,181	-4,489	-5,142	-4,411	-2,082
Foreign Exchange Rate Adjustments	165	-150	-1	-146	-106	8
Net Cash Flow	-224	-72	494	316	-25	190
Cash Interest Paid	638	599	553	552	492	524
Cash Income Tax Paid	2,075	1,662	1,465	1,242	1,298	902
Levered Free Cash Flow	12,574	12,632	11,059	-2,213	10,947	8,659
Unlevered Free Cash Flow	13,041	13,095	11,479	-1,856	11,254	8,982
Change in Working Capital	4,949	5,782	2,263	3,427	2,322	5,690

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