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	10,622	9,640	9,015	5,246	8,539
Depreciation & Amortization	-108	-44	162	474	619
Other Adjustments	-1,826	-570	-627	1,322	-3,659
Changes in Receivables	-1,167	-1,278	-1,072	-696	-984
Changes in Reinsurance Contract Assets	-169	-30	-498	-1,737	-1,953
Changes in Deferred Acquisition Costs	-1,566	-1,429	-1,100	-396	-247
Changes in Accounts Payable	131	-105	-155	446	582
Changes in Accrued Expenses	53	342	-735	-68	536
Changes in Unearned Premiums	2,098	1,805	1,377	1,435	1,857
Changes in Claims Reserves	4,892	6,408	4,318	4,592	6,030
Changes in Income Taxes Payable	-160	69	128	-149	48
Changes in Other Operating Activities	16	1,374	1,819	789	-219
Operating Cash Flow	12,816	16,182	12,632	11,258	11,149
Operating Cash Flow Growth	-20.80%	28.10%	12.21%	0.98%	13.94%
Purchases of Investments	-36,956	-38,092	-30,275	-29,357	-31,983
Proceeds from Sale of Investments	27,713	26,621	23,411	32,597	26,939
Payments for Business Acquisitions	-289	-538	-34	-5,166	-1,184
Other Investing Activities	-1,728	-1,914	-750	-3,728	-431
Investing Cash Flow	-11,260	-13,923	-7,648	-5,654	-6,659
Long-Term Debt Issued	2,424	2,408	-	-	1,576
Long-Term Debt Repaid	-800	-1,437	-475	-1,000	-
Net Long-Term Debt Issued (Repaid)	1,624	971	-475	-1,000	1,576
Issuance of Common Stock	327	356	212	264	300
Repurchase of Common Stock	-3,694	-1,801	-2,411	-2,894	-4,942
Net Common Stock Issued (Repurchased)	-3,367	-1,445	-2,199	-2,630	-4,642
Common Dividends Paid	-1,505	-1,436	-1,394	-1,375	-1,401
Other Financing Activities	1,398	-271	-421	-137	58
Financing Cash Flow	-1,850	-2,181	-4,489	-5,142	-4,409
Effect of Exchange Rate Changes on Cash and Cash Equivalents	215	-150	-1	-146	-106
Net Cash Flow	-79	-72	494	316	-25
Free Cash Flow	12,816	16,182	12,632	11,258	11,149
Free Cash Flow Growth	-20.80%	28.10%	12.21%	0.98%	13.94%
FCF Margin	21.58%	29.02%	25.40%	26.12%	27.28%
Free Cash Flow Per Share	31.92	39.61	30.50	26.58	25.16
Levered Free Cash Flow	12,229	12,225	9,551	5,040	11,324
Unlevered Free Cash Flow	11,539	12,246	10,649	6,501	10,176

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.