Chubb Limited, a Swiss-incorporated holding company headquartered in Zurich, is a leading global insurance and reinsurance provider. Founded in 1985, Chubb offers a wide range of commercial and consumer property and casualty (P&C) insurance, accident and health (A&H) insurance, reinsurance, and life insurance products to a diverse clientele across 54 countries and territories. Chubb's competitive advantage stems from its broad product portfolio, global presence, superior claims service, robust balance sheet, extensive risk management expertise, and commitment to underwriting discipline.

Chubb's key markets include multinational corporations, mid-size and small businesses, affluent and high-net-worth individuals, and insurers seeking reinsurance coverage. The company also competes in China for assets under management (AUM). Chubb's acquisition of Cigna's Asian business in 2022 and a controlling interest in Huatai Insurance Group Co., Ltd. (Huatai Group), a Chinese financial services holding company, in 2023, further diversified its product and customer base.

• Employees: Approximately 40,000 (as of December 31, 2023)
• Geographic Footprint: 54 countries and territories
• Headquarters: Zurich, Switzerland
• Founded: 1985
• Revenue: $45.7 billion (FY2023)
• Total Assets: $231 billion (FY2023)
• Shareholders' Equity: $60 billion (FY2023)
• Key Subsidiaries/Brands: Huatai Insurance Group Co. Ltd (76.5% ownership as of December 31, 2023), Chubb Tempest Re, Chubb Personal Risk Services, Rain and Hail Insurance Service, Inc., Chubb Agribusiness, Combined Insurance

• Chairman & CEO: Evan G. Greenberg (since May 2004)
• CFO: Peter C. Enns (since July 2021)
• Chief Investment Officer: Timothy A. Boroughs (since 2000)
• President & COO: John W. Keogh (since July 2011)
• President, Chubb Life: Bryce L. Johns (since April 2022)
• President, North America Insurance: John J. Lupica (since September 2020)
• Chief Risk Officer: Frances D. O'Brien (since April 2023)
• President, Overseas General Insurance: Juan Luis Ortega (since August 2019)
• General Counsel: Joseph F. Wayland (since July 2013)

• Annual Revenue: $45.7 billion (FY2023)
• Net Income: $9.0 billion (FY2023)
• Total Assets: $231 billion (FY2023)
• Number of Employees: 40,000 (as of December 31, 2023)
• Key Financial Highlights (FY2023):
  • Record net income driven by strong underwriting results and record net investment income.
  • Double-digit premium growth.
  • P&C combined ratio of 86.5%.

Chubb offers a diversified range of insurance and reinsurance products and services, catering to various customer segments globally. Key offerings include:

• Commercial P&C Insurance: Traditional and specialty P&C, A&H, risk management, loss control, and complex claims management services for large, mid-size, and small businesses.
• Personal P&C Insurance: Homeowners, automobile, valuables, umbrella liability, and recreational marine insurance for affluent and high-net-worth individuals.
• A&H Insurance: Personal accident, supplemental health, and life insurance for individuals in select countries.
• Reinsurance: Coverage for insurers managing exposures in various lines of business.
• Life Insurance: Individual and group life, health protection, and savings products.

Chubb also provides specialized insurance products for niche areas such as aviation and energy, and financial lines like D&O and cyber risk.

Chubb operates through six business segments:

• North America Commercial P&C Insurance (40% of FY2023 Consolidated NPE): Serves large, mid-size, and small businesses in the U.S., Canada, and Bermuda.
• North America Personal P&C Insurance (12% of FY2023 Consolidated NPE): Focuses on high-net-worth individuals and families in the U.S. and Canada.
• North America Agricultural Insurance (7% of FY2023 Consolidated NPE): Provides crop and farm-related insurance in the U.S. and Canada.
• Overseas General Insurance (27% of FY2023 Consolidated NPE): Offers commercial and personal lines, including A&H, to customers outside the U.S., Bermuda, and Canada.
• Global Reinsurance (2% of FY2023 Consolidated NPE): Provides reinsurance coverage to primary P&C companies worldwide.
• Life Insurance (12% of FY2023 Consolidated NPE): Offers life and group benefit insurance primarily in Asia and select other regions.

Chubb's long-term business strategy prioritizes sustained growth in book value through a combination of underwriting and investment income. The company focuses on maintaining underwriting discipline, managing risk effectively, and providing superior claims service to deliver value to clients and shareholders. Chubb's growth strategy includes expanding its product offerings, increasing its geographic reach, and pursuing strategic acquisitions, as demonstrated by the acquisitions of Cigna's Asian business and Huatai Group. The company also leverages digital capabilities to enhance its competitive advantage and adapt to the evolving insurance landscape.

Chubb operates in the highly competitive global insurance and reinsurance market, competing with major U.S., Bermuda, European, and other international insurers and reinsurers. The company also faces competition from underwriting syndicates, alternative risk sharing groups, and new market entrants. In China, Chubb competes with investment management firms, banks, and other financial institutions for AUM. The insurance industry is undergoing rapid transformation, driven by digital technologies and evolving customer needs, requiring companies like Chubb to adapt and innovate continuously.

• Catastrophic Events: Chubb's business is exposed to losses from natural and man-made catastrophes, including terrorism and cyberattacks, which are inherently unpredictable and can significantly impact results.
• Loss Reserves: Inaccurate estimations of loss reserves can adversely affect financial results.
• Reinsurance Recoverables: Non-payment or disputes related to reinsurance recoverables can negatively impact Chubb's financial condition.
• Competition: The insurance market is highly competitive, and intense price competition or the emergence of new market entrants can reduce margins.
• Regulatory Changes: Evolving regulatory landscape, including data privacy and cybersecurity regulations, can increase compliance costs and create uncertainties.