Chubb Limited · NYSE:CB
Chubb — Q1 2024 Earnings Presentation
17 slides from Chubb's earnings presentation, Apr 24, 2024
Slide 1: A Global Leader in P&C Insurance
A Global Leader in P&C Insurance Fourth Quarter 2023
Slide 2: Chairman and CEO quote on the Chubb name
“The Chubb name carries our promise of superior service, underwriting and execution. Our unique combination of people, products and places positions us to meet the needs of clients no matter where they are in the world.” – Evan Greenberg, Chairman & CEO Fourth Quarter 2023 2
Slide 3: Who We Are
Who We Are • A world leader in insurance with a market capitalization of $91.6 billion.* • A truly global company, with local operations in 54 countries and territories. • Insurance is our only business. • Well balanced by product and customer: – A global leader in traditional and specialty P&C cove
Slide 4: Global Reach
Global Reach • Chubb has an extensive local presence globally, with insurance professionals and operating subsidiaries in 54 countries and territories. • 41 percent of the company’s business is transacted outside the United States. Argentina Denmark Italy Panama Sweden Geographic Sources of Premium*
Slide 5: Product Breadth
Product Breadth • Chubb has one of the largest product portfolios in the global insurance industry. – More than 200 distinct commercial insurance and reinsurance products and services – Specialty coverages for clients ranging from multinational corporations, middle market companies and small busines
Slide 6: Business Units with Extensive Distribution Capabilities
Business Units with Extensive Distribution Capabilities • Chubb’s insurance products are distributed through retail and wholesale brokers, independent and captive agents, bancassurance, mobilassurance, direct marketing and direct-to-consumer platform partnerships. North America Overseas General Majo
Slide 7: Commercial Property & Casualty
Commercial Property & Casualty • For large corporations and multinationals, Chubb’s underwriting, claims and risk engineering professionals have the underwriting expertise, risk appetite and global network to tailor insurance coverage and services to help clients reduce risk and mitigate loss. • For
Slide 8: Accident & Health
Accident & Health • Chubb works with distribution partner organizations worldwide to offer affordable personal accident and supplemental health insurance products to employees, members and customers. • Products include employee benefits, special insurance offered through affinity marketing programs,
Slide 9: Personal Lines Insurance
Personal Lines Insurance • Chubb is the premier provider of high-value automobile, homeowners, recreational marine/aviation, valuables and umbrella liability coverage, with exceptional claims service, for successful individuals and families in the U.S., Canada and select international markets includ
Slide 10: Life Insurance
Life Insurance • Chubb Life is an international life insurer, primarily focused on Asia and also operating across Latin America, that offers life, health and savings-oriented insurance products and services to individuals and groups. • Chubb Life serves the needs of consumers through a variety of di
Slide 11: Reinsurance
Reinsurance • Chubb Tempest Re provides a broad range of reinsurance products to a diverse array of primary insurance companies worldwide. • The company’s underwriting, actuarial and claims expertise in property catastrophe reinsurance and other diversified lines, including casualty, enables it to t
Slide 12: Underwriting Expertise
Underwriting Expertise • Chubb is an underwriting company — we have a passion for the art and science of underwriting. • Our underwriters have deep expertise in a broad range of industries and specialty coverage areas — risks where an underwriter makes a difference. • Discipline defines our underwri
Slide 13: Claims and Engineering
Claims and Engineering • Chubb’s claim handling service is renowned for its quality, promptness and fairness – Deep technical knowledge and talent – Expertise and scale to handle claims of all sizes and complexity – Investment in technology and innovation to improve claim outcomes and enhance ease o
Slide 14: Proven Insurance Leadership
Proven Insurance Leadership • Chubb’s top leaders have built their entire careers in insurance and managed their business lines through a variety of insurance cycles and economic conditions. Evan Greenberg John Keogh John Lupica Bryce Johns Juan Luis Ortega Joe Vasquez Chairman & President & Chief V
Slide 15: Financial Ratings and Balance Sheet Strength
Financial Ratings and Balance Sheet Strength • Chubb is highly rated by the rating agencies for financial strength. • The company manages risk on both sides of its balance sheet by maintaining underwriting discipline, managing exposure accumulations and investing assets conservatively. • Chubb’s tot
Slide 16: Conservative Investment Philosophy
Conservative Investment Philosophy • 84% of Chubb’s investment portfolio is in fixed income securities, with an average credit quality of A (S&P) and A (Moody’s) and a duration of nearly five years. • The portfolio’s asset allocation is well diversified across issuers, geographies and sectors. Credi
Slide 17: Citizenship at Chubb
Citizenship at Chubb Philanthropy & Volunteerism Environment & Climate Change The company’s philanthropy is funded principally through the Chubb Chubb recognizes its responsibility to encourage the transition to a net– Charitable Foundation, which supports non-profit organizations through zero carbo