CB Stock Income Statements
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Quarterly Income Statements
Quarterly
|
Annual
Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2017-03-31 | 2016-12-31 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2012-09-30 | 2012-03-31 | 2011-12-31 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 |
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revenues | ||||||||||||||||||||||||||||||||||
net premiums written | 12,221,000,000 | 35,765,000,000 | 13,104,000,000 | 11,951,000,000 | 10,710,000,000 | 31,521,000,000 | 12,020,000,000 | 10,302,000,000 | 9,199,000,000 | 6,710,000,000 | 5,995,000,000 | 5,995,000,000 | 13,569,000,000 | 4,709,000,000 | 4,784,000,000 | 4,716,000,000 | 3,572,000,000 | 3,571,000,000 | 3,571,000,000 | 9,994,000,000 | 3,155,000,000 | 3,415,000,000 | 3,424,000,000 | 3,276,000,000 | 3,276,000,000 | 3,598,000,000 | 3,154,000,000 | 9,152,000,000 | 2,800,000,000 | 3,082,000,000 | 3,310,000,000 | 9,164,000,000 | 2,889,000,000 | 2,909,000,000 |
increase in unearned premiums | -638,000,000 | -1,950,000,000 | -430,000,000 | -952,000,000 | -568,000,000 | -1,683,000,000 | -485,000,000 | -745,000,000 | -453,000,000 | |||||||||||||||||||||||||
net premiums earned | 11,583,000,000 | 33,815,000,000 | 12,674,000,000 | 10,999,000,000 | 10,142,000,000 | 29,838,000,000 | 11,535,000,000 | 9,557,000,000 | 8,746,000,000 | 6,772,000,000 | 6,597,000,000 | 6,597,000,000 | 13,006,000,000 | 4,719,000,000 | 4,360,000,000 | 4,665,000,000 | 3,381,000,000 | 3,277,000,000 | 3,277,000,000 | 9,853,000,000 | 3,393,000,000 | 3,266,000,000 | 3,194,000,000 | 3,609,000,000 | 3,609,000,000 | 3,428,000,000 | 2,940,000,000 | 9,240,000,000 | 3,150,000,000 | 3,008,000,000 | 2,805,000,000 | 8,889,000,000 | 3,091,000,000 | 2,921,000,000 |
net investment income | 1,391,000,000 | 3,566,000,000 | 1,314,000,000 | 1,145,000,000 | 1,107,000,000 | 2,689,000,000 | 979,000,000 | 888,000,000 | 822,000,000 | 745,000,000 | 674,000,000 | 674,000,000 | 1,662,000,000 | 549,000,000 | 562,000,000 | 533,000,000 | 544,000,000 | 504,000,000 | 504,000,000 | 1,519,000,000 | 511,000,000 | 506,000,000 | 502,000,000 | 520,000,000 | 520,000,000 | 532,000,000 | 489,000,000 | 1,414,000,000 | 492,000,000 | 471,000,000 | 369,000,000 | 910,000,000 | 320,000,000 | 305,000,000 |
net realized gains | -101,000,000 | -484,000,000 | -103,000,000 | -304,000,000 | -77,000,000 | -787,000,000 | -384,000,000 | -504,000,000 | 101,000,000 | -121,000,000 | -510,000,000 | -510,000,000 | -126,000,000 | -353,000,000 | 5,000,000 | -11,000,000 | 7,000,000 | 101,000,000 | 83,000,000 | 32,000,000 | ||||||||||||||
market risk benefits gains | 21,000,000 | -154,000,000 | -32,000,000 | -7,000,000 | -115,000,000 | |||||||||||||||||||||||||||||
total revenues | 12,894,000,000 | 36,743,000,000 | 13,853,000,000 | 11,833,000,000 | 11,057,000,000 | 31,740,000,000 | 12,130,000,000 | 9,941,000,000 | 9,669,000,000 | 7,510,000,000 | 6,877,000,000 | 6,877,000,000 | 14,308,000,000 | 4,871,000,000 | 5,048,000,000 | 5,138,000,000 | 4,185,000,000 | 3,949,000,000 | 3,949,000,000 | 10,803,000,000 | 3,681,000,000 | 3,547,000,000 | 3,575,000,000 | 3,619,000,000 | 3,619,000,000 | 3,834,000,000 | 3,076,000,000 | 10,659,000,000 | 3,642,000,000 | 3,468,000,000 | 3,181,000,000 | 9,900,000,000 | 3,494,000,000 | 3,258,000,000 |
yoy | 16.61% | 15.76% | 14.20% | 19.03% | 14.36% | 322.64% | 76.39% | 44.55% | -32.42% | 54.18% | 36.23% | 33.85% | 241.89% | 23.35% | 27.83% | -52.44% | 13.69% | 11.33% | 10.46% | 198.51% | 1.71% | -7.49% | 16.22% | -66.05% | -0.63% | 10.55% | -3.30% | 7.67% | 4.24% | 6.45% | ||||
qoq | -64.91% | 165.23% | 17.07% | 7.02% | -65.16% | 161.67% | 22.02% | 2.81% | 28.75% | 9.20% | 0.00% | -51.94% | 193.74% | -3.51% | -1.75% | 22.77% | 5.98% | 0.00% | -63.45% | 193.48% | 3.78% | -0.78% | -1.22% | 0.00% | -5.61% | 24.64% | -71.14% | 192.67% | 5.02% | 9.02% | -67.87% | 183.34% | 7.24% | |
expenses | ||||||||||||||||||||||||||||||||||
losses and loss expenses | 5,727,000,000 | 17,937,000,000 | 7,106,000,000 | 5,683,000,000 | 5,148,000,000 | 17,474,000,000 | 7,279,000,000 | 5,408,000,000 | 4,787,000,000 | 3,789,000,000 | 3,674,000,000 | 3,674,000,000 | 7,182,000,000 | 2,643,000,000 | 2,417,000,000 | 3,047,000,000 | 1,804,000,000 | 1,921,000,000 | 1,921,000,000 | 5,522,000,000 | 1,885,000,000 | 1,821,000,000 | 1,816,000,000 | 2,369,000,000 | 2,369,000,000 | 1,895,000,000 | 1,579,000,000 | 5,563,000,000 | 1,910,000,000 | 1,793,000,000 | 1,680,000,000 | 6,439,000,000 | 2,806,000,000 | 1,844,000,000 |
policy benefits | 1,180,000,000 | 2,565,000,000 | 938,000,000 | 830,000,000 | 797,000,000 | 790,000,000 | 486,000,000 | 159,000,000 | 145,000,000 | 168,000,000 | 126,000,000 | 126,000,000 | 384,000,000 | 89,000,000 | 153,000,000 | 130,000,000 | 147,000,000 | 87,000,000 | 87,000,000 | 256,000,000 | 79,000,000 | 78,000,000 | 99,000,000 | |||||||||||
policy acquisition costs | 2,207,000,000 | 6,142,000,000 | 2,178,000,000 | 2,016,000,000 | 1,948,000,000 | 5,451,000,000 | 1,975,000,000 | 1,739,000,000 | 1,737,000,000 | 1,397,000,000 | 1,413,000,000 | 1,413,000,000 | 2,205,000,000 | 771,000,000 | 727,000,000 | 609,000,000 | 582,000,000 | 554,000,000 | 554,000,000 | 1,571,000,000 | 567,000,000 | 523,000,000 | 481,000,000 | 581,000,000 | 581,000,000 | 569,000,000 | 468,000,000 | 1,314,000,000 | 463,000,000 | 434,000,000 | 421,000,000 | 1,243,000,000 | 426,000,000 | 429,000,000 |
administrative expenses | 1,070,000,000 | 2,959,000,000 | 1,060,000,000 | 969,000,000 | 930,000,000 | 2,479,000,000 | 883,000,000 | 818,000,000 | 778,000,000 | 676,000,000 | 772,000,000 | 772,000,000 | 1,700,000,000 | 568,000,000 | 578,000,000 | 519,000,000 | 510,000,000 | 460,000,000 | 460,000,000 | 1,325,000,000 | 451,000,000 | 454,000,000 | 420,000,000 | 457,000,000 | 457,000,000 | 461,000,000 | 375,000,000 | 1,070,000,000 | 358,000,000 | 356,000,000 | 398,000,000 | 960,000,000 | 308,000,000 | 316,000,000 |
interest expense | 178,000,000 | 499,000,000 | 174,000,000 | 165,000,000 | 160,000,000 | 416,000,000 | 150,000,000 | 134,000,000 | 132,000,000 | 154,000,000 | 146,000,000 | 146,000,000 | 207,000,000 | 68,000,000 | 71,000,000 | 63,000,000 | 62,000,000 | 52,000,000 | 52,000,000 | 169,000,000 | 60,000,000 | 56,000,000 | 53,000,000 | 68,000,000 | 68,000,000 | 62,000,000 | 46,000,000 | 132,000,000 | 44,000,000 | 42,000,000 | 43,000,000 | 128,000,000 | 43,000,000 | 43,000,000 |
other income | -191,000,000 | -550,000,000 | -154,000,000 | -100,000,000 | -296,000,000 | -21,000,000 | 188,000,000 | 101,000,000 | -310,000,000 | 28,000,000 | 28,000,000 | 12,000,000 | 17,000,000 | -17,000,000 | -3,000,000 | -4,000,000 | -4,000,000 | 44,000,000 | 51,000,000 | -21,000,000 | 14,000,000 | 6,000,000 | 6,000,000 | -125,000,000 | 15,000,000 | 32,000,000 | 32,000,000 | -4,000,000 | -8,000,000 | -36,000,000 | -25,000,000 | -6,000,000 | ||
amortization of purchased intangibles | 80,000,000 | 226,000,000 | 84,000,000 | 70,000,000 | 72,000,000 | 211,000,000 | 69,000,000 | 71,000,000 | 71,000,000 | 64,000,000 | 7,000,000 | 7,000,000 | ||||||||||||||||||||||
cigna integration expenses | 7,000,000 | 51,000,000 | 14,000,000 | 15,000,000 | 22,000,000 | 26,000,000 | 23,000,000 | 3,000,000 | ||||||||||||||||||||||||||
total expenses | 10,258,000,000 | 29,829,000,000 | 11,400,000,000 | 9,648,000,000 | 8,781,000,000 | 26,826,000,000 | 11,053,000,000 | 8,433,000,000 | 7,340,000,000 | 6,289,000,000 | 6,314,000,000 | 6,314,000,000 | 11,762,000,000 | 4,211,000,000 | 3,963,000,000 | 4,351,000,000 | 3,102,000,000 | 3,070,000,000 | 3,070,000,000 | 8,887,000,000 | 3,093,000,000 | 2,911,000,000 | 2,883,000,000 | 3,572,000,000 | 3,572,000,000 | 2,951,000,000 | 2,546,000,000 | 8,219,000,000 | 2,846,000,000 | 2,654,000,000 | 2,562,000,000 | 8,839,000,000 | 3,591,000,000 | 2,663,000,000 |
income before income tax | 2,636,000,000 | 6,914,000,000 | 2,453,000,000 | 2,185,000,000 | 2,276,000,000 | 4,914,000,000 | 1,077,000,000 | 1,508,000,000 | 2,329,000,000 | 1,221,000,000 | 563,000,000 | 563,000,000 | 2,546,000,000 | 660,000,000 | 1,085,000,000 | 787,000,000 | 1,083,000,000 | 879,000,000 | 879,000,000 | 1,916,000,000 | 588,000,000 | 636,000,000 | 692,000,000 | 47,000,000 | 47,000,000 | 883,000,000 | 530,000,000 | 1,061,000,000 | -97,000,000 | 595,000,000 | ||||
income tax expense | 342,000,000 | 1,189,000,000 | 413,000,000 | 392,000,000 | 384,000,000 | 913,000,000 | 265,000,000 | 293,000,000 | 355,000,000 | 395,000,000 | 132,000,000 | 143,000,000 | 147,000,000 | 110,000,000 | 124,000,000 | 124,000,000 | 101,000,000 | 125,000,000 | 137,000,000 | 153,000,000 | 434,000,000 | 140,000,000 | 165,000,000 | 134,000,000 | 269,000,000 | 15,000,000 | 128,000,000 | |||||||
net income | 2,294,000,000 | 5,725,000,000 | 2,040,000,000 | 1,793,000,000 | 1,892,000,000 | 4,001,000,000 | 812,000,000 | 1,215,000,000 | 1,974,000,000 | 1,093,000,000 | 439,000,000 | 439,000,000 | 2,151,000,000 | 528,000,000 | 942,000,000 | 640,000,000 | 973,000,000 | 755,000,000 | 755,000,000 | 1,596,000,000 | 494,000,000 | 535,000,000 | 567,000,000 | 54,000,000 | 54,000,000 | 746,000,000 | 377,000,000 | 2,006,000,000 | 656,000,000 | 649,000,000 | 489,000,000 | 792,000,000 | -112,000,000 | 467,000,000 |
yoy | 21.25% | 43.09% | 151.23% | 47.57% | -4.15% | 266.06% | 84.97% | 176.77% | -8.23% | 107.01% | -53.40% | -31.41% | 121.07% | -30.07% | 24.77% | -59.90% | 96.96% | 41.12% | 33.16% | 2855.56% | 814.81% | -28.28% | 50.40% | -97.31% | -91.77% | 14.95% | -22.90% | 153.28% | -685.71% | 38.97% | ||||
qoq | -59.93% | 180.64% | 13.78% | -5.23% | -52.71% | 392.73% | -33.17% | -38.45% | 80.60% | 148.97% | 0.00% | -79.59% | 307.39% | -43.95% | 47.19% | -34.22% | 28.87% | 0.00% | -52.69% | 223.08% | -7.66% | -5.64% | 950.00% | 0.00% | -92.76% | 97.88% | -81.21% | 205.79% | 1.08% | 32.72% | -38.26% | -807.14% | -123.98% | |
net income attributable to noncontrolling interests | 151,000,000 | -3,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||
net income attributable to chubb | 2,143,000,000 | 5,728,000,000 | 2,043,000,000 | |||||||||||||||||||||||||||||||
other comprehensive income | -605,000,000 | -927,000,000 | 1,290,000,000 | -4,871,000,000 | 314,000,000 | 1,102,000,000 | 1,102,000,000 | 676,000,000 | 298,000,000 | 303,000,000 | 303,000,000 | 2,701,000,000 | 1,776,000,000 | 1,155,000,000 | -230,000,000 | -969,000,000 | -969,000,000 | -289,000,000 | -48,000,000 | 253,000,000 | -82,000,000 | -293,000,000 | -111,000,000 | 104,000,000 | ||||||||||
change in: | ||||||||||||||||||||||||||||||||||
unrealized appreciation | -677,000,000 | -1,194,000,000 | 1,786,000,000 | -4,786,000,000 | 307,000,000 | 905,000,000 | 905,000,000 | -696,000,000 | -321,000,000 | -816,000,000 | 731,000,000 | 325,000,000 | 583,000,000 | 583,000,000 | 2,511,000,000 | 1,985,000,000 | 972,000,000 | |||||||||||||||||
current discount rate on future policy benefits | -53,000,000 | 497,000,000 | 683,000,000 | -35,000,000 | -151,000,000 | |||||||||||||||||||||||||||||
instrument-specific credit risk on market risk benefits | 5,000,000 | 3,000,000 | -5,000,000 | 11,000,000 | -3,000,000 | |||||||||||||||||||||||||||||
cumulative foreign currency translation adjustment | 80,000,000 | -279,000,000 | -317,000,000 | 215,000,000 | -177,000,000 | -1,676,000,000 | -966,000,000 | -777,000,000 | 67,000,000 | 134,000,000 | ||||||||||||||||||||||||
other, including postretirement benefit liability adjustment | 31,000,000 | 52,000,000 | 37,000,000 | 48,000,000 | -33,000,000 | -35,000,000 | -59,000,000 | |||||||||||||||||||||||||||
other comprehensive income, before income tax | -614,000,000 | -955,000,000 | 1,422,000,000 | -5,116,000,000 | 429,000,000 | 1,371,000,000 | 1,371,000,000 | 861,000,000 | 378,000,000 | 370,000,000 | 370,000,000 | 3,312,000,000 | 2,197,000,000 | 1,444,000,000 | -329,000,000 | -1,289,000,000 | -1,289,000,000 | -297,000,000 | -25,000,000 | 281,000,000 | -110,000,000 | -384,000,000 | -151,000,000 | 125,000,000 | ||||||||||
income tax benefit related to oci items | 9,000,000 | -104,000,000 | 28,000,000 | -132,000,000 | 1,222,000,000 | 165,000,000 | 245,000,000 | 812,000,000 | 145,000,000 | 45,000,000 | 175,000,000 | |||||||||||||||||||||||
comprehensive income | 1,689,000,000 | 4,316,000,000 | 268,000,000 | 866,000,000 | 3,182,000,000 | -8,529,000,000 | -3,093,000,000 | -3,656,000,000 | -1,780,000,000 | 1,407,000,000 | 1,541,000,000 | 1,541,000,000 | 768,000,000 | -271,000,000 | 397,000,000 | 1,316,000,000 | 1,271,000,000 | 1,058,000,000 | 1,058,000,000 | 4,297,000,000 | 2,270,000,000 | 1,690,000,000 | 337,000,000 | -915,000,000 | -915,000,000 | 218,000,000 | 88,000,000 | 1,958,000,000 | 909,000,000 | 274,000,000 | 407,000,000 | 499,000,000 | -223,000,000 | 571,000,000 |
comprehensive income attributable to noncontrolling interests | 123,000,000 | |||||||||||||||||||||||||||||||||
comprehensive income attributable to chubb | 1,566,000,000 | 4,395,000,000 | 347,000,000 | |||||||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||||||
basic earnings per share attributable to chubb | 5.28 | 13.9 | 4.99 | |||||||||||||||||||||||||||||||
diluted earnings per share attributable to chubb | 5.23 | 13.79 | 4.95 | |||||||||||||||||||||||||||||||
unrealized depreciation | -1,578,000,000 | -2,170,000,000 | -12,041,000,000 | -3,045,000,000 | -4,788,000,000 | |||||||||||||||||||||||||||||
other comprehensive loss, before income tax | -1,305,000,000 | -1,772,000,000 | -13,752,000,000 | -4,070,000,000 | -4,566,000,000 | -555,000,000 | -398,000,000 | |||||||||||||||||||||||||||
other comprehensive loss | -1,409,000,000 | -1,772,000,000 | -12,530,000,000 | -3,905,000,000 | -3,754,000,000 | -528,000,000 | -375,000,000 | |||||||||||||||||||||||||||
comprehensive loss attributable to noncontrolling interests | -79,000,000 | -79,000,000 | ||||||||||||||||||||||||||||||||
basic earnings per share | 4.35 | 4.57 | 9.5 | 1.95 | 2.88 | 4.64 | 2.33 | 0.98 | 0.98 | 6.6 | 1.63 | 2.89 | 1.88 | 2.87 | 2.23 | 2.23 | 4.74 | 1.46 | 1.58 | 1.69 | 0.16 | 0.16 | 2.23 | 1.12 | 6.08 | 1.98 | 1.96 | 1.49 | 2.67 | -0.43 | 1.61 | |||
diluted earnings per share | 4.32 | 4.53 | 9.41 | 1.94 | 2.86 | 4.59 | 2.31 | 0.97 | 0.97 | 6.53 | 1.62 | 2.86 | 1.86 | 2.84 | 2.22 | 2.22 | 4.73 | 1.46 | 1.58 | 1.69 | 0.16 | 0.16 | 2.2 | 1.1 | 5.98 | 1.95 | 1.93 | 1.46 | 2.63 | -0.43 | 1.58 | |||
reclassification adjustment for net realized (gains) losses included in net income | 442,000,000 | 136,000,000 | -129,000,000 | -129,000,000 | 387,000,000 | 51,000,000 | 157,000,000 | 179,000,000 | 383,000,000 | 383,000,000 | 169,000,000 | 173,000,000 | 21,000,000 | 6,000,000 | 12,000,000 | -15,000,000 | -151,000,000 | -47,000,000 | -56,000,000 | |||||||||||||||
postretirement benefit liability adjustment | 5,000,000 | 19,000,000 | ||||||||||||||||||||||||||||||||
decrease in unearned premiums | 62,000,000 | |||||||||||||||||||||||||||||||||
other-than-temporary impairment (otti) losses gross | -10,000,000 | -10,000,000 | -50,000,000 | -50,000,000 | -666,000,000 | -169,000,000 | -305,000,000 | |||||||||||||||||||||||||||
portion of otti losses recognized in other comprehensive income | 8,000,000 | 8,000,000 | 11,000,000 | 5,000,000 | 6,000,000 | 32,000,000 | 32,000,000 | 302,000,000 | 111,000,000 | 191,000,000 | ||||||||||||||||||||||||
net otti losses recognized in income | -10,000,000 | -10,000,000 | -18,000,000 | -18,000,000 | -364,000,000 | -58,000,000 | -114,000,000 | |||||||||||||||||||||||||||
net realized gains excluding otti losses | 12,000,000 | 134,000,000 | -50,000,000 | 270,000,000 | 186,000,000 | 186,000,000 | -205,000,000 | -165,000,000 | -111,000,000 | |||||||||||||||||||||||||
total net realized gains | 126,000,000 | -60,000,000 | 260,000,000 | 168,000,000 | 168,000,000 | -569,000,000 | -223,000,000 | -225,000,000 | ||||||||||||||||||||||||||
chubb integration expenses | 111,000,000 | 148,000,000 | 148,000,000 | 9,000,000 | 9,000,000 | |||||||||||||||||||||||||||||
income tax | 128,000,000 | 124,000,000 | 124,000,000 | |||||||||||||||||||||||||||||||
reclassification adjustment for net realized losses included in net income | 8,000,000 | 152,000,000 | 152,000,000 | 18,000,000 | 49,000,000 | |||||||||||||||||||||||||||||
315 | 315,000,000 | |||||||||||||||||||||||||||||||||
income tax expense related to oci items | -185,000,000 | -80,000,000 | ||||||||||||||||||||||||||||||||
decrease (increase) in unearned premiums | 602,000,000 | 602,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||
1,057 | 1,057,000,000 | 1,057,000,000 | ||||||||||||||||||||||||||||||||
cumulative translation adjustment | 312,000,000 | 312,000,000 | 136,000,000 | 190,000,000 | 88,000,000 | -90,000,000 | -90,000,000 | 27,000,000 | 93,000,000 | 58,000,000 | 24,000,000 | |||||||||||||||||||||||
pension liability | 2,000,000 | 2,000,000 | 10,000,000 | 3,000,000 | -4,000,000 | -2,000,000 | 6,000,000 | 6,000,000 | -13,000,000 | 1,000,000 | -10,000,000 | -4,000,000 | 5,000,000 | 5,000,000 | 1,000,000 | -3,000,000 | -1,000,000 | -2,000,000 | ||||||||||||||||
amortization of intangible assets | 136,000,000 | 51,000,000 | ||||||||||||||||||||||||||||||||
(272 | ||||||||||||||||||||||||||||||||||
reclassification adjustment for net realized gains included in net income | -56,000,000 | -33,000,000 | ||||||||||||||||||||||||||||||||
(850 | ||||||||||||||||||||||||||||||||||
change in unearned premiums | -51,000,000 | -191,000,000 | -294,000,000 | -294,000,000 | -141,000,000 | 238,000,000 | -149,000,000 | -230,000,000 | 333,000,000 | 333,000,000 | -170,000,000 | -214,000,000 | 88,000,000 | 350,000,000 | -74,000,000 | -505,000,000 | -275,000,000 | 202,000,000 | 12,000,000 | |||||||||||||||
675 | 675,000,000 | |||||||||||||||||||||||||||||||||
income tax benefit related to other comprehensive income items | -67,000,000 | -67,000,000 | -611,000,000 | -421,000,000 | -289,000,000 | 99,000,000 | 27,000,000 | 23,000,000 | ||||||||||||||||||||||||||
gross premiums written | 14,657,000,000 | 5,005,000,000 | 5,117,000,000 | 4,535,000,000 | 5,220,000,000 | 5,220,000,000 | 5,293,000,000 | 4,409,000,000 | 13,596,000,000 | 4,463,000,000 | 4,637,000,000 | 4,511,000,000 | 13,017,000,000 | 4,261,000,000 | 4,213,000,000 | |||||||||||||||||||
reinsurance premiums ceded | -4,663,000,000 | -1,850,000,000 | -1,702,000,000 | -1,111,000,000 | -1,944,000,000 | -1,944,000,000 | -1,695,000,000 | -1,255,000,000 | -4,444,000,000 | -1,663,000,000 | -1,555,000,000 | -1,201,000,000 | -3,853,000,000 | -1,372,000,000 | -1,304,000,000 | |||||||||||||||||||
income tax benefit | 320,000,000 | 94,000,000 | ||||||||||||||||||||||||||||||||
cumulative translation adjustments | 427,000,000 | 160,000,000 | 325,000,000 | -58,000,000 | -155,000,000 | -155,000,000 | 6,000,000 | 19,000,000 | -104,000,000 | -25,000,000 | -68,000,000 | |||||||||||||||||||||||
unrealized (depreciation) appreciation arising during the period | -446,000,000 | -1,522,000,000 | -1,522,000,000 | |||||||||||||||||||||||||||||||
future policy benefits | 91,000,000 | 91,000,000 | 89,000,000 | |||||||||||||||||||||||||||||||
income tax (benefit) expense | -7,000,000 | -7,000,000 | ||||||||||||||||||||||||||||||||
income tax benefit (expense) related to other comprehensive income items | 320,000,000 | 320,000,000 | 8,000,000 | 28,000,000 | 91,000,000 | 40,000,000 | -21,000,000 | |||||||||||||||||||||||||||
unrealized depreciation arising during the period | -731,000,000 | -427,000,000 | ||||||||||||||||||||||||||||||||
life and annuity benefits | 63,000,000 | 108,000,000 | 39,000,000 | 33,000,000 | 28,000,000 | 105,000,000 | 33,000,000 | 37,000,000 | ||||||||||||||||||||||||||
unrealized appreciation (depreciation) arising during the period | -497,000,000 | -136,000,000 | 218,000,000 | -117,000,000 | -132,000,000 | -78,000,000 | 247,000,000 | |||||||||||||||||||||||||||
income before income tax and cumulative effect of a change in accounting principle | 2,440,000,000 | 796,000,000 | 814,000,000 | 619,000,000 | ||||||||||||||||||||||||||||||
income before cumulative effect of a change in accounting principle | 2,006,000,000 | 656,000,000 | 649,000,000 | 485,000,000 | ||||||||||||||||||||||||||||||
cumulative effect of a change in accounting principle | 4,000,000 | |||||||||||||||||||||||||||||||||
income tax expense related to other comprehensive income items | -23,000,000 | -28,000,000 | ||||||||||||||||||||||||||||||||
basic earnings per share before cumulative effect of a change in accounting principle | 6.08 | 1.98 | 1.96 | 1.48 | ||||||||||||||||||||||||||||||
diluted earnings per share before cumulative effect of a change in accounting principle | 5.98 | 1.95 | 1.93 | 1.45 | ||||||||||||||||||||||||||||||
amortization of net unrealized (gains) losses related to transferred securities | -1,000,000 | -4,000,000 | -2,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||
minimum pension liability | -1,000,000 | 7,000,000 | 1,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||
net unrealized appreciation (depreciation) on investments | -287,000,000 | -127,000,000 |