A Brief History of Chubb Limited (CB)

Founded in 1882, Chubb Limited (CB) has evolved to become one of the largest publicly traded property and casualty insurance companies in the world. The company has seen numerous transformations throughout its history, marked by significant events and strategic mergers and acquisitions.

• 1882: Founding – Thomas Caldecot Chubb and his brother Percy formed Chubb & Son in New York City, initially focusing on underwriting insurance for marine cargo.
• 1970s: Expansion – Chubb diversified its insurance offerings into multiple lines including personal and commercial insurance, broadening its market reach.
• 1984: Public Listing – Chubb became a publicly traded company listed on the New York Stock Exchange under the ticker symbol CB, enhancing its ability to raise capital and grow its operations.
• 2007: Acquisition of Executive Risk – This acquisition strengthened Chubb’s Directors and Officers liability insurance (D&O) segment, a critical area for large corporations and executives.
• 2015: ACE Limited Merger – One of the most transformative moments in Chubb’s history was its merger with ACE Limited, a Swiss-based global insurer, for $29.5 billion. The merged entity retained the Chubb name and became the world’s largest publicly traded property and casualty insurer.
• 2016: Global Expansion – Post-merger, Chubb significantly expanded its global footprint, gaining a presence in over 54 countries and territories, and offering comprehensive and diverse insurance products.
• 2021: Core Acquisitions – Chubb continued to grow through strategic acquisitions, including the purchase of Cigna’s life and non-life insurance operations in seven Asia-Pacific markets, further solidifying its international presence.

Today, Chubb Limited is recognized for its innovative risk management solutions, financial strength, and a commitment to underwriting discipline. The company's continued growth and strategic initiatives underscore its position as a leader in the global insurance industry.

Who Owns Chubb Limited (CB)

Chubb Limited (NYSE: CB), a leading global insurance company, has a broad ownership structure reflected in its diverse shareholder base. The company is publicly traded on the New York Stock Exchange, meaning its ownership is divided among many institutional and individual shareholders.

Here are some key points regarding the ownership of Chubb Limited:

• Institutional Investors: A significant portion of Chubb's shares is held by institutional investors such as mutual funds, pension funds, and other large entities. Prominent institutional shareholders include The Vanguard Group, BlackRock, and State Street Corporation. These institutions typically hold large blocks of shares and have substantial influence over company decisions.
• Mutual Funds: Various mutual funds are also major stakeholders in Chubb Limited. Funds like the Vanguard Total Stock Market Index Fund and the SPDR S&P 500 ETF Trust hold considerable positions in the company's stock.
• Individual Shareholders: Individual investors, including retail investors and company insiders, own a smaller yet significant portion of the company’s shares. This group includes company executives, board members, and employees who may have received stock as part of their compensation packages.
• Executive Ownership: Members of Chubb’s executive team and board of directors also hold shares, aligning their interests with those of other shareholders.

Chubb Limited's ownership landscape is characterized by a mix of large institutional investors and individual shareholders, each contributing to the company's strategic direction and overall performance. The widespread ownership helps ensure a balanced governance structure, with various stakeholders working towards the company's long-term success.

Chubb Limited (CB) Mission Statement

Chubb Limited, one of the world's largest publicly traded property and casualty insurance companies, emphasizes its unwavering commitment to providing high-quality insurance products and services. The company's mission statement underscores several core principles.

Commitment to Excellence: Chubb is dedicated to delivering excellence in every aspect of its operations. This dedication ensures that customers receive superior insurance protection and innovative solutions tailored to their unique needs.

Customer-Centric Approach: Chubb's mission revolves around the customer. The company aims to build strong, enduring relationships by understanding and addressing the specific insurance needs of individuals and businesses.

Key elements of Chubb Limited's mission include:

• Integrity: Conducting business with the highest ethical standards.
• Service: Providing exceptional service and support to clients.
• Innovation: Continuously developing new insurance products to meet evolving risks.
• Responsibility: Contributing positively to society through sustainable and responsible business practices.

Chubb's mission statement reflects its dedication to being a trusted partner for its clients by delivering value and peace of mind through comprehensive insurance solutions.

How Chubb Limited (CB) Works

Chubb Limited (CB) is a globally recognized insurance company that provides a broad range of insurance products to its clients. The company's operations are structured to deliver comprehensive risk management solutions across multiple segments, including property and casualty insurance, accident and health insurance, reinsurance, and life insurance. Below are the key operational aspects of how Chubb Limited functions:

• Global Footprint: Chubb operates in 54 countries and territories worldwide, making it one of the most geographically diverse insurers.
• Segmented Services: The company segments its offerings into North America, Overseas General Insurance, Global Reinsurance, and Life Insurance.

• Commercial Insurance: Chubb provides comprehensive commercial insurance products, including property, casualty, financial lines, and marine insurance.
• Personal Insurance: For individuals, the company offers products like homeowner’s insurance, automobile insurance, specialty coverage for valuable items, and more.
• Health and Accident Insurance: The company offers a range of health and accident insurance products tailored to meet the needs of individuals and businesses.

• Customization: Chubb specializes in providing tailored insurance solutions that meet the unique needs of its clients. This involves intricate risk assessment and customized policy creation.
• Claims Processing: The company prides itself on efficient and fair claims handling, making the process as seamless as possible for its clients.

• Digital Platforms: Chubb leverages advanced digital platforms to enhance customer experience and streamline its operations. This includes user-friendly mobile applications and online portals for policy management and claims processing.
• Data Analytics: The company employs state-of-the-art data analytics tools to better understand risk patterns and improve underwriting accuracy.

• Strong Financials: Chubb maintains a robust financial position with significant reserves, enabling it to underwrite large and complex risks.
• Credit Ratings: The company enjoys high credit ratings from leading rating agencies, reflecting its financial health and operational efficiency.

By combining a vast global presence, diverse product offerings, a client-centric approach, and the use of cutting-edge technology, Chubb Limited has established itself as a leading name in the insurance sector.

How Chubb Limited (CB) Makes Money

Chubb Limited (CB) is one of the world's largest publicly traded property and casualty insurance companies. The company operates on a global scale and has a diverse business model. Here are the main ways Chubb Limited generates revenue:

• Insurance Premiums: The core business of Chubb Limited revolves around underwriting insurance policies. The company collects premiums from policyholders in exchange for coverage on various risks, including property, casualty, accident, health, reinsurance, and life insurance. These insurance premiums constitute the largest portion of the company's revenue.
• Investment Income: Chubb Limited invests the premiums collected from policyholders into a variety of financial instruments, such as bonds, stocks, and real estate. The returns generated from these investments provide a significant source of income for the company, supplementing the underwriting profits.
• Underwriting Profit: Chubb employs disciplined underwriting practices to ensure that the premiums collected are higher than the claims paid out. The company focuses on maintaining a low loss ratio, which helps in generating underwriting profits. This means that they are able to earn more money from premiums than they pay out in claims.
• Fees and Service Charges: Apart from traditional insurance products, Chubb also offers risk management and loss control services to businesses. The company charges fees for these services, adding an additional revenue stream.

Chubb Limited leverages these multiple revenue streams to maintain its position as a leader in the insurance industry. The combination of premium income, investment returns, underwriting profits, and service fees allows the company to sustain growth and profitability over the long term.