Chubb (CB) FY2011 results: revenue $16.8 billion, up 5.2% on the year
Chubb Ltd. (CB) reported revenue of $16.8 billion for fiscal 2011, the year ended 31 December 2011, up 5.2% on the year before. Net income was $1.5 billion, down 50.1%, and diluted earnings per share $4.52. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$16.8 billion
+5.2% on the year
FY2007FY2011
Operating margin
12.1%
22.7% a year earlier
FY2007FY2011
Net income
$1.5 billion
-50.1% on the year
FY2007FY2011
Diluted EPS
$4.52
-50.0% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
16,834
16,006
15,075
+5.2%
Operating income
2,042
3,638
3,077
-43.9%
Operating margin
12.1%
22.7%
20.4%
Interest expense
250
224
225
+11.6%
Income tax
502
553
528
-9.2%
Net income
1,540
3,085
2,549
-50.1%
Net margin
9.1%
19.3%
16.9%
Diluted EPS
$4.52
$9.04
$7.55
-50.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
3,470
3,546
3,335
-2.1%
Cash from investing
-3,036
-4,181
-3,224
Cash from financing
-565
732
-321
Share-based compensation
27.0
28.0
27.0
-3.6%
Buybacks
195
235
n/a
-17.0%
Dividends paid
459
435
388
+5.5%
Dividend per share
$1.38
$1.30
$1.19
+6.2%
Diluted shares, weighted
341m
341m
338m
-0.1%
Shares outstanding at period end
337m
335m
337m
+0.6%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
24,332
22,835
19,667
+6.6%
Short-term borrowings
1,251
1,300
n/a
-3.8%
Debt
3,360
3,358
3,158
+0.1%
Other liabilities
58,378
55,862
55,155
+4.5%
Total liabilities and equity
87,321
83,355
77,980
+4.8%
Goodwill
4,148
4,030
3,814
+2.9%
Intangible assets
558
634
n/a
-12.0%
Securities held for sale or to maturity
50,414
47,040
43,006
+7.2%
Cash and equivalents
614
772
669
-20.5%
Other assets
31,587
30,879
30,491
+2.3%
Total assets
87,321
83,355
77,980
+4.8%
10-K for the year ended 31 December 2011, filed 28 February 2014: the filing.