Chubb (CB) FY2012 results: revenue $17.9 billion, up 6.5% on the year
Chubb Ltd. (CB) reported revenue of $17.9 billion for fiscal 2012, the year ended 31 December 2012, up 6.5% on the year before. Net income was $2.7 billion, up 75.7%, and diluted earnings per share $7.89. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$17.9 billion
+6.5% on the year
FY2007FY2012
Operating margin
16.6%
12.1% a year earlier
FY2007FY2012
Net income
$2.7 billion
+75.7% on the year
FY2007FY2012
Diluted EPS
$7.89
+74.6% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
17,936
16,834
16,006
+6.5%
Operating income
2,976
2,042
3,638
+45.7%
Operating margin
16.6%
12.1%
22.7%
Interest expense
250
250
224
0.0%
Income tax
270
502
553
-46.2%
Net income
2,706
1,540
3,085
+75.7%
Net margin
15.1%
9.1%
19.3%
Diluted EPS
$7.89
$4.52
$9.04
+74.6%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
3,995
3,470
3,546
+15.1%
Cash from investing
-3,439
-3,036
-4,181
Cash from financing
-550
-565
732
Share-based compensation
n/a
27.0
28.0
Buybacks
11.0
195
235
-94.4%
Dividends paid
815
459
435
+77.6%
Dividend per share
$2.06
$1.38
$1.30
+49.3%
Diluted shares, weighted
343m
341m
341m
+0.6%
Shares outstanding at period end
340m
337m
335m
+1.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
27,531
24,332
22,835
+13.1%
Short-term borrowings
1,401
1,251
1,300
+12.0%
Debt
3,360
3,360
3,358
0.0%
Other liabilities
60,253
58,378
55,862
+3.2%
Total liabilities and equity
92,545
87,321
83,355
+6.0%
Goodwill
4,319
4,148
4,030
+4.1%
Intangible assets
554
558
634
-0.7%
Securities held for sale or to maturity
54,576
50,414
47,040
+8.3%
Cash and equivalents
615
614
772
+0.2%
Other assets
32,481
31,587
30,879
+2.8%
Total assets
92,545
87,321
83,355
+6.0%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.