Chubb (CB) FY2015 results: revenue $19.0 billion, down 1.0% on the year
Chubb Ltd. (CB) reported revenue of $19.0 billion for fiscal 2015, the year ended 31 December 2015, down 1.0% on the year before. Net income was $2.8 billion, down 0.7%, and diluted earnings per share $8.62. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$19.0 billion
-1.0% on the year
FY2008FY2015
Operating margin
17.4%
18.2% a year earlier
FY2008FY2015
Net income
$2.8 billion
-0.7% on the year
FY2008FY2015
Diluted EPS
$8.62
+2.4% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
18,987
19,171
19,261
-1.0%
Operating income
3,296
3,487
4,238
-5.5%
Operating margin
17.4%
18.2%
22.0%
Interest expense
300
280
275
+7.1%
Pre-tax income
3,296
3,487
n/a
-5.5%
Income tax
462
634
480
-27.1%
Effective tax rate
14.0%
18.2%
n/a
Net income
2,834
2,853
3,758
-0.7%
Net margin
14.9%
14.9%
19.5%
Diluted EPS
$8.62
$8.42
$10.92
+2.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,864
4,496
4,022
-14.1%
Cash from investing
-6,294
-2,504
-4,442
Cash from financing
3,695
-1,777
391
Buybacks
758
1,429
287
-47.0%
Dividends paid
862
862
517
0.0%
Dividend per share
$2.66
$2.70
$2.02
-1.5%
Diluted shares, weighted
329m
339m
344m
-3.0%
Shares outstanding at period end
325m
329m
340m
-1.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
29,135
29,587
28,825
-1.5%
Short-term borrowings
0.0
1,150
1,901
Debt
9,389
3,357
3,807
+179.7%
Other liabilities
63,842
64,154
59,977
-0.5%
Total liabilities and equity
102,366
98,248
94,510
+4.2%
Fixed assets
938
n/a
n/a
Goodwill
4,796
4,904
4,603
-2.2%
Intangible assets
887
717
695
+23.7%
Investments
10,446
n/a
n/a
Securities held for sale or to maturity
n/a
56,726
55,352
Cash and equivalents
1,775
655
579
+171.0%
Other assets
83,524
35,246
33,281
+137.0%
Total assets
102,366
98,248
94,510
+4.2%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.