Chubb (CB) FY2016 results: revenue $31.5 billion, up 65.7% on the year
Chubb Ltd. (CB) reported revenue of $31.5 billion for fiscal 2016, the year ended 31 December 2016, up 65.7% on the year before. Net income was $4.1 billion, up 45.9%, and diluted earnings per share $8.87. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$31.5 billion
+65.7% on the year
FY2009FY2016
Operating margin
15.7%
17.4% a year earlier
FY2009FY2016
Net income
$4.1 billion
+45.9% on the year
FY2009FY2016
Diluted EPS
$8.87
+2.9% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
31,469
18,987
19,171
+65.7%
Operating income
4,950
3,296
3,487
+50.2%
Operating margin
15.7%
17.4%
18.2%
Interest expense
605
300
280
+101.7%
Pre-tax income
4,950
3,296
3,487
+50.2%
Income tax
815
462
634
+76.4%
Effective tax rate
16.5%
14.0%
18.2%
Net income
4,135
2,834
2,853
+45.9%
Net margin
13.1%
14.9%
14.9%
Diluted EPS
$8.87
$8.62
$8.42
+2.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
5,292
3,864
4,496
+37.0%
Cash from investing
n/a
-6,294
-2,504
Cash from financing
n/a
3,695
-1,777
Buybacks
n/a
758
1,429
Dividends paid
1,173
862
862
+36.1%
Dividend per share
n/a
$2.66
$2.70
Diluted shares, weighted
466m
329m
339m
+41.7%
Shares outstanding at period end
466m
325m
329m
+43.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
48,275
29,135
29,587
+65.7%
Short-term borrowings
500
0.0
1,150
Debt
12,610
9,389
3,357
+34.3%
Other liabilities
98,401
63,842
64,154
+54.1%
Total liabilities and equity
159,786
102,366
98,248
+56.1%
Fixed assets
1,200
938
n/a
+27.9%
Goodwill
15,332
4,796
4,904
+219.7%
Intangible assets
6,763
887
717
+662.5%
Investments
3,002
10,446
n/a
-71.3%
Securities held for sale or to maturity
n/a
n/a
56,726
Cash and equivalents
985
1,775
655
-44.5%
Other assets
132,504
83,524
35,246
+58.6%
Total assets
159,786
102,366
98,248
+56.1%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.