Chubb (CB) FY2017 results: revenue $32.2 billion, up 2.5% on the year
Chubb Ltd. (CB) reported revenue of $32.2 billion for fiscal 2017, the year ended 31 December 2017, up 2.5% on the year before. Net income was $3.9 billion, down 6.6%, and diluted earnings per share $8.19. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$32.2 billion
+2.5% on the year
FY2010FY2017
Operating margin
11.5%
15.7% a year earlier
FY2010FY2017
Net income
$3.9 billion
-6.6% on the year
FY2010FY2017
Diluted EPS
$8.19
-7.7% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
32,243
31,469
18,987
+2.5%
Operating income
3,722
4,950
3,296
-24.8%
Operating margin
11.5%
15.7%
17.4%
Interest expense
607
605
300
+0.3%
Pre-tax income
3,722
4,950
3,296
-24.8%
Income tax
-139
815
462
Effective tax rate
-3.7%
16.5%
14.0%
Net income
3,861
4,135
2,834
-6.6%
Net margin
12.0%
13.1%
14.9%
Diluted EPS
$8.19
$8.87
$8.62
-7.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
4,503
5,292
3,864
-14.9%
Cash from investing
-2,422
n/a
-6,294
Cash from financing
-2,319
n/a
3,695
Buybacks
801
n/a
758
Dividends paid
1,308
1,173
862
+11.5%
Dividend per share
n/a
n/a
$2.66
Diluted shares, weighted
471m
466m
329m
+1.1%
Shares outstanding at period end
464m
466m
325m
-0.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
51,172
48,275
29,135
+6.0%
Short-term borrowings
1,013
500
0.0
+102.6%
Debt
11,556
12,610
9,389
-8.4%
Other liabilities
103,281
98,401
63,842
+5.0%
Total liabilities and equity
167,022
159,786
102,366
+4.5%
Fixed assets
1,300
1,200
938
+8.3%
Goodwill
15,541
15,332
4,796
+1.4%
Intangible assets
6,513
6,763
887
-3.7%
Investments
3,561
3,002
10,446
+18.6%
Cash and equivalents
728
985
1,775
-26.1%
Other assets
139,379
132,504
83,524
+5.2%
Total assets
167,022
159,786
102,366
+4.5%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.