Chubb (CB) FY2018 results: revenue $32.7 billion, up 1.5% on the year
Chubb Ltd. (CB) reported revenue of $32.7 billion for fiscal 2018, the year ended 31 December 2018, up 1.5% on the year before. Net income was $4.0 billion, up 2.6%, and diluted earnings per share $8.49. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$32.7 billion
+1.5% on the year
FY2011FY2018
Operating margin
14.2%
11.5% a year earlier
FY2011FY2018
Net income
$4.0 billion
+2.6% on the year
FY2011FY2018
Diluted EPS
$8.49
+3.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
32,717
32,243
31,469
+1.5%
Operating income
4,657
3,722
4,950
+25.1%
Operating margin
14.2%
11.5%
15.7%
Interest expense
641
607
605
+5.6%
Pre-tax income
4,657
3,722
4,950
+25.1%
Income tax
695
-139
815
Effective tax rate
14.9%
-3.7%
16.5%
Net income
3,962
3,861
4,135
+2.6%
Net margin
12.1%
12.0%
13.1%
Diluted EPS
$8.49
$8.19
$8.87
+3.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
5,480
4,503
5,292
+21.7%
Cash from investing
-2,935
-2,422
n/a
Cash from financing
-1,991
-2,319
n/a
Buybacks
1,044
801
n/a
+30.3%
Dividends paid
1,337
1,308
1,173
+2.2%
Diluted shares, weighted
467m
471m
466m
-0.9%
Shares outstanding at period end
459m
464m
466m
-1.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
50,312
51,172
48,275
-1.7%
Short-term borrowings
509
1,013
500
-49.8%
Debt
12,087
11,556
12,610
+4.6%
Other liabilities
104,863
103,281
98,401
+1.5%
Total liabilities and equity
167,771
167,022
159,786
+0.4%
Fixed assets
1,700
1,300
1,200
+30.8%
Goodwill
15,271
15,541
15,332
-1.7%
Intangible assets
6,143
6,513
6,763
-5.7%
Investments
3,016
3,561
3,002
-15.3%
Cash and equivalents
1,247
728
985
+71.3%
Other assets
140,394
139,379
132,504
+0.7%
Total assets
167,771
167,022
159,786
+0.4%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.