Chubb (CB) FY2023 results: revenue $49.7 billion, up 15.2% on the year
Chubb Ltd. (CB) reported revenue of $49.7 billion for fiscal 2023, the year ended 31 December 2023, up 15.2% on the year before. Net income was $9.0 billion, up 72.1%, and diluted earnings per share $21.80. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$49.7 billion
+15.2% on the year
FY2016FY2023
Operating margin
19.2%
15.2% a year earlier
FY2016FY2023
Net income
$9.0 billion
+72.1% on the year
FY2016FY2023
Diluted EPS
$21.80
+75.9% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
12,632
11,243
11,149
+12.4%
Cash from investing
-7,648
-5,654
-6,659
Cash from financing
-4,489
-5,142
-4,409
Buybacks
2,411
2,894
4,861
-16.7%
Dividends paid
1,394
1,375
1,401
+1.4%
Dividend per share
$3.41
$3.29
n/a
+3.6%
Diluted shares, weighted
414m
424m
443m
-2.2%
Shares outstanding at period end
405m
415m
427m
-2.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
59,507
50,540
58,328
+17.7%
Non-controlling interest
4,184
0.0
n/a
Short-term borrowings
1,460
475
999
+207.4%
Debt
13,035
14,402
15,169
-9.5%
Other liabilities
152,496
133,727
125,558
+14.0%
Total liabilities and equity
230,682
199,144
200,054
+15.8%
Fixed assets
2,900
2,400
2,000
+20.8%
Goodwill
19,686
16,228
15,213
+21.3%
Intangible assets
6,775
5,441
5,455
+24.5%
Securities held for sale or to maturity
106,571
94,102
103,261
+13.3%
Loans
2,553
0.0
n/a
Cash and equivalents
2,621
2,012
1,659
+30.3%
Other assets
89,576
78,961
72,466
+13.4%
Total assets
230,682
199,144
200,054
+15.8%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.