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|Chubb Limited Reports Legacy ACE Operating Income of|
$780 Million for the Fourth Quarter and $3.2 Billion for the Year; Full-Year Per Share Operating Income of $9.76 versus $9.79 Prior Year; Operating ROE of 11.1% and 11.5% for the Quarter and Year, Respectively; Record Full-Year P&C Combined Ratio and Underwriting Income; Integration Planning and Execution On Track
|||Global P&C net premiums written down 2% for the quarter, or up 4.9% in constant dollars; global P&C net premiums written up 1.2% for the year, or 7.7% in constant dollars|
|||Record full-year P&C combined ratio of 87.4% versus 87.7% prior year. Record P&C underwriting income up 1.7% for the year to $1.93 billion, or 8% in constant dollars|
|||Net investment income of $2.2 billion for the year, down 2.6%, or less than one percent in constant dollars, driven by full-year operating cash flow of $3.9 billion|
|||Unfavorable foreign currency movement negatively impacted operating income by $34 million, or $0.11 per share, for the quarter, and $119 million, or $0.36 per share, for the year. Adjusting for foreign exchange, full-year operating income per share up 3.5%|
|||Acquisition of The Chubb Corporation for $29.5 billion completed on January 14, 2016. Company now executing detailed integration roadmap globally; integration plans on track including expense and growth-related initiatives|
|The discussion of Chubb Limited represents Legacy ACE Limited(1) results for fourth quarter and full year 2015 on a standalone basis and does not include the results of Legacy Chubb Corporation,(2) which are presented starting on page 13.|
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The following information was filed by Chubb Ltd (CB) on Tuesday, January 26, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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