Chubb Corporate Presentation – First Quarter 2024
A Global Leader in
First Quarter 2024
"The Chubb name carries our promise of superior service, underwriting and execution. Our unique combination
of people, products and places positions us to meet the
needs of clients no matter where they are in the world."
Evan Greenberg , Chairman & CEO
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First Quarter 2024 
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Who We Are
- A world leader in insurance with a market capitalization of
$105.2 billion .* - A truly global company, with local operations in 54 countries and territories.
- Insurance is our only business.
- Well balanced by product and customer:
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- A global leader in traditional and specialty P&C coverage for businesses of all sizes
- The largest commercial lines insurer in the
U.S. and one of the largest financial lines writers globally - The leading personal lines insurer for America's successful individuals and families and a large personal lines provider globally
- A global leader in personal accident and supplemental health insurance
- A P&C reinsurer
- An international life insurer focused on
Asia
Chubb Limited , the parent company of Chubb, is listed on theNew York Stock Exchange (NYSE:CB) and is a component of the S&P 500 index.- Exceptional financial strength, managing risk conservatively in both underwriting and investing.
- Core operating insurance companies are rated "AA" for financial strength by S&P and "A++" by AM Best.
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*At |
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First Quarter 2024 |
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Global Reach
- Chubb has an extensive local presence globally, with insurance professionals and operating subsidiaries in 54 countries and territories.
- 48% of the company's business is transacted outside
the United States .
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Geographic Sources of Premium* |
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Macau SAR |
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7% 5% |
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Middle |
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East & |
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17% |
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Hong Kong SAR |
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19% |
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United
States
52%
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Premiums** |
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billion |
Premiums** |
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Premiums** |
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Premiums** |
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Employees |
16,600 |
Employees |
4,300 |
Employees |
15,800 |
Employees |
5,300 |
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Offices |
140 |
Offices |
61 |
Offices |
224 |
Offices |
75 |
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*Q1 |
2024 gross premiums written |
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**FY |
2023 gross premiums written |
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First Quarter 2024 |
4 |
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Product Breadth
- Chubb has one of the largest product portfolios in the global insurance industry.
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- More than 200 distinct commercial insurance and reinsurance products and services
- Specialty coverages for clients ranging from multinational corporations, middle market companies and small businesses to consumers
Products and Services
Commercial Property &
Casualty
Full range of traditional and specialty products for businesses of all sizes
Accident & Health
Personal accident, supplemental health and travel accident insurance
Agriculture
Crop insurance and farm and ranch-related agribusiness
Personal Lines Traditional andhigh-valueautomobile, homeowners, recreational marine/aviation, valuables and umbrella liability coverage; specialty coverage such as mobile phone handset insurance
Reinsurance
Property catastrophe, casualty, A&H and other coverages
Life
Life, health and savings-oriented products and services
Premium Distribution by Product*
Agriculture 2% 3% Global Reinsurance
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Large Corporate |
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Global A&H |
Commercial P&C |
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19% |
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and Life |
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20% |
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19% |
26% |
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Personal |
Middle Market/ |
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Lines |
11% |
Small Commercial |
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P&C |
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Wholesale Specialty |
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Commercial P&C |
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*Q1 2024 net premiums written |
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First Quarter 2024 |
5 |
Business Units with Extensive Distribution Capabilities
- Chubb's insurance products are distributed through retail and wholesale brokers, independent and captive agents, bancassurance, mobilassurance, direct marketing and direct-to-consumer platform partnerships.
Major Accounts
Commercial P&C insurance products for the large corporate market sold by retail brokers
Middle Market Commercial P&C insurance products for middle market companies sold by independent agents and retail brokers
Small Business
P&C insurance products for small commercial clients sold by independent agents and retail brokers
Westchester
Commercial P&C excess and surplus lines sold through wholesale brokers
Chubb Bermuda
Liability, property, political risk coverages and captive programs sold by large international brokers
Agriculture
Crop insurance from
A leading North American provider of supplemental insurance sold by agents and brokers to employers, employees at the worksite and directly to individuals
Overseas General
International
Commercial P&C, A&H and traditional and specialty personal lines sold by retail brokers, agents and other channels in four regions:
Operations in 27 countries, including the
Chubb Global Markets
Commercial P&C excess and surplus lines sold by wholesale brokers in the
Life
Life, health and savings-oriented insurance products sold by captive agents, independent financial advisors, retailers, banks, and direct marketing channels, including telemarketing and digital, primarily in
In mainland
Reinsurance
First Quarter 2024
Far East: Operations in
P&C reinsurance sold worldwide by
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reinsurance brokers |
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Commercial Property & Casualty
- For large corporations and multinationals, Chubb's underwriting, claims and risk engineering professionals have the underwriting expertise, risk appetite and global network to tailor insurance coverage and services to help clients reduce risk and mitigate loss.
- For middle market businesses, Chubb delivers a broad range of high-quality customized and packaged products and services.
- For small businesses, coverage includes packaged and customized solutions to meet specific needs.
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Products and Industry Practices |
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Commercial Coverages |
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• Agriculture |
• General Liability |
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• Aviation/Aerospace |
• Group Personal Excess Liability |
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• Business Owners Policy (BOP) |
• Kidnap & Ransom |
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• Builders Risk |
• Management Liability |
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• Commercial Auto |
• Marine - Inland/Ocean |
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• Contract Liability |
• Media Liability |
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• Construction/Wrap-Ups |
• Medical Risk |
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• Crime and Fidelity |
• Mergers & Acquisitions |
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• Cyber |
• Package |
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• Directors & Officers |
• Political Risk/ |
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• Energy & Power Generation |
• Product Liability/Recall |
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• Employment Practices Liability |
• Property |
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• Environmental |
• Railroad Liability |
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• Equipment Breakdown |
• Professional Liability |
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• Events Liability |
• Specialty Casualty |
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• Excess/Umbrella |
• Surety |
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• Fiduciary Liability |
• Transactional Risk |
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• Financial Lines |
• Workers' Compensation |
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• Foreign Casualty |
• Workplace Violence Expense |
Industry Practices
- Advanced Manufacturing
- Clean Tech
- Construction
- Cultural Institutions
- Educational Institutions
- Energy
- Federal Government Contractors
- Financial Institutions
- Food Processing/Distribution
Global Mergers & Acquisitions - Healthcare
- Healthcare Information Technology
- Law Firms
- Life Sciences
- Manufacturing
- Marine Operations
- Media/Entertainment
- Mergers & Acquisitions
- Multinational
- Not-for-ProfitOrganizations
- Professional Services Firms
- Private Companies
- Private Equity
- Program Business
- Public Entities
Real Estate & Hospitality - Technology
- Transportation
- Wineries
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First Quarter 2024 |
7 |
Accident & Health
- Chubb works with distribution partner organizations worldwide to offer affordable personal accident and supplemental health insurance products to employees, members and customers.
- Products include employee benefits, special insurance offered through affinity marketing programs, associations and agents, as well as in the commercial market for group coverage.
Products
- Personal accident (individual and group)
- Supplemental health and disability(hospital income, critical illness, cancer, disability)
- Travel insurance (business, scholastic and leisure)
- Participant accident
- Global medical
- Employee benefits
- Payment protection (life, disability, unemployment)
Sponsoring partners
- Employers
- Financial institutions
- Colleges, universities and other learning institutions
- K-12schools, sports organizations, camps, recreational groups, non-profits, charitable and civic organizations
- Affinity groups (associations, labor unions, etc.)
- Cruise lines, travel agencies and tour operators
- Industries (retailers, utilities, telecommunications companies, etc.)
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First Quarter 2024 |
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- Chubb is the premier provider of high-value automobile, homeowners, recreational marine/aviation, valuables and umbrella liability coverage, with exceptional claims service, for successful individuals and families in the
U.S. ,Canada and select international markets including theU.K. ,Ireland ,Australia ,France ,Singapore andthe Netherlands . - Chubb's international personal lines division provides a broad range of traditional and specialty insurance products to targeted customer segments in emerging and developed markets.
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Products |
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Homeowners |
Automobile |
Recreational Marine |
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• Fire/water damage |
• Collision/damage |
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• Contents |
• Theft/vandalism |
Valuables - Jewelry, Art and Antiques |
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• Theft |
• Liability |
Collector Car |
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• Debris removal |
• Military personnel |
Umbrella Liability |
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• Storm damage |
• Medical expenses |
Mobile Technology |
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• Liability |
• Property damage |
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• Living expenses |
• Tourist policies |
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• Towing expenses |
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First Quarter 2024 |
9 |
Life Insurance
Chubb Life is an international life insurer, primarily focused onAsia and also operating acrossLatin America , that offers life, health and savings-oriented insurance products and services to individuals and groups.Chubb Life serves the needs of consumers through a variety of distribution channels, including captive agents, independent financial advisors, retailers, banks and direct marketing capabilities, both telemarketing and digital.- Operations in nine
Asia-Pacific markets:Korea (operating as LINA), mainlandChina , Hong Kong SAR andTaiwan inNorth Asia ;Vietnam ,Thailand ,Indonesia andMyanmar inSoutheast Asia ; andNew Zealand . - In mainland
China , the company has majority ownership ofHuatai Life , a fast-growing life insurer in the second-largest insurance market in the world.
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Products |
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Protection products |
Savings-oriented products |
Riders |
Group life |
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• Term life |
• Universal life |
• Personal accident |
Group medical |
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• Whole life |
• Variable/unit-linked |
• Disability |
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• Credit/mortgage life |
• Endowments |
• In-hospital and surgical cash |
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• Annuities |
• Critical illness/cancer |
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• Waiver of premium |
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First Quarter 2024 |
10 |
Attachments
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