Chubb Investor Presentation – December 2022

($ in billions of U.S. dollars, except per share amounts and ratios)

Gross Premiums Written

Full-Year Gross Premiums Written

Net Premiums Written

Full-Year Net Premiums Written

P&C Combined Ratio

CAY ex. CATs

P&C Underwriting Income

Adj. Net Investment Income1

Core Operating Income

Full-Year Core Operating Income

Core Operating Earnings per Share

Operating Cash Flow

Shareholders' Equity

Book Value per Share

BVPS ex. Mark-to-Market

Tangible Book Value per Share

TBVPS ex. Mark-to-Market

Invested Assets

Market Capitalization2

Core Operating Retuon Equity

Core Operating Retuon Deployed Capital

Core Operating Retuon Tangible Equity

'19 - '22 Change

31.1% (35.0% C$)

29.3% .

29.8% (34.1% C$)

29.0%

2.4% pts

5.3% pts

56.6%

5.4%

32.1%

43.0%

74.9%

(12.7%)

(4.6%)

18.3%

(13.5%)

23.0%

4.3%

32.7%

1.9% pts

1.0% pts

1.9% pts

Margin Outperformance

• Superior underwriting culture: combined ratio outperforms peers1 over 3, 5 and 10 years by 6, 7 and 8 percentage points, respectively; 2021 and 2022: 88.3% vs. 95.3% for peers
• Efficient organization: 27.6% expense ratio vs. 31.6% for large peers2 from 2018 to 1H2022

Global Product & Distribution Breadth

• Well balanced, global presence, 54 countries and territories, leader in many U.S. and international business segments
• U.S.: P&C and A&H; #1 commercial, specialty, crop, high net worth, corporate and worksite benefits A&H
• International: significant presence; Europe (P&C, A&H), Asia and Latin America (P&C, A&H, Life); P&C commercial and consumer
• Broad scope: multiple customer segments across commercial and consumer; distribution across brokerage, agency, direct

Performance Culture

• Integrated global command and control management and governance
• Ambitious, disciplined and execution-oriented
• Talent development a priority
• 500+ hires into Chubb early career program/year
• Growth company, builder's ethos - organic and M&A

Scale & Financial Strength3

• $63B total capital
• Highly ratings - "AA" S&P and "A++" AM Best
• $112B invested assets - $1B+ investment income per quarter, growing, adding earnings power

Strong Competitive Global Profile

• Scale, global presence like few others
• Operating, technology and digital capabilities
• Skills and organization - agility to capitalize where opportunities appear
• Carefully constructed portfolio: product mix, territory, customer

Strategic Optionality

• Scope, scale and presence
• Earning power, growth opportunities, attractive returns
• Clarity of purpose, direction

Stability of Leadership

• Led by underwriters - insurance is a risk business
• Stability, depth and vitality:
• • Senior leaders have decades of industry experience, decades with Chubb
  • Next level has 17 years of industry experience, 10 years with Chubb, 40s average age
  • Women have direct P&L responsibility for 40%+ of Chubb's premium revenue

Exceptional Service & Brand

• Fortune Most Admired Company 5th consecutive year

Digital Vision and Strategy

• Transform our entire company into a digital enterprise
• Digital Business: Sell and service the way customers want or expect

Market Capitalization ($B)

Global Market Cap Growth & Rank

Net Written Premiums by Segment

• 10 distinct segments, each with at least $1B of premium

NPW by Region

• Over 40% of our business is outside the US

LatAm

6%

APAC

19%

2022PF: $44.7B1

Global E&S

12%

$5B

N.A. Mid &

Small Comm.

16%

Int'l Mid &

Small Comm.

8%

#1 U.S.

commercial lines ($19B)

$11B Mid & Small Commercial

• $7B U.S. (#3 mid- market insurer)
• $4B International

2022PF: $44.7B1

Significant U.S. E&S writer and Lloyd's presence