Schedule II (CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY) (Table)

12 Months Ended

Dec. 31, 2023

BALANCE SHEETS (Parent Company Only)


			As Adjusted
	December 31		December 31
(in millions of U.S. dollars)	2023		2022
Assets
Investments in subsidiaries and affiliates on equity basis	$	59,952	$	50,372
Total investments	59,952		50,372
Cash	77		40
Due from subsidiaries and affiliates, net	717		959
Other assets	12		16
Total assets	$	60,758	$	51,387
Liabilities

Affiliated notional cash pooling programs	$	594	$	252
Accounts payable, accrued expenses, and other liabilities	657		616
Total liabilities	1,251		868
Shareholders' equity
Common Shares	241		10,346
Common Shares in treasury	(4,400)		(5,113)
Additional paid-in capital	15,665		7,166
Retained earnings	54,810		48,305
Accumulated other comprehensive income (loss)	(6,809)		(10,185)
Total Chubb shareholders' equity	59,507		50,519
Total liabilities and shareholders' equity	$	60,758	$	51,387

The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.

STATEMENTS OF OPERATIONS (Parent Company Only)


For the years ended December 31, 2023, 2022, and 2021			As Adjusted
(in millions of U.S. dollars)	2023		2022		2021
Revenues
Net investment income (loss) (1)	$	(21)	$	83	$	96
Equity in net income of subsidiaries and affiliates	9,065		5,256		8,500
Total revenues	9,044		5,339		8,596
Expenses
Administrative and other (income) expense	72		65		56
Cigna integration expenses	—		10		—
Income tax (benefit) expense	(56)		18		15
Total expenses	16		93		71
Net income attributable to Chubb	$	9,028	$	5,246	$	8,525
Comprehensive income (loss) attributable to Chubb	$	12,404	$	(3,865)	$	6,384

(1) Includes net investment income, interest income, and net realized gains (losses).

The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.

STATEMENTS OF CASH FLOWS (Parent Company Only)


For the years ended December 31, 2023, 2022, and 2021			As Adjusted
(in millions of U.S. dollars)	2023		2022		2021
Net cash flows from operating activities (1)	$	3,273	$	7,831	$	4,167
Cash flows from investing activities
Capital contribution	—		(4,046)		—

Net cash flows used for investing activities	—		(4,046)		—
Cash flows from financing activities
Dividends paid on Common Shares	(1,394)		(1,375)		(1,401)
Common Shares repurchased	(2,411)		(2,894)		(4,861)
Repayment of intercompany loans	231		279		2,003
Net proceeds from affiliated notional cash pooling programs (2)	342		245		8
Net cash flows used for financing activities	(3,232)		(3,745)		(4,251)
Effect of foreign currency rate changes on cash	(4)		(1)		1
Net increase (decrease) in cash	37		39		(83)
Cash – beginning of year	40		1		84
Cash – end of year	$	77	$	40	$	1

(1) Includes cash dividends received from subsidiaries of $3.3 billion, $7.7 billion, and $3.7 billion in 2023, 2022, and 2021, respectively.

(2) Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 i) for additional information.

The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.