Chubb Ltd

CB 10-K · FY 2025

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Premiums Written Net 54,842 51,468 +6.6%
Show Business Segments breakouts
Global Reinsurance [Member] 1,309 1,346 -2.7%
Life Insurance [Member] 7,279 6,326 +15.1%
North America Agricultural Insurance [Member] 2,926 2,703 +8.3%
North America Commercial P&C Insurance [Member] 21,280 20,589 +3.4%
North America Personal P&C Insurance [Member] 7,024 6,532 +7.5%
Overseas General Insurance [Member] 15,024 13,972 +7.5%
Increase Decrease In Unearned Premiums Net -1,828 -1,622 -12.7%
Premiums Earned Net 53,014 49,846 +6.4%
Show Product Lines breakouts
Accident And Health Insurance Segment 6,602 6,488 +1.8%
Life Insurance Segment 3,845 3,049 +26.1%
Property Liability And Casualty Insurance Segment 42,567 40,309 +5.6%
Show Business Segments breakouts
Global Reinsurance [Member] 1,353 1,272 +6.4%
Global Reinsurance [Member] · Casualty and all other [Member] 570 550 +3.6%
Global Reinsurance [Member] · Property and other short-tail [Member] 525 490 +7.1%
Global Reinsurance [Member] · Property catastrophe [Member] 258 232 +11.2%
Life Insurance [Member] 7,224 6,273 +15.2%
Life Insurance [Member] · Accident And Health Insurance Segment 3,379 3,224 +4.8%
Life Insurance [Member] · Life Insurance Segment 3,845 3,049 +26.1%
North America Agricultural Insurance [Member] 2,919 2,705 +7.9%
North America Commercial P&C Insurance [Member] 20,381 20,008 +1.9%
North America Commercial P&C Insurance [Member] · Accident And Health Insurance Segment 545 692 -21.2%
North America Commercial P&C Insurance [Member] · Casualty and all other [Member] 14,919 14,560 +2.5%
North America Commercial P&C Insurance [Member] · Property and other short-tail [Member] 4,917 4,756 +3.4%
North America Personal P&C Insurance [Member] 6,763 6,188 +9.3%
North America Personal P&C Insurance [Member] · Automobiles 1,089 968 +12.5%
North America Personal P&C Insurance [Member] · Other Insurance Product Line 1,026 927 +10.7%
North America Personal P&C Insurance [Member] · Personal homeowners [Member] 4,648 4,293 +8.3%
Overseas General Insurance [Member] 14,374 13,400 +7.3%
Overseas General Insurance [Member] · Accident And Health Insurance Segment 2,678 2,572 +4.1%
Overseas General Insurance [Member] · Casualty and all other [Member] 3,809 3,705 +2.8%
Overseas General Insurance [Member] · Personal lines [Member] 3,198 2,785 +14.8%
Overseas General Insurance [Member] · Property and other short-tail [Member] 4,689 4,338 +8.1%
Net Investment Income 6,465 5,930 +9.0%
Realized Investment Gains Losses 211 117 +80.3%
Show Derivative Risk breakouts
Currency Swap · Designated As Hedging Instrument 231 -103 +324.3%
Show Investment Type breakouts
Equity securities, Private equities and other investments 765 920 -16.8%
Other Investments 10 602 -98.3%
Other Investments - Fixed Maturities [Member] -149 275 -154.2%
Private equities 99 124 -20.2%
Market Risk Benefit Change In Fair Value Gain Loss -288 -140 -105.7%
Revenue 59,402 55,753 +6.5%
Show Consolidated Entities breakouts
Parent Company 10,452 9,361 +11.7%
Show Related Party Transaction breakouts
Related Party · BlackRock, Inc. 3 12 -75.0%
Policyholder Benefits And Claims Incurred Net 26,700 26,022 +2.6%
Show Business Segments breakouts
Global Reinsurance [Member] 640 711 -10.0%
Life Insurance [Member] 109 112 -2.7%
North America Agricultural Insurance [Member] 2,239 2,170 +3.2%
North America Commercial P&C Insurance [Member] 12,313 12,737 -3.3%
North America Personal P&C Insurance [Member] 4,517 3,584 +26.0%
Overseas General Insurance [Member] 6,589 6,414 +2.7%
Liability For Future Policy Benefits Period Expense 5,460 4,714 +15.8%
Deferred Policy Acquisition Cost Amortization Expense 9,847 9,102 +8.2%
Show Product Lines breakouts
Accident And Health Insurance Segment · Life Insurance [Member] 238 182 +30.8%
Other Insurance Product Line · Life Insurance [Member] 32 27 +18.5%
Other Longduration Insurance Product Line · Life Insurance [Member] 562 448 +25.4%
Term Life Insurance · Life Insurance [Member] 153 121 +26.4%
Universal Life · Life Insurance [Member] 84 81 +3.7%
Whole Life Insurance · Life Insurance [Member] 55 37 +48.6%
Show Business Segments breakouts
Global Reinsurance [Member] 396 342 +15.8%
Life Insurance [Member] 1,330 1,202 +10.6%
North America Agricultural Insurance [Member] 169 191 -11.5%
North America Commercial P&C Insurance [Member] 2,891 2,718 +6.4%
North America Personal P&C Insurance [Member] 1,337 1,239 +7.9%
Overseas General Insurance [Member] 3,724 3,410 +9.2%
General & Administrative 4,504 4,380 +2.8%
Show Business Segments breakouts
Global Reinsurance [Member] 37 39 -5.1%
Life Insurance [Member] 836 880 -5.0%
North America Agricultural Insurance [Member] -6 -10 +40.0%
North America Commercial P&C Insurance [Member] 1,394 1,337 +4.3%
North America Personal P&C Insurance [Member] 336 351 -4.3%
Overseas General Insurance [Member] 1,435 1,351 +6.2%
Show Consolidated Entities breakouts
Parent Company 82 74 +10.8%
Interest Expense 764 741 +3.1%
Show Equity Components breakouts
Accumulated Foreign Currency Adjustment Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income 29 19 +52.6%
Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income -19 -15 -26.7%
Show Derivative Risk breakouts
Fair Value Hedging 19 15 +26.7%
Other Operating Income Expense Net -1,297 -1,023 -26.8%
Show Business Segments breakouts
Corporate and Other [Member] -676 -490 -38.0%
Life Insurance [Member] -165 -159 -3.8%
North America Agricultural Insurance [Member] 2 1 +100.0%
North America Commercial P&C Insurance [Member] 59 32 +84.4%
North America Personal P&C Insurance [Member] 3 1 +200.0%
Overseas General Insurance [Member] 50 14 +257.1%
Show Related Party Transactions By Related Party breakouts
Aquiline Capital Partners LLC -90 -60 -50.0%
Amortization Of Intangible Assets 301 323 -6.8%
Show Business Segments breakouts
Corporate and Other [Member] 148 163 -9.2%
Life Insurance [Member] 38 42 -9.5%
North America Agricultural Insurance [Member] 24 25 -4.0%
North America Commercial P&C Insurance [Member] 5 3 +66.7%
North America Personal P&C Insurance [Member] 8 9 -11.1%
Overseas General Insurance [Member] 78 81 -3.7%
Business Combination Integration Related Costs 79 39 +102.6%
Benefits Losses And Expenses 46,358 44,298 +4.7%
Show Consolidated Entities breakouts
Parent Company 142 89 +59.6%
Income Before Taxes 13,044 11,455 +13.9%
Income Tax Expense (Benefit) 2,422 1,815 +33.4%
Show Equity Components breakouts
Accumulated Foreign Currency Adjustment Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income -6 -4 -50.0%
Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income -45 25 -280.0%
Accumulated Net Investment Gain Loss Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income 33 92 -64.1%
Show Consolidated Entities breakouts
Parent Company 60 15 +300.0%
Net Income 10,622 9,640 +10.2%
Show Equity Components breakouts
Accumulated Foreign Currency Adjustment Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income 23 15 +53.3%
Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income 167 -93 +279.6%
Accumulated Net Investment Gain Loss Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income -170 -210 +19.0%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income 20 -288 +106.9%
Net Income Loss Attributable To Noncontrolling Interest 312 368 -15.2%
Show Equity Components breakouts
Noncontrolling Interest 312 368 -15.2%
Net Income 10,310 9,272 +11.2%
Show Equity Components breakouts
Retained Earnings 10,310 9,272 +11.2%
Show Consolidated Entities breakouts
Parent Company 10,310 9,272 +11.2%
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax 2,655 -251 +1157.8%
Oci Liability For Future Policy Benefit Gain Loss After Reclassification Adjustment Before Tax 235 -701 +133.5%
Oci Market Risk Benefit Instrument Specific Credit Risk Gain Loss After Adjustments Before Tax -8 7 -214.3%
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax 1,047 -1,177 +189.0%
Other Comprehensive Income Loss Defined Benefit Plan And Other After Reclassification Adjustment Before Tax 49 257 -80.9%
Other Comprehensive Income Loss Before Tax 3,978 -1,865 +313.3%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable To Noncontrolling Interest 185 177 +4.5%
Accumulated Foreign Currency Adjustment Including Portion Attributable To Noncontrolling Interest 1,047 -1,177 +189.0%
Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest -136 80 -270.0%
Accumulated Net Investment Gain Loss Including Portion Attributable To Noncontrolling Interest 2,655 -251 +1157.8%
Aoci Liability For Future Policy Benefit Including Noncontrolling Interest 235 -701 +133.5%
Aoci Market Risk Benefit Instrument Specific Credit Risk Including Noncontrolling Interest -8 7 -214.3%
Other Comprehensive Income Loss Tax -149 -117 -27.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable To Noncontrolling Interest -41 -36 -13.9%
Accumulated Foreign Currency Adjustment Including Portion Attributable To Noncontrolling Interest -20 39 -151.3%
Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest 28 -17 +264.7%
Accumulated Net Investment Gain Loss Including Portion Attributable To Noncontrolling Interest -133 -110 -20.9%
Aoci Liability For Future Policy Benefit Including Noncontrolling Interest 16 8 +100.0%
Aoci Market Risk Benefit Instrument Specific Credit Risk Including Noncontrolling Interest 1 -1 +200.0%
Other Comprehensive Income Loss Net Of Tax 3,829 -1,982 +293.2%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable To Noncontrolling Interest 144 141 +2.1%
Accumulated Foreign Currency Adjustment Attributable To Noncontrolling Interest 137 -58 +336.2%
Accumulated Foreign Currency Adjustment Including Portion Attributable To Noncontrolling Interest 1,027 -1,138 +190.2%
Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest -108 63 -271.4%
Accumulated Net Investment Gain Loss Attributable To Noncontrolling Interest -33 14 -335.7%
Accumulated Net Investment Gain Loss Including Portion Attributable To Noncontrolling Interest 2,522 -361 +798.6%
Accumulated Other Comprehensive Income 3,669 -1,835 +299.9%
Aoci Liability For Future Policy Benefit Including Noncontrolling Interest 251 -693 +136.2%
Aoci Liability For Future Policy Benefit Noncontrolling Interest 56 -103 +154.4%
Aoci Market Risk Benefit Instrument Specific Credit Risk Including Noncontrolling Interest -7 6 -216.7%
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest 14,451 7,658 +88.7%
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest 472 221 +113.6%
Comprehensive Income 13,979 7,437 +88.0%
Show Consolidated Entities breakouts
Parent Company 13,979 7,437 +88.0%
EPS (Basic) 25.93 22.94 +13.0%
EPS (Diluted) 25.68 22.7 +13.1%
Other Non-Operating Income (Expense) 1,297 1,023 +26.8%
Wtd Avg Shares (Basic) 397,611,884 404,189,749 -1.6%
Wtd Avg Shares (Diluted) 401,513,338 408,486,435 -1.7%
Foreign Currency Transaction Gain Loss Before Tax -223 -223 0.0%
Interest Income Expense Net 764 741 +3.1%
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1 26,700 26,022 +2.6%
Show Statement Operating Activities Segment breakouts
Brandywine Run-off [Member] 776

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents (Q)
Show Retirement Plan Type breakouts
Pension Plans Defined Benefit · US 5 3 +66.7%
Show Consolidated Entities breakouts
Parent Company 313 383 -18.3%
Non-Current Assets
Goodwill 20,207 19,579 +3.2%
Show Business Segments breakouts
Global Reinsurance [Member] 371 371 0.0%
Life Insurance [Member] 4,755 4,641 +2.5%
North America Agricultural Insurance [Member] 134 134 0.0%
North America Commercial P&C Insurance [Member] 7,191 7,168 +0.3%
North America Personal P&C Insurance [Member] 2,226 2,218 +0.4%
Overseas General Insurance [Member] 5,530 5,047 +9.6%
Deferred Tax Assets 1,312 1,603 -18.2%
Total Assets 272,327 246,548 +10.5%
Show Consolidated Entities breakouts
Parent Company 74,404 65,166 +14.2%
Property, Plant & Equipment 3.5 3.1 +12.9%
Show Property Plant And Equipment By Type breakouts
Building 364
Software Development 2.2
Operating Lease Right-of-Use Assets 1,025 824 +24.4%
Intangible Assets 2,696 2,900 -7.0%
Other Assets
Other Short Term Investments 4,840 5,142 -5.9%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Fair Value Measurements Recurring 2,657 3,156 -15.8%
Fair Value Inputs Level12 And3 · Fair Value Measurements Recurring 4,840 5,142 -5.9%
Fair Value Inputs Level2 · Fair Value Measurements Recurring 2,138 1,972 +8.4%
Fair Value Inputs Level3 · Fair Value Measurements Recurring 45 14 +221.4%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 105 57 +84.2%
Available For Sale Securities Debt Securities 122,680 110,363 +11.2%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Fair Value Measurements Recurring 1,481 1,765 -16.1%
Fair Value Inputs Level1 · US Treasury And Government 1,481 1,765 -16.1%
Fair Value Inputs Level12 And3 · Corporate Debt Securities 47,886 43,207 +10.8%
Fair Value Inputs Level12 And3 · Fair Value Measurements Recurring 122,680 110,363 +11.2%
Fair Value Inputs Level12 And3 · Foreign Government Debt Securities 40,356 35,838 +12.6%
Fair Value Inputs Level12 And3 · Mortgage Backed Securities 30,724 27,248 +12.8%
Fair Value Inputs Level12 And3 · US Treasury And Government 3,714 4,070 -8.7%
Fair Value Inputs Level2 · Corporate Debt Securities 44,340 40,316 +10.0%
Fair Value Inputs Level2 · Fair Value Measurements Recurring 116,982 105,100 +11.3%
Fair Value Inputs Level2 · Foreign Government Debt Securities 39,685 35,234 +12.6%
Fair Value Inputs Level2 · Mortgage Backed Securities 30,724 27,245 +12.8%
Fair Value Inputs Level2 · US Treasury And Government 2,233 2,305 -3.1%
Fair Value Inputs Level3 · Corporate Debt Securities 3,546 2,891 +22.7%
Fair Value Inputs Level3 · Fair Value Measurements Recurring 4,217 3,498 +20.6%
Fair Value Inputs Level3 · Foreign Government Debt Securities 671 604 +11.1%
Show Financial Instrument breakouts
Corporate Debt Securities 47,886 43,207 +10.8%
Foreign Government Debt Securities 40,356 35,838 +12.6%
Mortgage Backed Securities 30,724 27,248 +12.8%
Reserved alternative investment fund 5.4 5 +8.0%
US Treasury And Government 3,714 4,070 -8.7%
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss 2,411 2,628 -8.3%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level12 And3 · Portion At Other Than Fair Value Fair Value Disclosure 2,445 2,680 -8.8%
Fair Value Inputs Level3 · Portion At Other Than Fair Value Fair Value Disclosure 2,445 2,680 -8.8%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 2,411 2,628 -8.3%
Equity Securities Fv Ni 10,801 9,151 +18.0%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Fair Value Measurements Recurring 5,163 4,053 +27.4%
Fair Value Inputs Level12 And3 · Fair Value Measurements Recurring 5,282 4,173 +26.6%
Fair Value Inputs Level3 · Fair Value Measurements Recurring 119 120 -0.8%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 2,275 1,289 +76.5%
Show Investment Type breakouts
Reserved alternative investment fund 5,519 4,978 +10.9%
Alternative Investment 17,239 14,769 +16.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 22 22 0.0%
Show Investment Type breakouts
Distressed Alternative Investments [Member] 1,226 1,257 -2.5%
Financial [Member] 1,420 1,265 +12.3%
Investment Funds Alternative Investments [Member] 337 240 +40.4%
Investment Funds Limited Partnerships Partially Owned Investment Companies Fair Value [Member] 17,239 14,769 +16.7%
Private Credit Alternative Investments [Member] 299 295 +1.4%
Private Equity Funds 11,990 9,674 +23.9%
Real Estate Funds 1,924 1,974 -2.5%
Vintage Alternative Investments [Member] 43 64 -32.8%
Show Related Party Transactions By Related Party breakouts
All Related Party [Member] 489
Aquiline Capital Partners LLC 489 400 +22.2%
Other Long Term Investments 10,749 8,597 +25.0%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Fair Value Measurements Recurring 630 573 +9.9%
Fair Value Inputs Level12 And3 · Fair Value Measurements Recurring 9,314 7,356 +26.6%
Fair Value Inputs Level2 · Fair Value Measurements Recurring 8,684 6,783 +28.0%
Show Financial Instrument breakouts
Fixed Maturities - Fair Value Option 2.3 1.7 +35.3%
Show Retirement Plan Type breakouts
Pension Plans Defined Benefit · Foreign Plan 253 222 +14.0%
Pension Plans Defined Benefit · Investment Funds Limited Partnerships Partially Owned Investment Companies Fair Value [Member] 223 223 0.0%
Pension Plans Defined Benefit · Investment Funds Limited Partnerships Partially Owned Investment Companies Fair Value [Member] 20 18 +11.1%
Pension Plans Defined Benefit · US 780 714 +9.2%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 5,818 4,538 +28.2%
Show Fair Value By Asset Class breakouts
Other Accounting Method [Member] · Estimate Of Fair Value Fair Value Disclosure 947 873 +8.5%
Other Accounting Method [Member] · Estimate Of Fair Value Fair Value Disclosure 8,091 6,265 +29.1%
Other Accounting Method [Member] · Estimate Of Fair Value Fair Value Disclosure 594 518 +14.7%
Other Accounting Method [Member] · Estimate Of Fair Value Fair Value Disclosure 1,117 941 +18.7%
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 10,749 8,597 +25.0%
Show Investment Type breakouts
Other Investments 1,435 1,241 +15.6%
Other Investments - Fixed Maturities [Member] 5.8 4.6 +26.1%
Investments 168,720 150,650 +12.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,470 2,549 -3.1%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 168 114 +47.4%
Securitieslendingcollateral 2,500 1,445 +73.0%
Accrued Investment Income Receivable 1,305 1,160 +12.5%
Premiums Receivable At Carrying Value 15,944 14,426 +10.5%
Reinsurance Recoverables On Paid And Unpaid Losses 20,338 19,777 +2.8%
Liability For Future Policy Benefit Reinsurance Recoverable After Allowance 286 289 -1.0%
Show Product Lines breakouts
Accident And Health Insurance Segment · Life Insurance [Member] 121 113 +7.1%
Other Insurance Product Line · Life Insurance [Member] 1 1 0.0%
Term Life Insurance · Life Insurance [Member] 106 108 -1.9%
Whole Life Insurance · Life Insurance [Member] 48 47 +2.1%
Show Business Segments breakouts
Life Insurance [Member] 276 269 +2.6%
Deferred Policy Acquisition Costs 10,008 8,358 +19.7%
Show Product Lines breakouts
Accident And Health Insurance Segment · Life Insurance [Member] 2,136 1,681 +27.1%
Other Insurance Product Line · Life Insurance [Member] 392 324 +21.0%
Other Longduration Insurance Product Line 5,800 4,671 +24.2%
Other Longduration Insurance Product Line · Life Insurance [Member] 5,137 4,066 +26.3%
Other Longduration Insurance Product Line · Overseas General Insurance [Member] 663 605 +9.6%
Other Shortduration Insurance Product Line 4,208 3,687 +14.1%
Term Life Insurance · Life Insurance [Member] 567 469 +20.9%
Universal Life · Life Insurance [Member] 746 722 +3.3%
Whole Life Insurance · Life Insurance [Member] 1,296 870 +49.0%
Value Of Business Acquired V O B A 2,975 3,223 -7.7%
Intangible Assets Net Excluding Goodwill 6,241 6,377 -2.1%
Prepaid Reinsurance Premiums 3,874 3,378 +14.7%
Separate Account Assets 6,925 6,231 +11.1%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Fair Value Measurements Recurring 6,858 6,165 +11.2%
Fair Value Inputs Level12 And3 · Fair Value Measurements Recurring 6,925 6,231 +11.1%
Fair Value Inputs Level2 · Fair Value Measurements Recurring 67 66 +1.5%
Show Separate Account Asset Category breakouts
Separate Account Cash And Cash Equivalents 73 234 -68.8%
Separate Account Debt Security 67 66 +1.5%
Separate Account Equity Security 6,785 5,931 +14.4%
Other Assets 9,222 7,503 +22.9%
Show Consolidated Entities breakouts
Parent Company 379 13 +2815.4%
Variable Interest Entity Primary Beneficiary 58 26 +123.1%
Non-Current Liabilities
Accounts Payable And Accrued Liabilities Current And Noncurrent 10,108 10,192 -0.8%
Show Consolidated Entities breakouts
Parent Company 647 868 -25.5%
Deferred Tax Liabilities 1,741 1,584 +9.9%
Long-Term Debt 15,728 14,379 +9.4%
Show Debt Instrument breakouts
INA CNH Term Loan Due April 2028 · Loans 259
INA CNH Term Loan Due July 2028 · Loans 304
INA CNY Bond Due 2030 · Senior Notes 140
INA CNY Bond Due 2035 · Senior Notes 211
INA CNY Bond Due 2055 · Senior Notes 281
INA Senior Notes Due August 2029 [Member] · Unsecured Debt 100 100 0.0%
INA Senior Notes Due August 2029 · Senior Notes 696 695 +0.1%
INA Senior Notes Due August 2035 · Senior Notes 1,241
INA Senior Notes Due December 2029 [Member] · Senior Notes 816 734 +11.2%
INA Senior Notes Due December 2051 [Member] · Senior Notes 594 594 0.0%
INA Senior Notes Due December 2061 [Member] · Senior Notes 985 984 +0.1%
INA Senior Notes Due June 2027 [Member] · Senior Notes 671 604 +11.1%
INA Senior Notes Due June 2031 [Member] · Senior Notes 669 601 +11.3%
INA Senior Notes Due March 2028 [Member] · Senior Notes 1,050 944 +11.2%
INA Senior Notes Due March 2034 · Senior Notes 1,589 1,588 +0.1%
INA Senior Notes Due March 2038 [Member] · Senior Notes 1,045 940 +11.2%
INA Senior Notes Due March 2043 [Member] · Senior Notes 471 471 0.0%
INA Senior Notes Due May 2036 [Member] · Senior Notes 298 298 0.0%
INA Senior Notes Due May 2037 [Member] · Senior Notes 900 909 -1.0%
INA Senior Notes Due May 2038 [Member] · Senior Notes 702 710 -1.1%
INA Senior Notes Due November 2031 [Member] · Unsecured Debt 223 227 -1.8%
INA Senior Notes Due November 2045 [Member] · Senior Notes 1,487 1,487 0.0%
INA Senior Notes Due September 2030 [Member] · Senior Notes 996 995 +0.1%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 15,728 14,379 +9.4%
Total Liabilities 192,548 178,154 +8.1%
Show Consolidated Entities breakouts
Parent Company 647 1,145 -43.5%
Other Liabilities
Liability For Claims And Claims Adjustment Expense 88,018 84,004 +4.8%
Show Statement Operating Activities Segment breakouts
Brandywine Run-off [Member] 1.5 1.6 -6.3%
Unearned Premiums 26,279 23,504 +11.8%
Liability For Future Policy Benefits 18,420 16,121 +14.3%
Show Product Lines breakouts
Accident And Health Insurance Segment · Life Insurance [Member] 4,133 4,263 -3.0%
Other Insurance Product Line · Life Insurance [Member] 735 561 +31.0%
Term Life Insurance · Life Insurance [Member] 1,088 994 +9.5%
Whole Life Insurance · Life Insurance [Member] 10,964 8,862 +23.7%
Show Business Segments breakouts
Life Insurance [Member] 16,920 14,680 +15.3%
Market Risk Benefit Liability Amount 659 607 +8.6%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level12 And3 · Fair Value Measurements Recurring 659 607 +8.6%
Fair Value Inputs Level3 · Fair Value Measurements Recurring 659 607 +8.6%
Policyholder Funds 8,576 8,016 +7.0%
Show Product Lines breakouts
Other Insurance Product Line 2,531 2,354 +7.5%
Other Insurance Product Line · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0001 To0050 59 56 +5.4%
Other Insurance Product Line · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0001 To0050 53 50 +6.0%
Other Insurance Product Line · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0001 To0050 6 6 0.0%
Other Insurance Product Line · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0051 To0150 90 158 -43.0%
Other Insurance Product Line · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0051 To0150 90 158 -43.0%
Other Insurance Product Line · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0151 And Greater 65 2 +3150.0%
Other Insurance Product Line · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0151 And Greater 65 2 +3150.0%
Other Insurance Product Line · Policyholder Account Balance At Guaranteed Minimum Crediting Rate 1,098 995 +10.4%
Other Insurance Product Line · Policyholder Account Balance At Guaranteed Minimum Crediting Rate 1,095 987 +10.9%
Other Insurance Product Line · Policyholder Account Balance At Guaranteed Minimum Crediting Rate 3 8 -62.5%
Other Insurance Product Line · Policyholder account balance, guaranteed minimum credit rating, range from 0000 to 0200 164 174 -5.7%
Other Insurance Product Line · Policyholder account balance, guaranteed minimum credit rating, range from 0201 to 0400 1,148 1,037 +10.7%
Other Insurance Product Line · Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Fixed Rate or No Guarantee [Member] 1,219 1,143 +6.6%
Universal Life 1,899 1,809 +5.0%
Universal Life · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0001 To0050 311 615 -49.4%
Universal Life · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0001 To0050 311 615 -49.4%
Universal Life · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0051 To0150 397 395 +0.5%
Universal Life · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0051 To0150 346 349 -0.9%
Universal Life · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0051 To0150 51 46 +10.9%
Universal Life · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0151 And Greater 198 106 +86.8%
Universal Life · Policyholder Account Balance Above Guaranteed Minimum Crediting Rate Range From0151 And Greater 198 106 +86.8%
Universal Life · Policyholder Account Balance At Guaranteed Minimum Crediting Rate 509 262 +94.3%
Universal Life · Policyholder Account Balance At Guaranteed Minimum Crediting Rate 491 245 +100.4%
Universal Life · Policyholder Account Balance At Guaranteed Minimum Crediting Rate 18 13 +38.5%
Universal Life · Policyholder Account Balance Guaranteed Minimum Crediting Rate Range From0400 And Greater 18 13 +38.5%
Universal Life · Policyholder account balance, guaranteed minimum credit rating, range from 0000 to 0200 249 156 +59.6%
Universal Life · Policyholder account balance, guaranteed minimum credit rating, range from 0201 to 0400 1,148 1,209 -5.0%
Universal Life · Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Fixed Rate or No Guarantee [Member] 484 431 +12.3%
Separate Accounts Liability 6,925 6,231 +11.1%
Reinsurance Payable 8,349 8,121 +2.8%
Show Related Party Transactions By Related Party breakouts
ABR Reinsurance Capital Holdings Ltd. [Member] 110 112 -1.8%
Secured Debt Repurchase Agreements 3,324 2,731 +21.7%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level12 And3 · Portion At Other Than Fair Value Fair Value Disclosure 3,324 2,731 +21.7%
Fair Value Inputs Level2 · Portion At Other Than Fair Value Fair Value Disclosure 3,324 2,731 +21.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 956 815 +17.3%
Variable Interest Entity Primary Beneficiary · Securities Sold Under Agreements To Repurchase 956 815 +17.3%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 3,324 2,731 +21.7%
Show Short Term Debt Type breakouts
Securities Sold Under Agreements To Repurchase 2,368 1,916 +23.6%
Obligation To Return Securities Received As Collateral 2,500 1,445 +73.0%
Short Term Borrowings 1,499 800 +87.4%
Show Debt Instrument breakouts
INA Senior Notes Due May 2026 [Member] · Senior Notes 1,499
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 1,499 800 +87.4%
Other Borrowings 422 419 +0.7%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 422 419 +0.7%
Stockholders' Equity
Common Stock 231 235 -1.7%
Show Consolidated Entities breakouts
Parent Company 231 235 -1.7%
Treasury Stock Value -4,699 -3,524 -33.3%
Show Consolidated Entities breakouts
Parent Company -4,699 -3,524 -33.3%
Additional Paid In Capital Common Stock 13,250 14,393 -7.9%
Show Consolidated Entities breakouts
Parent Company 13,250 14,393 -7.9%
Retained Earnings 69,950 61,561 +13.6%
Show Consolidated Entities breakouts
Parent Company 69,950 61,561 +13.6%
Accumulated Other Comprehensive Income -4,975 -8,644 +42.4%
Show Consolidated Entities breakouts
Parent Company -4,975 -8,644 +42.4%
Total Stockholders' Equity 73,757 64,021 +15.2%
Show Consolidated Entities breakouts
Parent Company 73,757 64,021 +15.2%
Minority Interest 6,022 4,373 +37.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 5,133 3,459 +48.4%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 79,779 68,394 +16.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 582 438 +32.9%
Accumulated Gain Loss Net Cash Flow Hedge Parent -58 50 -216.0%
Accumulated Net Unrealized Investment Gain Loss -1,997 -4,552 +56.1%
Accumulated Other Comprehensive Income -4,975 -8,644 +42.4%
Accumulated Translation Adjustment -3,135 -4,025 +22.1%
Additional Paid In Capital 13,250 14,393 -7.9%
Aoci Liability For Future Policy Benefit Parent -344 -539 +36.2%
Aoci Market Risk Benefit Instrument Specific Credit Risk Parent -23 -16 -43.8%
Common Stock 231 235 -1.7%
Noncontrolling Interest 6,022 4,373 +37.7%
Parent 73,757 64,021 +15.2%
Retained Earnings 69,950 61,561 +13.6%
Treasury Stock Common -4,699 -3,524 -33.3%
Total Liabilities & Equity 272,327 246,548 +10.5%
Show Consolidated Entities breakouts
Parent Company 74,404 65,166 +14.2%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Accretion Amortization Of Discounts And Premiums Investments -409 -367 -11.4%
Present Value Of Future Insurance Profits Amortization Expense1 301 323 -6.8%
Increase Decrease In Deferred Income Taxes 330 96 +243.8%
Income Loss From Equity Method Investments -1,143 -967 -18.2%
Show Consolidated Entities breakouts
Parent Company -10,431 -9,385 -11.1%
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve 2,706 4,567 -40.7%
Increase Decrease In Unearned Premiums 2,098 1,805 +16.2%
Increase Decrease In Future Policy Benefit Reserves 2,186 1,841 +18.7%
Increase Decrease In Reinsurance Payables 131 -105 +224.8%
Increase Decrease In Accounts Payable And Accrued Liabilities 53 342 -84.5%
Increase Decrease In Accrued Income Taxes Payable -160 69 -331.9%
Increase Decrease In Premiums Receivable -1,167 -1,278 +8.7%
Increase Decrease In Reinsurance Recoverable -169 -30 -463.3%
Increase Decrease In Deferred Policy Acquisition Costs -1,566 -1,429 -9.6%
Sales Purchase Of Investments By Consolidated Investment Products -1,090 278 -492.1%
Increase Decrease In Other Operating Capital Net 16 1,374 -98.8%
Net Cash from Operations 12,816 16,182 -20.8%
Show Consolidated Entities breakouts
Parent Company 1,210 1,755 -31.1%
Deferred Income Taxes 337 86 +291.9%
Show Income Tax Authority breakouts
Domestic Country -14 14 -200.0%
Foreign Country 351 72 +387.5%
Investing Activities
Purchases of Investments -34,157 -33,759 -1.2%
Payments To Acquire Equity Securities Fv Ni -2,799 -4,333 +35.4%
Proceeds From Sale Of Available For Sale Securities Debt 12,231 12,815 -4.6%
Proceeds From Sale Of Equity Securities Fv Ni 2,807 2,996 -6.3%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 12,675 10,810 +17.3%
Payments For Proceeds From Short Term Investments 462 -763 +160.6%
Payments For Proceeds From Derivative Instrument Investing Activities -185 -93 -98.9%
Payments To Acquire Limited Partnership Interests -3,014 -1,070 -181.7%
Proceeds From Limited Partnership Investments 1,721 1,397 +23.2%
Payments To Acquire Businesses Net Of Cash Acquired -289 -538 +46.3%
Other Investing Activities -712 -1,412 +49.6%
Net Cash from Investing -11,260 -13,923 +19.1%
Show Consolidated Entities breakouts
Parent Company 4,500 2,000 +125.0%
Financing Activities
Payments Of Dividends Common Stock -1,505 -1,436 -4.8%
Show Consolidated Entities breakouts
Parent Company -1,505 -1,436 -4.8%
Share Repurchases -3,694 -1,801 -105.1%
Show Consolidated Entities breakouts
Parent Company -3,694 -1,801 -105.1%
Proceeds From Issuance Of Long Term Debt 2,424 2,408 +0.7%
Repayments Of Long Term Debt -800 -1,437 +44.3%
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options 327 356 -8.1%
Additions To Contract Holders Funds 853 1,024 -16.7%
Withdrawal From Contract Holders Funds -594 -709 +16.2%
Third Party Capital Invested Into Consolidated Investment Products 2,556 1,614 +58.4%
Third Party Capital Distributed By Consolidated Investment Products -1,753 -1,621 -8.1%
Proceeds From Short Term Debt 6,297 4,505 +39.8%
Repayments Of Short Term Debt -5,693 -4,822 -18.1%
Proceeds From Payments For Other Financing Activities -268 -262 -2.3%
Net Cash from Financing -1,850 -2,181 +15.2%
Show Consolidated Entities breakouts
Parent Company -5,775 -3,455 -67.1%
Tax Withholding for Share Compensation 128 128 0.0%
Supplemental
Interest Paid 650 599 +8.5%
Income Taxes Paid 2,211 1,662 +33.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 215 -150 +243.3%
Show Consolidated Entities breakouts
Parent Company -5 6 -183.3%
Net Change in Cash -79 -72 -9.7%
Show Consolidated Entities breakouts
Parent Company -70 306 -122.9%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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