A Global Leader in P&C Insurance First Quarter 2016
First Quarter 2016 “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 2
First Quarter 2016 Who We Are • The world’s largest publicly traded property and casualty (P&C) insurer, based on market capitalization of $55.3 billion.* • A truly global company, with local operations in 54 countries and territories. • Insurance is our only business. • Well balanced by product and customer: A global leader in traditional and specialty P&C coverage for industrial commercial and mid-market companies A leading commercial lines insurer in the U.S. and the largest financial lines writer globally The leader in U.S. high net worth personal lines 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 the New 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 A.M. Best. *At March 31, 2016 2016 pro forma results in this presentation include results of the combined company for the first 14 days of January. (The Chubb Corporation acquisition closed 1/14/16.) 3
First Quarter 2016 Global Reach • Chubb has an extensive local presence globally, with insurance professionals and operating subsidiaries in 54 countries. • Over 40% of the company’s business is transacted outside the United States . Argentina Czech Republic Ireland Panama Sweden Geographic Sources of Premium (YTD)* Australia Denmark Italy Peru Switzerland Bermuda/Canada Austria Ecuador Japan Philippines Taiwan Latin America Bahrain Egypt Korea Poland Thailand Asia Belgium Finland Macao Portugal Tunisia Bermuda France Malaysia Puerto Rico Turkey Brazil Germany Mexico Russia United Arab Emirates United States Canada Gibraltar Netherlands Saudi Arabia Europe/ United Kingdom Chile Hong Kong New Zealand Singapore Eurasia & Africa United States China Hungary Norway South Africa Vietnam Colombia Indonesia Pakistan Spain North America Europe/Eurasia & Africa Asia Latin America Premiums** Premiums** Premiums** Premiums** $25.5 billion $5.4 billion $3.5 billion $3.0 billion Employees Employees Employees Employees 17,675 3,832 5,322 4,593 Offices Offices Offices Offices 268 87 144 122 * 2016 pro forma net premiums written inclusive of the first 14 days prior to the acquisition **2015 pro forma combined ACE and Chubb gross premiums written 4
First Quarter 2016 Product Breadth • Chubb has one of the largest product portfolios in the global insurance industry. 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 Premium Distribution by Product (YTD)* Commercial Property & Personal Lines Agriculture 1% Global Reinsurance Casualty Traditional and high-value automobile, homeowners, Full range of traditional and Large Corporate specialty products for businesses recreational marine/aviation, Commercial P&C valuables and umbrella liability of all sizes Global A&H coverage; specialty coverage and Life Accident & Health 18% such as mobile phone handset Personal accident, supplemental insurance health and travel accident insurance Reinsurance Property catastrophe, casualty, Agriculture A&H and other coverages Middle Market/ Crop insurance and farm and Small Business ranch-related agribusiness Life Commercial P&C Savings and protection-oriented Personal Lines products Wholesale Specialty Commercial P&C *2016 pro forma net premiums written inclusive of the first 14 days prior to the acquisition 5
First Quarter 2016 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 other channels. North America Overseas General Major Accounts Westchester Eurasia & Africa: Operations International Commercial P&C insurance Commercial P&C excess and in nine countries serving Commercial P&C, A&H, and products for the large corporate surplus lines sold through traditional and specialty personal commercial customers with P&C market sold by retail brokers wholesale brokers lines sold by retail brokers, agents products and consumers through A&H and personal lines and other channels in five regions: Commercial Insurance Chubb Bermuda Commercial P&C insurance Liability, property, political risk Europe: Operations in the U.K. Chubb Global Markets products for middle market coverages and captive programs and 18 other countries Commercial P&C excess and companies sold by independent sold by large international brokers comprised of P&C commercial surplus lines and A&H sold by agents and retail brokers lines and consumer lines, wholesale brokers in the London Agriculture including A&H and specialty market and through Lloyd’s Small Commercial Crop insurance from Rain and personal lines P&C insurance products for small Hail and farm and other P&C commercial clients sold by coverages, sold by agents and Asia Pacific: Operations in 14 Life independent agents and retail brokers countries – six with both life brokers and non-life operations – Chubb Life Combined Insurance serving commercial customers Protection and savings products Personal Risk Services Personal accident and and consumers with P&C, A&H sold by agents, brokers, supplemental health insurance Personal insurance products and and personal lines telemarketing, bancassurance, services, including home, auto, coverages sold by captive agents mobilassurance and other valuables, umbrella and recreational Latin America: Operations in channels in Asia and Latin marine insurance, for high net nine nations serving commercial America worth individuals and families sold customers with P&C products by independent agents and brokers and consumers through A&H and personal lines Reinsurance Far East: Operations in Japan serving commercial customers Chubb Tempest Re P&C reinsurance sold worldwide with P&C products and by reinsurance brokers consumers through A&H and personal lines 6
First Quarter 2016 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. Products and Industry Practices Commercial Coverages Industry Practices • Fiduciary Liability • Manufacturing • Agriculture • Advanced Manufacturing • Financial Lines • Marine Operations • Aviation/Aerospace • Clean Tech • Foreign Casualty • Media/Entertainment • Builders Risk • Construction • General Liability • Multinational • Commercial Auto • Cultural Institutions • Kidnap & Ransom • Not-for-Profit Organizations • Contract Liability • Educational Institutions • Management Liability • Professional Services Firms • Construction/Wrap-Ups • Energy • Marine — Inland/Ocean • Private Companies • Crime and Fidelity • Federal Government • Media Liability • Program Business • Cyber Contractors • Medical Risk • Public Entities • Directors & Officers • Financial Institutions • Mergers & Acquisitions • Real Estate • Energy & Power Generation • Food Processing/Distribution • Political Risk/Trade Credit • Technology • Employment Practices Liability • Global Mergers & Acquisitions • Product Liability/Recall • Transportation • Environmental • Healthcare • Property • Wineries • Equipment Breakdown • Healthcare Information • Railroad Liability Technology • Errors & Omissions • Surety • Law Firms • Events Liability • Workers Compensation • Life Sciences • Excess/Umbrella • Workplace Violence Expense 7
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