A Global Leader in P&C Insurance Fourth Quarter 2019
Fourth Quarter 2019 “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
Fourth Quarter 2019 Who We Are • The world’s largest publicly traded property and casualty (P&C) insurer, based on market capitalization of $70.4 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 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 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 December 31, 2019 Source: SNL 3
Fourth Quarter 2019 Global Reach • Chubb has an extensive local presence globally, with insurance professionals and operating subsidiaries in 54 countries and territories. • Nearly 40 percent of the company’s business is transacted outside the United States. Argentina Denmark Italy Panama Sweden Geographic Sources of Prem ium * Australia Ecuador Japan Peru Switzerland Bermuda/ Canada Austria Egypt Korea Philippines Taiwan Latin America United 6% Belgium Finland Macau SAR Poland States Thailand 7% Bermuda France Malaysia Portugal Tunisia Asia 11% Brazil Germany Mexico Puerto Rico Turkey Canada Gibraltar Myanmar Russia United Arab 63% Emirates Chile Hong Kong SAR Netherlands Saudi Arabia 13% Europe/ United Kingdom China Hungary New Zealand Singapore Eurasia & Africa United States Colombia Indonesia Norway South Africa Vietnam Czech Republic Ireland Pakistan Spain North Am erica Europe/ Eurasia & Africa Asia Latin Am erica $27.5 billion $5.3 billion $4.3 billion $3.0 billion Premiums* Premiums* Premiums* Premiums* 17,800 3,800 6,300 5,100 Employees Employees Employees Employees 194 93 243 112 Offices Offices Offices Offices * FY 2019 gross premiums written 4
Fourth Quarter 2019 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 Prem ium Distribution by Product* Com m ercial Property & Personal Lines 2% Global Reinsurance Casualty Traditional and high-value Agriculture automobile, homeowners, Full range of traditional and Large Corporate 5% specialty products for businesses recreational marine/ aviation, Commercial P&C valuables and umbrella liability of all sizes Global A&H 19% coverage; specialty coverage and Life Accident & Health 17% such as mobile phone handset Personal accident, supplemental insurance health and travel accident insurance Reinsurance Middle Market/ Property catastrophe, casualty, Agriculture Small Commercial A&H and other coverages Crop insurance and farm and 26% P&C ranch-related agribusiness Personal Lines 21% Life Savings and protection-oriented products 10% Wholesale Specialty Commercial P&C *FY 2019 net premiums written 5
Fourth Quarter 2019 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. North Am erica Overseas General Major Accounts Westchester International Eurasia & Africa: Operations Commercial P&C insurance Commercial P&C excess and Commercial P&C, A&H, and in eight countries serving commercial customers with P&C products for the large corporate surplus lines sold through traditional and specialty personal wholesale brokers products and consumers market sold by retail brokers lines sold by retail brokers, agents through A&H and personal lines and other channels in five regions: Middle Market Chubb Berm uda 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 Sm all Business 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 Com bined 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, Personal insurance products and supplemental health insurance and personal lines telemarketing, bancassurance, services, including home, auto, coverages sold by captive agents mobilassurance and other valuables, umbrella and recreational Latin Am erica: Operations in channels in Asia. marine insurance, for successful nine countries serving individuals and families sold by commercial customers with P&C independent agents and brokers products and consumers through A&H and personal lines Reinsurance Far East: Operations in Japan Chubb Tem pest Re serving commercial customers P&C reinsurance sold worldwide with P&C products and consumers through A&H and by reinsurance brokers personal lines 6
Fourth Quarter 2019 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 Com m ercial Coverages Industry Practices • General Liability • Manufacturing • Agriculture • Advanced Manufacturing • Group Personal Excess Liability • Marine Operations • Aviation/ Aerospace • Clean Tech • Kidnap & Ransom • Media/ Entertainment • Business Owners Policy (BOP) • Construction • Management Liability • Mergers & Acquisitions • Builders Risk • Cultural Institutions • Marine —Inland/ Ocean • Multinational • Commercial Auto • Educational Institutions • Media Liability • Not-for-Profit Organizations • Contract Liability • Energy • Medical Risk • Professional Services Firms • Construction/ Wrap-Ups • Federal Government • Mergers & Acquisitions • Private Companies • Crime and Fidelity Contractors • Private Equity • Package • Cyber • Financial Institutions • Political Risk/ Trade Credit • Program Business • Directors & Officers • Food Processing/ Distribution • Product Liability/ Recall • Public Entities • Global Mergers & Acquisitions • Energy & Power Generation • Property • Real Estate & Hospitality • Employment Practices Liability • Healthcare • Railroad Liability • Technology • Environmental • Healthcare Information • Professional Liability • Transportation Technology • Equipment Breakdown • Specialty Casualty • Wineries • Law Firms • Events Liability • Surety • Life Sciences • Excess/ Umbrella • Transactional Risk • Fiduciary Liability • Workers’ Compensation • Financial Lines • Workplace Violence Expense • Foreign Casualty 7
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