A Global Leader in P&C Insurance Third Quarter 2018
Third Quarter 2018 “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
Third Quarter 2018 Who We Are • The world’s largest publicly traded property and casualty (P&C) insurer, based on market capitalization of $61.6 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 The leading commercial lines insurer in the U.S. and the largest financial lines writer 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 September 30, 2018 Source: SNL 3
Third Quarter 2018 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 Czech Republic Ireland Panama Sweden Geographic Sources of Premium (YTD)* Australia Denmark Italy Peru Switzerland Bermuda/Canada Austria Ecuador Japan Philippines Taiwan Latin America United 5% Bahrain Egypt Korea Poland States Thailand 7% Asia Belgium Finland Macau Portugal Tunisia 11% Bermuda France Malaysia Puerto Rico Turkey Brazil Germany Mexico Russia United Arab 63% Emirates Canada Gibraltar Netherlands Saudi Arabia 14% 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** $25.2 billion $4.8 billion $3.7 billion $2.7 billion Employees Employees Employees Employees 18,000 3,700 5,600 4,800 Offices Offices Offices Offices 199 95 245 109 * Gross premiums written ** FY 2017 gross premiums written 4
Third Quarter 2018 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)* 2% Global Reinsurance Commercial Property & Personal Lines Casualty Traditional and high-value Agriculture automobile, homeowners, Full range of traditional and Large Corporate specialty products for businesses recreational marine/aviation, 6% Commercial P&C valuables and umbrella liability of all sizes Global A&H 18% coverage; specialty coverage and Life Accident & Health such as mobile phone handset 17% Personal accident, supplemental insurance health and travel accident insurance Reinsurance Middle Market/ Property catastrophe, casualty, Agriculture Small Business A&H and other coverages Crop insurance and farm and 26% Commercial P&C ranch-related agribusiness Personal Lines Life 22% Savings and protection-oriented products 9% Wholesale Specialty Commercial P&C *Net premiums written 5
Third Quarter 2018 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 successful nine nations serving commercial America individuals and families sold by customers with P&C products 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
Third Quarter 2018 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 • 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 • Package • Private Equity • Cyber • Financial Institutions • Political Risk/Trade Credit • Program Business • Directors & Officers • Food Processing/Distribution • Product Liability/Recall • Public Entities • Energy & Power Generation • Global Mergers & Acquisitions • 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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