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Chubb 2010 results

The Chubb Corporation consolidated results year ended 31 December ● US$ mn Category 2006 2007 2008 2009 2010 Gross written premium 13,178.00 13,207.00 12,992.00 12,183.00 12,343.00 Net written premium 11,974.00 11,872.00 11,782.00 11,077.00 11,236.00 Increased NWP % (2.5) (0.9) (0.8) (6.0) 1.4 Retention 90.9 89.9 90.7 90.9 91.0 Net earned premium 11,958.00 11,946.00 11,828.00 11,331.00 11,215.00 Claims incurred 6,574.00 6,299.00 6,898.00 6,268.00 6,499.00 Claims incurred % NEP 55.0 52.7 58.3 55.3 57.9 Operating expenses 3,448.00 3,512.00 3,529.00 3,404.00 3,466.00 Operating expenses % NWP 28.8 29.6 30.0 30.7 30.8 Underwriting result 1,905.00 2,116.00 1,361.00 1,631.00 1,222.00 Underwriting result % NWP 15.9 17.8 11.6 14.7 10.9 Combined ratio 84.2 82.9 88.7 86.0 89.3 Life GWP - - - - - Life NWP - - - - - Life result - - - - - Net investment income 1,546.00 1,703.00 1,700.00 1,610.00 1,630.00 Net realised gains/(losses) 245.00 374.00 (371.00) 23.00 426.00 Pre-tax result 3,525.00 3,937.00 2,407.00 2,962.00 2,988.00 Pre-tax % NWP 29.4 33.2 20.4 26.7 26.6 Net result 2,528.00 2,807.00 1,804.00 2,183.00 2,174.00 Shareholders' funds 13,863.00 14,445.00 13,432.00 15,634.00 15,530.00 Solvency margin 115.8 121.7 114.0 141.1 138.2 Unearned premium reserve 6,546.00 6,599.00 6,367.00 6,153.00 6,189.00 Outstanding claims reserve 19,699.00 20,316.00 20,155.00 20,786.00 20,901.00 Total technical provisions 26,245.00 26,915.00 26,522.00 26,939.00 27,090.00 Technical reserves as % NWP 219.2 226.7 225.1 243.2 241.1 Overall coverage as % NWP 335.0 348.4 339.1 384.3 379.3

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