Schedule II

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

BALANCE SHEETS — PARENT COMPANY ONLY

(in millions)

December 31


	2013			2012
Assets
Invested Assets
Short Term Investments	$	856		$	941
Taxable Fixed Maturities (cost $1,095 and $1,273)		1,110			1,309
Equity Securities (cost $ — and $176)		2			215
Other Invested Assets		—			46

TOTAL INVESTED ASSETS		1,968			2,511
Investment in Consolidated Subsidiaries		17,455			16,900
Other Assets		165			190

TOTAL ASSETS	$	19,588		$	19,601

Liabilities
Long Term Debt	$	3,300		$	3,575
Dividend Payable to Shareholders		110			108
Accrued Expenses and Other Liabilities		81			91

TOTAL LIABILITIES		3,491			3,774

Shareholders’ Equity
Preferred Stock — Authorized 8,000,000 Shares; $1 Par Value; Issued — None		—			—
Common Stock — Authorized 1,200,000,000 Shares; $1 Par Value; Issued 371,980,460 Shares		372			372
Paid-In Surplus		171			178
Retained Earnings		21,902			20,009
Accumulated Other Comprehensive Income		1,035			1,431
Treasury Stock, at Cost — 123,673,969 and 110,217,445 Shares		(7,383	)		(6,163	)

TOTAL SHAREHOLDERS’ EQUITY		16,097			15,827

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	19,588		$	19,601

The condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto.

THE CHUBB CORPORATION

Schedule II

(continued)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

STATEMENTS OF INCOME — PARENT COMPANY ONLY

(in millions)

Years Ended December 31


	2013			2012			2011
Revenues
Investment Income	$	29		$	38		$	46
Other Revenues		6			—			—
Realized Investment Gains (Losses), Net		99			(6	)		9

TOTAL REVENUES		134			32			55

Expenses
Corporate Expenses		262			268			285
Investment Expenses		4			2			3
Other Expenses		8			—			—

TOTAL EXPENSES		274			270			288

Loss before Federal and Foreign Income Tax and Equity in Net Income of Consolidated Subsidiaries		(140	)		(238	)		(233	)

Federal and Foreign Income Tax		—			4			1


Loss before Equity in Net Income of Consolidated Subsidiaries		(140	)		(242	)		(234	)

Equity in Net Income of Consolidated Subsidiaries		2,485			1,787			1,912

NET INCOME		2,345			1,545			1,678
Other Comprehensive Income (Loss), Net of Tax		(396	)		236			405

COMPREHENSIVE INCOME	$	1,949		$	1,781		$	2,083

Chubb and its U.S. subsidiaries file a consolidated federal income tax return. The federal income tax provision represents an allocation under the Corporation’s tax allocation agreements.

The condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto.

THE CHUBB CORPORATION

Schedule II

(continued)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

STATEMENTS OF CASH FLOWS — PARENT COMPANY ONLY

(in millions)

Years Ended December 31


	2013			2012			2011
Cash Flows from Operating Activities
Net Income	$	2,345		$	1,545		$	1,678
Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities
Equity in Net Income of Consolidated Subsidiaries		(2,485	)		(1,787	)		(1,912	)
Realized Investment Losses (Gains), Net		(99	)		6			(9	)
Other, Net		21			57			(28	)

NET CASH USED IN OPERATING ACTIVITIES		(218	)		(179	)		(271	)

Cash Flows from Investing Activities
Proceeds from Fixed Maturities
Sales		227			24			2
Maturities, Calls and Redemptions		150			673			456
Proceeds from Sales of Equity Securities		296			—			9
Purchases of Fixed Maturities		(198	)		(1,046	)		(257	)
Investments in Other Invested Assets, Net		22			—			—
Decrease (Increase) in Short Term Investments, Net		85			89			(219	)
Dividends Received from Consolidated Insurance Subsidiaries		1,564			1,760			2,700
Distributions Received from Consolidated Non-Insurance Subsidiaries		1			1			1
Other, Net		46			1			56

NET CASH PROVIDED BY INVESTING ACTIVITIES		2,193			1,502			2,748

Cash Flows from Financing Activities
Repayment of Long Term Debt		(275	)		—			(400	)
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans		38			74			80
Repurchase of Shares		(1,288	)		(959	)		(1,707	)
Dividends Paid to Shareholders		(450	)		(438	)		(450	)

NET CASH USED IN FINANCING ACTIVITIES		(1,975	)		(1,323	)		(2,477	)

Net Increase in Cash		—			—			—
Cash at Beginning of Year		—			—			—

CASH AT END OF YEAR	$	—		$	—		$	—

The condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto.

In 2013, Chubb exchanged its holdings of common stock and warrants of Alterra Capital Holdings Limited, with a cost basis of $177 million and a carrying value of $63 million, respectively, for common stock of Markel Corporation, valued at $226 million, and cash of $98 million, as a result of a business combination. The noncash portions of the transaction have been excluded from the statement of cash flows.