Schedule II

12 Months Ended

Dec. 31, 2024

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

BALANCE SHEETS (Parent Company Only)


	December 31		December 31
(in millions of U.S. dollars)	2024		2023
Assets
Investments in subsidiaries and affiliates on equity basis	$	64,141	$	59,952
Total investments	64,141		59,952
Cash	383		77
Due from subsidiaries and affiliates, net	629		717
Other assets	13		12
Total assets	$	65,166	$	60,758
Liabilities

Affiliated notional cash pooling programs	$	277	$	594
Accounts payable, accrued expenses, and other liabilities	868		657
Total liabilities	1,145		1,251
Shareholders' equity
Common Shares	235		241
Common Shares in treasury	(3,524)		(4,400)
Additional paid-in capital	14,393		15,665
Retained earnings	61,561		54,810
Accumulated other comprehensive income (loss)	(8,644)		(6,809)
Total Chubb shareholders' equity	64,021		59,507
Total liabilities and shareholders' equity	$	65,166	$	60,758

The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

STATEMENTS OF OPERATIONS (Parent Company Only)


For the years ended December 31, 2024, 2023, and 2022
(in millions of U.S. dollars)	2024		2023		2022
Revenues
Net investment income (loss) (1)	$	(24)	$	(21)	$	83
Equity in net income of subsidiaries and affiliates	9,385		9,065		5,256
Total revenues	9,361		9,044		5,339
Expenses
Administrative and other (income) expense	74		72		65
Integration expenses	—		—		10
Income tax (benefit) expense	15		(56)		18
Total expenses	89		16		93
Net income attributable to Chubb	$	9,272	$	9,028	$	5,246
Comprehensive income (loss) attributable to Chubb	$	7,437	$	12,404	$	(3,865)

(1) Includes net investment income, interest income, and net realized gains (losses).

The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.

STATEMENTS OF CASH FLOWS (Parent Company Only)


For the years ended December 31, 2024, 2023, and 2022
(in millions of U.S. dollars)	2024		2023		2022
Net cash flows from operating activities (1)	$	1,755	$	3,273	$	7,831
Cash flows from investing activities
Capital redemption (contribution)	2,000		—		(4,046)

Net cash flows from (used for) investing activities	2,000		—		(4,046)
Cash flows from financing activities
Dividends paid on Common Shares	(1,436)		(1,394)		(1,375)
Common Shares repurchased	(1,801)		(2,411)		(2,894)
Repayment of intercompany loans	99		231		279
Net proceeds from (contributions to) affiliated notional cash pooling programs (2)	(317)		342		245
Net cash flows used for financing activities	(3,455)		(3,232)		(3,745)
Effect of foreign currency rate changes on cash	6		(4)		(1)
Net increase (decrease) in cash	306		37		39
Cash – beginning of year	77		40		1
Cash – end of year	$	383	$	77	$	40

(1) Includes cash dividends received from subsidiaries of $1.8 billion, $3.3 billion, and $7.7 billion in 2024, 2023, and 2022, respectively.

(2) Chubb maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 i) for additional information.

The condensed financial information should be read in conjunction with the Consolidated Financial Statements and notes thereto.