Chubb Ltd (CB) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that Chubb Ltd surfaced in its latest filing.

• The company ceased writing variable annuity reinsurance business in 2007.2007
• The International Association of Insurance Supervisors adopted an international capital standard for internationally active insurance groups in December 2024.December 2024
• Starting in 2027, the IAIS will initiate detailed jurisdictional assessments of ICS implementation.2027
• Bermuda enacted a 15 percent corporate income tax effective January 1, 2025.January 1, 2025
• OECD published a framework redefining cross-border income taxation and instituting a 15% global minimum tax.
• OECD issued Administrative Guidance on January 15, 2025 that could cause additional tax if the deferred tax asset established upon Bermuda corporate income tax enactment in 2023 reverses after 2026.January 15, 2025
• Switzerland enacted aspects of the global minimum tax rules effective January 1, 2025, including the income inclusion rule.January 1, 2025
• 2022 proposed U.S. Treasury/IRS regulations may cause more income to be treated as RPII.2022
• The company is subject to the New York Department of Financial Services' Cybersecurity Regulation, which mandates detailed cybersecurity standards for Chubb.
• The National Association of Insurance Commissioners adopted an Insurance Data Security Model Law that a number of states have enacted.
• The European Union Artificial Intelligence Act will regulate Chubb's use of AI within the EU.
• The California Consumer Privacy Act and California Privacy Rights Act may affect Chubb's use of data.
• Brazil's Lei Geral de Protecao de Dados may subject Chubb to fines and actions for noncompliance.
• Several nations in Asia are considering legislation or regulatory guidance on AI.
• At December 31, 2025, we had $20.6 billion of reinsurance recoverables, net of reserves for uncollectible recoverables.December 31, 2025
• Active Chubb companies are liable for A&E and other exposures reinsured to inactive run-off company Century Indemnity Company (Century). At December 31, 2025, aggregate reinsurance balances ceded by active subsidiaries to Century were approximately $1.9 billion.December 31, 2025
• At December 31, 2025, gross A&E liabilities represented approximately 1.4 percent of gross loss reserves.December 31, 2025
• Approximately 17 percent of the fixed income portfolio at December 31, 2025 is invested in below investment-grade securities.December 31, 2025
• As of December 31, 2025, approximately 26.7% of unhedged net assets were denominated in foreign currencies.December 31, 2025
• We estimate ability to pay dividends in such form, and thus exempt from Swiss withholding tax, until 2032–2036.2032–2036