安达保险 2025年季度报告

FORM10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period EndedMarch 31, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Transition Period fromtoCommission File No.1-11778 CHUBB LIMITED (Exact name of registrant as specified in its charter) Switzerland98-0091805(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) Baerengasse 32Zurich,SwitzerlandCH-8001(Address of principal executive offices) (Zip Code)+41(0)43456 76 00(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15 (d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90 days. Yes☑ No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Non-accelerated filer☐ Accelerated filer☐Smallerreportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☑ The number of registrant’s Common Shares (CHF0.50par value) outstanding as of April18, 2025, was400,725,707. Item1.Financial Statements:Consolidated Balance Sheets (Unaudited)March 31,2025and December 31, 20243Consolidated Statements of Operations and Comprehensive Income (Unaudited)ThreeMonths EndedMarch 31, 2025and 20244Consolidated Statements of Shareholders' Equity (Unaudited)ThreeMonths EndedMarch 31, 2025and20245Consolidated Statements of Cash Flows (Unaudited)Three MonthsEndedMarch 31, 2025and 20246Notes to Consolidated Financial Statements (Unaudited)Note 1.General and significant accounting policies7Note 2.Acquisitions7Note 3.Investments8Note 4.Fair value measurements12Note 5.Reinsurance16Note 6.Deferred policy acquisition costs17Note 7.Unpaid losses and loss expenses18Note 8.Future policy benefits20Note 9.Policyholders' account balances, Separate accounts, and Unearned revenue liabilities24Note 10.Market risk benefits28Note 11.Commitments, contingencies, and guarantees29Note 12.Shareholders' equity35Note 13.Share-based compensation38Note 14.Postretirement benefits39Note 15.Other income and expense40Note 16.Segment information40Note 17.Earnings per share44Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations45Item3.Quantitative and Qualitative Disclosures About Market Risk76Item4.Controls and Procedures78Part II.OTHER INFORMATIONItem 1.Legal Proceedings79Item1A.Risk Factors79Item2.Unregistered Sales of Equity Securities and Use of Proceeds79Item 5.Other Information79Item6.Exhibits80 PART I FINANCIAL INFORMATION Table of Contents Chubb Limited and Subsidiaries Table of Contents CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) Chubb Limited and Subsidiaries Table of Contents CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Chubb Limited and Subsidiaries Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Unaudited) Chubb Limited and Subsidiaries 1.General and significant accounting policies a)Basis of presentationChubb Limited is a holding company incorporated in Zurich, Switzerland. Chubb Limited, through its subsidiaries, provides a broad range of insurance and reinsurance products to insureds worldwide. Our results are reportedthrough the following business segments: North America Commercial P&C Insurance, North America Personal P&CInsurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and LifeInsurance. Refer to Note 16 for additional information. The interim unaudited Consolidated Financial Statements include the accounts of Chubb Limited and itssubsidiaries (collectively, Chubb, we, us, or our), over which Chubb exercises control, including Huatai Group, ourmajority-owned subsidiary, and minority-owned entities such as variable interest entities (VIEs) in which Chubb isconside