8-K/AExhibits & Filings

Chubb Ltd 8-K/A Report, Exhibit Filing (Mar 24, 2016)

Filed March 24, 2016For Securities:CB

Summary

This filing is an amendment (8-K/A) to a previous Current Report by Chubb Limited (formerly ACE Limited), filed on March 23, 2016. The primary purpose of this amendment is to provide crucial financial information related to the acquisition of The Chubb Corporation, which was completed on January 14, 2016. Specifically, it includes the audited consolidated financial statements of the acquired entity, Chubb Corp, for the years ending December 31, 2015, 2014, and 2013, along with the report of independent auditors. Additionally, the filing provides unaudited pro forma financial information for Chubb Limited as of December 31, 2015, and for the year then ended, reflecting the impact of the acquisition. For investors, this amendment is significant as it fulfills regulatory requirements and provides a more complete financial picture following the substantial acquisition. The inclusion of detailed historical financials for the acquired Chubb Corp, alongside pro forma data for the combined entity, allows for a better understanding of the merged company's financial position and operational performance. Investors can now analyze the historical performance of both entities and the projected combined results to assess the strategic and financial implications of this major merger.

Key Highlights

  • 1Amendment No. 1 to Form 8-K filing by Chubb Limited, filed on March 23, 2016.
  • 2Provides audited consolidated financial statements for The Chubb Corporation (Chubb Corp) for the years ended December 31, 2015, 2014, and 2013.
  • 3Includes the Report of Independent Auditors (Ernst & Young LLP) for Chubb Corp's 2015 audited financial statements.
  • 4Supplements the original 8-K filing which announced the completion of the acquisition of Chubb Corp on January 14, 2016.
  • 5Files unaudited pro forma consolidated balance sheet for Chubb Limited as of December 31, 2015.
  • 6Files unaudited pro forma consolidated statement of operations for Chubb Limited for the year ended December 31, 2015.
  • 7The amendment was filed to satisfy Item 9.01 of Form 8-K regarding financial statements and exhibits related to a significant acquisition.

Frequently Asked Questions

This amended filing (8-K/A) is primarily to provide the audited consolidated financial statements of the acquired entity, The Chubb Corporation (Chubb Corp), for the years ended December 31, 2015, 2014, and 2013, and the report of their independent auditors. It also includes unaudited pro forma financial information for the combined Chubb Limited as of December 31, 2015, and for the year ended that date, which was previously excluded from the original 8-K filing.

Chubb Limited completed its acquisition of The Chubb Corporation on January 14, 2016.

This amendment provides the audited consolidated balance sheets for Chubb Corp as of December 31, 2015, and December 31, 2014, and the related consolidated statements of income, comprehensive income, shareholders' equity, and cash flows for each of the three years ended December 31, 2015. It also includes the report of Ernst & Young LLP as independent auditors for Chubb Corp's 2015 audited financial statements.

Pro forma financial information presents financial data as if a particular event, such as an acquisition, had occurred at an earlier date. It's included here to give investors a clearer view of the potential combined financial position and performance of Chubb Limited following the acquisition of Chubb Corp, allowing for better comparative analysis.