Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| North America Commercial P&C Insurance | 19,354.0 | 17,539.0 | 16,025.0 | 15,031.0 | 14,463.0 | 14,152.0 | 14,077.0 | 6,666.0 |
| Insurance - Overseas General | 11,429.0 | 11,038.0 | 9,819.0 | 9,470.0 | 9,234.0 | 8,741.0 | 8,732.0 | 7,005.0 |
| Life Insurance | 1,484.0 | 1,320.0 | 2,867.0 | 2,716.0 | 2,559.0 | 2,414.0 | 2,338.0 | 2,212.0 |
| Insurance - North American Agriculture | 2,874.0 | 2,366.0 | 1,852.0 | 1,825.0 | 1,597.0 | 1,533.0 | 1,336.0 | 1,387.0 |
| Other | 8,025.0 | 8,700.0 | 5,431.0 | 5,144.0 | 4,864.0 | 5,403.0 | 4,986.0 | 1,717.0 |
| Total revenues | 43,166.0 | 40,963.0 | 35,994.0 | 34,186.0 | 32,717.0 | 32,243.0 | 31,469.0 | 18,987.0 |
| Revenue growth | 5.4% | 13.8% | 5.3% | 4.5% | 1.5% | 2.5% | 65.7% | -1.0% |
| Loss and loss adjustment expenses | 23,342.0 | 21,980.0 | 21,710.0 | 18,730.0 | 18,067.0 | 18,454.0 | 16,052.0 | 9,484.0 |
| Policy acquisition costs | 7,392.0 | 6,918.0 | 6,547.0 | 6,153.0 | 5,912.0 | 5,781.0 | 5,904.0 | 2,941.0 |
| Investment expenses | 178.0 | 187.0 | 176.0 | 172.0 | 168.0 | 164.0 | 141.0 | 114.0 |
| Other operating expenses | 5,116.0 | 1,570.0 | 2,883.0 | 3,330.0 | 3,272.0 | 3,515.0 | 3,817.0 | 2,852.0 |
| General and administrative | 3,395.0 | 3,136.0 | 2,979.0 | 3,030.0 | 2,886.0 | 2,833.0 | 3,081.0 | 2,270.0 |
| EBITDA | 4,014.0 | 7,426.0 | 1,883.0 | 3,008.0 | 2,730.0 | 2,034.0 | 3,220.0 | 1,777.0 |
| EBITDA margin | 9.3% | 18.1% | 5.2% | 8.8% | 8.3% | 6.3% | 10.2% | 9.4% |
| Depreciation | 285.0 | 287.0 | 290.0 | 305.0 | 339.0 | 260.0 | 19.0 | 171.0 |
| EBITA | 3,729.0 | 7,139.0 | 1,593.0 | 2,703.0 | 2,391.0 | 1,774.0 | 3,201.0 | 1,606.0 |
| EBITA margin | 8.6% | 17.4% | 4.4% | 7.9% | 7.3% | 5.5% | 10.2% | 8.5% |
| Amortization of intangibles | 285.0 | 287.0 | 290.0 | 305.0 | 339.0 | 260.0 | 19.0 | 171.0 |
| EBIT | 3,444.0 | 6,852.0 | 1,303.0 | 2,398.0 | 2,052.0 | 1,514.0 | 3,182.0 | 1,435.0 |
| EBIT margin | 8.0% | 16.7% | 3.6% | 7.0% | 6.3% | 4.7% | 10.1% | 7.6% |
| Interest income, net [+] | 3,172.0 | 2,964.0 | 2,859.0 | 2,874.0 | 2,664.0 | 2,518.0 | 2,260.0 | 1,894.0 |
| Interest expense | 570.0 | 492.0 | 516.0 | 552.0 | 641.0 | 607.0 | 605.0 | 300.0 |
| Interest income | 3,742.0 | 3,456.0 | 3,375.0 | 3,426.0 | 3,305.0 | 3,125.0 | 2,865.0 | 2,194.0 |
| Pre-tax income | 6,568.0 | 9,816.0 | 4,162.0 | 5,249.0 | 4,657.0 | 3,722.0 | 4,950.0 | 3,296.0 |
| Income taxes | 1,255.0 | 1,277.0 | 629.0 | 795.0 | 695.0 | -139.0 | 815.0 | 462.0 |
| Tax rate | 19.1% | 13.0% | 15.1% | 15.1% | 14.9% | | 16.5% | 14.0% |
| Net income | 5,313.0 | 8,539.0 | 3,533.0 | 4,454.0 | 3,962.0 | 3,861.0 | 4,135.0 | 2,834.0 |
| Net margin | 12.3% | 20.8% | 9.8% | 13.0% | 12.1% | 12.0% | 13.1% | 14.9% |
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| Basic EPS | $12.66 | $19.41 | $7.82 | $9.77 | $8.55 | $8.27 | $8.94 | $8.70 |
| Diluted EPS | $12.54 | $19.27 | $7.79 | $9.71 | $8.49 | $8.19 | $8.87 | $8.62 |
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| Shares outstanding (basic) | 419.8 | 440.0 | 451.6 | 455.9 | 463.6 | 467.1 | 462.5 | 325.6 |
| Shares outstanding (diluted) | 423.5 | 443.2 | 453.4 | 458.9 | 466.8 | 471.2 | 465.9 | 328.8 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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