Chubb Ltd 10-Q

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds and Issuer Repurchases of Equity Securities Issuer’s Repurchases of Equity Securities The following table provides information with respect to purchases by Chubb of its Common Shares during the three months ended March 31, 2021: Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plan (2) Approximate Dollar Value of Shares that May Yet be Purchased Under the Plan (3) January 1 through January 31 2,503 $ 154.44 — $ 2.50 billion February 1 through February 28 2,390,214 $ 165.83 2,208,000 $ 2.14 billion March 1 through March 31 1,116,522 $ 168.26 902,000 $ 1.98 billion Total 3,509,239 $ 166.59 3,110,000 (1) This column represents open market share repurchases and the surrender to Chubb of Common Shares to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees and to cover the cost of the exercise of options by employees through stock swaps. (2) The aggregate value of shares purchased in the three months ended March 31, 2021 as part of the publicly announced plan was $519 million. (3) In November 2020, the Board authorized the repurchase of up to $1.5 billion of Chubb's Common Shares from November 19, 2020 through December 31, 2021. In February 2021, the Board approved an increase to the November 2020 share repurchase program of $1.0 billion to a total of $2.5 billion, effective through December 31, 2021. For the period April 1, 2021 through April 29, 2021, we repurchased 450,000 Common Shares for a total of $76 million in a series of open market transactions. At April 29, 2021, $1.91 billion in share repurchase authorization remained through December 31, 2021. Refer to Note 8 to the Consolidated Financial Statements for more information on the Chubb Limited securities repurchase authorization. 70 Table of Contents ITEM 6. Exhibits Incorporated by Reference Exhibit Number Exhibit Description Form Original Number Date Filed Filed Herewith 3.1 Articles of Association of the Company, as amended 8-K 3.1 August 4, 2020 3.2 Organizational Regulations of the Company, as amended 8-K 3.1 November 21, 2016 4.1 Articles of Association of the Company, as amended 8-K 4.1 August 4, 2020 4.2 Organizational Regulations of the Company, as amended 8-K 3.1 November 21, 2016 10.1 * Form of Performance Based Restricted Stock Award Terms under the Chubb Limited 2016 Long-Term Incentive Plan for Swiss Executive Management 10-K 10.82 February 25, 2021 10.2 * Form of Performance Based Restricted Stock Award Terms under the Chubb Limited 2016 Long-Term Incentive Plan for Executive Officers 10-K 10.83 February 25, 2021 22.1 Guaranteed Securities 10-K 22.1 February 25, 2021 31.1 Certification Pursuant to Section 302 of The Sarbanes-Oxley Act of 2002 X 31.2 Certification Pursuant to Section 302 of The Sarbanes-Oxley Act of 2002 X 32.1 Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of The Sarbanes-Oxley Act of 2002 X 32.2 Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of The Sarbanes-Oxley Act of 2002 X 101.1 The following financial information from Chubb Limited’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 formatted in Inline XBRL: (i) Consolidated Balance Sheets at March 31, 2021, and December 31, 2020; (ii) Consolidated Statements of Operations and Comprehensive Income for the three months ended March 31, 2021 and 2020; (iii) Consolidated Statements of Shareholders’ Equity for the three months ended March 31, 2021 and 2020; (iv) Consolidated Statements of Cash Flows for the three months ended March 31, 2021 and 2020; and (v) Notes to Consolidated Financial Statements X 104.1 The Cover Page Interactive Data File formatted in Inline XBRL (The cover page XBRL tags are embedded in the Inline XBRL document and included in Exhibit 101.1) * Management contract, compensatory plan or arrangement 71 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CHUBB LIMITED (Registrant) April 30, 2021 /s/ Evan G. Greenberg Evan G. Greenberg Chairman and Chief Executive Officer April 30, 2021 /s/ Philip V. Bancroft Philip V. Bancroft Executive Vice President and Chief Financial Officer 72