1 unchanged sentence
Issuer’s Repurchases of Equity Securities
−Removed: The following table provides information with respect to purchases by Chubb of its Common Shares during the three months ended March 31, 2021:
+Added: The following table provides information with respect to purchases by Chubb of its Common Shares during the three months ended June 30, 2021:
Period Total Number of
3 unchanged sentences
Approximate Dollar Value of Shares that May Yet be Purchased Under the Plan (3)
−Removed: January 1 through January 31 2,503 $ 154.44 — $ 2.50 billion
−Removed: February 1 through February 28 2,390,214 $ 165.83 2,208,000 $ 2.14 billion
−Removed: March 1 through March 31 1,116,522 $ 168.26 902,000 $ 1.98 billion
+Added: April 1 through April 30 900,648 $ 170.84 900,000 $ 1.83 billion
+Added: May 1 through May 31 7,058,200 $ 169.20 6,970,400 $ 652 million
+Added: June 1 through June 30 3,487,236 $ 168.66 3,485,000 $ 65 million
Total 11,446,084 $ 169.16 11,355,400
(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.
−Removed: (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.
+Added: (2) The aggregate value of shares purchased in the three months ended June 30, 2021 as part of the publicly announced plan was $1.92 billion.
(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.
−Removed: 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.
−Removed: At April 29, 2021, $1.91 billion in share repurchase authorization remained through December 31, 2021.
−Removed: Refer to Note 8 to the Consolidated Financial Statements for more information on the Chubb Limited securities repurchase authorization.
+Added: Subsequently, on July 19, 2021, the Board authorized a one-time incremental share repurchase program of up to $5.0 billion through June 30, 2022.
+Added: The $2.5 billion share repurchase authorization will be used prior to the $5.0 billion share repurchase authorization.
+Added: At July 28, 2021, $5.06 billion in share repurchase authorizations remained.
+Added: Refer to Note 8 to the Consolidated Financial Statements for more information on the Chubb Limited securities repurchase authorizations.
Incorporated by Reference
9 unchanged sentences
8-K 3.1 November 21, 2016
−Removed: Form of Performance Based Restricted Stock Award Terms under the Chubb Limited 2016 Long-Term Incentive Plan for Swiss Executive Management
−Removed: 10-K 10.82 February 25, 2021
−Removed: Form of Performance Based Restricted Stock Award Terms under the Chubb Limited 2016 Long-Term Incentive Plan for Executive Officers
−Removed: 10-K 10.83 February 25, 2021
+Added: Chubb Limited 2016 Long-Term Incentive Plan, as amended and restated
+Added: 8-K 10.1 May 20, 2021
Guaranteed Securities
6 unchanged sentences
Section 1350, As Adopted Pursuant to Section 906 of The Sarbanes-Oxley Act of 2002
−Removed: 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:
−Removed: (i) Consolidated Balance Sheets at March 31, 2021, and December 31, 2020;
−Removed: (ii) Consolidated Statements of Operations and Comprehensive Income for the three months ended March 31, 2021 and 2020;
−Removed: (iii) Consolidated Statements of Shareholders’ Equity for the three months ended March 31, 2021 and 2020;
−Removed: (iv) Consolidated Statements of Cash Flows for the three months ended March 31, 2021 and 2020;
+Added: 101.1 The following financial information from Chubb Limited’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 formatted in Inline XBRL:
+Added: (i) Consolidated Balance Sheets at June 30, 2021, and December 31, 2020;
+Added: (ii) Consolidated Statements of Operations and Comprehensive Income for the three and six months ended June 30, 2021 and 2020;
+Added: (iii) Consolidated Statements of Shareholders’ Equity for the three and six months ended June 30, 2021 and 2020;
+Added: (iv) Consolidated Statements of Cash Flows for the six months ended June 30, 2021 and 2020;
and (v) Notes to Consolidated Financial Statements X
3 unchanged sentences
CHUBB LIMITED
−Removed: April 30, 2021 /s/ Evan G.
+Added: July 29, 2021 /s/ Evan G.
Chairman and Chief Executive Officer
−Removed: April 30, 2021 /s/ Philip V.
+Added: July 29, 2021 /s/ Peter C.
Executive Vice President and Chief Financial Officer
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.