Annual Report 2005 - Chubb Group of Insurance Companies

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Thailand Michael Casella, Asia Pacific Founded by a Thai nobleman in 1933, Boon Zone Officer Rawd Brewery today produces and distributes 800 million liters a year of its Singha beer, viewed by aficionados worldwide as the quintessential Thai beer. The company currently operates three breweries as well as six soda and water factories located in strategic regions of Thailand. In addition to its contributions to the country’s economic development, Boon Rawd is highly regarded for its support of charitable and educational services and programs and for its demonstrated commitment to environmentally sound business practices. Aware that safety and loss control are key concerns for Boon Rawd, our loss prevention specialists have played an active role in this relationship since the brewery selected Chubb as its insurer in 1992. “Chubb has worked closely with Boon Rawd’s management to design and implement an upgraded loss prevention program that’s of great value to our company," says Santi Bhirombhakdi, President of Boon Rawd Brewery. Photo: Standing in the Singha brewhouse are (left to right) Santi Bhirombhakdi, President, and Chutinant Bhirombhakdi, Executive Vice President. 10
California From the moment they decided to restore their historic California home, Larry and Alison Rosenthal were determined to use the type and quality of materials originally used to construct it in the early 1920s. Once the restoration was complete, they were equally determined to find an insurer that would agree to rebuild their home using those same materials should they suffer a loss. It is this passion for perfection that ultimately led them to choose Chubb’s Masterpiece ® homeowners policy and its unique home reconstruction and guaranteed replacement cost features. The Rosenthals were also looking for Gary Petrosino, a company with the expertise to accurately appraise U.S. Western Zone Officer and protect their ever-expanding collections of fine art and antiques. “We are extremely pleased with the personal attention we receive from our agent and from Chubb’s representatives,” says Mr. Rosenthal. “Unlike many companies that merely promise outstanding service, Chubb consistently delivers.” Photo: Alison and Larry Rosenthal on the patio of their fashionable Southern California home. 11
Page 1 and 2: THE CHUBB CORPORATION Annual Report
Page 3 and 4: Letter to Shareholders John D. Finn
Page 5 and 6: Letter to Shareholders John J. Degn
Page 7 and 8: Letter to Shareholders With the imp
Page 9 and 10: Letter to Shareholders • In Janua
Page 11: Featured in this year’s report ar
Page 15: Pennsylvania Among acoustic guitari
Page 18 and 19: Canada Ellen Moore, Canada Aglobal
Page 20 and 21: Nebraska Timothy Szerlong, U.S. Nor
Page 22 and 23: Employee Profiles Meet six Chubb ma
Page 24 and 25: Chubb & Son, a division of Federal
Page 26 and 27: The Chubb Corporation Directors Zo
Page 28 and 29: CONTENTS ITEM DESCRIPTION PAGE PART
Page 30 and 31: Indemnity), Executive Risk Specialt
Page 32 and 33: those reinsurers with strong balanc
Page 34 and 35: ANALYSIS OF LOSS AND LOSS ADJUSTMEN
Page 36 and 37: that is of value to the insured. Th
Page 38 and 39: Another area of potential regulatio
Page 40 and 41: However, there are inherent limitat
Page 42 and 43: Intense competition for our product
Page 44 and 45: Purported class actions arising out
Page 46 and 47: PART II. Item 5. Market for the Reg
Page 48 and 49: Item 7. Management's Discussion and
Page 50 and 51: ‚the eÅects of disclosures by, a
Page 52 and 53: PROPERTY AND CASUALTY INSURANCE A s
Page 54 and 55: Net premiums written by business un
Page 56 and 57: loss ratio. Losses from catastrophe
Page 58 and 59: premiums, multiple peril premiums w
Page 60 and 61: Our specialty insurance business pr
Page 62 and 63:
District of New York. We are cooper
Page 64 and 65:
Our loss reserves include signiÑca
Page 66 and 67:
We regularly review the loss reserv
Page 68 and 69:
theory, insurance coverage is deeme
Page 70 and 71:
The following table presents the nu
Page 72 and 73:
alance sheets and superior underwri
Page 74 and 75:
On an after-tax basis, property and
Page 76 and 77:
CORPORATE AND OTHER Corporate and o
Page 78 and 79:
The writedowns of Ñxed maturities
Page 80 and 81:
Ratings Chubb and its insurance sub
Page 82 and 83:
The above table also excludes estim
Page 84 and 85:
At December 31, 2004 Total Estimate
Page 86 and 87:
Item 8. Consolidated Financial Stat
Page 88 and 89:
PART III. Item 10. Directors and Ex
Page 90 and 91:
SIGNATURES Pursuant to the requirem
Page 92 and 93:
THE CHUBB CORPORATION INDEX TO FINA
Page 94 and 95:
THE CHUBB CORPORATION Consolidated
Page 96 and 97:
THE CHUBB CORPORATION Consolidated
Page 98 and 99:
NOTES TO CONSOLIDATED FINANCIAL STA
Page 100 and 101:
In 2005, the Corporation transferre
Page 102 and 103:
(b) The components of unrealized ap
Page 104 and 105:
(7) Unpaid Losses and Loss Expenses
Page 106 and 107:
In establishing toxic waste reserve
Page 108 and 109:
(b) Interest costs of $134.8 millio
Page 110 and 111:
(11) Stock-Based Employee Compensat
Page 112 and 113:
The following table sets forth the
Page 114 and 115:
(13) Commitments and Contingent Lia
Page 116 and 117:
Revenues, income before income tax
Page 118 and 119:
(17) Fair Values of Financial Instr
Page 120 and 121:
In the event that any person or gro
Page 122 and 123:
THE CHUBB CORPORATION Schedule I CO
Page 124 and 125:
THE CHUBB CORPORATION Schedule II (
Page 126 and 127:
THE CHUBB CORPORATION Schedule III
Page 128 and 129:
Exhibit Number THE CHUBB CORPORATIO
Page 130 and 131:
Exhibit Number Description 10.18 Am
Page 132 and 133:
Exhibit Number Description 10.44 Fo
Page 134 and 135:
Exhibit 23.1 THE CHUBB CORPORATION
Page 136 and 137:
Exhibit 31.2 I, Michael O'Reilly, c
Page 138 and 139:
Exhibit 32.2 CERTIFICATION OF PERIO
Page 140:
The Chubb Corporation • Annual Re
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Annual Report 2005 - Chubb Group of Insurance Companies

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