Chubb Limited Board Declares Quarterly Dividend

Rhea-AI Summary

Chubb Limited (NYSE: CB) has declared a quarterly dividend of $0.80 per share, scheduled for payment on January 7, 2022, to shareholders recorded by the close of business on December 17, 2021. This marks the third installment approved by shareholders on May 20, 2021. The payment will be made from legal reserves in US dollars. Chubb is recognized as the largest publicly traded property and casualty insurance company, operating in 54 countries with a commitment to fair and prompt claims servicing.

Positive

• Quarterly dividend of $0.80 per share enhances shareholder returns.
• Dividend scheduled for payment indicates confidence in financial stability.
• Payment reflects company's strong legal reserves.

Negative

• Potential risks to future dividend payments due to extraordinary company events or capital constraints.

ZURICH, Nov. 18, 2021 /PRNewswire/ -- The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.80 per share, payable on January 7, 2022 to shareholders of record at the close of business on December 17, 2021.  The dividend will be payable out of legal reserves and will be made in United States dollars by the company's transfer agent, as described in the Chubb Limited 2021 proxy statement. This will be the third installment as approved by the company's shareholders on May 20, 2021.

About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: www.chubb.com.

Cautionary Statement Regarding Forward-Looking Statements:
Forward-looking statements made in this press release, such as statements regarding dividends, reflect the company's current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from these statements. For example, payment of scheduled dividends could be affected by extraordinary company events or capital constraints or similar factors that could require the company to adjust, delay or withhold dividend payments. Additional information regarding factors that could cause differences from these forward-looking statements appears in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. 

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SOURCE Chubb Limited

FAQ

What is the dividend amount declared by Chubb Limited for Q4 2021?

Chubb Limited declared a dividend of $0.80 per share for Q4 2021.

When will Chubb Limited's dividend be paid?

The dividend will be paid on January 7, 2022.

What is the record date for Chubb Limited's dividend payment?

The record date for the dividend payment is December 17, 2021.

How often does Chubb Limited pay dividends?

Chubb Limited pays dividends quarterly.

What are the risks associated with Chubb Limited's dividend payments?

Future dividend payments may be affected by extraordinary events or capital constraints.