Chubb Limited Board Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Chubb Limited (NYSE: CB) announced a quarterly dividend of $0.83 per share, payable on January 6, 2023. Shareholders on record by December 16, 2022 will receive this payment from the company’s legal reserves. This marks the third dividend installment approved by shareholders on May 19, 2022. Chubb Limited is recognized as the largest publicly traded property and casualty insurance company globally, operating in 54 countries.

Positive

• Quarterly dividend of $0.83 per share supports shareholder income.
• Third dividend installment indicates company confidence.

Negative

• Potential risks affecting future dividend payments due to extraordinary company events.

ZURICH, Nov. 17, 2022 /PRNewswire/ -- The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.83 per share, payable on January 6, 2023 to shareholders of record at the close of business on December 16, 2022.  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 2022 proxy statement. This will be the third installment as approved by the company's shareholders on May 19, 2022.

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 34,000 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, and our expectations and intentions and other statements that are not historical facts, 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 those set forth in these statements. For example, payment of scheduled or future 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

When will Chubb Limited pay its next dividend?

Chubb Limited will pay its next dividend of $0.83 per share on January 6, 2023.

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

The record date for Chubb Limited's dividend is December 16, 2022.

How often does Chubb Limited pay dividends?

Chubb Limited typically pays dividends quarterly.

Is the dividend from Chubb Limited sustainable?

While current dividends are steady, future payments could be affected by extraordinary company events or capital constraints.