Pay vs Performance Disclosure, Table

U.S. SEC Pay Versus Performance Disclosure

This section sets forth the pay versus performance disclosure for the years 2020-2024 in accordance with SEC regulations. This section also includes certain non-GAAP financial measures, including core operating income, core operating return on equity, core operating return on tangible equity, P&C combined ratio and tangible book value per share growth. More information on the rationale for the use of these measures and reconciliations to U.S. GAAP can be found in “Non-GAAP Financial Measures”.

The following sets forth the tabular pay versus performance disclosure required by SEC regulations, and includes measures that, in the Company’s assessment, are the most important financial performance measures used by the Company to link NEO “compensation actually paid” (as defined by SEC regulations) to Company performance for the most recently completed fiscal year.

Pay Versus Performance Table

Year	Summary Compensation Table total for PEO(a)	Compensation actually paid to PEO(a)(b)	Average Summary Compensation Table total for non-PEO named executive officers(a)	Average compensation actually paid to non-PEO named executive officers(a)(c)	Value of initial fixed $100 investment based on(d)		Chubb net income (in millions)	Core operating income (in millions)
Year	Summary Compensation Table total for PEO(a)	Compensation actually paid to PEO(a)(b)			Total shareholder return	Peer group total shareholder return	Chubb net income (in millions)	Core operating income (in millions)
2024	$30,138,094	$55,361,558	$8,989,215	$15,449,569	$194.17	$181.73	$9,272	$9,197
2023	$27,661,317	$35,703,017	$7,867,777	$9,453,265	$156.73	$142.44	$9,028	$9,337
2022	$25,152,070	$44,160,566	$8,148,565	$12,454,746	$150.44	$133.77	$5,246	$6,429
2021	$23,181,184	$42,028,742	$7,014,834	$10,960,083	$129.69	$115.42	$8,525	$5,586
2020	$20,328,167	$14,619,607	$6,700,291	$5,454,658	$101.42	$93.94	$3,533	$3,313

Additional Company Financial Performance Measures

Year	Core operating return on equity	Core operating return on tangible equity	P&C combined ratio	Tangible book value per share growth
2024	13.9%	21.6%	86.6%	14.1%
2023	15.4%	24.2%	86.5%	21.3%
2022	11.1%	17.0%	87.6%	-20.4%
2021	9.9%	15.3%	89.1%	7.6%
2020	6.2%	9.8%	96.1%	12.2%

(a)

The principal executive officer (PEO) for each year reflected in the table is Evan G. Greenberg, the Company’s Chairman and CEO. The non-PEO NEOs are John W. Keogh; John J. Lupica; Peter C. Enns (for years 2021-2024); Juan Luis Ortega (for years 2023-2024), Sean Ringsted (for year 2023); Paul J. Krump (for years 2020-2022); and Philip V. Bancroft (for years 2020-2021).

(b)

For Mr. Greenberg, the following are the amounts deducted from and added to the Summary Compensation Table amount to derive the “compensation actually paid” as determined in accordance with SEC regulations:

Year	Summary Compensation Table total	Stock and option awards granted during year and included in the Summary Compensation Table	Year-end fair value of stock and option awards granted during year and included in the Summary Compensation Table	Change in fair value of stock and option awards granted in any prior year remaining unvested as of year-end	Change in fair value as of the vesting date of stock and option awards granted in any prior year	Year-end fair value of Premium Award shares at the end of three-year performance period1	Total
2024	$30,138,094	$(17,350,017)	$18,811,057	$7,775,398	$5,497,020	$10,490,006	$55,361,558
2023	$27,661,317	$(15,650,006)	$16,955,424	$423,109	$(2,704,453)	$9,017,626	$35,703,017
2022	$25,152,070	$(14,647,433)	$18,365,019	$6,082,084	$1,955,057	$7,253,769	$44,160,566
2021	$23,181,184	$(13,121,951)	$16,059,140	$7,561,095	$1,856,572	$6,492,703	$42,028,742
2020	$20,328,167	$(12,042,356)	$13,053,849	$(53,169)	$(11,308,342)	$4,641,458	$14,619,607

Reflects year-end fair value of performance share Premium Awards at the end of the three-year performance period based on the probable outcome of satisfaction of performance criteria consistent with the fair value methodology to account for Premium Awards for financial reporting purposes in accordance with U.S. GAAP. For 2024, 2023, 2022, 2021 and 2020, the table reflects performance share Premium Awards granted in 2022, 2021, 2020, 2019 and 2018, respectively.

(c)

For the other NEOs, the following are the amounts deducted from and added to the Summary Compensation Table amount to derive the “average compensation actually paid” as determined in accordance with SEC regulations:

Year	Summary Compensation Table total	Stock and option awards granted during year and included in the Summary Compensation Table	Year-end fair value of stock and option awards granted during year and included in the Summary Compensation Table	Change in fair value of stock and option awards granted in any prior year remaining unvested as of year-end	Change in fair value as of the vesting date of stock and option awards granted in any prior year	Year-end fair value of Premium Award shares at the end of three-year performance period1	Total2
2024	$8,989,215	$(4,722,436)	$5,150,896	$2,070,807	$1,274,426	$2,686,661	$15,449,569
2023	$7,867,777	$(3,829,366)	$4,169,896	$95,118	$(494,626)	$1,644,466	$9,453,265
2022	$8,148,565	$(4,134,431)	$5,183,762	$1,497,256	$459,212	$1,300,382	$12,454,746
2021	$7,014,834	$(3,592,519)	$4,424,191	$1,545,637	$357,278	$1,210,662	$10,960,083
2020	$6,700,291	$(3,121,085)	$3,383,235	$(14,102)	$(2,435,364)	$941,683	$5,454,658

No adjustment to the change in fair value of Mr. Krump’s pension benefit for 2020, 2021 and 2022 is required because benefit accruals in the Chubb Corp. Pension Plan and Chubb Corp. Pension Excess Benefit Plan were frozen effective as of December 31, 2019.

(d)

For purposes of calculating cumulative total shareholder return (TSR) of the Company and peer group, (i) 2024 TSR is based on 2020-2024 results; (ii) 2023 TSR is based on 2020-2023 results; (iii) 2022 TSR is based on 2020-2022 results; (iv) 2021 TSR is based on 2020-2021 results; and (v) 2020 TSR is based on 2020 results. The peer group used in this table is the Company’s Financial Performance Peer Group for TSR comparative purposes described elsewhere in this proxy statement. These companies for each period presented are The Allstate Corporation, American International Group, Inc., CNA Financial Corporation, The Hartford Financial Services Group, Inc., The Travelers Companies, Inc. and Zurich Insurance Group. The TSR of each company in the peer group has been weighted according to its respective stock market capitalization at the beginning of each period for which a TSR is provided. Calculations for both the Company and peer group include reinvested dividends.

Company Selected Measure Name

Coreoperatingincome

Named Executive Officers, Footnote

(a)

Peer Group Issuers, Footnote

(d)

PEO Total Compensation Amount

$ 30,138,094

$ 27,661,317

$ 25,152,070

$ 23,181,184

$ 20,328,167

PEO Actually Paid Compensation Amount

$ 55,361,558

35,703,017

44,160,566

42,028,742

14,619,607

Adjustment To PEO Compensation, Footnote

(b)

Year	Summary Compensation Table total	Stock and option awards granted during year and included in the Summary Compensation Table	Year-end fair value of stock and option awards granted during year and included in the Summary Compensation Table	Change in fair value of stock and option awards granted in any prior year remaining unvested as of year-end	Change in fair value as of the vesting date of stock and option awards granted in any prior year	Year-end fair value of Premium Award shares at the end of three-year performance period1	Total
2024	$30,138,094	$(17,350,017)	$18,811,057	$7,775,398	$5,497,020	$10,490,006	$55,361,558
2023	$27,661,317	$(15,650,006)	$16,955,424	$423,109	$(2,704,453)	$9,017,626	$35,703,017
2022	$25,152,070	$(14,647,433)	$18,365,019	$6,082,084	$1,955,057	$7,253,769	$44,160,566
2021	$23,181,184	$(13,121,951)	$16,059,140	$7,561,095	$1,856,572	$6,492,703	$42,028,742
2020	$20,328,167	$(12,042,356)	$13,053,849	$(53,169)	$(11,308,342)	$4,641,458	$14,619,607

Non-PEO NEO Average Total Compensation Amount

$ 8,989,215

7,867,777

8,148,565

7,014,834

6,700,291

Non-PEO NEO Average Compensation Actually Paid Amount

$ 15,449,569

9,453,265

12,454,746

10,960,083

5,454,658

Adjustment to Non-PEO NEO Compensation Footnote

(c)

Year	Summary Compensation Table total	Stock and option awards granted during year and included in the Summary Compensation Table	Year-end fair value of stock and option awards granted during year and included in the Summary Compensation Table	Change in fair value of stock and option awards granted in any prior year remaining unvested as of year-end	Change in fair value as of the vesting date of stock and option awards granted in any prior year	Year-end fair value of Premium Award shares at the end of three-year performance period1	Total2
2024	$8,989,215	$(4,722,436)	$5,150,896	$2,070,807	$1,274,426	$2,686,661	$15,449,569
2023	$7,867,777	$(3,829,366)	$4,169,896	$95,118	$(494,626)	$1,644,466	$9,453,265
2022	$8,148,565	$(4,134,431)	$5,183,762	$1,497,256	$459,212	$1,300,382	$12,454,746
2021	$7,014,834	$(3,592,519)	$4,424,191	$1,545,637	$357,278	$1,210,662	$10,960,083
2020	$6,700,291	$(3,121,085)	$3,383,235	$(14,102)	$(2,435,364)	$941,683	$5,454,658

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Net Income and Core Operating Income to “Compensation Actually Paid”

[MISSING IMAGE: lc_netincomecoreop-pn.jpg]

Compensation Actually Paid vs. Company Selected Measure

Net Income and Core Operating Income to “Compensation Actually Paid”

Total Shareholder Return Vs Peer Group

Tabular List, Table

	Most Important Financial Performance Measures
	Core operating income
	Core operating return on equity
	Core operating return on tangible equity
	P&C combined ratio
	Tangible book value per share growth

Total Shareholder Return Amount

$ 194.17

156.73

150.44

129.69

101.42

Peer Group Total Shareholder Return Amount

181.73

142.44

133.77

115.42

93.94

Net Income (Loss)

$ 9,272,000,000

$ 9,028,000,000

$ 5,246,000,000

$ 8,525,000,000

$ 3,533,000,000

Company Selected Measure Amount

9,197,000,000

9,337,000,000

6,429,000,000

5,586,000,000

3,313,000,000

PEO Name

Evan G. Greenberg

Percentage Of Core Operating Return On Equity

13.90%

15.40%

11.10%

9.90%

6.20%

Percentage Of Core Operating Return On Tangible Equity

21.60%

24.20%

17.00%

15.30%

9.80%

Percentage Of P&C Combined Ratio

86.60%

86.50%

87.60%

89.10%

96.10%

Percentage Of Tangible Book Value Per Share Growth

14.10%

21.30%

(20.40%)

7.60%

12.20%

Measure:: 1

Core operating income

Measure:: 2

Core operating return on equity

Measure:: 3

Core operating return on tangible equity

Measure:: 4

P&C combined ratio

Measure:: 5

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Tangible book value per share growth

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

$ (17,350,017)

$ (15,650,006)

$ (14,647,433)

$ (13,121,951)

$ (12,042,356)

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

7,775,398

423,109

6,082,084

7,561,095

(53,169)

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

18,811,057

16,955,424

18,365,019

16,059,140

13,053,849

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

5,497,020

(2,704,453)

1,955,057

1,856,572

(11,308,342)

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

10,490,006

9,017,626

7,253,769

6,492,703

4,641,458

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

(4,722,436)

(3,829,366)

(4,134,431)

(3,592,519)

(3,121,085)

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

2,070,807

95,118

1,497,256

1,545,637

(14,102)

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

5,150,896

4,169,896

5,183,762

4,424,191

3,383,235

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

1,274,426

(494,626)

459,212

357,278

(2,435,364)

Award Timing Disclosures [Line Items]

$ 2,686,661

$ 1,644,466

$ 1,300,382

$ 1,210,662

$ 941,683

Award Timing Disclosure

12 Months Ended

Dec. 31, 2024

Feb. 26, 2024

USD ($)

$ / shares

Award Timing MNPI Disclosure

The Compensation Committee grants long-term equity awards annually on a predetermined schedule. The awards are approved on the day of the annual February Board of Directors meeting, with a grant date of the Monday following

the meeting. The grant date is approximately three to four weeks following the public disclosure of the Company’s year-end financial results. The Compensation Committee does not grant equity awards in anticipation of the release of material nonpublic information, and does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.

From time to time, the Compensation Committee may make off-cycle grants to officers to recognize mid-year promotions or other circumstances. Officers who join the Company after February in a given year may be granted equity awards following their start date.

The number of shares to be covered by a performance-based or time-based equity grant is the closing price of our Common Shares on the NYSE on the grant date. For option grants, the option exercise price is the closing price of our Common Shares on the grant date. To determine the number of shares for an option award, we use a notional Black-Scholes option value of 25% of the stock price, calculated in each case at the time that we granted the option.

One of our NEOs was granted stock options in February 2024 as part of the regularly scheduled annual equity award grant. The grant date was one business day following the filing of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Please see the “Grants of Plan-Based Awards” section of this proxy statement for additional tabular information with respect to this stock option grant.

As described above and in “Compensation Discussion & Analysis — Compensation Governance Practices and Policies — Equity Award Grants: Timing and Pricing”, one of our NEOs was granted stock options one business day following the date we filed our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the 2023 10-K). The award was part of the regularly scheduled annual equity award grant to the NEOs and other eligible employees for prior year performance. In accordance with SEC regulations, the following table provides certain information about the February 2024 stock option award granted to this NEO. None of the other NEOs received a stock option award in 2024.

Name

Grant Date

Number of
securities
underlying
the award

Exercise
price of
the award
($/share)

Grant
date fair
value
of the
award

Percentage change in the
closing market price of the
securities underlying the
award between the trading
day ending immediately
prior to the disclosure of
material nonpublic
information and the trading
day beginning immediately
following the disclosure of
material nonpublic
information1

Juan Luis Ortega

February 26, 2024

9,811

$254.84

$714,045

(0.46)%

The 2023 10-K was filed with the SEC after market close and completion of the trading day on February 23, 2024. The percentage change presented is therefore the difference between the closing price on February 23, 2024 and the closing price on February 26, 2024, the grant date. The references to material non-public information in the column heading conform to the heading set forth in the applicable SEC regulation and should therefore not be interpreted to mean that the 2023 10-K included material non-public information that was not previously publicly disclosed.

Award Timing Method

The awards are approved on the day of the annual February Board of Directors meeting, with a grant date of the Monday following

Award Timing Predetermined

true

Award Timing MNPI Considered

false

Award Timing, How MNPI Considered

The Compensation Committee does not grant equity awards in anticipation of the release of material nonpublic information, and does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.

MNPI Disclosure Timed for Compensation Value

false

Awards Close in Time to MNPI Disclosures, Table

Name

Grant Date

Number of
securities
underlying
the award

Exercise
price of
the award
($/share)

Grant
date fair
value
of the
award

Juan Luis Ortega

February 26, 2024

9,811

$254.84

$714,045

(0.46)%

Juan Luis Ortega [Member]

Awards Close in Time to MNPI Disclosures