Chubb Limited (Exact name of registrant as specified in its charter)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 26, 2016 Chubb Limited (Exact name of registrant as specified in its charter) Switzerland 1-11778 98-0091805 (State or other jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) Baerengasse 32 CH-8001 Zurich, Switzerland Telephone: +41 (0)43 456 76 00 (Address of principal executive offices) Not applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition On January 26, 2015, Chubb Limited (formerly ACE Limited) issued a Press Release reporting legacy ACE Limited and legacy Chubb Corporation fourth quarter 2015 results and the availability of the legacy ACE Limited fourth quarter 2015 Financial Supplement, the legacy Chubb Corporation fourth quarter 2015 Financial Supplement, and legacy Chubb Corporation 2015 Update on Asbestos Reserves. The Press Release, the Financial Supplements, and the Update on Asbestos Reserves are attached hereto as Exhibit 99.1 Exhibit 99.2, Exhibit 99.3, and Exhibit 99.4, respectively, and are hereby incorporated herein by reference. Item 9.01. (d) Exhibits Financial Statements, Pro Forma Financial Information and Exhibits Exhibit Number Description 99.1 Press Release, Dated January 26, 2016, Reporting Fourth Quarter 2015 Results 99.2 Fourth Quarter 2015 Financial Supplement - legacy ACE Limited Financial Results 99.3 Fourth Quarter 2015 Financial Supplement - legacy Chubb Corporation Financial Results 99.4 Legacy Chubb Corporation 2015 Update on Asbestos Reserves

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Chubb Limited DATE: January 26, 2016 By: /s/ Philip V. Bancroft Philip V. Bancroft Executive Vice President and Chief Financial Officer

EXHIBIT INDEX Number Description Method of Filing 99.1 Press Release, Dated January 26, 2016, Reporting legacy ACE and legacy Chubb Corporation Fourth Quarter 2015 Results Furnished herewith 99.2 Fourth Quarter 2015 Financial Supplement - legacy ACE Limited Financial Results Furnished herewith 99.3 Fourth Quarter 2015 Financial Supplement - legacy Chubb Corporation Financial Results Furnished herewith 99.4 Legacy Chubb Corporation 2015 Update on Asbestos Reserves Furnished herewith

Exhibit 99.1 Chubb Limited Bärengasse 32 CH-8001 Zurich Switzerland new.chubb.com @Chubb News Release Chubb Limited Reports Legacy ACE Operating Income of $780 Million for the Fourth Quarter and $3.2 Billion for the Year; Full-Year Per Share Operating Income of $9.76 versus $9.79 Prior Year; Operating ROE of 11.1% and 11.5% for the Quarter and Year, Respectively; Record Full-Year P&C Combined Ratio and Underwriting Income; Integration Planning and Execution On Track Global P&C net premiums written down 2% for the quarter, or up 4.9% in constant dollars; global P&C net premiums written up 1.2% for the year, or 7.7% in constant dollars Record full-year P&C combined ratio of 87.4% versus 87.7% prior year. Record P&C underwriting income up 1.7% for the year to $1.93 billion, or 8% in constant dollars Net investment income of $2.2 billion for the year, down 2.6%, or less than one percent in constant dollars, driven by full-year operating cash flow of $3.9 billion Unfavorable foreign currency movement negatively impacted operating income by $34 million, or $0.11 per share, for the quarter, and $119 million, or $0.36 per share, for the year. Adjusting for foreign exchange, full-year operating income per share up 3.5% Acquisition of The Chubb Corporation for $29.5 billion completed on January 14, 2016. Company now executing detailed integration roadmap globally; integration plans on track including expense and growth-related initiatives The discussion of Chubb Limited represents Legacy ACE Limited (1) results for fourth quarter and full year 2015 on a standalone basis and does not include the results of Legacy Chubb Corporation, (2) which are presented starting on page 13. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 1

Chubb Limited News Release ZURICH January 26, 2016 -- Chubb Limited (NYSE: CB) today reported net income for the quarter ended December 31, 2015, of $2.08 per share, compared with $1.66 per share for the same quarter last year. (3) Operating income was $2.38 per share, compared with $2.47 per share for the same quarter last year. The property and casualty (P&C) combined ratio for the quarter was 87.7%. Book value and tangible book value per share remained flat from September 30, 2015, and were adversely impacted by net unrealized losses in the company s investment portfolio (net of mark-to-market gains in the company s variable annuity reinsurance portfolios) of $356 million, after-tax. In addition, book value and tangible book value per share were impacted by unfavorable foreign currency movement of $138 million, after-tax, and $120 million, after-tax, respectively. Excluding these items, book value and tangible book value per share increased 1.6% and 2.0%, respectively. Book value and tangible book value per share now stand at $89.77 and $72.25, respectively. Operating return on equity for the quarter was 11.1%. Chubb Limited (Legacy ACE) Fourth Quarter Summary (in millions, except per share amounts) (Unaudited) (Per Share Diluted) 2015 2014 Change 2015 2014 Change Operating income, net of tax $ 780 $ 827 (5.8)% $ 2.38 $ 2.47 (3.6)% Chubb integration and related expenses, net of tax (35) NM (0.11) NM Adjusted net realized gains (losses), net of tax (62) (272) (77.4)% (0.19) (0.81) (76.5)% Net income $ 683 $ 555 23.0% $ 2.08 $ 1.66 25.3% For the year ended December 31, 2015, net income was $8.62 per share, compared with $8.42 per share for 2014. Operating income was $9.76 per share, compared with $9.79 per share for 2014. The P&C combined ratio for the year ended December 31, 2015, was 87.4% versus 87.7% for 2014. Book value and tangible book value per share declined 0.3% and 0.5%, respectively, from December 31, 2014. Book value and tangible book value per share were negatively impacted by unrealized losses in the company s investment portfolio of $977 million, after-tax. In addition, book value and tangible book value per share were impacted by unfavorable foreign currency movement of $1.0 billion, after-tax, and $663 million, after-tax, respectively. Tangible book value per share was also negatively impacted by the addition of $474 million of goodwill and other intangibles related to the Fireman s Fund acquisition that closed during the year. Excluding these items, book value and tangible book value per share increased 6.6% and 8.5%, respectively. Operating return on equity for the year was 11.5%. Chubb Limited (Legacy ACE) Full Year Summary (in millions, except per share amounts) (Unaudited) (Per Share Diluted) 2015 2014 Change 2015 2014 Change Operating income, net of tax $ 3,210 $ 3,320 (3.3)% $ 9.76 $ 9.79 (0.3)% Chubb integration and related expenses, net of tax (42) NM (0.13) NM Adjusted net realized gains (losses), net of tax (334) (467) (28.5)% (1.01) (1.37) (26.3)% Net income $ 2,834 $ 2,853 (0.7)% $ 8.62 $ 8.42 2.4% Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 2

Chubb Limited News Release Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented: For the fourth quarter, our last as ACE Limited, we produced very good operating results that capped an excellent year for the company both financially and strategically. After-tax operating income of $780 million in the quarter contributed to full-year earnings of $9.76 per share, essentially flat with last year s record operating income and up 3.5% when adjusted for foreign exchange. The year was highlighted by record underwriting results, 8% constant-dollar premium growth and an ROE of 11.5%. From a long-term strategic perspective, the year was historic and transformational. We completed the acquisition of the Fireman s Fund U.S. high net worth personal lines business, launched ABR Re, and then announced the largest insurance transaction in history with the $29.5 billion acquisition of The Chubb Corporation, which we closed on January 14, 2016. Our strong earnings were driven first and foremost by an exceptionally strong underwriting performance as illustrated by P&C combined ratios of 87.7% for the quarter and a record 87.4% for the year. At almost $2 billion, full-year P&C underwriting income was also a record. Full-year net investment income of $2.2 billion, down about 2.5%, stood up well, given foreign exchange rates and the low interest rate environment, and benefited from our strong cash flow of $3.9 billion. Foreign exchange headwinds, which have affected all dollar-based multinationals, impacted our revenue, income and book value growth throughout the year. Global P&C net premiums, which exclude agriculture, were down 2% in the quarter but up 5% in constant currency, compared to full-year growth of 1% on a reported basis and nearly 8% adjusted for foreign exchange. Per share book value growth was essentially flat for the year but was up over 3% in constant dollars. We are now the new Chubb, the largest publicly traded P&C insurer in the world. We ve hit the ground running and are executing the thorough integration plans we established in the six months leading up to the close of the acquisition. The energy, morale and overall feeling of optimism are high throughout the ranks of the company. We are focused on knitting ourselves together as one and achieving the ambitious targets we have set and expect of ourselves and the value creation we will generate for the benefit of our customers, business partners, employees and shareholders. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 3

Chubb Limited News Release Operating highlights for the quarter and full year ended December 31, 2015, were as follows: Chubb Limited (Legacy ACE) (in millions of U.S. dollars except for percentages) 4Q 2015 4Q 2014 Change Full Year 2015 Full Year 2014 Change P&C Net premiums written $ 3,629 $ 3,803 (4.6)% $ 15,715 $ 15,787 (0.5)% Net premiums written constant-dollar $ 3,570 1.7% $ 14,925 5.3% Underwriting income $ 453 $ 444 2.1% $ 1,930 $ 1,898 1.7% Underwriting income constant-dollar $ 410 10.6% $ 1,787 8.0% Combined ratio 87.7% 88.5% 87.4% 87.7% Current accident year underwriting income excluding catastrophe losses $ 428 $ 406 5.5% $ 1,706 $ 1,659 2.8% Current accident year underwriting income excluding catastrophe losses constantdollar $ 376 14.0% $ 1,575 8.3% Current accident year combined ratio excluding catastrophe losses 88.4% 89.5% 88.8% 89.3% Global P&C (excludes Agriculture) Net premiums written $ 3,487 $ 3,559 (2.0)% $ 14,369 $ 14,197 1.2% Net premiums written constant-dollar $ 3,326 4.9% $ 13,336 7.7% Underwriting income $ 397 $ 385 3.1% $ 1,733 $ 1,762 (1.7)% Underwriting income constant-dollar $ 351 13.1% $ 1,651 5.0% Combined ratio 88.5% 89.1% 87.5% 87.4% Current accident year underwriting income excluding catastrophe losses $ 378 $ 347 8.9% $ 1,545 $ 1,476 4.6% Current accident year underwriting income excluding catastrophe losses constantdollar $ 317 19.2% $ 1,393 10.9% Current accident year combined ratio excluding catastrophe losses 89.1% 90.2% 88.9% 89.4% Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 4

Chubb Limited News Release P&C net premiums earned for the quarter decreased 4.4% (increased 1.6% in constant dollars) and Global P&C net premiums earned, which excludes Agriculture, decreased 2.4% (increased 4.3% in constant dollars). For the year, P&C net premiums earned decreased 1.3% (increased 4.4% in constant dollars) and Global P&C net premiums earned decreased 0.3% (increased 6.2% in constant dollars). The P&C expense ratio for the quarter was 29.7% compared with 29.9% last year. The Global P&C expense ratio was 31.6% compared with 32.2% last year. For the year, the P&C expense ratio was 29.2% compared with 29.4% last year. The Global P&C expense ratio for the year was 31.4% compared with 32.1% last year. Total pre-tax and after-tax catastrophe losses for the quarter, including reinstatement premiums, were $75 million (2.0 percentage points of the combined ratio) and $67 million, respectively, compared with $69 million (1.7 percentage points of the combined ratio) and $64 million, respectively, last year. For the year, total P&C pre-tax and after-tax catastrophe losses, including reinstatement premiums, were $322 million (2.1 percentage points of the combined ratio) and $272 million, respectively, compared with $288 million (1.8 percentage points of the combined ratio) and $249 million, respectively, last year. Total P&C favorable prior period development pre-tax and after-tax for the quarter were both $100 million (2.7 percentage points of the combined ratio), compared with $107 million pre-tax (2.7 percentage points of the combined ratio) and $117 million after-tax last year. For the year, total P&C favorable prior period development pretax and after-tax was $546 million (3.5 percentage points of the combined ratio) and $474 million, respectively, compared with $527 million (3.4 percentage points of the combined ratio) and $459 million, respectively, last year. Operating cash flow was $1.2 billion for the quarter and $3.9 billion for the year. Net loss reserves increased $275 million for the year after adjusting for foreign exchange. Net investment income was $532 million for the quarter compared with $577 million last year, down 7.7%, or 5.4% in constant dollars, primarily reflecting a decline in private equity distributions of $10 million and a decrease in call activity in the company s corporate bond portfolio. Net investment income for the year was $2.2 billion compared with $2.3 billion last year, down 2.6%, or 0.7% in constant dollars. Net realized and unrealized losses pre-tax totaled $618 million for the quarter. Net realized losses of $74 million included a loss on the investment portfolio of $119 million offset by a gain of $55 million from derivative accounting. Net unrealized pre-tax losses of $544 million were comprised primarily of unrealized losses of $450 million in the investment portfolio and unrealized foreign exchange losses of $98 million. Details of financial results by business segment are available in the Chubb Limited Legacy ACE Financial Supplement. Key segment items for the quarter and year ended December 31, 2015, include: Insurance North American P&C: For the quarter, net premiums written increased 7.4%, or 8.0% in constant dollars. For the year, net premiums written increased 10.3%, or 10.9% in constant dollars. Net premiums written, excluding the non-recurring transfer of Fireman s Fund in-force business in the second quarter of 2015, increased 6.3%, or 6.8% in constant dollars for the year. The combined ratio for the quarter was 87.2% compared with 90.2%. The combined ratio for the year was 88.1% compared with 88.4%. The current accident year combined ratio excluding catastrophe losses for the quarter was 86.7% compared with 89.1%. The current accident year combined ratio excluding catastrophe losses for the year was 86.4% compared with 88.0%. Favorable prior period development in the quarter of $19 million included $52 million of adverse development for legacy asbestos exposures. Insurance North American Agriculture: Net premiums written decreased 41.9% for the quarter and 15.3% for the year primarily due to commodity prices and statutory risk-sharing adjustments with the government. The combined ratio for the quarter was 76.4% compared with 81.8%. The combined ratio for the year was 85.5% compared with 91.1%. The current accident year combined ratio excluding catastrophe losses for the quarter was 79.2% compared with 82.4%. The current accident year combined ratio excluding catastrophe losses for the year was 88.2% compared with 87.8%. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 5

Chubb Limited News Release Insurance Overseas General: For the quarter, net premiums written decreased 9.3% (increased 3.6% in constant dollars). For the year, net premiums written decreased 5.2% (increased 7.1% in constant dollars). The combined ratio for the quarter was 87.6% compared with 86.3%. The combined ratio for the year was 87.0% compared with 85.8%. The current accident year combined ratio excluding catastrophe losses for the quarter was 89.7% compared with 89.4%. The current accident year combined ratio excluding catastrophe losses for the year was 90.1% compared with 89.9%. Global Reinsurance: For the quarter, net premiums written decreased 22.1% (decreased 20.2% in constant dollars). For the year, net premiums written decreased 11.4% (decreased 9.3% in constant dollars). The combined ratio for the quarter was 79.8% compared with 76.5%. The combined ratio for the year was 65.2% compared with 72.3%. The current accident year combined ratio excluding catastrophe losses for the quarter was 76.6% compared with 76.2%. The current accident year combined ratio excluding catastrophe losses for the year was 76.8% compared with 75.6%. Life: Operating income for the quarter was $54 million compared with $76 million. For the year, operating income was $244 million compared with $297 million. The decrease for the year was primarily due to unfavorable claims reserve development in Combined Insurance s U.S. operations of $15 million, after-tax, in 2015, compared with favorable claims reserve development of $5 million, after-tax, in 2014. The combined ratio for the year for this business was still in the low 90s following the reserve strengthening. Operating income was also impacted by unfavorable foreign currency movement. Life reinsurance operating income decreased $20 million reflecting the run-off of the company s variable annuity reinsurance business. International life insurance net premiums and deposits collected increased 0.8% for the year (increased 6.9% in constant dollars). Please refer to the Chubb Limited (Legacy ACE) Financial Supplement, dated December 31, 2015, which is posted on the company s website at investors.chubb.com, and access Financial Reports for more detailed information on individual segment performance, together with additional disclosure on reinsurance recoverable, loss reserves, investment portfolio, and debt and capital. Chubb Limited will hold its fourth quarter earnings conference call on Wednesday, January 27, 2016, beginning at 8:30 a.m. Eastern. The earnings conference call will be available via live webcast at investors.chubb.com or by dialing 888-437-9357 (within the United States) or 719-325-2447 (international), passcode 7296194. Please refer to investors.chubb.com under Events for details. A replay of the call will be available until Wednesday, February 10, 2016, and the archived webcast will be available for approximately one month. To listen to the replay, please dial 888-203-1112 (in the United States) or 719-457-0820 (international), passcode 7296194. (1) Legacy ACE or ACE is formerly ACE Limited (2) Legacy Chubb or Chubb is formerly The Chubb Corporation (3) All comparisons are with the same period last year unless specifically stated. Regulation G Non-GAAP Financial Measures In presenting our results, we included and discussed certain non-gaap measures. These non-gaap measures, which may be defined differently by other companies, are important for an understanding of our overall results of operations and financial condition. However, they should not be viewed as a substitute for measures determined in accordance with generally accepted accounting principles (GAAP). Throughout this document there are various measures presented on a constant-dollar basis (i.e., excludes the impact of foreign exchange). We believe it is useful to evaluate the trends in our results, exclusive of the effect of fluctuations in exchange rates between the U.S. dollar and the currencies in which our international business is transacted, as these exchange rates could fluctuate significantly between periods and distort the analysis of trends. The impact is determined by assuming constant foreign exchange rates between periods by translating prior period results using the same local currency exchange rates as the comparable current period. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 6

Chubb Limited News Release Adjusted net realized gains (losses), net of tax, includes net realized gains (losses) and net realized gains (losses) recorded in other income (expense) related to unconsolidated subsidiaries, and excludes realized gains and losses on crop derivatives. These derivatives were purchased to provide economic benefit, in a manner similar to reinsurance protection, in the event that a significant decline in commodity pricing impacts underwriting results. We view gains and losses on these derivatives as part of the results of our underwriting operations, and therefore realized gains (losses) from these derivatives are reclassified to adjusted losses and loss expenses. The P&C combined ratio includes adjusted losses and loss expenses in the ratio numerator. Underwriting income, P&C underwriting income, and Global P&C underwriting income are calculated by subtracting losses and loss expenses, policy benefits, policy acquisition costs and administrative expenses from net premiums earned. P&C underwriting income also includes gains (losses) on crop derivatives. We use underwriting income and operating ratios to monitor the results of our operations without the impact of certain factors, including net investment income, other income (expense), interest and income tax expense and adjusted net realized gains (losses). Current accident year underwriting income excluding catastrophe losses is underwriting income adjusted to exclude catastrophe losses and prior period development (PPD). We believe it is useful to exclude catastrophe losses, as they are not predictable as to timing and amount, and PPD as these unexpected loss developments on historical reserves are not indicative of our current underwriting performance. We believe the use of these measures enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. Operating income or income excluding adjusted net realized gains (losses), net of tax is a common performance measurement for insurance companies. We believe this presentation enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. We exclude adjusted net realized gains (losses) because the amount of these gains (losses) is heavily influenced by the availability of market opportunities. We also exclude Chubb integration and related expenses related to the acquisition due to the size, complexity, and volume of this acquisition, which may not be indicative of such future costs. We believe that excluding the Chubb integration and related expenses facilitates the comparison of our financial results to our historical operating results. These costs include legal and professional fees and all costs directly related to the integration activities of the Chubb acquisition including pre-acquisition interest expense on the $5.3 billion senior notes issued in November 2015. Operating income or income excluding adjusted net realized gains (losses) should not be viewed as a substitute for net income determined in accordance with GAAP. In addition, we disclose operating income excluding the impact of foreign exchange in order to adjust for the distortive effects of fluctuations in exchange rates. P&C combined ratio excluding catastrophe losses and PPD and current accident year P&C combined ratio excluding catastrophe losses exclude impacts of catastrophe losses and PPD. We believe this measure provides a better evaluation of our core underwriting performance and enhances the understanding of the trends in our property and casualty business that may be obscured by these items. Global P&C performance metrics comprise consolidated operating results (including corporate) and exclude the operating results of the company s Life and Insurance North American Agriculture segments. We believe that these measures are useful and meaningful to investors as they are used by management to assess the company s global P&C operations which are the most economically similar. We exclude the Insurance North American Agriculture and Life segments because the results of these businesses do not always correlate with the results of our global P&C operations. International life net premiums written and deposits collected, is adjusted to include deposits collected on universal life and investment contracts (life deposits). Life deposits are not reflected as revenues in our consolidated statements of operations in accordance with GAAP. However, we include life deposits in presenting growth in our life insurance business because new life deposits are an important component of production and key to our efforts to grow our business. Operating return on equity (ROE) or ROE calculated using operating income is an annualized financial measure. The ROE numerator includes income adjusted to exclude adjusted net realized gains (losses), net of tax and Chubb integration expenses, net of tax. The ROE denominator includes the average shareholders equity for the period adjusted to exclude unrealized gains (losses) on investments, net of tax. To annualize a quarterly rate, multiply by four. Annualized ROE Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 7

Chubb Limited News Release calculated using operating income is a useful measure as it enhances the understanding of the return on shareholders equity by highlighting the underlying profitability relative to shareholders equity excluding the effect of unrealized gains and losses on our investments. Tangible book value per common share is shareholders equity less goodwill and other intangible assets divided by the shares outstanding. We believe that goodwill and other intangible assets are not indicative of our underlying insurance results or trends and make book value comparisons to less acquisitive peer companies less meaningful. In addition, we disclose per share measures for book value and tangible book value that exclude the impact of foreign currency fluctuations during 2015 in order to adjust for the distortive effects of fluctuations in exchange rates. Other income (expense) operating excludes from consolidated Other income (expense) the portion of net realized gains and losses related to unconsolidated entities and gains and losses from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP. Net realized gains (losses) related to unconsolidated entities is excluded from operating income in order to enhance the understanding of our core results of operations as they are heavily influenced by, and fluctuate in part according to market conditions. Chubb integration and related expenses include legal and professional fees and all costs directly related to the integration activities of the Chubb acquisition as well as the pre-acquisition interest expense related to the $5.3 billion senior notes issued in November 2015 to finance a portion of the Chubb acquisition. We exclude this preacquisition interest expense from operating income because the operations for which the debt was issued were not part of our operating activities prior to the completion of the acquisition. Effective with the close of the Chubb acquisition (January 14, 2016), this debt will be considered a cost of our operations and will then be included within operating income. See reconciliation of Non-GAAP Financial Measures on pages 22-25 in the Chubb Limited (Legacy ACE) Financial Supplement. These measures should not be viewed as a substitute for net income, return on equity, or effective tax rate determined in accordance with GAAP. NM not meaningful comparison Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 8

Chubb Limited News Release Cautionary Statement Regarding Forward-Looking Statements: Forward-looking statements made in this press release, such as those related to company performance, including 2016 performance and growth opportunities, and statements about the benefits of the acquisition and integration of legacy Chubb, our plans, objectives, expectations and intentions and other statements that are not historical facts reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the following: competition, pricing and policy term trends, the levels of new and renewal business achieved, the frequency of unpredictable catastrophic events, actual loss experience, uncertainties in the reserving or settlement process, integration activities and performance of acquired companies, new theories of liability, judicial, legislative, regulatory and other governmental developments, litigation tactics and developments, investigation developments and actual settlement terms, the amount and timing of reinsurance recoverable, credit developments among reinsurers, rating agency action, possible terrorism or the outbreak and effects of war, economic, political, regulatory, insurance and reinsurance business conditions, potential strategic opportunities including acquisitions and our ability to achieve and integrate them, as well as management s response to these factors, and other factors identified in our filings with the Securities and Exchange Commission (SEC). In addition, with regard to the Legacy Chubb, important factors that could cause actual results to differ materially from those indicated by the forward-looking statements include, without limitation, the following: the possibility that any of the anticipated benefits of the Chubb acquisition transaction will not be realized; the risk that integration of Legacy Chubb s operations with those of Legacy ACE will be materially delayed or will be more costly or difficult than expected; and diversion of management s attention from ongoing business operations and opportunities. In addition, you should carefully consider the risks and uncertainties and other factors that may affect future results of the combined company described in the section entitled Risk Factors in the joint proxy statement/prospectus dated September 11, 2015 as filed with the SEC, and in Legacy ACE s and Legacy Chubb s respective filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 9

Chubb Limited News Release Chubb Limited (Legacy ACE) Summary Consolidated Balance Sheets (in millions of U.S. dollars, except per share data) (Unaudited) December 31 2015 December 31 2014 Assets Investments $ 66,251 $ 62,904 Cash 1,775 655 Insurance and reinsurance balances receivable 5,323 5,426 Reinsurance recoverable on losses and loss expenses 11,386 11,992 Other assets 17,631 17,271 Total assets $ 102,366 $ 98,248 Liabilities Unpaid losses and loss expenses $ 37,303 $ 38,315 Unearned premiums 8,439 8,222 Other liabilities 27,489 22,124 Total liabilities 73,231 68,661 Shareholders equity Total shareholders equity 29,135 29,587 Total liabilities and shareholders equity $ 102,366 $ 98,248 Book value per common share $ 89.77 $ 90.02 Tangible book value per common share $ 72.25 $ 72.61 Book value per common share excluding cumulative translation losses (1) $ 94.51 $ 91.79 Tangible book value per common share excluding cumulative translation losses (2) $ 75.30 $ 73.79 (1) Cumulative translation losses were $1.5 billion in 2015 and $582 million in 2014 (2) Cumulative translation losses were $550 million in 2015 and $194 million in 2014 Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 10

Chubb Limited News Release Chubb Limited (Legacy ACE) Summary Consolidated Financial Data (in millions of U.S. dollars, except share, per share data, and ratios) (Unaudited) Three Months Ended Year Ended December 31 December 31 2015 2014 2015 2014 Gross premiums written $ 5,639 $ 5,746 $ 23,811 $ 23,390 Net premiums written 4,144 4,326 17,713 17,799 Net premiums earned 4,207 4,370 17,213 17,426 Losses and loss expenses 2,302 2,416 9,484 9,649 Policy benefits 159 134 543 517 Policy acquisition costs 736 764 2,941 3,075 Administrative expenses 570 590 2,270 2,245 Net investment income 532 577 2,194 2,252 Net realized gains (losses) (60) (210) (420) (507) Interest expense 93 67 300 280 Other income (expense): Gains (losses) from separate account assets 13 (3) (19) 2 Other (23) 54 70 188 Amortization of intangible assets 35 30 171 108 Chubb integration expenses 24 33 Income tax expense 67 232 462 634 Net income $ 683 $ 555 $ 2,834 $ 2,853 Diluted earnings per share: Operating income $ 2.38 $ 2.47 $ 9.76 $ 9.79 Net income $ 2.08 $ 1.66 $ 8.62 $ 8.42 Weighted average diluted shares outstanding 327.8 334.6 328.8 339.0 P&C combined ratio Loss and loss expense ratio 58.0% 58.6% 58.2% 58.3% Policy acquisition cost ratio 16.2% 16.6% 16.1% 16.8% Administrative expense ratio 13.5% 13.3% 13.1% 12.6% P&C combined ratio 87.7% 88.5% 87.4% 87.7% P&C underwriting income $ 453 $ 444 $ 1,930 $ 1,898 Other income (expense) operating $ (6) $ 5 $ 3 $ (3) Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 11

Chubb Limited News Release Chubb Limited (Legacy ACE) Consolidated Supplemental Segment Information (in millions of U.S. dollars) (Unaudited) Gross Premiums Written Three Months Ended Year Ended December 31 December 31 2015 2014 2015 2014 Insurance North American P&C $ 2,722 $ 2,539 $ 10,124 $ 9,036 Insurance North American Agriculture 270 302 2,207 2,378 Insurance Overseas General 1,990 2,212 8,476 8,853 Global Reinsurance 109 140 883 994 Life 548 553 2,121 2,129 Total $ 5,639 $ 5,746 $ 23,811 $ 23,390 Net Premiums Written Insurance North American P&C $ 1,791 $ 1,669 $ 6,907 $ 6,263 Insurance North American Agriculture 142 244 1,346 1,590 Insurance Overseas General 1,587 1,749 6,634 6,999 Global Reinsurance 109 141 828 935 Life 515 523 1,998 2,012 Total $ 4,144 $ 4,326 $ 17,713 $ 17,799 Net Premiums Earned Insurance North American P&C $ 1,686 $ 1,560 $ 6,582 $ 6,107 Insurance North American Agriculture 240 327 1,364 1,526 Insurance Overseas General 1,575 1,758 6,471 6,805 Global Reinsurance 200 226 849 1,026 Life 506 499 1,947 1,962 Total $ 4,207 $ 4,370 $ 17,213 $ 17,426 Operating Income (loss) Insurance North American P&C $ 389 $ 372 $ 1,455 $ 1,498 Insurance North American Agriculture 43 45 149 96 Insurance Overseas General 261 294 1,072 1,163 Global Reinsurance 109 127 572 562 Life 54 76 244 297 Corporate (76) (87) (282) (296) Total $ 780 $ 827 $ 3,210 $ 3,320 Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 12

Chubb Limited News Release The discussion of The Chubb Corporation represents Legacy Chubb results for fourth quarter and full year 2015 on a standalone basis and does not include the results of Legacy ACE. Chubb Limited Reports Legacy Chubb Fourth Quarter Net Income per Share of $2.88; Operating Income per Share of $2.03; Combined Ratio of 86.3% Net income for the fourth quarter ended December 31, 2015 was $666 million compared to $558 million in the fourth quarter of 2014. Net income per share increased 23% to $2.88 from $2.35. Operating income, which the company defines as net income excluding after-tax realized investment gains and losses, was $469 million in the fourth quarter of 2015 compared to $544 million in the fourth quarter of 2014. Operating income per share decreased 11% to $2.03 from $2.29. Operating income decreased due to both lower underwriting income and lower property and casualty investment income. Underwriting income was adversely affected by the impact of higher catastrophe losses of $0.14 per share and investment income decreased $0.03 per share due to a decline in the average yield on the portfolio in part due to the accumulation of short term invested assets in preparation for the merger and unfavorable foreign currency movement. Operating income per share also reflected the impact of one-time expenses related to the merger with Legacy ACE of $0.09 per share and a decline in investment income. Chubb Corporation (Legacy Chubb) Fourth Quarter Summary (in millions, except per share amounts) (Unaudited) (Per Share Diluted) 2015 2014 Change 2015 2014 Change Operating income $ 469 $ 544 (13.8)% $ 2.03 $ 2.29 (11.4)% Realized investment gains after-tax 197 14 NM 0.85 0.06 NM Net income $ 666 $ 558 19.4% $ 2.88 $ 2.35 22.6% For the year ended December 31, 2015, net income increased to $2.1 billion. Net income per share for the year increased 7% to $9.21 from $8.62. Operating income for 2015 was flat at $1.9 billion. Operating income per share for 2015 increased 5% to $8.04 from $7.63. Operating income per share for the year reflected an increase in underwriting income, including a $0.22 per share negative impact from higher catastrophe losses, and a decrease in property and casualty investment income. Underwriting results improved due to a lower current accident year loss ratio excluding catastrophes. Property and casualty investment income decreased due to a decline in the average yield of the investment portfolio and unfavorable foreign currency movement. Operating income per share also reflected one-time merger-related expenses of $0.17 per share. Chubb Corporation (Legacy Chubb) Full Year Summary (in millions, except per share amounts) (Unaudited) (Per Share Diluted) 2015 2014 Change 2015 2014 Change Operating income $ 1,864 $ 1,858 0.3% $ 8.04 $ 7.63 5.4% Realized investment gains after-tax 272 242 12.4% 1.17 0.99 18.2% Net income $ 2,136 $ 2,100 1.7% $ 9.21 $ 8.62 6.8% Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 13

Chubb Limited News Release Operating highlights for the quarter and full year ended December 31, 2015, were as follows: Net written premiums for the fourth quarter of 2015 declined 3% (increased 1% in constant dollars) to $3.0 billion from $3.1 billion in the fourth quarter of 2014. Premiums were up 1% in the U.S. and down 14% outside the U.S. (flat in constant dollars). For the year, net written premiums for 2015 were flat at $12.6 billion, or up 3% in constant dollars. Premiums were up 4% in the U.S. and down 10% outside the U.S. (up 3% in constant dollars). The impact of catastrophes in the fourth quarter was $74 million before tax ($0.21 per share after-tax) in 2015 compared to $25 million before tax ($0.07 per share aftertax) in 2014. For the year, the impact of catastrophes in 2015 was $504 million before tax ($1.41 per share after-tax), compared to $444 million before tax ($1.19 per share after-tax) in 2014. The fourth quarter combined loss and expense ratio was 86.3% in 2015 compared to 84.3% in 2014. The impact of catastrophes accounted for 2.4 percentage points of the combined ratio in the fourth quarter of 2015 compared to 0.8 points in the fourth quarter of 2014. Excluding the impact of catastrophes, the fourth quarter combined ratio was 83.9% in 2015 compared to 83.5% in 2014. For the year, the combined ratio was 87.2% in 2015 compared to 88.3% in 2014. The impact of catastrophes accounted for 4.0 percentage points of the combined ratio in 2015 and 3.6 points in 2014. Excluding the impact of catastrophes, the combined ratio improved to 83.2% in 2015 from 84.7% in 2014. Fourth quarter favorable development before tax on prior-year reserves was approximately $150 million in 2015, compared to $155 million in 2014. The favorable impact of reserve development on the fourth quarter combined ratio was about 4.8 points in 2015 and 5.0 points in 2014. The fourth quarter impact on development from prior-year catastrophes was 0.2 points favorable in 2015 and 0.3 points adverse in 2014. For the year, favorable development before tax on prior year reserves for 2015 totaled about $625 million and had a favorable impact on the combined ratio of approximately 5.0 points, compared to $635 million in 2014 and a favorable impact on the combined ratio of approximately 5.2 points. The impact on development from prior-year catastrophes was 0.1 points favorable in 2015 and 0.1 points adverse in 2014. The expense ratio for the fourth quarter of 2015 was 31.7% compared to 30.5% in the corresponding year-earlier quarter. The expense ratio for the year was 31.5% in 2015 and 31.4% in 2014. Property and casualty investment income after taxes for the fourth quarter declined 6% to $252 million in 2015 from $267 million in 2014. For the year, property and casualty investment income after taxes declined 5% to $1.0 billion in 2015 from $1.1 billion in 2014. The decline in both the quarter and the year was due to a decline in the average yield of the investment portfolio compared to the average yield in the comparable period in the prior year and unfavorable foreign currency movement. The decrease in the average yield resulted primarily from lower reinvestment yields available on securities purchased during the year. The decline in investment income also reflected the accumulation of short term invested assets in preparation for the merger. Results for the fourth quarter of 2015 include approximately $20 million before tax ($0.09 per share after-tax) for professional services expenses related to the merger with Legacy ACE, which was completed on January 14, 2016. For the year, results include approximately $42 million before tax ($0.17 per share after-tax) for professional services expenses related to the merger with Legacy ACE. These expenses are included under Corporate and Other in the supplementary financial data. Book value per share at December 31, 2015 was $73.38, compared to $70.12 at year-end 2014 and $72.09 on September 30, 2015. Net income for the fourth quarter of 2015 reflected net realized investment gains of $302 million before tax ($0.85 per share after-tax), nearly all from the sale of equity securities, compared to gains of $18 million before tax ($0.06 per share after-tax) in the fourth quarter of 2014. Fourth quarter net realized investment gains included losses from alternative investments of $0.08 per share in 2015 and $0.01 per share in 2014. For the year, net realized investment gains were $415 million before tax ($1.17 per share after-tax). Net income for 2014 reflected net realized investment gains of $369 million before tax ($0.99 per share after-tax). Net realized investment gains included gains from alternative investments of $0.14 per share in 2015 and $0.40 per share in 2014. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 14

Chubb Limited News Release Average diluted shares outstanding for the fourth quarter were 231.2 million in 2015 and 237.8 million in 2014. For the year, average diluted shares outstanding were 231.9 million in 2015 and 243.5 million in 2014. Operations Review Chubb Personal Insurance (CPI) net written premiums declined 3% (increased 2% in constant dollars) in the quarter to $1.1 billion. Net written premiums were up 4% in the U.S. and down 23% outside the U.S. (down 7% in constant dollars). CPI s combined ratio was 85.1% compared to 83.9% in 2014. The impact of catastrophes in the fourth quarter accounted for 1.5 percentage points of the combined ratio in 2015 and 0.1 points in 2014. Excluding the impact of catastrophes, CPI s fourth quarter combined ratio was 83.6% in 2015 and 83.8% in 2014. Fourth quarter development before tax on prior-year CPI reserves was insignificant in 2015, compared to approximately $15 million favorable in 2014. For the year, net written premiums were flat (increased 4% in constant dollars) at $4.5 billion. Net written premiums were up 5% in the U.S. and down 15% outside the U.S. (down 1% in constant dollars). The CPI combined ratio was 91.1% compared to 90.9%. The impact of catastrophes accounted for 7.4 percentage points of the combined ratio in 2015 and 5.5 points in 2014. Excluding the impact of catastrophes, CPI s combined ratio was 83.7% in 2015 and 85.4% in 2014. Favorable development before tax on prior-year CPI reserves was approximately $20 million in 2015, compared to $45 million in 2014. Homeowners net written premiums increased 1% (increased 4% in constant dollars) in the quarter. Net written premiums were up 4% in the U.S. and down 13% outside the U.S. (flat in constant dollars). The combined ratio was 77.4% for the quarter. Excluding a 2.3 percentage point impact of catastrophes, the Homeowners combined ratio was 75.1%. For the year, Homeowners net written premiums increased 2% (increased 4% in constant dollars). Net written premiums were up 4 % in the U.S. and down 10% outside the U.S. (up 2% in constant dollars). The combined ratio was 88.1% (76.4% excluding the impact of catastrophes). Personal Automobile net written premiums declined 11% (down 2% in constant dollars) in the quarter. Net written premiums were up 5 % in the U.S. and down 37% outside the U.S. (down 17% in constant dollars). Automobile net premiums written outside the U.S. were negatively impacted by our decision to re-underwrite the Brazil personal automobile business, which accounted for the entire decline in constant dollars. The combined ratio was 99.7% for the quarter. For the year, net written premiums were down 5% (increased 2% in constant dollars). Net written premiums were up 4% in the U.S. for the year and down 20% outside the U.S. (down 3% in constant dollars). The combined ratio was 98.5%. Other Personal lines net written premiums were down 8% (down 1% in constant dollars) in the quarter. Net written premiums were up 3 % in the U.S. and down 24% outside the U.S. (down 8% in constant dollars). The combined ratio was 96.9% for the quarter. For the year, net written premiums were down 1% (increased 4% in constant dollars). Net written premiums were up 8 % in the U.S. and down 16% outside the U.S. (down 2% in constant dollars). The combined ratio was 94.3%. Chubb Commercial Insurance (CCI) net written premiums declined 4% (down 1% in constant dollars) in the quarter to $1.3 billion. Net written premiums were down 2% in the U.S. and down 10% outside the U.S. (up 3% in constant dollars). The combined ratio for the fourth quarter was 91.9% in 2015 compared to 88.5% in 2014. The impact of catastrophes in the fourth quarter accounted for 4.2 percentage points of the combined ratio in 2015 and 1.8 points in 2014. Excluding the impact of catastrophes, CCI s fourth quarter combined ratio was 87.7% in 2015 and 86.7% in 2014. Fourth quarter favorable development before tax on prior-year CCI reserves was approximately $80 million in 2015, compared to $50 million in 2014. Average fourth quarter renewal rates in the U.S. were flat for CCI, which retained 88% of the U.S. premiums that came up for renewal. In the U.S., the ratio of new to lost business was 1.0 to 1. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 15

Chubb Limited News Release For the year, net written premiums increased 1% (up 4% in constant dollars) to $5.5 billion. Net written premiums were up 4% in the U.S. and down 7% outside the U.S. (up 5% in constant dollars). The CCI combined ratio was 89.0% in 2015 and 89.9% in 2014. The impact of catastrophes accounted for 3.2 percentage points of the combined ratio in 2015 and 3.8 points in 2014. Excluding the impact of catastrophes, CCI s combined ratio was 85.8% in 2015 and 86.1% in 2014. Favorable development before tax on prior-year CCI reserves was approximately $275 million in 2015, compared to $265 million in 2014. In the U.S., average 2015 CCI renewal rates were flat, renewal premium retention was 88% and the ratio of new to lost business was 1.2 to 1. Chubb Specialty Insurance (CSI) net written premiums declined 1% (increased 2% in constant dollars) in the quarter to $691 million. Net written premiums were flat in the U.S. and down 6% outside the U.S. (up 6% in constant dollars). The combined ratio was 77.6% in 2015 compared to 76.7% in 2014. Fourth quarter favorable development before tax on prior-year CSI reserves was approximately $70 million in 2015, compared to $90 million in 2014. For the year, net written premiums declined 1% (increased 2% in constant dollars) to $2.6 billion. Net written premiums were up 2% in the U.S. and down 8% outside the U.S. (up 4% in constant dollars). The combined ratio was 77.3% in 2015 and 80.5% in 2014. Favorable development before tax on prior-year CSI reserves was approximately $320 million in 2015, compared to $325 million in 2014. Professional Liability (PL) net written premiums were down 2% in the quarter (up 1% in constant dollars). Net written premiums were down 1% in the U.S. and down 5% outside the U.S. (up 7% in constant dollars). For the year, net written premiums were down 2% (up 2% in constant dollars). Net written premiums were up 1% in the U.S. and down 9% outside the U.S. (up 3% in constant dollars). The combined ratio was 82.1% for the quarter and 81.5% for the year. In the U.S., average fourth quarter PL renewal rates were flat, premium renewal retention was 90% and the ratio of new to lost business was 1.2 to 1. For the year, in the U.S., average 2015 renewal rates for PL were up 2%, renewal premium retention was 89% and the ratio of new to lost business was 1.3 to 1. Surety net written premiums were up 3%, (up 7% in constant dollars), in both the quarter and year. Net written premiums were up 10% in the U.S. for the quarter and down 12% outside the U.S. (flat in constant dollars). For the year, net written premiums were up 5% in the U.S. and down 2% outside the U.S. (up 13% in constant dollars). The combined ratio was 43.2% for the quarter and 45.9% for the year. Reinsurance Assumed, which is in runoff, had insignificant development on its prior-year reserves in the fourth quarters of both 2015 and 2014. For the year, Reinsurance Assumed had favorable development before tax on its prior-year reserves of approximately $10 million in 2015, compared to an insignificant amount in 2014. Please refer to the Chubb Limited (Legacy Chubb Corporation) Financial Supplement, dated December 31, 2015, which is posted on the company s website at investors.chubb.com, and access Financial Reports for more detailed information on individual segment performance. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 16

Chubb Limited News Release Chubb Corporation (Legacy Chubb) Supplementary Financial Data (in millions) (Unaudited) Periods Ended December 31 Fourth Quarter Twelve Months 2015 2014 2015 2014 PROPERTY AND CASUALTY INSURANCE Underwriting Net Premiums Written $ 3,047 $ 3,138 $ 12,633 $ 12,592 Decrease (Increase) in Unearned Premiums 67 (22) (115) (264) Premiums Earned 3,114 3,116 12,518 12,328 Losses and Loss Expenses 1,693 1,669 6,953 6,985 Operating Costs and Expenses 963 954 3,962 3,941 Decrease (Increase) in Deferred Policy Acquisition Costs 12 3 (32) (45) Dividends to Policyholders 11 13 42 45 Underwriting Income 435 477 1,593 1,402 Investments Investment Income Before Expenses 318 334 1,300 1,368 Investment Expenses 12 9 45 39 Investment Income 306 325 1,255 1,329 Other Charges (4) (8) (4) Property and Casualty Income 737 802 2,840 2,727 Corporate and Other (91) (58) (300) (235) Consolidated Operating Income Before Income Tax 646 744 2,540 2,492 Federal and Foreign Income Tax 177 200 676 634 Consolidated Operating Income 469 544 1,864 1,858 Realized Investment Gains After Income Tax 197 14 272 242 Consolidated Net Income $ 666 $ 558 $ 2,136 $ 2,100 Property and Casualty Investment Income After Income Tax $ 252 $ 267 $ 1,034 $ 1,089 Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 17

Chubb Limited News Release Chubb Corporation (Legacy Chubb) Property and Casualty Product Mix (in millions) (Unaudited) Combined Loss and Expense Net Premiums Written Ratios Quarters Ended December 31 2015 2014 % Increase (Decrease) C$ % Increase (Decrease) 2015 2014 Personal Insurance Automobile $ 162 $ 182 (11)% (2)% 99.7% 95.2% Homeowners 682 672 1 4 77.4 76.5 Other 243 265 (8) (1) 96.9 95.1 Total Personal 1,087 1,119 (3) 2 85.1 83.9 Commercial Insurance Multiple Peril 270 284 (5) (2) 96.1 85.4 Casualty 376 393 (4) (1) 85.7 99.8 Workers Compensation 291 284 2 3 87.0 80.2 Property and Marine 331 357 (7) (4) 99.6 84.4 Total Commercial 1,268 1,318 (4) (1) 91.9 88.5 Specialty Insurance Professional Liability 616 628 (2) 1 82.1 80.3 Surety 75 73 3 7 43.2 48.6 Total Specialty 691 701 (1) 2 77.6 76.7 Total Insurance 3,046 3,138 (3) 1 86.4 84.3 Reinsurance Assumed 1 * * * * Total $ 3,047 $ 3,138 (3) 1 86.3 84.3 Twelve Months Ended December 31 Personal Insurance Automobile $ 701 $ 740 (5)% 2% 98.5% 96.8% Homeowners 2,821 2,765 2 4 88.1 88.3 Other 988 1,003 (1) 4 94.3 94.0 Total Personal 4,510 4,508 4 91.1 90.9 Commercial Insurance Multiple Peril 1,113 1,121 (1) 2 90.7 87.6 Casualty 1,619 1,644 (2) 2 85.8 92.5 Workers Compensation 1,280 1,158 11 11 87.2 83.1 Property and Marine 1,462 1,479 (1) 2 92.9 94.0 Total Commercial 5,474 5,402 1 4 89.0 89.9 Specialty Insurance Professional Liability 2,340 2,381 (2) 2 81.5 82.2 Surety 309 300 3 7 45.9 67.3 Total Specialty 2,649 2,681 (1) 2 77.3 80.5 Total Insurance 12,633 12,591 3 87.3 88.3 Reinsurance Assumed 1 * * * * Total $ 12,633 $ 12,592 3 87.2 88.3 *The change in net premiums written and the combined loss and expense ratios are no longer presented for the Reinsurance Assumed business since it is in runoff. C$ = constant dollars (excluding the effect of foreign currency translation) Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 18

Chubb Limited News Release Definitions of Key Terms Operating Income: Operating income, a non-gaap financial measure, is net income excluding after-tax realized investment gains and losses. Management uses operating income, among other measures, to evaluate its performance because the realization of investment gains and losses in any given period is largely discretionary as to timing and can fluctuate significantly, which could distort the analysis of trends. Underwriting Income (Loss): Management evaluates underwriting results separately from investment results. The underwriting operations consist of four separate business units: personal insurance, commercial insurance, specialty insurance and reinsurance assumed. Performance of the business units is measured based on statutory underwriting results. Statutory accounting principles applicable to property and casualty insurance companies differ in certain respects from GAAP. Under statutory accounting principles, policy acquisition and other underwriting expenses are recognized immediately, not at the time premiums are earned. Statutory underwriting income (loss) is arrived at by reducing premiums earned by losses and loss expenses incurred and statutory underwriting expenses incurred. Management uses underwriting results determined in accordance with GAAP, among other measures, to assess the overall performance of the underwriting operations. To convert statutory underwriting results to a GAAP basis, certain policy acquisition expenses are deferred and amortized over the period in which the related premiums are earned. Underwriting income (loss) determined in accordance with GAAP is defined as premiums earned less losses and loss expenses incurred and GAAP underwriting expenses incurred. Property and Casualty Investment Income After Income Tax: Management uses property and casualty investment income after income tax, a non-gaap financial measure, to evaluate its investment results because it reflects the impact of any change in the proportion of tax exempt investment income to total investment income and is therefore more meaningful for analysis purposes than investment income before income tax. Combined Loss and Expense Ratio or Combined Ratio: The combined loss and expense ratio, expressed as a percentage, is the key measure of underwriting profitability. Management uses the combined loss and expense ratio calculated in accordance with statutory accounting principles applicable to property and casualty insurance companies to evaluate the performance of the underwriting operations. It is the sum of the ratio of losses and loss expenses to premiums earned (loss ratio) and the ratio of statutory underwriting expenses to premiums written (expense ratio) after reducing both premium amounts by dividends to policyholders. Net Written Premiums Growth (Decrease) in Constant Dollars: Management uses growth in net premiums written in constant dollars, a non-gaap financial measure, to evaluate the trends in net premiums written, exclusive of the effect of fluctuations in exchange rates between the U.S. dollar and the foreign currencies in which business is transacted. The impact of foreign currency translation is excluded as exchange rates may fluctuate significantly and the effect of fluctuations could distort the analysis of trends. When excluding the effect of foreign currency translation on growth, management uses the current period average exchange rates to translate both the current period and the prior period foreign currency denominated net premiums written amounts. About the new Chubb Chubb is the world s largest publicly traded property and casualty insurance company. With operations in 54 countries, 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. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 19

Chubb Limited News Release 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 and other locations, and employs approximately 30,000 people worldwide. Additional information can be found at: new.chubb.com. Investor Contact Helen Wilson: (441) 299-9283; helen.wilson@chubb.com Media Contact Jeffrey Zack: (212) 827-4444; jeffrey.zack@chubb.com Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb Limited. 20

Exhibit 99.2 Chubb Limited Financial Supplement Legacy ACE Limited Financial Results for the Quarter and Year Ended December 31, 2015 Investor Contact Helen M. Wilson Phone: (441) 299-9283 email: investorrelations@chubb.com This report is for informational purposes only. It should be read in conjunction with documents filed by Chubb Limited with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Cautionary Statement Regarding Forward-Looking Statements: Any forward-looking statements made in this financial supplement reflect Chubb s current views with respect to future events and financial performance 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 as indicated by such statements. For example, forward-looking statements related to financial performance including exposures, reserves and recoverables could be affected by the frequency of unpredictable catastrophic events, actual loss experience, uncertainties in the reserving or settlement process, currency exchange fluctuations, new theories of liability, judicial, legislative, regulatory and other governmental developments, litigation tactics and developments, investigation developments and actual settlement terms, the amount and timing of reinsurance receivable and credit developments among reinsurers. Our forward-looking statements could also be affected by competition, pricing and policy term trends, market acceptance, changes in demand, actual market developments, rating agency action, possible terrorism or the outbreak and effects of war. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

ChubbLimited FinancialSupplementTableofContents Page I. FinancialHighlights - Consolidated Financial Highlights 1 II. ConsolidatedResults - Consolidated Results - Consecutive Quarters 2 - Summary Consolidated Balance Sheets 3 - Consolidated Premiums and Operating Income by Line of Business 4 III. GlobalP&CResults - Global P&C Results - Consecutive Quarters 5 IV. SegmentResults - Insurance North American - For Reference Only 6 - Insurance North American P&C 7 - Insurance North American Agriculture 8 - Insurance Overseas General 9 - Global Reinsurance 10 - Life 11 V. BalanceSheetDetails - Loss Reserve Rollforward 12 - Reinsurance Recoverable Analysis 13 - Investment Portfolio 14-17 - Net Realized and Unrealized Gains (Losses) 18 - Debt and Capital 19 - Computation of Basic and Diluted Earnings Per Share 20 - Book Value and Book Value per Common Share 21 VI. OtherDisclosures - Non-GAAP Financial Measures 22-25 - Glossary 26

ChubbLimited ConsolidatedFinancialHighlights (inmillionsofu.s.dollars,exceptshare,persharedata,andratios) (Unaudited) Note: All dollar amounts in the Financial Supplement are rounded. However, percent changes and ratios are calculated using whole dollars. Accordingly, calculations using rounded dollars may differ. Constant$ Constant$ %Change %Change %Change %Change ThreemonthsendedDecember31 4Q-15vs. Constant$ 4Q-15vs. YearendedDecember31 2015vs. Constant$ 2015vs. 2015 2014 4Q-14 2014(1) 4Q-14(1) 2015 2014 2014 2014(1) 2014(1) Gross premiums written $ 5,639 $ 5,746-1.9% $ 5,432 3.8% $ 23,811 $ 23,390 1.8% $ 22,260 7.0% Net premiums written $ 4,144 $ 4,326-4.2% $ 4,066 1.9% $ 17,713 $ 17,799-0.5% $ 16,853 5.1% P&C net premiums written (2) $ 3,629 $ 3,803-4.6% $ 3,570 1.7% $ 15,715 $ 15,787-0.5% $ 14,925 5.3% Global P&C net premiums written (2) $ 3,487 $ 3,559-2.0% $ 3,326 4.9% $ 14,369 $ 14,197 1.2% $ 13,336 7.7% Net premiums earned $ 4,207 $ 4,370-3.7% $ 4,118 2.2% $ 17,213 $ 17,426-1.2% $ 16,499 4.3% Net investment income $ 532 $ 577-7.7% $ 563-5.4% $ 2,194 $ 2,252-2.6% $ 2,209-0.7% Operating income $ 780 $ 827-5.8% $ 793-1.6% $ 3,210 $ 3,320-3.3% $ 3,201 0.3% Net income $ 683 $ 555 23.0% $ 2,834 $ 2,853-0.7% Comprehensive income $ 140 $ 138 1.9% $ 908 $ 2,892-68.6% Operating cash flow $ 1,165 $ 1,274 $ 3,864 $ 4,496 P&Ccombinedratio(2) Loss and loss expense ratio 58.0% 58.6% 58.2% 58.3% Underwriting and administrative expense ratio 29.7% 29.9% 29.2% 29.4% Combined ratio 87.7% 88.5% 87.4% 87.7% Operating return on equity (ROE) 11.1% 11.8% 11.5% 12.0% ROE 9.4% 7.5% 9.7% 9.8% Operating effective tax rate (3) 11.1% 12.7% 13.3% 13.9% Effective tax rate (4) 9.0% 29.5% 14.0% 18.2% Dilutedearningsper share Operating income $ 2.38 $ 2.47-3.6% $ 9.76 $ 9.79-0.3% Net income $ 2.08 $ 1.66 25.3% $ 8.62 $ 8.42 2.4% Book value per common share $ 89.77 $ 90.02-0.3% Book value per common share excluding foreign currency (5) $ 92.92 $ 90.02 3.2% Tangible book value per common share $ 72.25 $ 72.61-0.5% Tangible book value per common share excluding foreign currency (5) $ 74.30 $ 72.61 2.3% Tangible book value per common share excluding acquisitions (5) $ 73.72 $ 72.61 1.5% Tangible book value per common share excluding acquisitions and foreign currency (5) (6) $ 75.76 $ 72.61 4.3% Weighted average basic common shares outstanding 324.6 331.1 325.6 335.6 Weighted average diluted common shares outstanding 327.8 334.6 328.8 339.0 Total hybrid & financial debt/capitalization (7) 25.1% 14.0% (1) Prior periods on a constant dollar basis. (2) See non-gaap financial measures. (3) Operating effective tax rate is dependent upon the mix of earnings from different jurisdictions with various tax rates. A change in the geographic mix of earnings would change the effective tax rate. The decrease in the operating effective tax rate for the quarter was primarily due to a higher percentage of operating earnings being generated in lower tax paying jurisdictions. (4) Q4 2014 and full year 2014 include $115 million due to a deferred tax charge related to unrealized foreign exchange losses. (5) For 2015, book value per common share and tangible book value per common share exclude the impact of foreign currency movement during the year. (6) For 2015, tangible book value per common share excludes the impact from goodwill and intangibles relating to the acquisition of the Fireman's Fund high net worth personal lines insurance business in the United States of $474 million. (7) The leverage ratio in 2015 is higher primarily due to the issuance of $5.3 billion senior notes in November 2015 to finance a portion of the Chubb Corporation acquisition. See Debt and Capital page 19 for additional information. Financial Highlights Page 1

ChubbLimited ConsolidatedResults-ConsecutiveQuarters (inmillionsofu.s.dollars,exceptratios) (Unaudited) FullYear FullYear ChubbLimitedConsolidated 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 ConsolidatedResults(IncludingCorporate)ExcludingLife Segment(1) Gross premiums written $ 5,091 $ 5,824 $ 5,975 $ 4,800 $ 5,193 $ 21,690 $ 21,261 Net premiums written 3,629 4,217 4,284 3,585 3,803 15,715 15,787 Net premiums earned 3,701 4,239 3,873 3,453 3,871 15,266 15,464 Adjusted losses and loss expenses (1) 2,146 2,494 2,282 1,970 2,269 8,892 9,009 Policy acquisition costs 602 654 609 600 641 2,465 2,597 Administrative expenses 500 494 504 481 517 1,979 1,960 Underwriting income 453 597 478 402 444 1,930 1,898 Net investment income 465 483 496 485 508 1,929 1,984 Adjusted interest expense (2) 63 67 69 67 66 266 269 Other income (expense) - operating (3) (2) 11 (2) - 4 7 2 Amortization of intangible assets 34 51 54 30 29 169 105 Income tax expense 93 133 128 111 110 465 487 Operating income (including Corporate) excluding Life segment 726 840 721 679 751 2,966 3,023 Lifesegmentoperatingincome 54 57 67 66 76 244 297 Consolidated operating income 780 897 788 745 827 3,210 3,320 Chubb integration and related expenses, net of tax (35) (7) - - - (42) - Adjusted net realized gains (losses) (1) (57) (393) 128 (89) (210) (411) (558) Net realized gains (losses) related to unconsolidated entities (17) 25 33 26 49 67 191 Income tax expense (benefit) on adjusted net realized gains (losses) (12) (6) 7 1 111 (10) 100 Consolidated net income $ 683 $ 528 $ 942 $ 681 $ 555 $ 2,834 $ 2,853 %Changeversusprioryearperiod(1) Net premiums written as reported -4.6% -0.4% 5.5% -2.9% 2.4% -0.5% 4.9% Net premiums earned as reported -4.4% -0.6% 0.8% -1.0% -0.3% -1.3% 5.1% Net premiums written constant $ 1.7% 5.6% 11.6% 1.7% 5.0% 5.3% 5.9% Net premiums earned constant $ 1.6% 5.4% 7.0% 3.5% 2.1% 4.4% 6.2% Otherratios Net premiums written/gross premiums written (1) 71% 72% 72% 75% 73% 72% 74% Operating effective tax rate 11.1% 13.5% 14.7% 13.7% 12.7% 13.3% 13.9% P&Ccombinedratio(1) Loss and loss expense ratio 58.0% 58.8% 58.9% 57.1% 58.6% 58.2% 58.3% Policy acquisition cost ratio 16.2% 15.4% 15.7% 17.4% 16.6% 16.1% 16.8% Administrative expense ratio 13.5% 11.7% 13.1% 13.9% 13.3% 13.1% 12.6% Combined ratio 87.7% 85.9% 87.7% 88.4% 88.5% 87.4% 87.7% Combined ratio excluding catastrophe losses and PPD 88.4% 89.2% 88.4% 89.3% 89.5% 88.8% 89.3% P&C expense ratio 29.7% 27.1% 28.8% 31.3% 29.9% 29.2% 29.4% P&C expense ratio excluding A&H 26.3% 23.6% 25.5% 27.9% 26.7% 25.7% 26.0% Catastrophe reinstatement premiums collected - pre-tax $ (1) $ - $ - $ - $ 2 $ (1) $ 3 Catastrophe losses - pre-tax $ 74 $ 72 $ 124 $ 51 $ 71 $ 321 $ 291 Favorable prior period development (PPD) - pre-tax $ (100) $ (210) $ (153) $ (83) $ (107) $ (546) $ (527) Loss and loss expense ratio excluding catastrophe losses and PPD 58.5% 62.2% 59.7% 58.1% 59.6% 59.7% 59.8% (1) See non-gaap financial measures. (2) Excludes the pre-acquisition interest expense on the $5.3 billion senior notes issued in November 2015. See non-gaap financial measures. (3) Excludes portion of net realized investment gains and losses related to unconsolidated entities. Consolidated Results Page 2

ChubbLimited SummaryConsolidatedBalanceSheets (inmillionsofu.s.dollars,exceptpersharedata) (Unaudited) December31 September30 June30 March31 December31 2015 2015 2015 2015 2014 Assets Fixed maturities available for sale, at fair value $ 43,587 $ 48,278 $ 48,701 $ 50,410 $ 49,395 Fixed maturities held to maturity, at amortized cost 8,430 8,564 8,676 6,982 7,331 Equity securities, at fair value 497 464 498 536 510 Short-term investments, at fair value 10,446 1,808 2,062 2,536 2,322 Other investments 3,291 3,270 3,328 3,430 3,346 Total investments 66,251 62,384 63,265 63,894 62,904 Cash 1,775 1,038 790 948 655 Securities lending collateral 1,046 1,011 1,080 1,033 1,330 Insurance and reinsurance balances receivable 5,323 5,290 5,757 5,026 5,426 Reinsurance recoverable on losses and loss expenses 11,386 11,231 11,775 11,588 11,992 Deferred policy acquisition costs 2,873 2,809 2,806 2,683 2,601 Value of business acquired 395 410 434 440 466 Prepaid reinsurance premiums 2,082 2,059 2,238 1,981 2,026 Goodwill and other intangible assets 5,683 5,713 5,969 5,516 5,724 Deferred tax assets 318 395 285 224 295 Investments in partially-owned insurance companies 653 654 638 590 504 Other assets 4,581 4,766 4,803 4,475 4,325 Total assets $ 102,366 $ 97,760 $ 99,840 $ 98,398 $ 98,248 Liabilities Unpaid losses and loss expenses $ 37,303 $ 37,564 $ 38,230 $ 37,326 $ 38,315 Unearned premiums 8,439 8,510 8,879 8,182 8,222 Future policy benefits 4,807 4,776 4,835 4,744 4,754 Insurance and reinsurance balances payable 4,270 4,225 4,602 4,198 4,095 Securities lending payable 1,047 1,012 1,081 1,034 1,331 Accounts payable, accrued expenses, and other liabilities (1) 7,609 7,380 7,492 7,596 7,128 Short-term debt (1) - 700 700 1,150 1,150 Long-term debt 9,447 4,157 4,157 4,157 3,357 Trust preferred securities 309 309 309 309 309 Total liabilities 73,231 68,633 70,285 68,696 68,661 Shareholders equity Total shareholders equity, excl. AOCI 29,870 29,319 28,948 28,550 28,396 Accumulated other comprehensive income (AOCI) (735) (192) 607 1,152 1,191 Total shareholders equity 29,135 29,127 29,555 29,702 29,587 Total liabilities and shareholders equity $ 102,366 $ 97,760 $ 99,840 $ 98,398 $ 98,248 Bookvaluepercommonshare $ 89.77 $ 89.88 $ 91.27 $ 90.81 $ 90.02 % change over prior quarter -0.1% -1.5% 0.5% 0.9% -0.4% Tangiblebookvaluepercommonshare $ 72.25 $ 72.25 $ 72.84 $ 73.94 $ 72.61 % change over prior quarter 0.0% -0.8% -1.5% 1.8% -1.9% (1) Effective Q4 2015, repurchase agreements (previously reported in Short-term debt) is now reported in Accounts payable, accrued expenses, and other liabilities. Prior period amounts are reclassified to conform to the current presentation Consol Bal Sheet Page 3

ChubbLimited ConsolidatedPremiumsandOperatingIncomebyLineofBusiness (inmillionsofu.s.dollars) (Unaudited) ChubbLimitedConsolidated Constant$ Constant$ %Change %Change %Change Constant$ %Change 4Q-15vs. Constant$ 4Q-15vs. FullYear FullYear 2015vs. FullYear 2015vs. 4Q-15 4Q-14 4Q-14 4Q-14(2) 4Q-14(2) 2015 2014 2014 2014(2) 2014(2) Netpremiumswritten Property and all other $ 1,162 $ 1,178-1.5% $ 5,480 $ 5,249 4.4% Casualty 1,725 1,718 0.3% 6,360 6,213 2.3% Subtotal 2,887 2,896-0.4% $ 2,745 5.2% 11,840 11,462 3.3% $ 10,905 8.6% Agriculture 142 244-41.9% 244-41.9% 1,346 1,590-15.3% 1,590-15.3% Personal accident (A&H) (1) 859 920-6.5% 831 3.4% 3,548 3,735-5.0% 3,403 4.3% Life 256 266-3.2% 246 3.7% 979 1,012-3.2% 955 2.5% Total consolidated $ 4,144 $ 4,326-4.2% $ 4,066 1.9% $ 17,713 $ 17,799-0.5% $ 16,853 5.1% %oftotalconsolidated Property and all other 28% 27% 31% 29% Casualty 42% 40% 36% 35% Subtotal 70% 67% 67% 64% Agriculture 3% 6% 8% 9% Personal accident (A&H) (1) 21% 21% 19% 21% Life 6% 6% 6% 6% Total consolidated 100% 100% 100% 100% Netpremiumsearned Property and all other $ 1,308 $ 1,314-0.5% $ 5,222 $ 5,161 1.2% Casualty 1,553 1,565-0.9% 6,195 6,080 1.9% Subtotal 2,861 2,879-0.7% $ 2,728 4.8% 11,417 11,241 1.6% $ 10,691 6.8% Agriculture 240 327-26.2% 327-26.2% 1,364 1,526-10.6% 1,526-10.6% Personal accident (A&H) (1) 856 908-5.6% 824 3.9% 3,501 3,678-4.8% 3,355 4.4% Life 250 256-2.3% 239 4.5% 931 981-5.1% 927 0.4% Total consolidated $ 4,207 $ 4,370-3.7% $ 4,118 2.2% $ 17,213 $ 17,426-1.2% $ 16,499 4.3% %oftotalconsolidated Property and all other 31% 30% 30% 29% Casualty 37% 36% 36% 35% Subtotal 68% 66% 66% 64% Agriculture 6% 7% 8% 9% Personal accident (A&H) (1) 20% 21% 20% 21% Life 6% 6% 6% 6% Total consolidated 100% 100% 100% 100% Operatingincome,after-tax Property, casualty, and all other $ 603 $ 620-3.1% $ 598 0.7% $ 2,485 $ 2,584-3.9% $ 2,511-1.1% Agriculture 43 45-5.4% 45-5.4% 149 96 55.1% 96 55.1% Personal accident (A&H) (1) 101 121-15.2% 108-5.8% 438 481-8.7% 434 1.1% Life 33 41-18.6% 42-20.1% 138 159-13.2% 160-13.4% Total consolidated $ 780 $ 827-5.8% $ 793-1.6% $ 3,210 $ 3,320-3.3% $ 3,201 0.3% %oftotalconsolidated Property, casualty, and all other 77% 75% 77% 78% Agriculture 6% 5% 5% 3% Personal accident (A&H) (1) 13% 15% 14% 14% Life 4% 5% 4% 5% Total consolidated 100% 100% 100% 100% (1) For purposes of this schedule only, A&H results from our Combined North American and International businesses, normally included in the Life and Insurance Overseas General segments, respectively, are included in the personal accident (A&H) line items above. (2) Prior periods on a constant-dollar basis. Line of Business Page 4

ChubbLimited GlobalP&CResults-ConsecutiveQuarters (inmillionsofu.s.dollars,exceptratios) (Unaudited) Global P&C includes the company s Insurance North American P&C segment (refer to page 7), Insurance Overseas General segment (refer to page 9), Global Reinsurance segment (refer to page 10), and Corporate (not separately disclosed in the Financial Supplement). Global P&C excludes the Insurance North American Agriculture segment. GlobalP&C(IncludingCorporate) 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 FullYear 2015 FullYear 2014 Gross premiums written $ 4,821 $ 4,581 $ 5,409 $ 4,672 $ 4,891 $ 19,483 $ 18,883 Net premiums written 3,487 3,480 3,905 3,497 3,559 14,369 14,197 Net premiums earned 3,461 3,500 3,552 3,389 3,544 13,902 13,938 Losses and loss expenses 1,968 1,870 2,009 1,948 2,017 7,795 7,709 Policy acquisition costs 594 612 586 604 629 2,396 2,516 Administrative expenses 502 494 500 482 513 1,978 1,951 Underwriting income 397 524 457 355 385 1,733 1,762 Net investment income 459 478 490 479 501 1,906 1,958 Adjusted interest expense 63 67 69 67 66 266 269 Other income (expense) - operating (1) (2) 10 (1) 1 5 8 4 Amortization of intangible assets 26 43 47 23 21 139 74 Income tax expense 82 118 124 101 98 425 454 Global P&C operating income 683 784 706 644 706 2,817 2,927 Chubb integration and related expenses, net of tax (35) (7) - - - (42) - Net realized gains (losses) (111) (67) 25 (30) (67) (183) (178) Net realized gains (losses) related to unconsolidated entities (17) 13 16 12 43 24 185 Income tax expense (benefit) on net realized gains (losses) (11) (7) 5-110 (13) 101 Global P&C net income $ 531 $ 730 $ 742 $ 626 $ 572 $ 2,629 $ 2,833 %Changeversusprioryearperiod Net premiums written as reported -2.0% 0.3% 6.4% 0.0% 3.0% 1.2% 5.7% Net premiums earned as reported -2.4% 0.0% 1.2% 0.1% 2.6% -0.3% 7.0% Net premiums written constant $ 4.9% 7.8% 13.2% 5.0% 5.8% 7.7% 6.9% Net premiums earned constant $ 4.3% 7.6% 8.0% 4.8% 5.4% 6.2% 8.2% Otherratios Net premiums written/gross premiums written 72% 76% 72% 75% 73% 74% 75% Combinedratio Loss and loss expense ratio 56.9% 53.4% 56.5% 57.5% 56.9% 56.1% 55.3% Policy acquisition cost ratio 17.1% 17.5% 16.5% 17.8% 17.8% 17.2% 18.0% Administrative expense ratio 14.5% 14.1% 14.1% 14.2% 14.4% 14.2% 14.1% Combined ratio 88.5% 85.0% 87.1% 89.5% 89.1% 87.5% 87.4% Combined ratio excluding catastrophe losses and PPD 89.1% 88.8% 88.2% 89.5% 90.2% 88.9% 89.4% Expense ratio 31.6% 31.6% 30.6% 32.0% 32.2% 31.4% 32.1% Expense ratio excluding A&H 28.3% 28.2% 27.4% 28.7% 29.2% 28.1% 28.8% Catastrophe reinstatement premiums collected - pre-tax $ (1) $ - $ - $ - $ 2 $ (1) $ 3 Catastrophe losses - pre-tax $ 73 $ 72 $ 117 $ 50 $ 70 $ 312 $ 278 Favorable prior period development (PPD) - pre-tax $ (93) $ (205) $ (153) $ (50) $ (106) $ (501) $ (561) Loss and loss expense ratio excluding catastrophe losses and PPD 57.3% 57.3% 57.6% 57.6% 57.9% 57.4% 57.5% (1) Excludes portion of net realized investment gains and losses related to unconsolidated entities. Global P&C Page 5

ChubbLimited Insurance-NorthAmerican (inmillionsofu.s.dollars,exceptratios) (Unaudited) The table below combines the company's Insurance North American P&C segment (refer to page 7) and Insurance North American Agriculture segment (refer to page 8) into total Insurance North American business presentation for reference purposes only. Insurance NorthAmerican FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 Gross premiums written $ 2,992 $ 3,615 $ 3,471 $ 2,253 $ 2,841 $ 12,331 $ 11,414 Net premiums written 1,933 2,448 2,354 1,518 1,913 8,253 7,853 Net premiums earned 1,926 2,421 2,009 1,590 1,887 7,946 7,633 Losses and loss expenses (1) 1,298 1,799 1,393 1,057 1,329 5,547 5,386 Policy acquisition costs 162 197 153 157 166 669 715 Administrative expenses 194 192 193 170 181 749 687 Underwriting income 272 233 270 206 211 981 845 Net investment income 264 271 275 269 280 1,079 1,111 Interest expense (5) 3 2 2 2 2 9 Other income (expense) - operating 1 3 (2) 2 6 4 9 Amortization of intangible assets 23 39 39 7 8 108 31 Income tax expense 87 83 92 88 70 350 331 Operating income 432 382 410 380 417 1,604 1,594 Net realized gains (losses) (1) (68) (33) - (6) (39) (107) (64) Net realized gains (losses) related to unconsolidated entities (4) 14 10 4 19 24 90 Income tax expense on net realized gains (losses) 1 2 1 2 1 6 8 Net income $ 359 $ 361 $ 419 $ 376 $ 396 $ 1,515 $ 1,612 Combinedratio Loss and loss expense ratio 67.4% 74.3% 69.3% 66.5% 70.4% 69.8% 70.6% Policy acquisition cost ratio 8.4% 8.2% 7.6% 9.8% 8.8% 8.4% 9.4% Administrative expense ratio 10.1% 7.9% 9.7% 10.7% 9.6% 9.5% 8.9% Combined ratio 85.9% 90.4% 86.6% 87.0% 88.8% 87.7% 88.9% Combined ratio excluding catastrophe losses and PPD 85.8% 87.6% 86.0% 87.4% 87.9% 86.7% 88.0% Catastrophe losses - pre-tax $ 28 $ 22 $ 61 $ 46 $ 30 $ 157 $ 145 Unfavorable (favorable) prior period development (PPD) - pre-tax $ (26) $ 45 $ (49) $ (54) $ (12) $ (84) $ (73) Loss and loss expense ratio excluding catastrophe losses and PPD 67.0% 71.6% 68.8% 67.1% 69.6% 68.9% 69.6% %Changeversusprioryearperiod Net premiums written 1.1% 6.2% 16.4% -5.9% 3.0% 5.1% 4.1% Net premiums earned 2.1% 5.9% 7.4% 0.0% -2.6% 4.1% 3.2% Otherratios Net premiums written/gross premiums written 65% 68% 68% 67% 67% 67% 69% (1) See non-gaap financial measures. Insurance - North American Page 6

ChubbLimited SegmentResults-ConsecutiveQuarters (inmillionsofu.s.dollars,exceptratios) (Unaudited) Insurance NorthAmericanP&C FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 Gross premiums written $ 2,722 $ 2,372 $ 2,905 $ 2,125 $ 2,539 $ 10,124 $ 9,036 Net premiums written 1,791 1,711 1,975 1,430 1,669 6,907 6,263 Net premiums earned 1,686 1,682 1,688 1,526 1,560 6,582 6,107 Losses and loss expenses 1,120 1,175 1,120 1,035 1,077 4,450 4,086 Policy acquisition costs 154 155 130 161 154 600 634 Administrative expenses 196 192 189 171 177 748 678 Underwriting income 216 160 249 159 152 784 709 Net investment income 258 266 269 263 273 1,056 1,085 Interest expense (5) 3 2 2 2 2 9 Other income (expense) - operating 1 2 (1) 3 7 5 11 Amortization of intangible assets 15 31 32 - - 78 - Income tax expense 76 68 88 78 58 310 298 Operating income 389 326 395 345 372 1,455 1,498 Net realized gains (losses) (69) (33) - (6) (42) (108) (67) Net realized gains (losses) related to unconsolidated entities (4) 14 10 4 19 24 90 Income tax expense on net realized gains (losses) 1 2 1 2 1 6 8 Net income $ 315 $ 305 $ 404 $ 341 $ 348 $ 1,365 $ 1,513 Combinedratio Loss and loss expense ratio 66.5% 69.9% 66.3% 67.9% 69.0% 67.6% 66.9% Policy acquisition cost ratio 9.1% 9.2% 7.7% 10.5% 9.9% 9.1% 10.4% Administrative expense ratio 11.6% 11.4% 11.2% 11.2% 11.3% 11.4% 11.1% Combined ratio 87.2% 90.5% 85.2% 89.6% 90.2% 88.1% 88.4% Combined ratio excluding catastrophe losses and PPD 86.7% 86.3% 85.0% 87.9% 89.1% 86.4% 88.0% Catastrophe losses - pre-tax $ 27 $ 22 $ 54 $ 45 $ 29 $ 148 $ 132 Unfavorable (favorable) prior period development (PPD) - pre-tax $ (19) $ 50 $ (49) $ (21) $ (11) $ (39) $ (107) Loss and loss expense ratio excluding catastrophe losses and PPD 65.7% 65.7% 66.1% 66.3% 67.8% 66.0% 66.6% %Changeversusprioryearperiod(1) Net premiums written 7.4% 11.0% 20.8% 0.8% 4.2% 10.3% 5.9% Net premiums earned 8.0% 10.7% 9.6% 2.5% 3.3% 7.8% 6.8% Otherratios Net premiums written/gross premiums written 66% 72% 68% 67% 66% 68% 69% (1) On a constant dollar basis, net premiums written increased 8.0 % and 10.9% for the quarter and full year, respectively. Net premiums earned increased 8.7% and 8.4%, on a constant dollar basis, for the quarter and full year, respectively. Insurance - North American P&C Page 7

ChubbLimited SegmentResults-ConsecutiveQuarters (inmillionsofu.s.dollars,exceptratios) (Unaudited) Insurance NorthAmericanAgriculture FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 Gross premiums written $ 270 $ 1,243 $ 566 $ 128 $ 302 $ 2,207 $ 2,378 Net premiums written 142 737 379 88 244 1,346 1,590 Net premiums earned 240 739 321 64 327 1,364 1,526 Losses and loss expenses (1) 178 624 273 22 252 1,097 1,300 Policy acquisition costs 8 42 23 (4) 12 69 81 Administrative expenses (2) - 4 (1) 4 1 9 Underwriting income 56 73 21 47 59 197 136 Net investment income 6 5 6 6 7 23 26 Interest expense - - - - - - - Other income (expense) - operating - 1 (1) (1) (1) (1) (2) Amortization of intangible assets 8 8 7 7 8 30 31 Income tax expense 11 15 4 10 12 40 33 Operating income 43 56 15 35 45 149 96 Net realized gains (losses) (1) 1 - - - 3 1 3 Net realized gains (losses) related to unconsolidated entities - - - - - - - Income tax expense on net realized gains (losses) - - - - - - - Net income $ 44 $ 56 $ 15 $ 35 $ 48 $ 150 $ 99 Combinedratio Loss and loss expense ratio 73.9% 84.5% 85.3% 33.3% 77.2% 80.4% 85.2% Policy acquisition cost ratio 3.4% 5.7% 7.2% -6.0% 3.6% 5.1% 5.3% Administrative expense ratio -0.9% 0.0% 1.1% -0.9% 1.0% 0.0% 0.6% Combined ratio 76.4% 90.2% 93.6% 26.4% 81.8% 85.5% 91.1% Combined ratio excluding catastrophe losses and PPD 79.2% 90.8% 91.4% 76.7% 82.4% 88.2% 87.8% Catastrophe losses - pre-tax $ 1 $ - $ 7 $ 1 $ 1 $ 9 $ 13 Unfavorable (favorable) prior period development (PPD) - pre-tax $ (7) $ (5) $ - $ (33) $ (1) $ (45) $ 34 Loss and loss expense ratio excluding catastrophe losses and PPD 75.4% 85.1% 83.1% 83.2% 77.9% 82.8% 81.8% %Changeversusprioryearperiod Net premiums written -41.9% -3.5% -2.4% -54.6% -5.0% -15.3% -2.3% Net premiums earned -26.2% -3.6% -2.9% -37.2% -23.4% -10.6% -9.1% Otherratios Net premiums written/gross premiums written 52% 59% 67% 69% 81% 61% 67% (1) See non-gaap financial measures. Insurance - Agriculture Page 8

ChubbLimited SegmentResults-ConsecutiveQuarters (inmillionsofu.s.dollars,exceptratios) (Unaudited) Insurance OverseasGeneral Constant$ FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 4Q-14(1) 2015 2014 Gross premiums written $ 1,990 $ 2,019 $ 2,212 $ 2,255 $ 2,212 $ 1,946 $ 8,476 $ 8,853 Net premiums written 1,587 1,584 1,669 1,794 1,749 1,530 6,634 6,999 Net premiums earned 1,575 1,615 1,644 1,637 1,758 1,547 6,471 6,805 Losses and loss expenses 748 674 816 814 835 734 3,052 3,189 Policy acquisition costs 391 405 396 389 419 366 1,581 1,625 Administrative expenses 241 246 254 256 262 236 997 1,026 Underwriting income 195 290 178 178 242 211 841 965 Net investment income 125 132 139 138 147 136 534 545 Interest expense 5 1 1 1 2 2 8 6 Other income (expense) - operating 5 6 4 2 6 7 17 18 Amortization of intangible assets 11 12 15 23 21 18 61 74 Income tax expense 48 85 65 53 78 70 251 285 Operating income 261 330 240 241 294 264 1,072 1,163 Net realized gains (losses) (28) (13) 13 (10) (7) (38) (78) Net realized gains (losses) related to unconsolidated entities (8) - 3 4 12 (1) 45 Income tax expense (benefit) on net realized gains (losses) (13) (9) 4 (1) 111 (19) 93 Net income $ 238 $ 326 $ 252 $ 236 $ 188 $ 1,052 $ 1,037 Combinedratio Loss and loss expense ratio 47.5% 41.7% 49.7% 49.7% 47.5% 47.2% 46.9% Policy acquisition cost ratio 24.8% 25.1% 24.1% 23.8% 23.8% 24.4% 23.9% Administrative expense ratio 15.3% 15.2% 15.4% 15.6% 15.0% 15.4% 15.0% Combined ratio 87.6% 82.0% 89.2% 89.1% 86.3% 87.0% 85.8% Combined ratio excluding catastrophe losses and PPD 89.7% 90.5% 89.8% 90.3% 89.4% 90.1% 89.9% Catastrophe reinstatement premiums - pre-tax $ (2) $ - $ - $ - $ - $ (2) $ - Catastrophe losses - pre-tax $ 40 $ 39 $ 58 $ 5 $ 30 $ 142 $ 112 Favorable prior period development (PPD) - pretax $ (74) $ (177) $ (68) $ (24) $ (86) $ (343) $ (391) Loss and loss expense ratio excluding catastrophe losses and PPD 49.6% 50.2% 50.3% 50.9% 50.7% 50.3% 51.0% %Changeversusprioryearperiod Net premiums written as reported -9.3% -7.9% -5.1% 1.3% 3.0% -5.2% 7.4% Net premiums earned as reported -10.5% -6.4% -3.9% 1.6% 3.4% -4.9% 7.5% Net premiums written constant $ 3.6% 6.1% 7.6% 11.0% 8.4% 7.1% 9.4% Net premiums earned constant $ 1.7% 7.8% 9.4% 11.2% 8.8% 7.5% 9.6% Otherratios Net premiums written/gross premiums written 80% 78% 75% 80% 79% 78% 79% (1) Prior periods on a constant dollar basis. Insurance - Overseas General Page 9

ChubbLimited SegmentResults-ConsecutiveQuarters (inmillionsofu.s.dollars,exceptratios) (Unaudited) GlobalReinsurance FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 Gross premiums written $ 109 $ 190 $ 292 $ 292 $ 140 $ 883 $ 994 Net premiums written 109 185 261 273 141 828 935 Net premiums earned 200 203 220 226 226 849 1,026 Losses and loss expenses 99 20 72 99 104 290 431 Policy acquisition costs 48 52 60 54 56 214 257 Administrative expenses 12 12 13 12 13 49 54 Underwriting income 41 119 75 61 53 296 284 Net investment income 70 76 79 75 78 300 316 Interest expense 2 1 1 1-5 4 Other income (expense) - operating 1 4-1 3 6 4 Amortization of intangible assets - - - - - - - Income tax expense 1 8 8 8 7 25 38 Operating income 109 190 145 128 127 572 562 Net realized gains (losses) (12) (14) 5 (11) (12) (32) (29) Net realized gains (losses) related to unconsolidated entities (5) (2) 3 4 12-50 Income tax expense on net realized gains (losses) 2 - (1) - - 1 - Net income $ 90 $ 174 $ 154 $ 121 $ 127 $ 539 $ 583 Combinedratio Loss and loss expense ratio 49.7% 9.6% 32.9% 43.6% 45.8% 34.2% 42.0% Policy acquisition cost ratio 24.1% 25.4% 27.2% 24.0% 25.0% 25.2% 25.0% Administrative expense ratio 6.0% 6.2% 5.6% 5.6% 5.7% 5.8% 5.3% Combined ratio 79.8% 41.2% 65.7% 73.2% 76.5% 65.2% 72.3% Combined ratio excluding catastrophe losses and PPD 76.6% 75.3% 79.6% 75.5% 76.2% 76.8% 75.6% Catastrophe reinstatement premiums collected - pre-tax $ 1 $ - $ - $ - $ 2 $ 1 $ 3 Catastrophe losses - pre-tax $ 6 $ 11 $ 5 $ - $ 11 $ 22 $ 34 Favorable prior period development (PPD) - pre-tax $ - $ (78) $ (36) $ (5) $ (9) $ (119) $ (63) Loss and loss expense ratio excluding catastrophe losses and PPD 46.5% 44.3% 46.7% 46.0% 45.4% 45.9% 45.5% %Changeversusprioryearperiod Net premiums written as reported -22.1% -11.5% -5.9% -11.4% -9.4% -11.4% -5.7% Net premiums earned as reported -11.3% -20.4% -15.5% -20.6% -7.7% -17.2% 5.1% Net premiums written constant $ -20.2% -9.5% -3.9% -9.1% -8.8% -9.3% -5.8% Net premiums earned constant $ -9.0% -18.1% -13.2% -19.0% -7.1% -15.1% 4.9% Otherratios Net premiums written/gross premiums written 100% 97% 90% 93% 100% 94% 94% Global Reinsurance Page 10

ChubbLimited SegmentResults-ConsecutiveQuarters (inmillionsofu.s.dollars) (Unaudited) Life FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 Gross premiums written $ 548 $ 522 $ 529 $ 522 $ 553 $ 2,121 $ 2,129 Net premiums written 515 492 500 491 523 1,998 2,012 Net premiums earned 506 480 487 474 499 1,947 1,962 Losses and loss expenses (1) 159 153 137 152 147 601 589 Policy benefits (2) 159 89 153 142 134 543 517 (Gains) losses from fair value changes in separate account assets (2) (13) 49 (6) (11) 3 19 (2) Policy acquisition costs 134 117 118 107 123 476 478 Administrative expenses 70 74 74 73 73 291 285 Net investment income 67 66 66 66 69 265 268 Life underwriting income (3) 64 64 77 77 88 282 363 Interest expense 1 1 2 1 1 5 11 Other income (expense) - operating (1) (4) 1 1 (2) 1 (4) (5) Amortization of intangible assets 1-1 - 1 2 3 Income tax expense 4 7 8 8 11 27 47 Operating income 54 57 67 66 76 244 297 Net realized gains (losses): Mark-to-market on guaranteed living benefits derivative (net of related hedges) 55 (313) 102 (57) (153) (213) (385) Foreign exchange gains (losses) and all other (2) (13) 1 (2) 7 (16) 2 Net realized gains (losses) related to unconsolidated entities - 12 17 14 6 43 6 Income tax expense (benefit) on net realized gains (losses) (1) 1 2 1 1 3 (1) Net income (loss) $ 108 $ (258) $ 185 $ 20 $ (65) $ 55 $ (79) %Changeversusprioryearperiod Net premiums written as reported -1.6% -0.8% 0.3% -0.6% 4.0% -0.7% 2.0% Net premiums earned as reported 1.4% -1.9% -0.8% -1.9% 3.6% -0.8% 3.0% Net premiums written constant $ (4) 3.7% 4.4% 4.1% 2.4% 6.2% 3.7% 4.0% Net premiums earned constant $ 6.8% 3.4% 3.0% 0.9% 5.9% 3.5% 4.9% (1) Q4 2015 includes unfavorable reserve development of $13 million compared to $7 million favorable reserve development in Q4 2014. (2) (Gains) losses from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP have been reclassified from Other income (expense) for purposes of presenting Life underwriting income in the Life segment. The offsetting movement in the separate account liabilities is included in Policy benefits. (3) We assess the performance of our Life business based on Life underwriting income which includes Net investment income and (Gains) losses from fair value changes in separate account assets. (4) International life insurance net premiums written and deposits breakdown (excludes Combined North American and Life reinsurance businesses): Constant$ %Change 4Q-15vs. 4Q-14(6) Constant$ FullYear 2014(6) Constant$ %Change 2015vs. 2014(6) 4Q-15 Constant$ 4Q-14(6) FullYear 2015 International life insurance net premiums written $ 199 $ 183 8.5% $ 744 $ 693 7.3% International life insurance deposits (5) 289 250 15.5% 1,015 953 6.6% Total international life insurance net premiums written and deposits $ 488 $ 433 12.5% $ 1,759 $ 1,646 6.9% (5) Includes deposits collected on universal life and investment contracts. Consistent with GAAP, premiums collected on universal life and investment contracts are considered deposits and excluded from revenues. (6) Prior periods on a constant dollar basis. Life Page 11

ChubbLimited LossReserveRollforward (inmillionsofu.s.dollars,exceptratios) (Unaudited) UnpaidLosses NetPaidto Gross Ceded Net IncurredRatio BalanceatDecember31,2013 $37,443 $ 10,612 $26,831 Losses and loss expenses incurred 2,462 301 2,161 Losses and loss expenses paid (3,059) (762) (2,297) 106% Other (incl. foreign exch. revaluation) 20 16 4 BalanceatMarch31,2014 $ 36,866 $ 10,167 $ 26,699 Losses and loss expenses incurred 3,004 616 2,388 Losses and loss expenses paid (2,878) (729) (2,149) 90% Other (incl. foreign exch. revaluation) 185 56 129 BalanceatJune30,2014 $ 37,177 $ 10,110 $ 27,067 Losses and loss expenses incurred 3,840 1,156 2,684 Losses and loss expenses paid (3,165) (810) (2,355) 88% Other (incl. foreign exch. revaluation) (405) (120) (285) BalanceatSeptember30,2014 $ 37,447 $ 10,336 $ 27,111 Losses and loss expenses incurred 3,442 1,026 2,416 Losses and loss expenses paid (3,307) (873) (2,434) 101% Other (incl. foreign exch. revaluation) 733 818 (85) BalanceatDecember31,2014 $ 38,315 $ 11,307 $ 27,008 Losses and loss expenses incurred 2,743 621 2,122 Losses and loss expenses paid (3,062) (744) (2,318) 109% Other (incl. foreign exch. revaluation) (670) (197) (473) BalanceatMarch31,2015 $ 37,326 $ 10,987 $ 26,339 Losses and loss expenses incurred 3,065 648 2,417 Losses and loss expenses paid (2,830) (547) (2,283) 94% Other (incl. foreign exch. revaluation) 669 60 609 BalanceatJune30,2015 $ 38,230 $ 11,148 $ 27,082 Losses and loss expenses incurred 3,252 609 2,643 Losses and loss expenses paid (3,391) (908) (2,483) 94% Other (incl. foreign exch. revaluation) (527) (193) (334) BalanceatSeptember30,2015 $ 37,564 $ 10,656 $ 26,908 Losses and loss expenses incurred 3,481 1,179 2,302 Losses and loss expenses paid (3,616) (1,050) (2,566) 111% Other (incl. foreign exch. revaluation) (126) (44) (82) BalanceatDecember31,2015 $ 37,303 $ 10,741 $ 26,562 Add net recoverable on paid losses - 645 (645) Balanceincludingnetrecoverableonpaidlosses $ 37,303 $ 11,386 $ 25,917 Loss Reserve Rollforward Page 12

NetReinsuranceRecoverablebyDivision ChubbLimited ReinsuranceRecoverableAnalysis (inmillionsofu.s.dollars) (Unaudited) December31 September30 June30 March31 December31 2015 2015 2015 2015 2014 Reinsurancerecoverableonpaidlossesandloss expenses Active operations $ 450 $ 392 $ 448 $ 413 $ 478 Brandywine and Other Run-off 288 284 283 292 313 Total $ 738 $ 676 $ 731 $ 705 $ 791 Reinsurancerecoverableonunpaidlossesandloss expenses Active operations $ 9,884 $ 9,769 $ 10,262 $ 10,052 $ 10,348 Brandywine and Other Run-off 1,092 1,127 1,136 1,184 1,210 Total $ 10,976 $ 10,896 $ 11,398 $ 11,236 $ 11,558 Grossreinsurancerecoverable Active operations $ 10,334 $ 10,161 $ 10,710 $ 10,465 $ 10,826 Brandywine and Other Run-off 1,380 1,411 1,419 1,476 1,523 Total $ 11,714 $ 11,572 $ 12,129 $ 11,941 $ 12,349 Provisionforuncollectiblereinsurance(1) Active operations $ (194) $ (207) $ (214) $ (213) $ (217) Brandywine and Other Run-off (134) (134) (140) (140) (140) Total $ (328) $ (341) $ (354) $ (353) $ (357) Netreinsurancerecoverable Active operations $ 10,140 $ 9,954 $ 10,496 $ 10,252 $ 10,609 Brandywine and Other Run-off 1,246 1,277 1,279 1,336 1,383 Total $ 11,386 $ 11,231 $ 11,775 $ 11,588 $ 11,992 (1) The provision for uncollectible reinsurance is based on a default analysis applied to gross reinsurance, net of usable collateral of approximately $2.4 billion. Reinsurance Recoverable Page 13

ChubbLimited InvestmentPortfolio (inmillionsofu.s.dollars) (Unaudited) December31 September30 June30 March31 December31 2015 2015 2015 2015 2014 MarketValue Fixed maturities available for sale $ 43,587 $ 48,278 $ 48,701 $ 50,410 $ 49,395 Fixed maturities held to maturity 8,552 8,750 8,805 7,307 7,589 Short-term investments 10,446 1,808 2,062 2,536 2,322 Total fixed maturities $ 62,585 $ 58,836 $ 59,568 $ 60,253 $ 59,306 AssetAllocationbyMarket Value Treasury $ 2,395 4% $ 2,619 4% $ 2,424 4% $ 2,448 4% $ 2,448 4% Agency 878 1% 1,040 2% 1,139 2% 1,221 2% 1,222 2% Corporate and asset-backed 17,985 28% 20,018 34% 20,007 34% 20,370 34% 19,854 34% Mortgage-backed 11,701 19% 12,936 22% 12,661 21% 12,791 21% 12,325 21% Municipal 4,950 8% 5,306 9% 5,276 9% 5,067 9% 4,930 8% Non-U.S. 14,230 23% 15,109 26% 15,999 27% 15,820 26% 16,205 27% Short-term investments 10,446 17% 1,808 3% 2,062 3% 2,536 4% 2,322 4% Total fixed maturities $ 62,585 100% $ 58,836 100% $ 59,568 100% $ 60,253 100% $ 59,306 100% CreditQualitybyMarketValue AAA $ 14,369 23% $ 8,712 15% $ 9,320 16% $ 9,386 16% $ 8,943 15% AA 22,141 36% 21,560 37% 21,294 36% 21,760 36% 21,589 36% A 10,163 16% 11,877 20% 11,568 19% 11,712 19% 11,625 20% BBB 8,941 14% 8,688 15% 8,806 15% 8,789 15% 8,690 15% BB 3,775 6% 4,281 7% 4,531 8% 4,377 7% 4,372 7% B 3,018 5% 3,527 6% 3,860 6% 4,054 7% 3,916 7% Other 178 0% 191 0% 189 0% 175 0% 171 0% Total fixed maturities $ 62,585 100% $ 58,836 100% $ 59,568 100% $ 60,253 100% $ 59,306 100% Cost/AmortizedCost Fixed maturities available for sale $ 43,149 $ 47,411 $ 47,599 $ 48,384 $ 47,826 Fixed maturities held to maturity 8,430 8,564 8,676 6,982 7,331 Short-term investments 10,446 1,808 2,062 2,536 2,322 Subtotal fixed maturities 62,025 57,783 58,337 57,902 57,479 Equity securities 441 434 433 447 440 Other investments 2,993 2,943 2,989 3,096 2,999 Total investment portfolio $ 65,459 $ 61,160 $ 61,759 $ 61,445 $ 60,918 Avg. duration of fixed maturities 3.5 years 4.0 years 4.1 years 3.9 years 4.0 years Avg. market yield of fixed maturities 2.8% 2.9% 2.9% 2.6% 2.8% Avg. credit quality A/Aa A/Aa A/Aa A/Aa A/Aa Avg. yield on invested assets 3.4% 3.6% 3.6% 3.6% 3.8% Investments Page 14

ChubbLimited InvestmentPortfolio-2 (inmillionsofu.s.dollars) (Unaudited) Mortgage-backedFixedIncomePortfolio Mortgage-backedsecurities S&PCreditRating AAA AA A BBB BBandbelow Total MarketValueatDecember31,2015 Agency residential mortgage-backed (RMBS) $ - $ 9,502 $ - $ - $ - $ 9,502 Non-agency RMBS 15 5 12 6 12 50 Commercial mortgage-backed 2,126 10 13 - - 2,149 Totalmortgage-backedsecuritiesatmarketvalue $ 2,141 $ 9,517 $ 25 $ 6 $ 12 $ 11,701 U.S.CorporateandAsset-backedFixedIncomePortfolios MarketValueatDecember31,2015 S&PCreditRating InvestmentGrade AAA AA A BBB Total Asset-backed $ 620 $ 34 $ - $ 3 $ 657 Banks - 17 1,148 1,184 2,349 Basic Materials - 3 89 220 312 Communications - 58 212 930 1,200 Consumer, Cyclical - 102 362 515 979 Consumer, Non-Cyclical 52 504 1,154 737 2,447 Diversified Financial Services 29 26 310 165 530 Energy 25 31 146 619 821 Industrial - 324 402 366 1,092 Utilities 1 8 614 382 1,005 All Others 78 214 519 529 1,340 Total $ 805 $ 1,321 $ 4,956 $ 5,650 $ 12,732 MarketValueatDecember31,2015 S&PCreditRating BelowInvestmentGrade BB B CCC Total Asset-backed $ 4 $ - $ 5 $ 9 Banks 3 4-7 Basic Materials 97 93 3 193 Communications 588 456 10 1,054 Consumer, Cyclical 504 418 34 956 Consumer, Non-Cyclical 477 687 19 1,183 Diversified Financial Services 147 30 3 180 Energy 253 105 18 376 Industrial 284 284 10 578 Utilities 166 64-230 All Others 233 242 12 487 Total $ 2,756 $ 2,383 $ 114 $ 5,253 Investments 2 Page 15

ChubbLimited InvestmentPortfolio-3 (inmillionsofu.s.dollars) (Unaudited) Non-U.S.FixedIncomePortfolio December31,2015 Non-U.S.GovernmentSecurities MarketValuebyS&PCreditRating AAA AA A BBB BBandbelow Total United Kingdom $ 959 $ - $ - $ - $ - $ 959 Republic of Korea - 900 - - - 900 Federative Republic of Brazil - - - 528 40 568 United Mexican States - - 382 116-498 Canada 396 - - - - 396 Kingdom of Thailand - - 375 - - 375 Province of Ontario - - 300 - - 300 Province of Quebec - - 210 - - 210 Japan - - 192 - - 192 Socialist Republic of Vietnam - - - - 168 168 Other Non-U.S. Government Securities 665 809 246 358 313 2,391 Total $ 2,020 $ 1,709 $ 1,705 $ 1,002 $ 521 $ 6,957 Non-U.S.CorporateSecurities MarketValuebyS&PCreditRating AAA AA A BBB BBandbelow Total United Kingdom $ 109 $ 39 $ 541 $ 565 $ 188 $ 1,442 Canada 53 132 188 267 143 783 United States (1) 1 93 112 179 183 568 France 33 61 222 168 23 507 Netherlands 80 69 157 141 52 499 Australia 64 74 240 86 19 483 Germany 74 17 95 142 19 347 Switzerland 37 16 91 70 34 248 China - 126 71 29 5 231 Hong Kong 9 5 136 11 3 164 Other Non-U.S. Corporate Securities 190 297 564 535 415 2,001 Total $ 650 $ 929 $ 2,417 $ 2,193 $ 1,084 $ 7,273 (1) Countries represent the ultimate parent company s country of risk. Non-U.S. corporate securities could be issued by foreign subsidiaries of U.S. corporations. Investments 3 Page 16

ChubbLimited InvestmentPortfolio-4 (inmillionsofu.s.dollars) (Unaudited) FixedMaturityInvestmentPortfolio Top10GlobalCorporateExposures December31,2015 MarketValue Rating 1 JP Morgan Chase & Co $ 441 A- 2 General Electric Co 392 AA+ 3 Goldman Sachs Group Inc 318 BBB+ 4 AT&T INC 269 BBB+ 5 Wells Fargo & Co 257 A 6 Bank of America Corp 237 BBB+ 7 Verizon Communications Inc 232 BBB+ 8 Morgan Stanley 216 BBB+ 9 Citigroup Inc 200 BBB+ 10 Ford Motor Co 197 BBB- Investments 4 Page 17

ChubbLimited NetRealizedandUnrealizedGains(Losses) (inmillionsofu.s.dollars) (Unaudited) ThreemonthsendedDecember31,2015 YearendedDecember31,2015 NetUnrealized NetRealized NetUnrealized Gains Net Gains Gains (Losses) Impact (Losses)(1) (Losses) NetRealized Gains (Losses)(1) Net Impact Fixed maturities $ (130) $ (446) $ (576) $ (180) $ (1,076) $ (1,256) Fixed income derivatives 26-26 32-32 Public equity (3) 23 20 29 (17) 12 Private equity (12) (27) (39) 37 (46) (9) Total investment portfolio (2) (119) (450) (569) (82) (1,139) (1,221) Mark-to-market from variable annuity reinsurance derivative transactions, net of applicable hedges (3) 55-55 (213) - (213) Foreign exchange (4) (7) (98) (105) (80) (958) (1,038) Partially-owned entities (5) (3) - (3) 42 10 52 Other - 4 4 (11) 15 4 Net (losses) before tax (74) (544) (618) (344) (2,072) (2,416) Income tax (benefit) (12) (1) (13) (10) (146) (156) Net (losses) $ (62) $ (543) $ (605) $ (334) $ (1,926) $ (2,260) (1) Other-than-temporary impairments for the quarter includes $57 million for fixed maturities, $3 million for public equity and $1 million for private equity. Year to date other-than-temporary impairments includes $103 million for fixed maturities, $7 million for public equities and $2 million for private equity. (2) Total after-tax net realized losses on the investment portfolio were $109 million and $85 million for the quarter and year to date, respectively. Total after-tax net unrealized losses on the investment portfolio were $411 million and $977 million for the quarter and year to date, respectively. (3) The quarter and year to date include $79 million and $10 million, respectively, of losses on applicable hedges. These losses are both pre-tax and after-tax. (4) Unrealized foreign exchange loss, after-tax, for the quarter and year to date were $133 million and $958 million, respectively. (5) Partially-owned entities are investments where we hold more than an insignificant percentage of the investee's shares. The net income or loss is included in other income (expense). ThreemonthsendedDecember31,2014 YearendedDecember31,2014 NetUnrealized NetRealized NetUnrealized Gains Net Gains Gains (Losses) Impact (Losses)(6) (Losses) NetRealized Gains (Losses)(6) Net Impact Fixed maturities $ (26) $ 94 $ 68 $ 23 $ 732 $ 755 Fixed income derivatives (54) - (54) (107) - (107) Public equity 13 7 20 (47) 77 30 Private equity 44 (1) 43 187 42 229 Total investment portfolio (23) 100 77 56 851 907 Mark-to-market from variable annuity reinsurance derivative transactions, net of applicable hedges (7) (153) - (153) (385) - (385) Foreign exchange (8) 2 (501) (499) (40) (632) (672) Partially-owned entities (9) 5-5 1 (7) (6) Other 8 8 16 1 2 3 Net gains (losses) before tax (161) (393) (554) (367) 214 (153) Income tax expense (benefit) 111 24 135 100 175 275 Net gains (losses) $ (272) $ (417) $ (689) $ (467) $ 39 $ (428) (6) Other-than-temporary impairments for the quarter includes $40 million for fixed maturities and $1 million for public equities. Year to date other-than-temporary impairments includes $57 million for fixed maturities, $3 million for private equity, and $8 million for public equity. (7) The quarter and year to date include $62 million and $168 million, respectively, of losses on applicable hedges. (8) Unrealized foreign exchange loss, after-tax, for the quarter and year to date were $520 million and $644 million, respectively. (9) Partially-owned entities are investments where we hold more than an insignificant percentage of the investee's shares. The net income or loss is included in other income (expense). Net Gains (Losses) Page 18

December31 2015 ChubbLimited DebtandCapital (inmillionsofu.s.dollars,exceptratios) (Unaudited) September30 2015 June30 2015 March31 2015 December31 2014 December31 2013 FinancialDebt: Total short-term debt (1) $ - $ 700 $ 700 $ 1,150 $ 1,150 $ 500 Total long-term debt (2) 9,447 4,157 4,157 4,157 3,357 3,807 Total financial debt $ 9,447 $ 4,857 $ 4,857 $ 5,307 $ 4,507 $ 4,307 Hybriddebt Total trust preferred securities 309 309 309 309 309 309 Total debt $ 9,756 $ 5,166 $ 5,166 $ 5,616 $ 4,816 $ 4,616 ChubbCapitalization: Shareholders' equity $ 29,135 $ 29,127 $ 29,555 $ 29,702 $ 29,587 $ 28,825 Hybrid debt 309 309 309 309 309 309 Financial debt 9,447 4,857 4,857 5,307 4,507 4,307 Total capitalization $ 38,891 $ 34,293 $ 34,721 $ 35,318 $ 34,403 $ 33,441 Leverageratios(basedontotalcapital)(3) Hybrid debt 0.8% 0.9% 0.9% 0.9% 0.9% 0.9% Financial debt (4) 24.3% 14.2% 14.0% 15.0% 13.1% 12.9% Total hybrid & financial debt 25.1% 15.1% 14.9% 15.9% 14.0% 13.8% Note: As of December 31, 2015, there was $0.8 billion usage of credit facilities on a total commitment of $1.5 billion. (1) In May 2015, $450 million of 5.6 percent senior notes matured and were fully paid. In November 2015, $700 million of 2.6 percent senior notes matured and were fully paid. (2) In November 2015, $5.3 billion of senior notes were issued in connection with our acquisition of The Chubb Corporation. (3) Repurchase agreements are excluded from our leverage ratios effective Q4 2015. Repurchase agreements are excluded by many rating agencies from debt to capital leverage ratios because repayment is not dependent on other resources. (4) Excluding the $5.3 billion pre-acquisition debt, the financial debt ratio is 12.4% Debt and Capital Page 19

ChubbLimited ComputationofBasicandDilutedEarningsPerShare (inmillionsofu.s.dollars,exceptshareandpersharedata) (Unaudited) Numerator ThreemonthsendedDecember31 YearendedDecember31 2015 2014 2015 2014 Operating income to common shares $ 780 $ 827 $ 3,210 $ 3,320 Chubb integration and related expenses, net of tax (35) - (42) - Adjusted net realized gains (losses), net of tax (62) (272) (334) (467) Net income $ 683 $ 555 $ 2,834 $ 2,853 RollforwardofCommonSharesOutstanding Shares - beginning of period 324,062,368 332,111,557 328,659,686 339,793,935 Repurchase of shares - (3,839,174) (6,677,663) (13,982,358) Shares issued, excluding option exercises 84,600 66,123 1,123,838 1,336,161 Issued for option exercises 416,473 321,180 1,457,580 1,511,948 Shares - end of period 324,563,441 328,659,686 324,563,441 328,659,686 Denominator Weighted average shares outstanding 324,578,610 331,124,128 325,589,361 335,609,899 Effect of other dilutive securities 3,227,644 3,464,261 3,246,017 3,376,388 Adj. wtd. avg. shares outstanding and assumed conversions 327,806,254 334,588,389 328,835,378 338,986,287 Basicearningspershare Operating income $ 2.40 $ 2.50 $ 9.86 $ 9.89 Chubb integration and related expenses, net of tax (0.11) - (0.13) - Adjusted net realized gains (losses), net of tax (0.19) (0.82) (1.02) (1.39) Net income $ 2.10 $ 1.68 $ 8.71 $ 8.50 Dilutedearningspershare Operating income $ 2.38 $ 2.47 $ 9.76 $ 9.79 Chubb integration and related expenses, net of tax (0.11) - (0.13) - Adjusted net realized gains (losses), net of tax (0.19) (0.81) (1.01) (1.37) Net income $ 2.08 $ 1.66 $ 8.62 $ 8.42 Earnings per share Page 20

ChubbLimited BookValueandBookValueperCommonShare (inmillionsofu.s.dollars,exceptshareandpersharedata) (Unaudited) ReconciliationofBookValueperCommonShare December31 September30 June30 March31 December31 2015 2015 2015 2015 2014 Shareholders equity $ 29,135 $ 29,127 $ 29,555 $ 29,702 $ 29,587 Less: goodwill and other intangible assets 5,683 5,713 5,969 5,516 5,724 Numerator for tangible book value per share $ 23,452 $ 23,414 $ 23,586 $ 24,186 $ 23,863 Book value - % change over prior quarter 0.0% -1.4% -0.5% 0.4% -1.4% Tangible book value - % change over prior quarter 0.2% -0.7% -2.5% 1.4% -3.0% Denominator 324,563,441 324,062,368 323,814,281 327,084,762 328,659,686 Book value per common share $ 89.77 $ 89.88 $ 91.27 $ 90.81 $ 90.02 Tangible book value per common share $ 72.25 $ 72.25 $ 72.84 $ 73.94 $ 72.61 ReconciliationofBookValue Shareholders equity, beginning of quarter $ 29,127 $ 29,555 $ 29,702 $ 29,587 $ 30,017 Operating income 780 897 788 745 827 Chubb integration and related expenses, net of tax (35) (7) - - - Adjusted net realized gains (losses), net of tax (62) (362) 154 (64) (272) Net unrealized gains (losses), net of tax (411) (255) (672) 361 94 Repurchase of shares - - (394) (340) (430) Dividend declared on common shares (218) (218) (217) (222) (223) Cumulative translation, net of tax (133) (547) 132 (410) (520) Pension liability 1 3 (5) 10 9 Other (1) 86 61 67 35 85 $ 29,135 $ 29,127 $ 29,555 $ 29,702 $ 29,587 (1) Other primarily includes proceeds from exercise of stock options and stock compensation. Reconciliation Book Value Page 21

ChubbLimited Non-GAAPFinancialMeasures (inmillionsofu.s.dollars) (Unaudited) RegulationG-Non-GAAPFinancialMeasures In presenting our results, we included and discussed certain non-gaap measures. These non-gaap measures, which may be defined differently by other companies, are important for an understanding of our overall results of operations and financial condition. However, they should not be viewed as a substitute for measures determined in accordance with generally accepted accounting principles (GAAP). We provide financial measures such as gross premiums written, net premiums written, net premiums earned, and operating income on a constant-dollar basis. We believe it is useful to evaluate the trends in these measures exclusive of the effect of fluctuations in exchange rates between the U.S. dollar and the currencies in which our international business is transacted, as these exchange rates could fluctuate significantly between periods and distort the analysis of trends. The impact is determined by assuming constant foreign exchange rates between periods by translating prior period results using the same local currency exchange rates as the comparable current period. Adjusted net realized gains (losses) is a non-gaap financial measure that excludes realized gains and losses on crop derivatives. These derivatives were purchased to provide economic benefit, in a manner similar to reinsurance protection, in the event that a significant decline in commodity pricing will impact underwriting results. We view gains and losses on these derivatives as part of the results of our underwriting operations and therefore realized gains and losses from these derivatives are reclassified to Adjusted losses and loss expenses (a non-gaap financial measure). Adjusted losses and loss expenses include gains and losses on crop derivatives. P&C loss and loss expense ratio and P&C combined ratio (both non- GAAP financial measures) include adjusted losses and loss expenses in the ratio numerator. A reconciliation of GAAP combined ratio to P&C combined ratio is provided on page 25. In presenting our segment operating results, we have shown our performance with reference to underwriting results. Underwriting results are calculated by subtracting losses and loss expenses, policy benefits, policy acquisition costs, and administrative expenses from net premiums earned. We use underwriting results and operating ratios to monitor the results of our operations without the impact of certain factors, including investment income, other income and expenses, interest and income tax expense, and net realized gains (losses). P&C underwriting income is a non-gaap financial measure which includes Adjusted losses and loss expenses. Insurance North American Agriculture underwriting income includes gains (losses) on crop derivatives. Life underwriting income includes net investment income and gains (losses) from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP. Operating income or income excluding adjusted net realized gains (losses), net of tax, is a common performance measurement for insurance companies and a non-gaap financial measure. We believe this presentation enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. We exclude adjusted net realized gains (losses) and net realized gains (losses) included in other income (expense) related to partially owned entities because the amount of these gains (losses) is heavily influenced by, and fluctuates in part according to, the availability of market opportunities. We also exclude Chubb integration and related expenses related to the acquisition due to the size and complexity of this acquisition. These integration and related expenses are distortive to our results and are not indicative of our underlying profitability. We believe that excluding these integration and related expenses facilitates the comparison of our financial results to our historical operating results. These expenses include legal and professional fees and all costs directly related to the integration activities of the Chubb acquisition. In addition, we exclude the pre-acquisition interest expense on the $5.3 billion senior notes issued in November 2015 from operating income because the operations for which the debt was issued are not part of our operating activities prior to the completion of the acquisition. Effective with the close of the Chubb acquisition (January 14, 2016), this debt will be considered a cost of our operations and will then be included within operating income. Operating income or income excluding adjusted net realized gains (losses) should not be viewed as a substitute for net income determined in accordance with GAAP. Other income (expense) operating is a non-gaap financial measure and excludes the portion of net realized gains and losses related to unconsolidated entities from other income (expense). These gains and losses are reported as Net realized gains (losses) and represent the non-operating activities of entities where we hold more than an insignificant percentage of the investee s shares. We exclude these gains and losses from other income (expense) to enhance the understanding of our core results of operations as they are heavily influenced by, and fluctuate in part according to market conditions. A reconciliation of Consolidated Other income (expense) on a GAAP basis to Consolidated Other income (expense) - operating is provided on page 24. P&C combined ratio excluding catastrophe losses and prior period development (PPD) is a non-gaap financial measure. The ratio numerator includes adjusted losses and loss expenses, policy acquisition costs, and administrative expenses adjusted to exclude catastrophe losses and PPD. The ratio denominator includes net premiums earned adjusted to exclude the amount of reinstatement premiums (expensed) collected and net earned premium adjustments on loss sensitive policies. We believe that excluding the impact of catastrophe losses and PPD provides a better evaluation of our core underwriting performance and enhances the understanding of the trends in our property & casualty business that may be obscured by these items. P&C loss and loss expense ratio excluding the impact of catastrophe losses and PPD is a non-gaap financial measure. The loss ratio numerator includes adjusted losses and loss expenses adjusted to exclude catastrophe losses and PPD. The loss ratio denominator includes Net premiums earned adjusted to exclude the amount of reinstatement premiums (expensed) collected. In periods where there are adjustments on loss sensitive policies, these adjustments are excluded from PPD and net earned premiums when calculating this ratio. We believe that excluding the impact of catastrophe losses and PPD provides a better evaluation of our core underwriting performance and enhances the understanding of the trends in our property & casualty business that may be obscured by these items. P&C expense ratio excluding accident and health (A&H) is a non-gaap financial measure and excludes the impact of our A&H business from our consolidated expense ratio. The expense ratio for the A&H business is typically higher than our traditional P&C business, and we believe that this measure provides better comparison to our peer companies that may not have a significant A&H block of business. Global P&C performance metrics are non-gaap financial measures and comprise consolidated operating results (including corporate) and exclude the operating results of the company s Life and Insurance North American Agriculture segments. We believe that these measures are useful and meaningful to investors as they are used by management to assess the company s global P&C operations which are the most economically similar. We exclude the Insurance North American Agriculture and Life segments because the results of these businesses do not always correlate with the results of our global P&C operations. International life insurance net premiums written and deposits collected, is a non-gaap financial measure. Deposits collected on universal life and investment contracts (life deposits) are not reflected as revenues in our consolidated statements of operations in accordance with GAAP. However, we include life deposits in presenting growth in our life insurance business because new life deposits are an important component of production and key to our efforts to grow our business. Operating return on equity (ROE) or ROE calculated using operating income is an annualized non-gaap financial measure and is calculated as operating income divided by average shareholders' equity, as adjusted, for the period. To annualize a quarterly rate, multiply by four. Operating ROE is a useful measure as it enhances the understanding of the return on shareholders' equity by highlighting the underlying profitability relative to shareholders' equity excluding the effect of unrealized gains and losses on our investments. Operating effective tax rate is a non-gaap financial measure. The numerator excludes tax on adjusted net realized gains (losses). The denominator excludes adjusted net realized gains (losses), before tax. We exclude adjusted net realized gains (losses) and the related tax impact because these amounts are heavily influenced by, and fluctuate in part according to, the availability of market opportunities. Operating effective tax rate should not be viewed as a substitute for effective tax rate determined in accordance with GAAP. Tangible book value per common share is a non-gaap financial measure and is shareholders' equity less goodwill and other intangible assets divided by the shares outstanding. We believe that goodwill and other intangible assets are not indicative of our underlying insurance results or trends and make book value comparisons to less acquisitive peer companies less meaningful. A reconciliation of tangible book value per share is provided on page 21. Tangible book value per common share excluding 2014 acquisitions is shareholders' equity less goodwill and other intangible assets divided by the shares outstanding. The numerator adds back the goodwill and other intangible assets related to the acquisition of the Fireman's Fund high net worth personal lines insurance business in the United States in order to adjust for the distortive effect of acquisitions. In addition, we disclose per share measures that exclude the impact of foreign currency fluctuations during 2015 in order to adjust for the distortive effects of fluctuations in exchange rates. Reconciliation Non-GAAP Page 22

ChubbLimited Non-GAAPFinancialMeasures-2 (inmillionsofu.s.dollars,exceptratios) (Unaudited) RegulationG-Non-GAAPFinancialMeasures(continued) Operatingincome Operating income is a common performance measure for insurance companies and is presented throughout this report. The following table presents the reconciliation of Net income to Operating income: 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 FullYear 2015 FullYear 2014 Net income, as reported $ 683 $ 528 $ 942 $ 681 $ 555 $ 2,834 $ 2,853 Chubb integration and related expenses, net of tax (35) (7) - - - (42) - Adjusted net realized gains (losses) (57) (393) 128 (89) (210) (411) (558) Net realized gains (losses) related to unconsolidated entities (1) (17) 25 33 26 49 67 191 Income tax expense (benefit) on adjusted net realized gains (losses) (12) (6) 7 1 111 (10) 100 Operating income $ 780 $ 897 $ 788 $ 745 $ 827 $ 3,210 $ 3,320 (1) Realized gains (losses) on partially-owned entities, which are investments where we hold more than an insignificant percentage of the investee's shares. The net income or loss is included in other income (expense). The following table presents the Operating income (loss) of each segment and Corporate: 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 FullYear 2015 FullYear 2014 Insurance North American P&C $ 389 $ 326 $ 395 $ 345 $ 372 $ 1,455 $ 1,498 Insurance Overseas General 261 330 240 241 294 1,072 1,163 Global Reinsurance 109 190 145 128 127 572 562 Corporate (76) (62) (74) (70) (87) (282) (296) Global P&C (including Corporate) 683 784 706 644 706 2,817 2,927 Insurance North American Agriculture 43 56 15 35 45 149 96 Consolidated Results (including Corporate) Excluding Life Segment 726 840 721 679 751 2,966 3,023 Life 54 57 67 66 76 244 297 Consolidated operating income $ 780 $ 897 $ 788 $ 745 $ 827 $ 3,210 $ 3,320 OperatingROE The following table presents the reconciliation of ROE to Operating ROE: 4Q-15 4Q-14 FullYear 2015 FullYear 2014 Net income $ 683 $ 555 $ 2,834 $ 2,853 Operating income $ 780 $ 827 $ 3,210 $ 3,320 Equity - beginning of period, as reported $ 29,127 $ 30,017 $ 29,587 $ 28,825 Less: unrealized gains (losses) on investments, net of deferred tax 1,285 1,757 1,851 1,174 Equity - beginning of period, as adjusted $ 27,842 $ 28,260 $ 27,736 $ 27,651 Equity - end of period, as reported $ 29,135 $ 29,587 $ 29,135 $ 29,587 Less: unrealized gains (losses) on investments, net of deferred tax 874 1,851 874 1,851 Equity - end of period, as adjusted $ 28,261 $ 27,736 $ 28,261 $ 27,736 Average equity, as reported $ 29,131 $ 29,802 $ 29,361 $ 29,206 Average equity, as adjusted $ 28,052 $ 27,998 $ 27,999 $ 27,694 Operating ROE 11.1% 11.8% 11.5% 12.0% ROE 9.4% 7.5% 9.7% 9.8% Reconciliation Non-GAAP 2 Page 23

ChubbLimited Non-GAAPFinancialMeasures-3 (inmillionsofu.s.dollars,exceptratios) (Unaudited) RegulationG-Non-GAAPFinancialMeasures(continued) Operatingeffectivetaxrate The following table presents the reconciliation of effective tax rate to the operating effective tax rate: FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 Tax expense, as reported $ 67 $ 132 $ 143 $ 120 $ 232 $ 462 $ 634 Tax expense (benefit) on Chubb integration and related expenses (18) (2) - - - (20) - Tax expense (benefit) on adjusted net realized gains (losses) (12) (6) 7 1 111 (10) 100 Tax expense, adjusted $ 97 $ 140 $ 136 $ 119 $ 121 $ 492 $ 534 Income before tax, as reported $ 750 $ 660 $ 1,085 $ 801 $ 787 $ 3,296 $ 3,487 Less: Chubb integration and related expenses (53) (9) - - - (62) - Less: adjusted realized gains (losses) (57) (393) 128 (89) (210) (411) (558) Less: realized gains (losses) related to unconsolidated entities (17) 25 33 26 49 67 191 Operating income before tax $ 877 $ 1,037 $ 924 $ 864 $ 948 $ 3,702 $ 3,854 Effective tax rate 9.0% 20.0% 13.2% 15.0% 29.5% 14.0% 18.2% Adjustment for tax impact of Chubb integration and related expenses -1.3% -0.1% - - - -0.2% - Adjustment for tax impact of adjusted net realized gains (losses) 3.4% -6.4% 1.5% -1.3% -16.8% -0.5% -4.3% Operating effective tax rate 11.1% 13.5% 14.7% 13.7% 12.7% 13.3% 13.9% Otherincome(expense)-operating The following table presents the reconciliation of Consolidated Other income (expense) on a GAAP basis to Consolidated Other income (expense) - operating. Other income (expense) operating is a non-gaap financial measure which excludes gains (losses) from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP and the portion of net realized gains and losses related to unconsolidated entities. Gains (losses) from fair value changes in separate account assets are reclassified from Other income (expense) for purposes of presenting Life underwriting income, as the offsetting movement in the separate account liabilities is included in Policy benefits. Net realized gains (losses) related to unconsolidated entities is excluded from operating income in order to enhance the understanding of our core results of operations as they are heavily influenced by, and fluctuate in part according to market conditions. Note: Effective Q3 2015, amortization of intangible assets (previously reported in Other income (expense) - operating) are now reported separately. Prior year amounts are reclassified to conform to the current year presentation. FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 Consolidated GAAP Other income (expense): Consolidated excluding Life segment $ (19) $ 24 $ 14 $ 12 $ 47 $ 31 $ 187 Life segment 9 (36) 24 23 4 20 3 Consolidated (10) (12) 38 35 51 51 190 Less: Gains (losses) from fair value changes in separate account assets Consolidated excluding Life segment - - - - - - - Life segment 13 (49) 6 11 (3) (19) 2 Consolidated 13 (49) 6 11 (3) (19) 2 Less: Net realized gains (losses) related to unconsolidated entities Consolidated excluding Life segment (17) 13 16 12 43 24 185 Life segment - 12 17 14 6 43 6 Consolidated (17) 25 33 26 49 67 191 Consolidated Other income (expense) - operating: Consolidated excluding Life segment (2) 11 (2) - 4 7 2 Life segment (4) 1 1 (2) 1 (4) (5) Consolidated $ (6) $ 12 $ (1) $ (2) $ 5 $ 3 $ (3) Reconciliation Non-GAAP 3 Page 24

ChubbLimited Non-GAAPFinancialMeasures-4 (inmillionsofu.s.dollars,exceptratios) (Unaudited) RegulationG-Non-GAAPFinancialMeasures(continued) P&Ccombinedratio The following table presents the reconciliation of GAAP combined ratio to P&C combined ratio. The P&C combined ratio includes the impact of realized gains and losses on crop derivatives. These derivatives were purchased to provide economic benefit, in a manner similar to reinsurance protection, in the event that a significant decline in commodity pricing will impact underwriting results. We view gains and losses on these derivatives as part of the results of our underwriting operations. FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 GAAP combined ratio 87.7% 85.8% 87.6% 88.4% 88.5% 87.3% 88.1% Impact of gains and losses on crop derivatives 0.0% 0.1% 0.1% 0.0% 0.0% 0.1% -0.4% P&C combined ratio 87.7% 85.9% 87.7% 88.4% 88.5% 87.4% 87.7% Adjustedinterestexpense The following table presents the reconciliation of Consolidated Interest expense on a GAAP basis to Consolidated Adjusted interest expense. FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 Interest expense (GAAP) $ 93 $ 68 $ 71 $ 68 $ 67 $ 300 $ 280 Less: pre-acquisition interest expense related to $5.3 billion senior notes. (29) - - - - (29) - Adjusted interest expense $ 64 $ 68 $ 71 $ 68 $ 67 $ 271 $ 280 Chubbintegrationandrelatedexpenses,netoftax Chubb integration and related expenses is a non-gaap financial measure and includes legal and professional fees and all costs directly related to the integration activities of the Chubb acquisition, including the pre-acquisition interest expense on the $5.3 billion senior notes issued in November 2015. We exclude Chubb integration expenses related to the Chubb acquisition from operating income due to the size and complexity of this acquisition. We exclude the pre-acquisition interest expense from operating income because the operations for which the debt was issued were not part of our operating activities prior to the completion of the acquisition. Effective with the close of the Chubb acquisition (January 14, 2016), this debt will be considered a cost of our operations and will then be included within operating income. These integration and related expenses are distortive to our results and are not indicative of our underlying profitability. We believe that excluding these integration and related expenses facilitates the comparison of our financial results to our historical operating results. The following table presents the reconciliation of Chubb integration expenses, net of tax on a GAAP basis to Chubb integration and related expenses, net of tax. FullYear FullYear 4Q-15 3Q-15 2Q-15 1Q-15 4Q-14 2015 2014 Chubb integration expenses, net of tax $ 16 $ 7 $ - $ - $ - $ 23 $ - Add: pre-acquisition interest expense related to $5.3 billion senior notes, net of tax 19 - - - - 19 - Chubb integration and related expenses, net of tax $ 35 $ 7 $ - $ - $ - $ 42 $ - Reconciliation Non-GAAP 4 Page 25

ChubbLimited Glossary ChubbLimitedConsolidatedcomprises all segments including Corporate. Operatingreturnonequity(ROE)orROEcalculatedusingincomeexcludingChubbintegrationexpenses,netoftaxandadjustednetrealizedgains(losses),netoftax: Operating income or income excluding Chubb integration expenses and adjusted net realized gains (losses), net of tax, divided by average shareholders' equity for the period excluding unrealized gains (losses) on investments, net of tax. To annualize a quarterly rate multiply by four. Bookvaluepercommonshare:Shareholders' equity divided by the shares outstanding. Combinedratio:The sum of the loss and loss expense ratio, acquisition cost ratio and the administrative expense ratio excluding life business. Operatingeffectivetaxrate:Income tax expense excluding tax expense (benefit) on adjusted net realized gains (losses) divided by income excluding adjusted net realized gains (losses) before tax. Lifeunderwritingincome:Net premiums earned and net investment income less losses and loss expenses, policy benefits, acquisition costs, and administrative expenses. In addition, Life underwriting income includes gains/losses from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP. Tangiblebookvaluepercommonshare:Shareholders equity less goodwill and other intangible assets divided by the shares outstanding. Averagemarketyieldoffixedmaturities:Weighted average yield to maturity of our fixed income portfolio based on the market prices of the holdings as of that date. Averageyieldoninvestedassets:Net investment income divided by average cost of fixed maturities and other investments, and average market value of equity securities. Tangiblecapital:Total capitalization less goodwill and other intangible assets. Totalcapitalization:Short-term debt, long-term debt, trust preferreds, and shareholders equity. NM:Not meaningful. Chubbintegrationandrelatedexpenses,netoftax:Chubb integration expenses comprise legal and professional fees and all other costs directly related to the integration activities of the Chubb acquisition including the pre-acquisition interest expense on the $5.3 billion senior notes issued in November 2015. The pre-acquisition interest expense will be included in operating income commencing on January 14th, 2016, the date of the acquisition close. Glossary Page 26

Exhibit 99.3 Chubb Limited Financial Supplement Legacy Chubb Corporation Financial Results for the Quarter and Year Ended December 31, 2015 Investor Contact Helen M. Wilson Phone: (441) 299-9283 email: investorrelations@chubb.com This report is for informational purposes only. It should be read in conjunction with documents filed by Chubb Limited with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

THE CHUBB CORPORATION SUPPLEMENTARY INVESTOR INFORMATION TABLE OF CONTENTS DECEMBER 31, 2015 Page The Chubb Corporation: Consolidated Balance Sheet Highlights 1 Share Repurchase Activity 2 Summary of Invested Assets: Corporate 3 Property and Casualty 3 Investment Income After Taxes: Corporate 4 Property and Casualty 4 Property and Casualty Insurance Group: Statutory Policyholders Surplus 4 Change in Net Unpaid Losses 5 Underwriting Results - Quarterly 6-10 Underwriting Results - Year-To-Date 11-15 Definitions of Key Terms 16-17

THE CHUBB CORPORATION CONSOLIDATED BALANCE SHEET HIGHLIGHTS (in millions, except per share amounts) December 31 2015 December 31 2014 % of Total % of Total Invested Assets (at carrying value) Short Term Investments $ 4,631 11% $ 1,318 3% Fixed Maturities Tax Exempt 20,000 46 19,772 45 Taxable 15,703 37 19,008 44 Equity Securities 1,279 3 1,964 5 Other Invested Assets 1,371 3 1,423 3 Total Invested Assets $42,984 100% $43,485 100% Unrealized Appreciation of Investments Fixed Maturities $ 1,480 $ 1,822 Equity Securities 465 875 1,945 2,697 Deferred Income Tax Liability 681 944 $ 1,264 $ 1,753 Fixed Maturities - Average Credit Rating Aa3 Aa3 Fixed Maturities - Average Duration ( in years ) 4.2 4.0 Capitalization Long Term Debt $ 3,300 $ 3,300 Shareholders Equity 16,694 16,296 Total Capitalization $19,994 $19,596 Debt as a Percentage of Total Capitalization 16.5% 16.8% Actual Common Shares Outstanding 227.5 232.4 Book Value Per Common Share $ 73.38 $ 70.12 Book Value Per Common Share, with Available-for-Sale Fixed Maturities at Amortized Cost $ 69.15 $ 65.03 Page 1 of 17

THE CHUBB CORPORATION SHARE REPURCHASE ACTIVITY (dollars in millions, except per share amounts) Periods Ended December 31 Fourth Quarter 2015 Twelve Months 2015 From December 2005 to December 31, 2015 Cost of Shares Repurchased $ $ 604 $ 14,072 Average Cost Per Share $ $ 99.83 $ 59.88 Shares Repurchased 6,046,623 235,013,012 During the period from December 2005 through January 2014, the Board of Directors periodically authorized share repurchase programs. Pursuant to these authorizations, approximately 229 million shares of the Corporation s common stock were repurchased. No shares or funds remain available under these authorizations. In January 2015, the Board of Directors authorized the repurchase of up to $1.3 billion of the Corporation s common stock. The Corporation suspended repurchases of its common stock in connection with its agreeing to be acquired by ACE Limited, which was announced on July 1, 2015. As of December 31, 2015, approximately $749 million remained under this authorization. Page 2 of 17

THE CHUBB CORPORATION SUMMARY OF INVESTED ASSETS AS OF DECEMBER 31 CORPORATE Cost or Carrying Amortized Cost Value (a) 2015 2014 2015 2014 (in millions) Short Term Investments $2,965 $ 585 $2,965 $ 585 Taxable Fixed Maturities 246 1,231 249 1,244 TOTAL $3,211 $1,816 $3,214 $1,829 PROPERTY AND CASUALTY Cost or Carrying Amortized Cost Value (a) 2015 2014 2015 2014 (in millions) Short Term Investments $ 1,666 $ 733 $ 1,666 $ 733 Fixed Maturities Tax Exempt 18,946 18,614 20,000 19,772 Taxable 15,031 17,113 15,454 17,764 Equity Securities 814 1,089 1,279 1,964 Other Invested Assets 1,371 1,423 1,371 1,423 TOTAL $37,828 $38,972 $39,770 $41,656 (a) Short term investments are carried at amortized cost, which approximates fair value. Fixed maturities and equity securities are carried at fair value. Other invested assets include private equity limited partnerships carried at the Corporation s equity in the net assets of the partnerships. Page 3 of 17

THE CHUBB CORPORATION INVESTMENT INCOME AFTER TAXES Periods Ended December 31 Fourth Quarter Twelve Months 2015 2014 2015 2014 (in millions) CORPORATE INVESTMENT INCOME $ 3 $ 4 $ 13 $ 15 PROPERTY AND CASUALTY INVESTMENT INCOME Tax Exempt Interest $ 157 $ 163 $ 647 $ 659 Taxable Interest 89 95 361 397 Other 14 15 56 58 Investment Expenses (8) (6) (30) (25) TOTAL $ 252 $ 267 $1,034 $1,089 Effective Tax Rate 17.6% 17.8% 17.6% 18.1% After-Tax Annualized Yield 2.59% 2.64% 2.62% 2.73% After-tax annualized yield is based on the average invested assets for the periods presented, with fixed maturities at amortized cost and equity securities at fair value. STATUTORY POLICYHOLDERS SURPLUS AS OF DECEMBER 31 2015 2014 2013 (in millions) Estimated Statutory Policyholders Surplus $13,500 $15,127 $15,024 Rolling Year Statutory Net Premiums Written $12,622 $12,593 $12,214 Ratio of Statutory Net Premiums Written to Policyholders Surplus 0.93:1 0.83:1 0.81:1 Statutory Policyholders Surplus and Net Premiums Written include all domestic and foreign property and casualty subsidiaries. Page 4 of 17

Personal Insurance THE CHUBB CORPORATION PROPERTY AND CASUALTY CHANGE IN NET UNPAID LOSSES TWELVE MONTHS ENDED DECEMBER 31, 2015 Dec. 31 2015 Net Unpaid Losses Dec. 31 2014 Increase (Decrease) (in millions) IBNR Increase (Decrease) All Other Unpaid Losses Increase (Decrease) Automobile $ 383 $ 397 $ (14) $ (7) $ (7) Homeowners 765 748 17 (3) 20 Other 942 1,000 (58) (17) (41) Commercial Insurance Total Personal 2,090 2,145 (55) (27) (28) Multiple Peril 1,739 1,750 (11) 7 (18) Casualty 6,383 6,514 (131) (25) (106) Workers Compensation 3,138 2,918 220 93 127 Property and Marine 900 883 17 (12) 29 Specialty Insurance Total Commercial 12,160 12,065 95 63 32 Professional Liability 6,081 6,480 (399) (333) (66) Surety 86 75 11 7 4 Total Specialty 6,167 6,555 (388) (326) (62) Total Insurance 20,417 20,765 (348) (290) (58) Reinsurance Assumed 231 274 (43) (19) (24) Total $20,648 $21,039 $ (391) $ (309) $ (82) Page 5 of 17

THE CHUBB CORPORATION WORLDWIDE PROPERTY AND CASUALTY UNDERWRITING RESULTS FOR THE QUARTERS ENDED DECEMBER 31, 2015 AND 2014 (DOLLARS IN MILLIONS) Personal Other Total Automobile Homeowners Personal Personal 2015 2014 2015 2014 2015 2014 2015 2014 Net Premiums Written $ 162 $ 182 $ 682 $ 672 $ 243 $ 265 $1,087 $1,119 Decrease (Increase) in Unearned Premiums 8 1 14 13 (1) (11) 21 3 Net Premiums Earned 170 183 696 685 242 254 1,108 1,122 Net Losses Paid 118 122 368 339 168 137 654 598 Increase (Decrease) in Outstanding Losses (2) (2) (52) (27) (29) (83) (29) Net Losses Incurred 116 120 316 312 139 137 571 569 Expenses Incurred 51 54 218 208 96 109 365 371 Dividends Incurred Statutory Underwriting Income (Loss) $ 3 $ 9 $ 162 $ 165 $ 7 $ 8 $ 172 $ 182 Ratios After Dividends to Policyholders: Loss 68.2% 65.5% 45.4% 45.5% 57.4% 54.0% 51.5% 50.7% Expense 31.5 29.7 32.0 31.0 39.5 41.1 33.6 33.2 Combined 99.7% 95.2% 77.4% 76.5% 96.9% 95.1% 85.1% 83.9% Premiums Written as a % of Total 5.3% 5.8% 22.4% 21.4% 8.0% 8.5% 35.7% 35.7% Page 6 of 17

THE CHUBB CORPORATION WORLDWIDE PROPERTY AND CASUALTY UNDERWRITING RESULTS FOR THE QUARTERS ENDED DECEMBER 31, 2015 AND 2014 (DOLLARS IN MILLIONS) Commercial Workers Compensation Commercial Property and Marine Commercial Multiple Peril Commercial Casualty Total Commercial 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 Net Premiums Written $ 270 $ 284 $ 376 $ 393 $ 291 $ 284 $ 331 $ 357 $1,268 $1,318 Decrease (Increase) in Unearned Premiums 6 (3) 21 14 28 2 29 7 84 20 Net Premiums Earned 276 281 397 407 319 286 360 364 1,352 1,338 Net Losses Paid 131 156 239 289 140 123 212 196 722 764 Increase (Decrease) in Outstanding Losses 27 (12) (17) (1) 55 37 17 (10) 82 14 Net Losses Incurred 158 144 222 288 195 160 229 186 804 778 Expenses Incurred 104 96 112 113 68 61 119 119 403 389 Dividends Incurred 1 1 1 9 10 10 12 Statutory Underwriting Income (Loss) $ 13 $ 40 $ 63 $ 5 $ 47 $ 55 $ 12 $ 59 $ 135 $ 159 Ratios After Dividends to Policyholders: Loss 57.4% 51.5% 55.9% 71.0% 62.9% 57.9% 63.6% 51.1% 59.9% 58.7% Expense 38.7 33.9 29.8 28.8 24.1 22.3 36.0 33.3 32.0 29.8 Combined 96.1% 85.4% 85.7% 99.8% 87.0% 80.2% 99.6% 84.4% 91.9% 88.5% Premiums Written as a % of Total 8.9% 9.1% 12.3% 12.5% 9.5% 9.1% 10.9% 11.3% 41.6% 42.0% Page 7 of 17

THE CHUBB CORPORATION WORLDWIDE PROPERTY AND CASUALTY UNDERWRITING RESULTS FOR THE QUARTERS ENDED DECEMBER 31, 2015 AND 2014 (DOLLARS IN MILLIONS) Professional Liability Surety Total Specialty 2015 2014 2015 2014 2015 2014 Net Premiums Written $ 616 $ 628 $ 75 $ 73 $ 691 $ 701 Decrease (Increase) in Unearned Premiums (38) (45) (38) (45) Net Premiums Earned 578 583 75 73 653 656 Net Losses Paid 395 492 (5) 4 390 496 Increase (Decrease) in Outstanding Losses (76) (174) 8 (1) (68) (175) Net Losses Incurred 319 318 3 3 322 321 Expenses Incurred 166 162 29 32 195 194 Dividends Incurred 1 1 1 1 Statutory Underwriting Income (Loss) $ 93 $ 103 $ 42 $ 37 $ 135 $ 140 Ratios After Dividends to Policyholders: Loss 55.2% 54.5% 4.0% 4.2% 49.3% 49.0% Expense 26.9 25.8 39.2 44.4 28.3 27.7 Combined 82.1% 80.3% 43.2% 48.6% 77.6% 76.7% Premiums Written as a % of Total 20.2% 20.0% 2.5% 2.3% 22.7% 22.3% Page 8 of 17

THE CHUBB CORPORATION WORLDWIDE PROPERTY AND CASUALTY UNDERWRITING RESULTS FOR THE QUARTERS ENDED DECEMBER 31, 2015 AND 2014 (DOLLARS IN MILLIONS) Total Insurance Reinsurance Assumed Worldwide Total 2015 2014 2015 2014 2015 2014 Net Premiums Written $3,046 $3,138 $ 1 $ $3,047 $3,138 Decrease (Increase) in Unearned Premiums 67 (22) 67 (22) Net Premiums Earned 3,113 3,116 1 3,114 3,116 Net Losses Paid 1,766 1,858 8 7 1,774 1,865 Increase (Decrease) in Outstanding Losses (69) (190) (12) (6) (81) (196) Net Losses Incurred 1,697 1,668 (4) 1 1,693 1,669 Expenses Incurred 963 954 963 954 Dividends Incurred 11 13 11 13 Statutory Underwriting Income (Loss) $ 442 $ 481 $ 5 $ (1) 447 480 Decrease in Deferred Acquisition Costs (12) (3) GAAP Underwriting Income $ 435 $ 477 Ratios After Dividends to Policyholders: Loss 54.7% 53.8% *% *% 54.6% 53.8% Expense 31.7 30.5 * * 31.7 30.5 Combined 86.4% 84.3% *% *% 86.3% 84.3% Premiums Written as a % of Total 100.0% 100.0% 0.0% 0.0% 100.0% 100.0% * Combined, loss and expense ratios are no longer presented for the Reinsurance Assumed business since it is in runoff. Page 9 of 17

THE CHUBB CORPORATION WORLDWIDE PROPERTY AND CASUALTY UNDERWRITING RESULTS FOR THE QUARTERS ENDED DECEMBER 31, 2015 AND 2014 (DOLLARS IN MILLIONS) Outside United States the United States Worldwide Total 2015 2014 2015 2014 2015 2014 Net Premiums Written $2,377 $2,362 $ 670 $ 776 $3,047 $3,138 Decrease (Increase) in Unearned Premiums 77 (10) (22) 67 (22) Net Premiums Earned 2,454 2,362 660 754 3,114 3,116 Net Losses Paid 1,392 1,426 382 439 1,774 1,865 Increase (Decrease) in Outstanding Losses (49) (211) (32) 15 (81) (196) Net Losses Incurred 1,343 1,215 350 454 1,693 1,669 Expenses Incurred 701 655 262 299 963 954 Dividends Incurred 11 13 11 13 Statutory Underwriting Income (Loss) $ 399 $ 479 $ 48 $ 1 447 480 Decrease in Deferred Acquisition Costs (12) (3) GAAP Underwriting Income $ 435 $ 477 Ratios After Dividends to Policyholders: Loss 55.0% 51.7% 53.0% 60.2% 54.6% 53.8% Expense 29.6 27.9 39.1 38.5 31.7 30.5 Combined 84.6% 79.6% 92.1% 98.7% 86.3% 84.3% Premiums Written as a % of Total 78.0% 75.3% 22.0% 24.7% 100.0% 100.0% Page 10 of 17

THE CHUBB CORPORATION WORLDWIDE PROPERTY AND CASUALTY UNDERWRITING RESULTS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2015 AND 2014 (DOLLARS IN MILLIONS) Personal Automobile Homeowners Other Personal Total Personal 2015 2014 2015 2014 2015 2014 2015 2014 Net Premiums Written $ 701 $ 740 $2,821 $2,765 $ 988 $1,003 $4,510 $4,508 Decrease (Increase) in Unearned Premiums 2 (16) (38) (55) (2) (19) (38) (90) Net Premiums Earned 703 724 2,783 2,710 986 984 4,472 4,418 Net Losses Paid 456 466 1,535 1,500 562 476 2,553 2,442 Increase (Decrease) in Outstanding Losses 13 13 36 43 (23) 42 26 98 Net Losses Incurred 469 479 1,571 1,543 539 518 2,579 2,540 Expenses Incurred 223 227 893 866 392 415 1,508 1,508 Dividends Incurred Statutory Underwriting Income $ 11 $ 18 $ 319 $ 301 $ 55 $ 51 $ 385 $ 370 Ratios After Dividends to Policyholders: Loss 66.7% 66.1% 56.4% 57.0% 54.6% 52.6% 57.7% 57.5% Expense 31.8 30.7 31.7 31.3 39.7 41.4 33.4 33.4 Combined 98.5% 96.8% 88.1% 88.3% 94.3% 94.0% 91.1% 90.9% Premiums Written as a % of Total 5.6% 5.9% 22.3% 21.9% 7.8% 8.0% 35.7% 35.8% Page 11 of 17

THE CHUBB CORPORATION WORLDWIDE PROPERTY AND CASUALTY UNDERWRITING RESULTS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2015 AND 2014 (DOLLARS IN MILLIONS) Commercial Workers Compensation Commercial Property and Marine Commercial Multiple Peril Commercial Casualty Total Commercial 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 Net Premiums Written $1,113 $1,121 $1,619 $1,644 $1,280 $1,158 $1,462 $1,479 $5,474 $5,402 Decrease (Increase) in Unearned Premiums (1) (4) 10 (16) (44) (51) (10) (50) (45) (121) Net Premiums Earned 1,112 1,117 1,629 1,628 1,236 1,107 1,452 1,429 5,429 5,281 Net Losses Paid 570 548 942 1,029 546 513 799 848 2,857 2,938 Increase (Decrease) in Outstanding Losses 17 20 (5) 11 229 134 42 8 283 173 Net Losses Incurred 587 568 937 1,040 775 647 841 856 3,140 3,111 Expenses Incurred 421 411 458 469 280 252 511 505 1,670 1,637 Dividends Incurred 1 1 1 37 39 38 41 Statutory Underwriting Income $ 103 $ 137 $ 234 $ 118 $ 144 $ 169 $ 100 $ 68 $ 581 $ 492 Ratios After Dividends to Policyholders: Loss 52.8% 50.9% 57.5% 63.9% 64.7% 60.6% 57.9% 59.9% 58.3% 59.4% Expense 37.9 36.7 28.3 28.6 22.5 22.5 35.0 34.1 30.7 30.5 Combined 90.7% 87.6% 85.8% 92.5% 87.2% 83.1% 92.9% 94.0% 89.0% 89.9% Premiums Written as a % of Total 8.8% 8.9% 12.8% 13.1% 10.1% 9.2% 11.6% 11.7% 43.3% 42.9% Page 12 of 17

THE CHUBB CORPORATION WORLDWIDE PROPERTY AND CASUALTY UNDERWRITING RESULTS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2015 AND 2014 (DOLLARS IN MILLIONS) Professional Liability Surety Total Specialty 2015 2014 2015 2014 2015 2014 Net Premiums Written $2,340 $2,381 $ 309 $ 300 $2,649 $2,681 Decrease (Increase) in Unearned Premiums (31) (52) (1) (1) (32) (53) Net Premiums Earned 2,309 2,329 308 299 2,617 2,628 Net Losses Paid 1,416 1,550 1 62 1,417 1,612 Increase (Decrease) in Outstanding Losses (183) (286) 12 7 (171) (279) Net Losses Incurred 1,233 1,264 13 69 1,246 1,333 Expenses Incurred 657 666 127 130 784 796 Dividends Incurred 4 4 4 4 Statutory Underwriting Income $ 419 $ 399 $ 164 $ 96 $ 583 $ 495 Ratios After Dividends to Policyholders: Loss 53.4% 54.2% 4.3% 23.4% 47.7% 50.8% Expense 28.1 28.0 41.6 43.9 29.6 29.7 Combined 81.5% 82.2% 45.9% 67.3% 77.3% 80.5% Premiums Written as a % of Total 18.5% 18.9% 2.5% 2.4% 21.0% 21.3% Page 13 of 17

THE CHUBB CORPORATION WORLDWIDE PROPERTY AND CASUALTY UNDERWRITING RESULTS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2015 AND 2014 (DOLLARS IN MILLIONS) Total Insurance Reinsurance Assumed Worldwide Total 2015 2014 2015 2014 2015 2014 Net Premiums Written $12,633 $12,591 $ $ 1 $12,633 $12,592 Decrease (Increase) in Unearned Premiums (115) (264) (115) (264) Net Premiums Earned 12,518 12,327 1 12,518 12,328 Net Losses Paid 6,827 6,992 31 38 6,858 7,030 Increase (Decrease) in Outstanding Losses 138 (8) (43) (37) 95 (45) Net Losses Incurred 6,965 6,984 (12) 1 6,953 6,985 Expenses Incurred 3,962 3,941 3,962 3,941 Dividends Incurred 42 45 42 45 Statutory Underwriting Income $ 1,549 $ 1,357 $ 12 $ 1,561 1,357 Increase in Deferred Acquisition Costs 32 45 GAAP Underwriting Income $ 1,593 $ 1,402 Ratios After Dividends to Policyholders: Loss 55.8% 56.9% *% *% 55.7% 56.9% Expense 31.5 31.4 * * 31.5 31.4 Combined 87.3% 88.3% *% *% 87.2% 88.3% Premiums Written as a % of Total 100.0% 100.0% 0.0% 0.0% 100.0% 100.0% * Combined, loss and expense ratios are no longer presented for the Reinsurance Assumed business since it is in runoff. Page 14 of 17

THE CHUBB CORPORATION WORLDWIDE PROPERTY AND CASUALTY UNDERWRITING RESULTS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2015 AND 2014 (DOLLARS IN MILLIONS) Outside the United States Worldwide Total United States 2015 2014 2015 2014 2015 2014 Net Premiums Written $9,858 $9,513 $2,775 $3,079 $12,633 $12,592 Decrease (Increase) in Unearned Premiums (92) (197) (23) (67) (115) (264) Net Premiums Earned 9,766 9,316 2,752 3,012 12,518 12,328 Net Losses Paid 5,374 5,333 1,484 1,697 6,858 7,030 Increase (Decrease) in Outstanding Losses 163 (13) (68) (32) 95 (45) Net Losses Incurred 5,537 5,320 1,416 1,665 6,953 6,985 Expenses Incurred 2,878 2,749 1,084 1,192 3,962 3,941 Dividends Incurred 42 45 42 45 Statutory Underwriting Income $1,309 $1,202 $ 252 $ 155 1,561 1,357 Increase in Deferred Acquisition Costs 32 45 GAAP Underwriting Income $ 1,593 $ 1,402 Ratios After Dividends to Policyholders: Loss 57.0% 57.4% 51.4% 55.3% 55.7% 56.9% Expense 29.3 29.0 39.1 38.7 31.5 31.4 Combined 86.3% 86.4% 90.5% 94.0% 87.2% 88.3% Premiums Written as a % of Total 78.0% 75.5% 22.0% 24.5% 100.0% 100.0% Page 15 of 17

THE CHUBB CORPORATION Definitions of Key Terms Underwriting Income (Loss) Management evaluates underwriting results separately from investment results. The underwriting operations consist of four separate business units: personal insurance, commercial insurance, specialty insurance and reinsurance assumed. Performance of the business units is measured based on statutory underwriting results. Statutory accounting principles applicable to property and casualty insurance companies differ in certain respects from generally accepted accounting principles (GAAP). Under statutory accounting principles, policy acquisition and other underwriting expenses are recognized immediately, not at the time premiums are earned. Statutory underwriting income (loss) is arrived at by reducing premiums earned by losses and loss expenses incurred and statutory underwriting expenses incurred. Management uses underwriting results determined in accordance with GAAP, among other measures, to assess the overall performance of the underwriting operations. To convert statutory underwriting results to a GAAP basis, certain policy acquisition expenses are deferred and amortized over the period in which the related premiums are earned. Underwriting income (loss) determined in accordance with GAAP is defined as premiums earned less losses and loss expenses incurred and GAAP underwriting expenses incurred. Property and Casualty Investment Income After Income Tax Management uses property and casualty investment income after income tax, a non-gaap financial measure, to evaluate its investment results because it reflects the impact of any change in the proportion of tax exempt investment income to total investment income and is therefore more meaningful for analysis purposes than investment income before income tax. Book Value per Common Share with Available-for-Sale Fixed Maturities at Amortized Cost Book value per common share represents the portion of consolidated shareholders equity attributable to one share of common stock outstanding as of the balance sheet date. Consolidated shareholders equity includes, as part of accumulated other comprehensive income or loss, the after-tax appreciation or depreciation, including unrealized other-than-temporary impairment losses, of the Corporation s available-for-sale fixed maturities, which are carried at fair value. The appreciation or depreciation of available-for-sale fixed maturities is subject to fluctuation due to changes in interest rates and therefore could distort the analysis of trends. Management believes that book value per common share with available-for-sale fixed maturities at amortized cost, a non-gaap financial measure, is an important measure of the underlying equity attributable to one share of common stock. Combined Loss and Expense Ratio or Combined Ratio The combined loss and expense ratio, expressed as a percentage, is the key measure of underwriting profitability. Management uses the combined loss and expense ratio calculated in accordance with statutory accounting principles applicable to property and casualty insurance companies to evaluate the performance of the underwriting operations. It is the sum of the ratio of losses and loss expenses to premiums earned (loss ratio) and the ratio of statutory underwriting expenses to premiums written (expense ratio) after reducing both premium amounts by dividends to policyholders. Page 16 of 17

THE CHUBB CORPORATION Definitions of Key Terms Operating Income Operating income, a non-gaap financial measure, is net income excluding after-tax realized investment gains and losses. Management uses operating income, among other measures, to evaluate its performance because the realization of investment gains and losses in any given period is largely discretionary as to timing and can fluctuate significantly, which could distort the analysis of trends. Return on Equity and Operating Return on Equity Return on equity is the ratio of annualized net income divided by average shareholders equity. Average shareholders equity is the average of the beginning and all quarterend balances within the period. Operating return on equity, a non-gaap measure, is the ratio of annualized operating income divided by average shareholders equity excluding the after-tax unrealized appreciation or depreciation of investments. Consolidated shareholders equity includes, as part of accumulated other comprehensive income or loss, the after-tax appreciation or depreciation, including unrealized other-than-temporary impairment losses, of the Corporation s available-for-sale fixed maturities and equity securities, which are carried at fair value. The appreciation or depreciation of available-for-sale fixed maturities and equity securities is subject to fluctuation and could distort the analysis of trends. Average shareholders equity excluding the after-tax unrealized appreciation or depreciation of investments is the average of the beginning and all quarterend balances within the period. Management uses operating return on equity, among other measures, to assess the overall performance of the Corporation. Periods Ended December 31 Fourth Quarter Twelve Months 2015 2014 2015 2014 (dollars in millions) Annualized Net Income $ 2,664 $ 2,232 $ 2,136 $ 2,100 Average Shareholders Equity $16,533 $16,401 $16,288 $16,325 Return on Equity 16.1% 13.6% 13.1% 12.9% Annualized Operating Income $ 1,876 $ 2,176 $ 1,864 $ 1,858 Average Shareholders Equity Excluding Unrealized Appreciation or Depreciation $15,167 $14,699 $14,721 $14,767 Operating Return on Equity 12.4% 14.8% 12.7% 12.6% Page 17 of 17

The Chubb Corporation 2015 Update on Asbestos Reserves Exhibit 99.4

Forward-Looking Statements The following materials contain forward-looking statements, including those relating to loss reserves and claim estimates, that are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or suggested by such statements. Such risks or uncertainties include but are not limited to those which may be noted more fully in the materials themselves, as well as those discussed or identified from time to time in The Chubb Corporation s public filings with the Securities and Exchange Commission. Chubb assumes no obligation to update any forward-looking information set forth in the following materials, which speak as of January 26, 2016 or as otherwise specified in the materials.

Contents Purpose of Updated Review Evaluation Methodology Exposure Analysis Asbestos Payments and Reserves Three Year Reserve Comparison Conclusions

Purpose of Review Reassess Chubb s ultimate liability regarding asbestos exposures using an internal analysis, reviewed by our independent outside consulting actuaries Determine appropriate reserve levels Ensure aggressive case management of asbestos claims manage our exposure identify trends or issues that may impact exposure Provide relevant substantive information requested by investors and rating agencies

Evaluation Methodology Chubb segmented its defendant policyholders into two groups Traditional defendant policyholders (Tiers 1 & 2) Those engaged in asbestos mining, manufacturing and building products industries Peripheral defendant policyholders (Tiers 3 & 4) Those who manufactured, distributed, or installed an asbestos-containing product or who owned or operated a facility where asbestos products were present

Exposure Analysis Within these policyholder categories: All Tier 1 & 2 accounts and Tier 3 & 4 accounts with Chubb incurred losses of at least $3M or judged to have high potential exposure were evaluated individually. Claimant information and available coverage were reviewed for each defendant policyholder, including terms of coverage, policy limits and aggregate limits. Tier 3 & 4 accounts not individually evaluated were analyzed in the aggregate using statistical techniques. Factors considered include available coverage, claimant count, report year, bankruptcy, coverage dispute and case reserve amount. Future claims from unknown defendant policyholders were estimated based on claim reporting patterns and projected claim severities.

Asbestos Payments & Reserves by Category #$$ Traditional Defendants Tier 1 1 33 Traditional Defendants Tier 261039 Peripheral Defendants Tiers 3 & 4311 26 292 All Other 620 Reserves for future claims from unknown policyholders Unknown 94 Total318 42 478 PolicyholdersTotal NetNet Asbestos with Open ClaimsPaidReserves At 12/31/15 In 2015 At 12/31/15 ($ in millions)

Asbestos Payments & Reserves by Category Total net asbestos reserves at 12/31/15: $478M Case reserves of $168M Established by Claim Department on known claims IBNR reserves of $310M Includes provision for: potential reserve development on known defendant policyholders (development) future claims from unknown defendant policyholders (pure IBNR) future declaratory judgment actions and other litigation

Asbestos Net Loss Reserve Comparison ($ in Millions) 2014 2015 Beginning Reserves $566 Incurred Losses & LAE 25 51 Calendar Year Payments for Losses (72) (52) (19) (22) Ending Reserves $500 $566 IBNR portion of Ending Reserves $310 $321 $589 Calendar Year Payments for LAE 2013 $500 20 (22) (20) $478 $334

Conclusions Chubb s asbestos net reserves of $478M at 12/31/15 are based on our 2015 analysis of our ultimate asbestos liabilities This reserve represents Chubb s best estimate of our ultimate asbestos liability at 12/31/15 This reserve amount is at full (undiscounted) value, and no consideration has been given for legislative or judicial relief The net reserve reflects a modest reinsurance recoverable amount of approximately 4% of the gross reserve Net payments for asbestos liabilities in 2015 were $42M Reserves at 12/31/15 calculate to a 3 year survival ratio of 6.9