Outcome of voting on all shareholder meeting
agenda items were as recommended by the Board
ZURICH, May 16, 2024
/PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that at
its 2024 Annual General Meeting, held at the company's offices in
Zurich, Switzerland, shareholders
approved a 5.8% increase in the company's dividend to $3.64 per share annually ($0.91 per share, per quarter) from $3.44 per share ($0.86 per share, per quarter). This marks the
31st consecutive annual increase in the company's dividend.
Shareholders also voted in line with the Board's recommendations on
all other agenda items at the Annual General Meeting.
The dividend will be payable out of legal reserves in four
quarterly installments and will be made in United States dollars by the company's
transfer agent, as described in the Chubb Limited 2024 proxy
statement. The company's Board of Directors declared that
shareholders of record at the close of business on June 14, 2024, will be entitled to payment of the
first installment of $0.91 per share
on July 5, 2024.
About Chubb
Chubb is a world leader in insurance. With
operations in 54 countries and territories, Chubb provides
commercial and personal property and casualty insurance, personal
accident and supplemental health insurance, reinsurance and life
insurance to a diverse group of clients. As an underwriting
company, we assess, assume and manage risk with insight and
discipline. We service and pay our claims fairly and promptly. The
company is also defined by its extensive product and service
offerings, broad distribution capabilities, exceptional financial
strength and local operations globally. Parent company Chubb
Limited is listed on the New York Stock Exchange (NYSE: CB) and is
a component of the S&P 500 index. Chubb maintains executive
offices in Zurich, New York, London, Paris
and other locations, and employs approximately 40,000 people
worldwide. Additional information can be found
at: www.chubb.com.
Cautionary Statement Regarding Forward-Looking
Statements:
Forward-looking statements made in this
press release, such as statements regarding dividends, and our
expectations and intentions and other statements that are not
historical facts, reflect the company's current views with respect
to future events and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995. Such statements involve risks and uncertainties, which
may cause actual results to differ materially from those set forth
in these statements. For example, payment of scheduled or
future dividends could be affected by extraordinary company events
or capital constraints or similar factors that could require the
company to adjust, delay or withhold dividend payments. Additional
information regarding factors that could cause differences from
these forward-looking statements appears in the company's filings
with the Securities and Exchange Commission. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date on which they are
made.
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SOURCE Chubb Limited