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This report meets the requirements of the Canadian Federal Government as outlined in section 489.1 of the Insurance Companies Act, and the Public Accountability Statements (Banks, Insurance Companies, Trust and Loan Companies) Regulations. It contains information pertaining to the 2020 fiscal year (January 1, 2020 – December 31, 2020), for Chubb Insurance Company of Canada (“CICC”) and its affiliate companies (collectively, “Chubb Canada”). All dollar amounts are expressed in Canadian currency.

Affiliates

This 2020 Canadian Public Accountability Statement includes the contributions of the following affiliate companies of CICC:

  • Chubb Life Insurance Company of Canada (“CLICC”)
  • Combined Insurance Company of America (Canadian Branch) (“Combined”)
  • Federal Insurance Company (Canadian Branch) (“Federal”)

Contact Us

For any inquiries regarding our 2020 Canadian Public Accountability Statement please contact:

David Yeatman
Senior Vice President, Canadian Distribution Leader & Communications Manager
dyeatman@chubb.com
416.359.3240

Community Development & Participation

Chubb Canada is committed to positively influencing the communities in which its employees work and live. In 2020, Chubb Canada donated $124,655 to charitable organizations.

Matching Gift Program

Chubb Canada offers a Matching Gift program to employees with at least 6 months of service. As part of this program, we match 50% of individual employee charitable donations, from a $25.00 minimum to an aggregate maximum of $20,000 per employee for each calendar year. As part of the Matching Gift program, Chubb Canada donated $22,922 to charitable organizations.

United Way Campaign

Chubb Canada actively supports the United Way through an annual campaign in each of our offices across Canada. As part of the United Way campaign, over $145,811 was raised, including $56,017 donated by Chubb Canada as part of the Matching Gift program.

Other Charitable Donations

Chubb Canada actively supports other eligible community, environmental, health, human services, educational and cultural nonprofit charities that meet its community development goals. As part of these efforts, Chubb Canada donated $45,716 to various charitable organizations.

Taxes Paid

In 2020, Chubb Canada paid $64.2 million in federal income taxes and $111.1 million in provincial income and premium taxes. Collectively, Chubb Canada paid $175.3 million in taxes for 2020.

 

  Income Taxes Paid (in thousands) Premium Taxes Paid (in thousands) Total
Taxes Paid (in thousands)
 Federal 64,163 64,163
Alberta 4,909 11,277 16,168
British Columbia 5,610 8,491 14,102
Manitoba 877 971 1,849
New Brunswick 1,310 1,091 2,401
Newfoundland & Labrador 905 1,569 2,474
Nova Scotia 1,144 1,213 2,357
Northwest Territories 27 43 70
Nunavut 10 16 26
Ontario 22,483 23,975 46,458
Prince Edward Island 207 219 426
Quebec 10,377 11,810 22,186
Saskatchewan 991 1,530 2,521
Yukon 26 47 73
Total Provincial 48,877 62,251 111,128
Total 113,040 62,251 175,291

 

Our Employees

As of December 31, 2020, Chubb Canada employed 945 individuals across Canada. 

 Province*  Full-Time  Part-Time  Total
 Alberta 42 1 43
British Columbia 27 27
Manitoba 2 2
New Brunswick 1 1
Newfoundland & Labrador 1 1
Nova Scotia 7 7
Ontario 711 1 712
Quebec 148 2 150
Saskatchewan 2 2
Total  941 4 945

*Provinces or territories where we have no employees are not listed.

*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. 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. In Canada, Chubb operates through Chubb Insurance Company of Canada and Chubb Life Insurance Company of Canada.

Our 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 31,000 people worldwide.

CHUBB® is a registered trademark of Chubb INA Holdings Inc., and is used under licence by Chubb Insurance Company of Canada.