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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 2022 fiscal year (January 1, 2022 – December 31, 2022), for Chubb Insurance Company of Canada (“CICC”) and its affiliate companies (collectively, “Chubb Canada”).  All dollar amounts are expressed in Canadian currency. 

Affiliates

This 2022 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 2022 Canadian Public Accountability Statement please contact:

Vanessa Quick
Vice President, Marketing & Communications - Canada
vtremblay@chubb.com
647.462.9494 

 

Community Development & Participation

Chubb Canada is committed to positively influencing the communities in which its employees work and live. In 2022, Chubb Canada donated $141,058 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 $10,276 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 $264,235 was raised, including $88,078 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 $42,704 to various charitable organizations.

Taxes Paid

In 2022, Chubb Canada paid $45.2 million in federal income tax, $33.7 million provincial income taxes, and $71.7 million in provincial premium taxes. Collectively, Chubb Canada paid $150.6 million in taxes for 2022.

 

  Income Taxes Paid (in thousands) Premium Taxes Paid (in thousands) Total
Taxes Paid (in thousands)
 Federal 45,151 45,151
Alberta 3,081 12,005 15,085
British Columbia 5,180 10,260 15,440
Manitoba 471 998 1,469
New Brunswick 486 1,197 1,682
Newfoundland & Labrador 233 1,506 1,739
Nova Scotia 415 1,365 1,781
Northwest Territories 16 45 60
Nunavut 11 20 32
Ontario 17,800 29,586 47,386
Prince Edward Island 93 256 349
Quebec 5,458 12,685 18,143
Saskatchewan 414 1,672 2,085
Yukon 60 128 188
Total Provincial 33,718 71,722 105,440
Total 78,869 71,722 150,591

 

Our Employees

As of December 31, 2022, Chubb Canada employed 724 individuals across Canada. 

 Province*  Full-Time  Part-Time  Total
 Alberta 39 39
British Columbia 27 27
Manitoba 0 0
New Brunswick 1 1
Newfoundland & Labrador 0 0
Nova Scotia 1 1
Ontario 577 577
Quebec 79 79
Saskatchewan 0 0
Total  724 724

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

*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.  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, Paris and other locations, and employs approximately 40,000 people worldwide.

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