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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 2021 fiscal year (January 1, 2021 – December 31, 2021), for Chubb Insurance Company of Canada (“CICC”) and its affiliate companies (collectively, “Chubb Canada”).  All dollar amounts are expressed in Canadian currency. 

Affiliates

This 2021 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 2021 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 2021, Chubb Canada donated $146,702 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 $25,106 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 $210,000 was raised, including $70,000 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 $51,596 to various charitable organizations.

Taxes Paid

In 2021, Chubb Canada paid $43.6 million in federal income tax, $32 million provincial income taxes, and $68 million in provincial premium taxes. Collectively, Chubb Canada paid $143.6 million in taxes for 2021.

 

  Income Taxes Paid (in thousands) Premium Taxes Paid (in thousands) Total
Taxes Paid (in thousands)
 Federal 43,555 43,555
Alberta 2,897 11,310 14,208
British Columbia 4,862 9,698 14,561
Manitoba 467 897 1,364
New Brunswick 611 1,120 1,732
Newfoundland & Labrador 271 1,504 1,775
Nova Scotia 484 1,364 1,847
Northwest Territories 21 45 65
Nunavut 11 18 29
Ontario 16,256 27,033 43,289
Prince Edward Island 86 240 326
Quebec 5,601 13,138 18,739
Saskatchewan 420 1,567 1,987
Yukon 54 110 164
Total Provincial 32,041 68,046 100,086
Total 75,596 68,046 143,642

 

Our Employees

As of December 31, 2021, Chubb Canada employed 942 individuals across Canada. 

 Province*  Full-Time  Part-Time  Total
 Alberta 49 49
British Columbia 26 26
Manitoba 2 2
New Brunswick 1 1
Newfoundland & Labrador 1 1
Nova Scotia 8 8
Ontario 736 736
Quebec 119 119
Saskatchewan 0 0
Total  942 942

*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 34,000 people worldwide.

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