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.