Chubb (CB) Proxy Filing summary

Executive summary

• Annual General Meeting scheduled for May 15, 2025, in Zurich, Switzerland, with a record date of March 21, 2025.

• Agenda includes approval of financial statements, allocation of profit, dividend distribution, discharge of the Board, election of auditors and directors, compensation approvals, sustainability report, and a shareholder proposal on Scope 3 GHG emissions.

• 2024 marked record financial performance, including record net income, core operating income, and investment income.

• CEO and NEO compensation increased, reflecting strong performance and alignment with shareholder value creation.

Voting matters and shareholder proposals

• Shareholders to vote on approval of 2024 financial statements, allocation of profit, and a dividend of up to $3.88 per share.

• Board recommends election of 14 directors (13 incumbents, 1 new nominee), Chairman, Compensation Committee, and Homburger AG as independent proxy.

• Proposals include renewal of a capital band for share capital changes, approval of Board and executive compensation, and advisory votes on compensation under Swiss and U.S. law.

• Shareholder proposal requests disclosure of Scope 3 GHG emissions; Board recommends voting against, citing methodological and materiality concerns.

Board of directors and corporate governance

• Board is 93% independent, with an independent Lead Director and all key committees composed of independent directors.

• Board regularly reviews composition, skills, and tenure; 43% of nominees have served 5 years or less.

• Annual self-evaluations, director education, and robust succession planning are in place.

• Shareholders elect all directors, Chairman, and Compensation Committee annually; majority-vote standard applies.