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Sales Analysis CB
In the year ending in Dec 31,22, Chubb Limited sales were up 2.7% to $11.5 billion from $11.2 billion last year. We predict Chubb Limited sales to go down 19.7% to around $9.23 billion during the next 12 months. The share price of Chubb Limited has a positive sensitivity to increases to sales with forecast sales alone decreasing the share price by 0.84%.
Chubb Limited currently has 34,000 employees and with sales of $11.5 billion this equates to sales of $338.24 thousand per employee.
Profitability
For Dec 31,22 Cost of goods sold was not reported. This cost represented 0.0% of overall sales up from -1.35% last year and is expected to remain unchanged to 0.0% next year. We predict Cost of goods sold to move to around $0.0 during the next 12 months.
Selling General and Administrative expenses sharply decreased by 1.51% from last year's $930.0 million to $916.0 million this year and we expect SGA to move down 10.6% to around $819.34 million during the next 12 months.
This meant gross income was $11.5 billion making a gross profit margin of 100.0% of sales, which we expect to be 99.73% next year. The share price of Chubb Limited has a positive sensitivity to increases to gross profit margin.
With 34,000 employees, the gross income is $338.24 thousand per employee.
Earnings
EBIT was 15.72% of sales and are up 14.5% from last year, totaling $1808.0 million and we expect EBIT to be $1599.37 million next year.
Pre-tax income was 14.38% of sales and were down 13.58% from $1914.0 million last year to $1654.0 million this year and we expect it to be $1516.1 million next year. Chubb Limited paid $342.0 million tax. Its effective tax rate was 20.68% from 20.06% last year and estimated as 21.8% next year.
Including discontinued income, after tax income was 11.41% of sales and for this year were $1312.0 million, down 30.66% from $1892.0 million last year and we expect it to be $1214.42 million next year. Return on Equity has been falling for the past 5 years and fell 30.66% from last year to this year and we expect it to be 1214.42 million next year.