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AI English summary of an SEC filing — figures as filed

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The company said it completed a capital reduction of CHF 3,759,282.50 on March 7, 2025, 2024, by cancelling 7,518,565 treasury shares with a par value of CHF 0.50 each that it had repurchased.

8-KAmendments to Articles of Incorporation or Bylaws; Change in Fiscal YearFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it completed a capital reduction of CHF 3,759,282.50 on March 7, 2025, 2024, by cancelling 7,518,565 treasury shares with a par value of CHF 0.50 each that it had repurchased.

  2. Chubb said the capital reduction took effect upon registration with the Commercial Register of the Canton of Zurich and was completed under the Board's capital band provision in the Articles of Association.

  3. Chubb said it amended Article 3 of its Articles of Association to reflect the capital reduction, changing share capital from CHF 209,812,993 (419,625,986 registered shares) to CHF 206,053,710.50 (412,107,421 registered shares).

  4. The company said the capital band provision used for this capital reduction is set out in its Articles of Association, was approved by shareholders at the 2024 annual general meeting, and allows the Board to decide on increases and reductions of authorized share capital.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Chubb Completes Capital Reduction, Cancels 7,518,565 Treasury Shares

The company said it completed a capital reduction of CHF 3,759,282.50 on March 7, 2025, 2024, by cancelling 7,518,565 treasury shares with a par value of CHF 0.50 each that it had repurchased.

Source · Based on the filing body and exhibits

Effectiveness Requirements and Legal Basis of the Capital Reduction

Chubb said the capital reduction took effect upon registration with the Commercial Register of the Canton of Zurich and was completed under the Board's capital band provision in the Articles of Association.

Source · Based on the filing body and exhibits

Amendment of Article 3 of Articles of Association: Share Capital and Registered Shares Change

Chubb said it amended Article 3 of its Articles of Association to reflect the capital reduction, changing share capital from CHF 209,812,993 (419,625,986 registered shares) to CHF 206,053,710.50 (412,107,421 registered shares).

Source · Based on the filing body and exhibits

Shareholder Approval History of the Capital Band Provision

The company said the capital band provision used for this capital reduction is set out in its Articles of Association, was approved by shareholders at the 2024 annual general meeting, and allows the Board to decide on increases and reductions of authorized share capital.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.