What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Chubb (CB) spend its free cash flow?

For TTM through Q1 2026, Chubb generated $15.9B of operating cash flow and $15.9B of free cash flow — a free cash flow margin of 100% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Chubb (CB) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Chubb's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Chubb (CB) Cash Flow Waterfall

Operating CF

$15.9B

Capex

$0.00

Free Cash Flow

$15.9B

FCF Margin

+100.0%

Cash flow waterfall for Chubb (CB) — TTM through Q1 2026

Free cash flow: $15.9B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Chubb (CB) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$15.9B	$15.9B
Capital Expenditure	$0.00	$15.9B
Free Cash Flow	$15.9B	$15.9B
Acquisitions	$413M	$16.3B
Other Investing	-$14.4B	$1.9B
Share Buybacks	-$4.18B	-$2.28B
Dividends Paid	-$1.52B	-$3.8B
Net Debt Change	$1.34B	-$2.46B
Other Financing & FX	$2.84B	$384M
Net Cash Increase	$384M	$384M

Operating Cash Flow$15.9B
Capital Expenditure$0.00
Free Cash Flow$15.9B
Acquisitions$413M
Other Investing-$14.4B
Share Buybacks-$4.18B
Dividends Paid-$1.52B
Net Debt Change$1.34B
Other Financing & FX$2.84B
Net Cash Increase$384M

Want to see what drove the FCF change?Free Cash Flow Bridge

Frequently asked questions

Data & methodology

Chubb (CB) Key Financials

Charts, filings, and peer comparison for every metric

Income Statement

Balance Sheet

Profitability

Cash Flow

Capital Return

Forecast & Valuation

Operations

Employees45.0K

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

CB Overview

Counters