Chubb Acquires Cigna's Personal Accident Business

Leading Global Insurer Expands its Portfolio

Third Quarter 2021 Corporate Presentation

New York, NY - November 1, 2021 - Chubb, a leading global insurance company, today announced the acquisition of Cigna's personal accident business. The transaction is expected to close in the fourth quarter of 2021, subject to regulatory approvals and other customary closing conditions.

"This acquisition is an important step in our strategy to grow our global personal accident business," said Evan G. Greenberg, Chairman and CEO of Chubb. "Cigna's personal accident portfolio is a valuable addition to our existing business, and we are pleased to welcome their customers to Chubb."

The acquisition will add approximately $250 million of annual premium to Chubb's personal accident business. Cigna's personal accident portfolio includes individual and group policies that provide coverage for accidental death, dismemberment, and disability.

"We are excited to join forces with Chubb, a company with a strong reputation for innovation and customer service," said Eric Schultz, CEO of Cigna's group accident and health business. "Our customers will benefit from Chubb's global reach and expertise in personal accident insurance."

Chubb is a world leader in insurance, with operations in 54 countries and territories. The company offers a wide range of insurance products and services, including personal accident, property and casualty, and life and health insurance. Chubb is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.

Contact:

Karen Beyer, SVP IR

1 212-827-4445