earnings
confidence high
sentiment positive
materiality 0.85
Chubb Q2 net income $5.06/sh, record core op income $3.62/sh; P&C NPW up 15.5% globally
Chubb Ltd
2021-Q2 EPS reported
$10.13
revenue$19,635,000,000
- Net income of $2.27B ($5.06 EPS) vs loss of $331M ($0.73 loss) prior year; record core operating income $1.62B ($3.62 EPS).
- P&C net premiums written up 15.5% globally, best organic P&C growth since 2004; commercial P&C lines up 19.9%.
- P&C combined ratio improved to 85.5% from 112.3%; current accident year combined ratio ex-cat 85.4% vs 87.4%.
- Pre-tax adjusted net investment income of $945M, up 9.4%, also a record result.
- Returned $2.27B to shareholders in Q2 including $1.92B in buybacks; Board approved incremental $5B buyback through June 2022.