earnings
confidence high
sentiment positive
materiality 0.85
Chubb Q1 core operating EPS $3.82 (+51.6% YoY); record P&C combined ratio 84.3%
Chubb Ltd
2022-Q1 EPS reported
$4.59
revenue$9,669,000,000
- Net income $1.97B ($4.59 EPS) vs $2.30B ($5.07) prior year; core operating income $1.64B ($3.82 EPS) up 43.6%.
- P&C combined ratio record 84.3% (vs 91.8%); current accident year ex-cat 83.5% (vs 85.2%).
- Global P&C commercial NPW up 10.3% (11.9% constant); North America commercial ex-ag up 10.5%.
- Book value per share fell 4.4% to $133.82 due to $3.57B after-tax unrealized losses from rising rates.
- Total capital returned $1.34B including $1.0B buybacks; adjusted net investment income $901M.