earnings
confidence high
sentiment positive
materiality 0.80
Chubb Q2 core EPS $4.20, up 16%; P&C combined ratio 84.0%, record underwriting income
Chubb Ltd
2022-Q2 EPS reported
$7.46
revenue$19,610,000,000
- Net income $1.22B ($2.86 EPS) vs $2.27B prior year; core operating income record $1.79B ($4.20 EPS), up 16.0%.
- P&C underwriting income record $1.44B, up 21.1%; combined ratio 84.0% vs 85.5%.
- P&C net premiums written up 9.0% (11.0% constant dollars); commercial +12.1%, consumer +8.0%.
- Record adjusted net investment income $950M; operating cash flow $2.72B; share repurchases $1.13B.
- Completed acquisition of Cigna's A&H and life business for $5.36B on July 1, 2022.