earnings
confidence high
sentiment neutral
materiality 0.80
Chubb Q3 net income $1.94/share (-53.6%); core op income $3.17 (+20.1%); premiums up 14.4%
Chubb Ltd
2022-Q3 EPS reported
$9.41
revenue$31,740,000,000
- Net income $812M ($1.94 EPS) down 55.7% YoY; core operating income $1.33B ($3.17 EPS) up 15.1%.
- P&C net premiums written +8.5% (11.2% constant currency); combined ratio 93.1% vs 93.4% prior.
- Pre-tax catastrophe losses $1.16B including $975M from Hurricane Ian; P&C underwriting income $710M (+15%).
- Life insurance premiums more than doubled to $1.27B on Cigna Asia acquisition; segment income +158% to $271M.
- Returned $1.03B to shareholders via $685M buybacks and $346M dividends; book value per share $114.79 (-7% QoQ).