Chubb reports record Q1 core operating EPS of $4.41, up 15.1% YoY; P&C premiums up 9.3%

Chubb Ltd

2023-Q1 EPS reported $4.53 revenue$11,057,000,000

Core operating income record $1.84B ($4.41/share), up 11.8% and 15.1% per share YoY.
Consolidated net premiums written $10.71B, up 16.6% (18.3% constant); P&C combined ratio 86.3% (83.4% ex-cat).
Catastrophe losses $458M pre-tax ($382M after-tax) vs $333M/$290M prior year; current accident year combined ratio ex-cat improved to 83.4%.
Life Insurance net written premiums $1.29B, up 124.4% (128.7% constant); segment income $244M, up 102%.
Pre-tax net investment income record $1.11B, up 34.7%; returned $772M to shareholders ($428M buybacks, $344M dividends).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Chubb Ltd reported the quarter ended March 31, 2023 results: revenue $10,710, net income $1.89 billion, EPS $4.53 per share.

Period: the quarter ended March 31, 2023
Revenue: $10,710
Net income: $1.89 billion
EPS: $4.53 per share
Result: reported results

Exact text from the filing

As Adjusted Chubb Limited Q1 Q1 (in millions of U.S. dollars except for percentages) 2023 2022 Change Consolidated Net premiums written (increase of 18.3% in constant dollars) $ 10,710 $ 9,189 16.6% P&C Net premiums written (increase of 11.0% in constant dollars) $ 9,417 $ 8,613 9.3% Underwriting income $ 1,213 $ 1,283 (5.5)% Combined ratio 86.3% 84.3% Current

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Source: SEC EDGAR

accession 0001193125-23-115383

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