earnings
confidence high
sentiment positive
materiality 0.85
Chubb Q3 core operating income $2.04B, EPS $4.95, up 58.1%; P&C combined ratio 88.4%
Chubb Ltd
2023-Q3 EPS reported
$13.79
revenue$36,743,000,000
- Net income and core operating income each $2.04B ($4.95/shr), up 157.8% and 55.4% YoY.
- Consolidated net premiums written $13.1B, up 9.1%; Global P&C up 12.3%, commercial +10.3%, consumer +17.6%.
- P&C combined ratio 88.4% vs 93.1%; current accident year ex-cat combined ratio 84.3%.
- Adjusted net investment income record $1.41B, up 34.2%; operating cash flow record $4.68B.
- Huatai consolidation accretive $0.12/core EPS; aggregate interest 72.1%; $958M returned to shareholders ($606M buybacks).