Chubb Q4 net income $3.30B ($8.03 EPS) up 151.7%; record core operating $3.41B

Chubb Ltd

2023-FY EPS reported $21.80 revenue$49,735,000,000

Q4 net income $3.30B ($8.03/share) up 151.7%; includes $1.14B deferred tax benefit from Bermuda tax law.
Core operating income $3.41B ($8.30/share) up 103.6%; P&C combined ratio 85.5%, record underwriting income $1.52B.
Full-year net income $9.03B ($21.80/share) up 72.1%; core operating $9.34B ($22.54/share) up 45.2%.
Consolidated net premiums written up 13.4% to $11.6B in Q4; P&C up 12.5%. Life premiums up 20.3% to $1.45B.
Returned $3.88B to shareholders in 2023 ($2.48B buybacks, $1.40B dividends). Raised Huatai ownership to ~79.5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chubb Ltd reported the quarter ended December 31, 2023 results: revenue Consolidated Net Premiums Written of $11.6 Billion, net income Net income of $3.30 billion, or $8.03 per share, EPS $8.03 per share.

Period: the quarter ended December 31, 2023
Revenue: Consolidated Net Premiums Written of $11.6 Billion
Net income: Net income of $3.30 billion, or $8.03 per share
EPS: $8.03 per share
Result: reported results

Exact text from the filing

Chubb Reports Record Fourth Quarter Per Share Net Income and Core Operating Income of $8.03 and $8.30, Up 156.5% and 107.5%, Respectively; Consolidated Net Premiums Written of $11.6 Billion, Up 13.4%, with P&C Up 12.5%; P&C Combined Ratio of 85.5%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chubb Ltd reported the year ended December 31, 2023 results: revenue Consolidated Net Premiums Written of $47.4 Billion, net income Net income of $9.03 billion, or $21.80 per share, EPS $21.80 per share.

Period: the year ended December 31, 2023
Revenue: Consolidated Net Premiums Written of $47.4 Billion
Net income: Net income of $9.03 billion, or $21.80 per share
EPS: $21.80 per share
Result: reported results

Exact text from the filing

Record Full-Year Per Share Net Income and Core Operating Income of $21.80 and $22.54, Up 75.9% and 48.5%, Respectively; Consolidated Net Premiums Written of $47.4 Billion, Up 13.5%, with P&C Up 9.9%; Record P&C Combined Ratio of 86.5%

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Source: SEC EDGAR

accession 0001193125-24-019737

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