earnings
confidence high
sentiment positive
materiality 0.75
Chubb Q1 net income up 13.3% to $2.14B; core operating EPS $5.41, up 22.7%
Chubb Ltd
2024-Q1 EPS reported
$5.23
revenue$12,894,000,000
- P&C combined ratio 86.0%; net premiums written $12.2B (+14.1%), with P&C +12.4% and Life +26.3%.
- Global P&C ex-Agriculture premiums up 13.3%, led by Asia +34.7%, Latin America +17.5%.
- Pre-tax net investment income $1.39B (+25.7%); adjusted net investment income $1.48B (+23.5%).
- Book value per share $149.09 (+1.5% from Dec 2023); tangible book $89.55.
- Returned $666M to shareholders ($316M buybacks, $350M dividends); Huatai stake raised to 85.5%.