earnings
confidence high
sentiment positive
materiality 0.85
Chubb Q3 net income $2.32B ($5.70/sh) up 15.2% EPS; record P&C underwriting and investment income
Chubb Ltd
2024-Q3 EPS reported
$16.38
revenue$41,578,000,000
- Net income $2.32B ($5.70 EPS) up 13.8%; core operating income $2.33B ($5.72 EPS) up 14.3% - both records.
- P&C underwriting income $1.46B up 11.7%, combined ratio 87.7%; record current accident year ex-CAT underwriting income $1.98B (combined ratio 83.4%).
- Pre-tax net investment income $1.51B (+14.7%); adjusted $1.64B (+15.9%); both records. Life insurance premiums +10.6% constant dollars.
- Book value per share $163.16 (+8.0% from Q2); tangible book value $102.67 (+12.8%). Year-to-date core operating ROE 13.6%, ROTE 21.5%.
- Capital returned $782M ($413M buybacks at $286.18 avg, $369M dividends). Catastrophe losses $765M incl $250M from Hurricane Helene.