earnings
confidence high
sentiment positive
materiality 0.80
Chubb reports record FY core operating income $9.2B; Q4 EPS $6.02; California wildfire est. $1.5B pre-tax charge
Chubb Ltd
2024-FY EPS reported
$22.70
revenue$55,753,000,000
- Q4 net income $2.58B ($6.33/sh), core operating income $2.45B ($6.02/sh); adjusted for tax benefit, core op income up 7.7%.
- Full-year net premiums written $51.5B, up 8.7%; P&C combined ratio 86.6%; record underwriting income $5.85B.
- Q4 Global P&C net premiums written up 6.7% (ex-Ag); commercial +6.4%, consumer +7.5%.
- Pre-tax catastrophe losses $2.39B for the year; California wildfire estimated $1.5B net pre-tax charge in Q1 2025.
- Total capital returned to shareholders $3.48B, including $2.02B in share repurchases and $1.46B dividends.