earnings
confidence high
sentiment neutral
materiality 0.70
Chubb Q3 net income $2.84B, EPS $7.30; core operating EPS $7.66 as cat losses rise to $705M
Chubb Ltd
- Net income $2.84B (+1.5% YoY), EPS $7.30; core operating income $2.98B (-2.2%), core operating EPS $7.66 (+0.8%).
- Consolidated net premiums written $15.1B (+1.9%); P&C NPW $13.18B (+1.9%); Life NPW $1.96B (+1.4%).
- P&C combined ratio 84.1%; underwriting income $2.06B; current accident year ex-cat combined ratio 82.6%.
- Pre-tax catastrophe losses $705M vs $285M a year earlier; favorable prior-period development $511M vs $361M.
- North America Commercial NPW -2.7%; Personal +5.3%, Agriculture +5.1%, Overseas General +6.7%; BVPS $191.43 (+5.1% YoY).