Chubb Limited today reported net income for the quarter ended June 30, 2023 of $1.79 billion, or $4.32 per share, and core operating income of $2.04 billion, or $4.92 per share.
Tag: Chubb profits
Chubb Rate Increases Fuel Growth, Offset Heavy Storm Claims
Chubb said rate increases and other premium growth in the first quarter more than offset a 38% jump in catastrophe losses.
Chubb Q3 Profit Rises, Helped by Strong Premium Revenue Growth
Chubb Ltd. said Tuesday its profit rose in the third quarter, helped by strong premium revenue growth and underwriting results. The insurance company reported net income of $1.83 billion, up from $1.19 billion in the third quarter of 2020. Earnings per share rose to $4.18 from $2.63 and core operating income per share increased to… Continue reading Chubb Q3 Profit Rises, Helped by Strong Premium Revenue Growth
Chubb Reports Strong Second Quarter Net Income
Chubb Limited today reported net income for the quarter ended June 30, 2021 of $2.27 billion, or $5.06 per share, and core operating income of $1.62 billion, or $3.62 per share. Book value was favorably impacted by total after-tax net realized and unrealized gains of $1.52 billion, including a $1.35 billion gain in the investment… Continue reading Chubb Reports Strong Second Quarter Net Income
Allstate, Chubb Profits Rise on Disaster Claim Decline, Premium Growth
Chubb Ltd. and Allstate Corp., two of the best-known names in property-and-casualty insurance, posted strong gains in fourth-quarter net income, as their core insurance operations benefited from fewer catastrophe claims and growth in premium volume. For U.S. property-casualty insurers, the most-recent quarter included Texas tornadoes and California wildfires, but the damage was light compared with… Continue reading Allstate, Chubb Profits Rise on Disaster Claim Decline, Premium Growth
Chubb’s 3Q Profit falls, Net Premiums Written Rise
Chubb Ltd.’s profit fell from a year prior while net premiums written rose. Chubb’s net income in the third quarter was $1.09 billion, down 11% from the comparable quarter a year ago. Earnings were $2.38 a share, down from $2.64 a share. Chubb’s core operating earnings were $2.70 a share, up from $2.41 a share.… Continue reading Chubb’s 3Q Profit falls, Net Premiums Written Rise
Chubb’s Greenberg: Insurance Market Firming
Chubb beat analysts’ forecasts with a $1.2 billion profit in the second quarter of this year, as chairman Evan Greenberg flagged up a hardening pricing environment. “We benefited from an improved pricing and underwriting environment, flight to quality from commercial insurance buyers, and our various global growth initiatives,” Mr Greenberg said in Chubb’s earnings statement.… Continue reading Chubb’s Greenberg: Insurance Market Firming