Chubb Ltd. posted higher first-quarter net income on higher income in both the life and property/casualty segments and a double-digit rise in net investment income.
Tag: P&C profits
P&C Insurers’ Profits to See Boost from Higher Rates, Study Shows
Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates cushion a hit from a rise in claims, a report by Swiss Re Institute showed on Saturday.
Chubb Beats Q1 Earnings Estimates
Chubb came out with quarterly earnings of $3.82 per share, beating the Zacks Consensus Estimate of $3.52 per share. This compares to earnings of $2.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.52%. A quarter ago, it was expected that this insurer… Continue reading Chubb Beats Q1 Earnings Estimates
Zurich Notes Improved P&C Pricing Trends in the First Quarter
Global insurer Zurich has report growth across all regions within its property and casualty (P&C) business in the first-quarter of 2019, while the firm remains on track to meet or exceed its full-year targets. The P&C segment recorded like-for-like premium growth of 4% in Q1 2019 to $9.2 billion. However, in US dollar terms P&C… Continue reading Zurich Notes Improved P&C Pricing Trends in the First Quarter
Munich Re Sees Profit Growth In FY19, FY20
German reinsurer Munich Re announced Wednesday that it expects profits for 2019 and 2020 will continue to rise following the significant increase in profit last year. The company projects an increase of 200 million euros in fiscal 2019 profit to around 2.5 billion euros. The company expects to reach medium-term profit guidance of 2.8 billion… Continue reading Munich Re Sees Profit Growth In FY19, FY20