Chubb Corp. (CB) Tops Q2 EPS by 6c

Chubb Corp. (NYSE: CB) reported Q2 EPS of $2.68, $0.06 better than the analyst estimate of $2.62.

Book value per share decreased 0.1% and tangible book value per share increased 0.5% from March 31, 2018 and now stand at $109.97 and $66.00, respectively. Book value and tangible book value per share growth were unfavorably impacted by realized and unrealized losses of $407 million after-tax in the company\'s investment portfolio, driven by rising interest rates. In addition, foreign currency movement (FX) unfavorably impacted book value by $457 million after-tax and tangible book value by $200 million after-tax.

For earnings history and earnings-related data on Chubb Corp. (CB) click here.

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