Chubb Corp. (CB) Tops Q1 EPS by 11c

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Go back to Chubb Corp. (CB) Tops Q1 EPS by 11c

Chubb Reports First Quarter Net Income Per Share of $0.55 versus $2.25 Prior Year, and Core Operating Income Per Share of $2.68 versus $2.54 Prior Year; Consolidated Net Premiums Written of $8.0 Billi

April 21, 2020 4:05 PM EDT

ZURICH, April 21, 2020 /PRNewswire/ -- Chubb Limited (NYSE: CB) today reported net income for the quarter ended March 31, 2020 of $252 million, or $0.55 per share, compared with $1,040 million, or $2.25 per share, for the same quarter last year. Core operating income was $1,220 million, or $2.68 per share, compared with $1,170 million, or $2.54 per share, for the same quarter last year. The quarter was marked by financial market volatility in the credit, equity and foreign exchange markets, which impacted net income and book value. Book and tangible book value per share decreased 5.5% and 7.5%, respectively, from December 31, 2019 and now stand at $115.64... More