Chubb Reports Second Quarter Per Share Net Loss and Core Operating Loss of $(0.73) and $(0.56), Respectively, Including Net Catastrophe Losses of $3.35 Per Share Versus $0.48 Per Share Prior Year

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Go back to Chubb Reports Second Quarter Per Share Net Loss and Core Operating Loss of $(0.73) and $(0.56), Respectively, Including Net Catastrophe Losses of $3.35 Per Share Versus $0.48 Per Share Prior Year

Chubb Corporation (CB) PT Raised to $155 at RBC Capital

July 29, 2020 1:38 PM EDT

RBC Capital analyst Mark Dwelle raised the price target on Chubb Corporation (NYSE: CB) to $155.00 (from $150.00) while maintaining an Outperform rating.

Pricing persists amid uncertainties... More

Chubb Corp. (CB) Tops Q2 EPS by 10c

July 28, 2020 4:11 PM EDT

Chubb Corp. (NYSE: CB) reported Q2 EPS of ($0.56), $0.10 better than the analyst estimate of ($0.66).

Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented: "It was a difficult quarter for Chubb as the COVID-19 global pandemic, an event of historic proportions, impacted both our earnings and growth, and overshadowed the core underlying strength and vitality of our company. The 112.3% P&C combined ratio and core operating loss of 56 cents per share were negatively impacted predominantly by an after-tax COVID-related charge of $1.2 billion, which cost us essentially a quarter of our... More