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

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

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

July 28, 2020 4:05 PM EDT

ZURICH, July 28, 2020 /PRNewswire/ -- Chubb Limited (NYSE: CB) today reported a net loss for the quarter ended June 30, 2020 of $(331) million, or $(0.73) per share, compared with net income of $1,150 million, or $2.50 per share, for the same quarter last year. Core operating loss was $(254) million, or $(0.56) per share, compared with core operating income of $1,195 million, or $2.60 per share, for the same quarter last year. Book and tangible book value per share increased 4.9% and 7.2%, respectively, from March 31, 2020 and now stand at $121.32 and $77.49, respectively. Book value was favorably impacted by total after-tax net realized and unrealized... More