Chubb Corp. (CB) Misses Q3 EPS by 29c

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Go back to Chubb Corp. (CB) Misses Q3 EPS by 29c

Chubb Reports Third Quarter Per Share Net Income and Core Operating Income of $2.63 and $2.00, Respectively; Net Catastrophe Losses Per Share Were $1.76 Versus $0.41 Prior Year; Consolidated Net Premi

October 27, 2020 4:05 PM EDT

ZURICH, Oct. 27, 2020 /PRNewswire/ -- Chubb Limited (NYSE: CB) today reported net income for the quarter ended September 30, 2020 of $1,194 million, or $2.63 per share, compared with $1,091 million, or $2.38 per share, for the same quarter last year. Core operating income was $907 million, or $2.00 per share, compared with $1,236 million, or $2.70 per share, for the same quarter last year. Book and tangible book value per share increased 3.0% and 4.7%, respectively, from June 30, 2020 and now stand at $124.98 and $81.11, respectively. Book value was favorably impacted by total after-tax net realized and unrealized gains of $1.1 billion in the investment portfolio,... More