Chubb Corp. (CB) Tops Q1 EPS by 3c

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Go back to Chubb Corp. (CB) Tops Q1 EPS by 3c

Chubb Reports First Quarter Per Share Net Income and Core Operating Income of $5.07 and $2.52, Respectively, Including Net Catastrophe Losses Per Share of $1.26 Versus $0.44 Prior Year; Consolidated N

April 27, 2021 4:11 PM EDT

ZURICH, April 27, 2021 /PRNewswire/ -- Chubb Limited (NYSE: CB) today reported net income for the quarter ended March 31, 2021 of $2.30 billion, or $5.07 per share, compared with $252 million, or $0.55 per share, for the same quarter last year. Core operating income was $1.14 billion, or $2.52 per share, compared with $1.22 billion, or $2.68 per share, for the same quarter last year. Book and tangible book value per share decreased 0.4% and 0.6%, respectively, from December 31, 2020 and now stand at $131.37 and $87.16, respectively. Book value was unfavorably impacted by total after-tax net realized and unrealized losses of $737 million, including a $1.1 billion loss... More