Chubb Corp. (CB) Tops Q2 EPS by 67c

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Go back to Chubb Corp. (CB) Tops Q2 EPS by 67c

Chubb Reports Strong Second Quarter Net Income Per Share of $5.06 and Record Core Operating Income Per Share of $3.62; Consolidated Net Premiums Written Up 14.3% Globally, with Commercial P&C Line

July 27, 2021 4:05 PM EDT

ZURICH, July 27, 2021 /PRNewswire/ -- Chubb Limited (NYSE: CB) today reported net income for the quarter ended June 30, 2021 of $2.27 billion, or $5.06 per share, and core operating income of $1.62 billion, or $3.62 per share. Book value was favorably impacted by total after-tax net realized and unrealized gains of $1.52 billion, including a $1.35 billion gain in the investment portfolio, principally due to lower interest rates and mark-to-market gains on private equities, and favorable foreign exchange of $215 million. Book and tangible book value per share now stand at $136.90 and $91.48, respectively.

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