Chubb Corp. (CB) Tops Q2 EPS by 58c

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Go back to Chubb Corp. (CB) Tops Q2 EPS by 58c

Chubb Reports Second Quarter Net Income Per Share of $2.86 Versus $5.06 Prior Year, and Record Core Operating Income Per Share of $4.20, Up 16.0%; P&C Combined Ratio Was a Record 84.0%; P&C Ne

July 26, 2022 4:15 PM EDT

Net income was $1.22 billion versus $2.27 billion prior year and core operating income was a record $1.79 billion versus $1.62 billion prior year. For the six months, net income was $3.19 billion, compared to $4.57 billion prior year, and core operating income was a record $3.43 billion, up 24.0%.Consolidated net premiums written were up 7.9%, or 10.0% in constant dollars. P&C net premiums written were up 9.0%, or 11.0% in constant dollars, driven by growth in commercial lines of 12.1% and consumer lines of 8.0%.North America P&C net premiums written were up 10.9%, driven by growth in commercial lines of 12.6%... More