Chubb Corp. (CB) Tops Q3 EPS by 52c

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Go back to Chubb Corp. (CB) Tops Q3 EPS by 52c

Chubb Reports Third Quarter Per Share Net Income and Record Core Operating Income of $4.95 Each, Up 161.9% and 58.1%, Respectively; Consolidated Net Premiums Written of $13.1 Billion, Up 9.1%, with Gl

October 24, 2023 4:15 PM EDT

Net income and core operating income were each $2.04 billion, up 157.8% and 55.4%, respectively. For the nine months, net income was $5.73 billion, up 45.5%, and core operating income was a record $5.93 billion, up 24.7%.P&C net premiums written in the quarter were up 8.4%. Global P&C, which excludes Agriculture, was up 12.3%, with commercial insurance up 10.3% and consumer insurance up 17.6%. North America was up 8.9%, including growth of 9.6% in personal insurance and 8.7% in commercial insurance with P&C lines up 10.5% and financial lines up 1.1%.... More