Chubb Corp. (CB) Misses Q3 EPS by 2c

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Go back to Chubb Corp. (CB) Misses Q3 EPS by 2c

Chubb Reports Third Quarter Net Income Per Share of $1.94 Versus $4.18 Prior Year, and Core Operating Income Per Share of $3.17, Up 20.1%; Consolidated Net Premiums Written Up 14.4%, or 17.3% in Const

October 25, 2022 4:45 PM EDT

Net income was $812 million versus $1.83 billion prior year and core operating income was $1.33 billion, up 15.1%. For the nine months, net income was $4.00 billion versus $6.40 billion prior year, and core operating income was a record $4.76 billion, up 21.4%.P&C net premiums written were up 8.5%, or 11.2% in constant dollars, with commercial lines up 11.7% and consumer/personal lines up 9.6%.Total North America P&C net premiums written were up 10.6%, with growth of 11.4% in commercial lines and 7.1% in personal lines. Overseas General P&C net premiums written were up 1.9%, or 11.7% in constant dollars, comprising growth... More