Thanks to written premium growth and tailwinds from share repurchases, Chubb’s profits could be strong in the coming quarters as well, unless the company feels an impact from above-average catastrophe losses, which generally aren’t predicable. Chubb’s solid profitability during the quarter can be explained by a very healthy combined ratio, despite some natural disasters that impacted Chubb’s catastrophe losses. Chubb was able to generate net investment income of $900million during the quarter, which was flat on a sequential basis.Ĭhubb generated earnings-per-share of $3.82 during the first quarter, which was easily ahead of what the analyst community had forecasted. Net written premiums were up 8% year-over-year in Chubb’s P&C segment at constant currency rates, which was slightly weaker than the growth recorded in the previous quarter. The company reported that its revenues totaled $8.8 billion during the quarter, which was 6% more than the revenues that Chubb generated during the previous year’s quarter. Chubb has a large and diversified product portfolio.Ĭhubb reported its first quarter earnings results on April 26. The current version of Chubb was created in 2016, when Ace Limited acquired the ‘old’ Chubb and adopted its name.
The company provides insurance services including property & casualty insurance, accident & health insurance, life insurance, and reinsurance. No-Fee DRIP Dividend Aristocrat #15: Chubb Limited (CB)Ĭhubb Ltd is a global provider of insurance and reinsurance services headquartered in Zurich, Switzerland.
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