05.02.2020, 22:39
Chubb Limited - Financial | Property & Casualty Insurance | USA
Chubb's (CB) Earnings Beat Estimates in Q4, Increase Y/Y
Chubb Limited CB reported fourth-quarter 2019 core operating income of $2.28 per share, which outpaced the Zacks Consensus Estimate by 8.6%. This upside was driven by higher premium revenues. The bottom line also improved 12.9% from the year-ago quarter.
Quarter in Detail
Net premiums written improved 9% year over year to $7.9 billion in the quarter. Net premiums earned rose 6.3% to $7.9 billion.
Net investment income was $858 million, up 1.2%.
Property and casualty (P&C) underwriting income was $533 million, up 12% from the year-ago quarter. Global P&C underwriting income excluding Agriculture was $556 million, up 76.3%.
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https://finance.yahoo.com/news/chubbs-cb...03543.html
![[Bild: CBc1dl1538.png]](https://finviz.com/publish/020520/CBc1dl1538.png)
Chubb incurred after-tax catastrophe loss of $353 million in the fourth quarter, plunging 30.2% year over year.
Chubb's (CB) Earnings Beat Estimates in Q4, Increase Y/Y
Chubb Limited CB reported fourth-quarter 2019 core operating income of $2.28 per share, which outpaced the Zacks Consensus Estimate by 8.6%. This upside was driven by higher premium revenues. The bottom line also improved 12.9% from the year-ago quarter.
Quarter in Detail
Net premiums written improved 9% year over year to $7.9 billion in the quarter. Net premiums earned rose 6.3% to $7.9 billion.
Net investment income was $858 million, up 1.2%.
Property and casualty (P&C) underwriting income was $533 million, up 12% from the year-ago quarter. Global P&C underwriting income excluding Agriculture was $556 million, up 76.3%.
...
https://finance.yahoo.com/news/chubbs-cb...03543.html
Chubb incurred after-tax catastrophe loss of $353 million in the fourth quarter, plunging 30.2% year over year.