Chubb Reports Q3 Earnings with Record Core Operating Income
Chubb Limited reported third-quarter net income of $7.30 per share and record core operating income of $7.66, representing increases of 4.4% and 0.8%, respectively. Consolidated net premiums written rose by 1.9% to $15.1 billion with both property & casualty (P&C) and life insurance segments showing growth. The P&C combined ratio was reported at 84.1%. Year-to-date, per share net income reached a record of $20.46 while core operating income hit $21.94, up by 16.2% and 24.5%, respectively. The company's P&C underwriting income was reported at $2.06 billion with the current accident year excluding catastrophe losses showing an increase of 3.3%. Life Insurance segment net premiums written rose to $1.96 billion, up by 1.4% from last year. Investment performance also showed strength as pre-tax net investment income reached a record high of $1.79 billion with adjusted net investment income at $1.89 billion. Chubb's annualized return on equity (ROE) was reported at 15.3%, while core operating ROE stood at 14.6%. Book value and tangible book value per share increased by 5.1% and 5.7%, respectively, from the previous year.
Tickers: $CB
Topics: Financial Performance Insurance Net Income Premiums Written
Read the full article at PR Newswire
Part of the story Tesla Reports Flat Q3 2026 Revenue and 4% Profit Decline (19 articles)