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Jun 30, 2020
Chubb Q2 2020 Earnings Report
Chubb experienced a net loss and core operating loss due to significant catastrophe losses, including those related to COVID-19.
Key Takeaways
Chubb reported a net loss of $(331) million, or $(0.73) per share, and a core operating loss of $(254) million, or $(0.56) per share, for the quarter ended June 30, 2020. The results were significantly impacted by net catastrophe losses, including COVID-19 related losses.
Net loss was $(331) million, compared to net income of $1,150 million in the prior year.
Core operating loss was $(254) million, compared to core operating income of $1,195 million in the prior year.
Net catastrophe losses were $1,510 million after tax, including COVID-19 catastrophe losses of $1,157 million after tax.
Consolidated net premiums written were $8.4 billion, up 0.1%, or 1.9% in constant dollars.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Chubb did not provide specific forward guidance in this earnings report.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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