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Jun 30, 2021
Chubb Q2 2021 Earnings Report
Reported strong results driven by record core operating income and underwriting performance.
Key Takeaways
Chubb reported a strong second quarter with net income of $2.27 billion, or $5.06 per share, and record core operating income of $1.62 billion, or $3.62 per share. The company experienced significant growth in P&C net premiums written, driven by commercial lines, and achieved its best organic P&C growth in over 15 years. The P&C combined ratio improved significantly, and adjusted net investment income reached a record high.
Net income was $2.27 billion, a significant increase from the prior year's net loss of $(331) million.
Core operating income reached a record $1.62 billion, compared to a core operating loss of $(254) million in the prior year.
P&C net premiums written increased by 15.5% globally, driven by commercial lines and the best organic P&C growth since 2004.
The P&C combined ratio improved to 85.5% from 112.3% in the prior year.
Chubb
Chubb
Chubb Revenue by Segment
Chubb Revenue by Geographic Location
Revenue by Segment
North America P&C Revenue
CapyFin.comNA Commercial P&C Revenue
CapyFin.comNA Personal P&C Revenue
CapyFin.comNA Agricultural Ins. Revenue
CapyFin.comOverseas General Revenue
CapyFin.comRevenue by Geographic Location
Overseas General Revenue
CapyFin.com Forward Guidance
Chubb is capitalizing on a strong commercial P&C pricing environment and expects these market conditions to continue. The company aims to continue growing its business and expanding underwriting margins to deliver strong, sustainable shareholder value.
Positive Outlook
- Strong commercial P&C pricing environment in most regions.
- Overall rates increased in North America and international commercial P&C businesses.
- Confident that current market conditions will continue.
- Company is growing its business.
- Underwriting margins are expanding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income