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Sep 30, 2021
Chubb Q3 2021 Earnings Report
Chubb's net income and core operating income increased, driven by growth in P&C net premiums written and underwriting income.
Key Takeaways
Chubb Limited reported a strong third quarter with increased net income and core operating income. P&C net premiums written grew, and the company achieved excellent underwriting results despite significant catastrophe losses. The company is capitalizing on robust commercial P&C pricing conditions and investing in capabilities for future growth.
Net income for the quarter reached $1.83 billion, or $4.18 per share, compared to $1.19 billion in the prior year.
Core operating income was $1.16 billion, or $2.64 per share, up from $907 million in the prior year.
P&C net premiums written increased by 16.9% globally, driven by a 22.0% growth in commercial lines.
The P&C combined ratio improved to 93.4% compared to 95.2% in the prior year, with P&C underwriting income up 57.5% to $617 million.
Forward Guidance
Chubb did not provide specific forward guidance in the provided document. The document highlights the company's strong performance and strategic positioning for future growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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