Chubb Q3 2021 Earnings Report
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.
Chubb
Chubb
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.