Chubb Q4 2019 Earnings Report
Key Takeaways
Chubb's Q4 2019 results showed a significant increase in net income, rising to $1,173 million from $355 million in the prior year. Core operating income also increased to $1,040 million from $935 million. The P&C combined ratio improved slightly to 92.7% compared to 93.1% in the previous year.
Net income increased to $1,173 million, or $2.57 per share, compared to $355 million, or $0.76 per share, in the prior year.
Core operating income rose to $1,040 million, or $2.28 per share, from $935 million, or $2.02 per share, year-over-year.
P&C net premiums written increased by 9.0% to $7.4 billion, or 9.8% in constant dollars.
The P&C combined ratio was 92.7%, an improvement from 93.1% in the prior year.
Chubb
Chubb
Chubb Revenue by Segment
Chubb Revenue by Geographic Location
Forward Guidance
The company has started the new year in excellent shape and with a lot of momentum. They are focused on executing their many long-term strategic initiatives that will position them for long-term revenue and earnings growth.
Positive Outlook
- Organization built to capitalize on market conditions
- Focus on executing long-term strategic initiatives
- Positioned for long-term revenue growth
- Positioned for long-term earnings growth
- Rates increasing at an accelerated pace quarter on quarter while spreading to more classes of business, risk types and countries.
Revenue & Expenses
Visualization of income flow from segment revenue to net income