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Dec 31, 2020
Chubb Q4 2020 Earnings Report
Chubb's Q4 2020 earnings were released, revealing a significant increase in net income and core operating income.
Key Takeaways
Chubb reported a strong fourth quarter with a 107.8% increase in per share net income and a 39.5% increase in core operating income. Consolidated net premiums written were up 5.2%, with commercial P&C lines globally up 10%.
Net income for the fourth quarter was $2.42 billion, compared to $1.17 billion in the prior year.
Core operating income for the fourth quarter reached $1.44 billion, up from $1.04 billion in the previous year.
P&C net premiums written increased by 5.4% in the fourth quarter.
The P&C combined ratio for the fourth quarter improved to 87.6% from 92.7% in the prior year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Chubb is off to a good start in ‘21 with both growth and the level of commercial P&C rate increases resembling the underwriting conditions of the fourth quarter. The company is confident in its ability to continue growing revenue and expanding underwriting margins.
Positive Outlook
- Underwriting margin improvement
- Double-digit commercial lines premium growth globally
- Strong pricing environment in most regions of the world
- Favorable underwriting conditions expected to continue
- Leadership energized and people focused
Challenges Ahead
- Pandemic's effects on consumer activity
- Net premiums declined in consumer lines businesses globally
- Impact of health-related shutdown
- Unpredictable catastrophic events
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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