Chubb Q4 2021 Earnings Report
Key Takeaways
Chubb reported a strong fourth quarter with record core operating income and underwriting results. Net income was $2.14 billion, or $4.95 per share, and core operating income was $1.65 billion, or $3.81 per share. The P&C combined ratio was 85.5%.
Fourth quarter net income was $2.14 billion and core operating income was a record $1.65 billion.
Fourth quarter P&C underwriting income was a record $1.27 billion, up 30.7%.
Fourth quarter consolidated net premiums written were up 8.8%.
The company entered into agreements with several shareholders to purchase additional ownership interests in Huatai Group, bringing Chubb’s total aggregate ownership to 86.1%.
Chubb
Chubb
Forward Guidance
Chubb anticipates benefiting from the acquisition of Cigna’s Asia business and increased ownership of Huatai Group, expecting a good year in terms of growth and margin improvement.
Positive Outlook
- Continued strong organic performance.
- Benefit from greater revenue and earnings from the acquisition of Cigna’s Asia business.
- Benefit from increased ownership of Huatai Group in China when approved by the regulator.
- Strong wealth creation.
- Expects a good year in terms of growth and margin improvement.