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Dec 31, 2022
Chubb Q4 2022 Earnings Report
Chubb reported strong Q4 2022 results, with increased net premiums written and core operating income.
Key Takeaways
Chubb's Q4 2022 results showed a net income of $1.31 billion and core operating income of $1.70 billion. Consolidated net premiums written increased by 11.9%, with P&C net premiums written up 5.9% and a combined ratio of 88.0%. The company experienced record net investment income and strong growth in life insurance premiums.
Net income for the fourth quarter was $1.31 billion, or $3.13 per share.
Core operating income for the fourth quarter was $1.70 billion, or $4.05 per share.
Consolidated net premiums written increased by 11.9%, reaching $10.2 billion.
P&C combined ratio was 88.0%, or 85.9% excluding Agriculture.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Chubb expects 2023 to be a good year in terms of growth and earnings, with a strong start to the new year.
Positive Outlook
- Reinvesting strong operating cash flow at substantially higher rates
- Growing investment income run rate
- Pricing conditions in commercial P&C remain favorable
- Vast majority of portfolio is achieving good risk-adjusted returns
- Staying on top of loss cost inflation
Challenges Ahead
- Plenty of risk and uncertainty in the operating environment globally
- Economic uncertainty
- Geopolitical uncertainty
- Below-average crop year impacted agriculture results
- Unfavorable foreign currency movement negatively impacted core operating income
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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