Chubb Q2 core operating income rises 14.6% to $2.84 billion; net premiums written increase 3.6% to $14.71 billion - CB News | RalliesChubb Q2 core operating income rises 14.6% to $2.84 billion; net premiums written increase 3.6% to $14.71 billion
C
CB• Chubb reports higher core operating income and premiums
- Chubb posted Q2 net income of USD 2.85 billion, down 3.8%, while core operating income climbed 14.6% to USD 2.84 billion.
- Diluted EPS edged down 0.7% to USD 7.30, while core operating EPS rose 18.2% to USD 7.26.
- P&C underwriting income rose 18.8% to USD 1.94 billion as the combined ratio improved 1.8 percentage points to 83.8%.
- Consolidated net premiums written increased 3.6% to USD 14.71 billion, led by life net premiums written up 7.5% to USD 1.94 billion.
- Chairman and CEO Evan G. Greenberg said soft conditions persist in some global property and are spreading to parts of casualty and financial lines.
