Chubb Corp. (CB) Tops Q1 EPS by 112c
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Chubb Reports First Quarter Net Income Per Share of $4.59 Versus $5.07 Prior Year, and Record Core Operating Income Per Share of $3.82,Up 51.6%; P&C Combined Ratio Was a Record 84.3%; Global P&
April 26, 2022 4:05 PM EDTNet income was $1.97 billion versus $2.30 billion prior year and core operating income was $1.64 billion versus $1.14 billion prior year.Consolidated net premiums written were up 6.2%, or 8.1% in constant dollars. Global P&C net premiums written, which exclude Agriculture, were up 8.8%, or 10.7% in constant dollars, driven by growth in commercial lines of 11.9% and consumer lines of 7.9%.North America P&C net premiums written were up 6.8%, with commercial lines excluding Agriculture up 10.5%, consumer lines up 7.0%, and Agriculture down 65.9%. Agriculture included a $161 million return of premium to the federal government under the profit-sharing agreement... More
