Chubb Limited reported robust Q3 2024 results with net income rising 13.8% to $2.32 billion ($5.70 per share) and core operating income increasing 14.3% to $2.33 billion ($5.72 per share). Global P&C net premiums written grew 8.5% in constant dollars, with commercial insurance up 8.1% and consumer insurance up 9.4%. The P&C combined ratio improved to 87.7%, generating underwriting income of $1.46 billion.Pre-tax net investment income reached a record $1.51 billion, up 14.7%, while adjusted net investment income rose 15.9% to $1.64 billion. North America commercial P&C premiums increased 7.2%, with P&C lines up 9.9%. Personal lines grew 10.0%, and overseas general insurance premiums rose 7.5% in constant dollars. The company faced $765 million in catastrophe losses, including $250 million from Hurricane Helene.Book value per share increased 8.0% from Q2 2024 to $163.16, benefiting from $3.53 billion in after-tax investment gains and $344 million in foreign currency gains. The company maintained strong profitability with a 14.7% annualized ROE and 21.7% core operating ROTE. Total capital returned to shareholders was $782 million, including $413 million in share repurchases and $369 million in dividends.

Chubb Limited reported robust Q3 2024 results with net income rising 13.8% to $2.32 billion ($5.70 per share) and core operating income increasing 14.3% to $2.33 billion ($5.72 per share). Global P&C net premiums written grew 8.5% in constant dollars, with commercial insurance up 8.1% and consumer insurance up 9.4%. The P&C combined ratio improved to 87.7%, generating underwriting income of $1.46 billion.Pre-tax net investment income reached a record $1.51 billion, up 14.7%, while adjusted net investment income rose 15.9% to $1.64 billion. North America commercial P&C premiums increased 7.2%, with P&C lines up 9.9%. Personal lines grew 10.0%, and overseas general insurance premiums rose 7.5% in constant dollars. The company faced $765 million in catastrophe losses, including $250 million from Hurricane Helene.Book value per share increased 8.0% from Q2 2024 to $163.16, benefiting from $3.53 billion in after-tax investment gains and $344 million in foreign currency gains. The company maintained strong profitability with a 14.7% annualized ROE and 21.7% core operating ROTE. Total capital returned to shareholders was $782 million, including $413 million in share repurchases and $369 million in dividends.