Summary by Futu AI
Chubb Limited reported robust financial results for Q3 2024, with net income attributable to Chubb rising 13.8% to $2.3 billion. Net premiums written increased 5.5% to $13.8 billion, driven by growth across most product lines. The P&C combined ratio improved to 87.7% from 88.4% in the prior year period.Pre-tax catastrophe losses were $765 million, up from $670 million last year. Net investment income reached a record $1.5 billion, a 14.7% increase year-over-year. The company's strong performance was attributed to solid underwriting results and higher investment returns.Chubb's balance sheet remained robust, with total shareholders' equity increasing by $4.7 billion during the quarter. The company returned $782 million to shareholders through dividends and share repurchases. Looking ahead, Chubb maintains a positive outlook, supported by its diversified global operations and strong capital position.