share_log

Chubb Ltd | 10-Q: Q3 2024 Earnings Report

SEC ·  Oct 31 01:32

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.
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.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.