PR Newswire

The newsfeed available here is provided by our content partner PR Newswire. This is one of the most important and widest-reaching press services, providing news, press releases and multimedia content to the media, journalists and the public.
The NewsWire Hub ("X-Billboard") currently comprises four of the most important international news sources and is supplemented by a stock market information service. The individual newswire services complement each other and provide a complementary range of information, more than three quarters of the official news sources on which editors worldwide base their stock market reporting. Your advantage: You will find everything here in one overview. You can navigate to the individual sections using the control elements. In the terminal view, you can carry out individual searches at company level.
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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
NEWS
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State: 17.08.2024 | 11PM
Tue, 29.10.2024       Chubb
CH0044328745

Net income was $2.32 billion, up 13.8%, and core operating income was $2.33 billion, up 14.3%. For the nine months, net income and core operating income were a record $6.70 billion and $6.75 billion, up 16.9% and 13.8%, respectively. On a per share basis, year-to-date net income and core operating income of $16.38 and $16.50 were records and up 18.8% and 15.6%.Consolidated net premiums written were up 5.5%, or 6.6% in constant dollars.P&C net premiums written were up 5.4%, or 6.1% in constant dollars.Global P&C net premiums written, which excludes Agriculture, were up 7.6%, or 8.5% in constant dollars, with commercial insurance up 8.1% and consumer insurance up 9.4%. North America was up 7.8%, including growth of 10.0% in personal insurance and 7.2% in commercial insurance, with P&C lines up 9.9% and financial lines down 5.1%. Overseas General was up 4.9%, or 7.5% in constant dollars, with growth of 8.5% in consumer insurance and 6.7% in commercial insurance; Asia-Pacific, Latin America, and Europe were up 9.2%, 7.7%, and 7.1%.Agriculture net premiums written were down 9.3% due to lower commodity prices while our market share grew.P&C underwriting income was $1.46 billion, up 11.7%, with a combined ratio of 87.7%. P&C current accident year underwriting income excluding catastrophe losses was a record $1.98 billion, up 11.5%, with a combined ratio of 83.4%. For the nine months, P&C underwriting income was $4.28 billion, up 8.4%, and $5.41 billion, up 11.0%, on a current accident year excluding catastrophe losses basis, leading to a combined ratio of 83.4%.Pre-tax catastrophe losses were $765 million, including $250 million from Hurricane Helene, compared with $670 million last year.Pre-tax net investment income was $1.51 billion, up 14.7%, and adjusted net investment income was $1.64 billion, up 15.9%. Both were records.Life Insurance net premiums written were $1.55 billion, up 6.8%, or 10.6% in constant dollars, and segment income was $284 million, up 2.3% in constant dollars, with International Life up 9.1%. Life Insurance net premiums written and deposits collected were $2.14 billion, up 16.1%, or 19.9% in constant dollars.Annualized return on equity (ROE) was 14.7%. Annualized core operating return on tangible equity (ROTE) was 21.7% and annualized core operating ROE was 13.9%.
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