- Chubb reported 1Q net premiums written at $12.22 billion, reflecting an increase of 14% from the previous year and beating the estimated $11.64 billion.
- The company’s core operating EPS stood at $5.41, improving from the previous year’s $4.41.
- Net premiums earned rose by 14% to reach $11.58 billion, surpassing the estimate of $11.3 billion.
- Chubb’s per-share book value reached $149.09, up from $127.94 in the previous year but slightly below the estimated $151.71.
- The tangible book value per share was $89.55, a rise from last year’s $78.84, but again a little short of the estimated $92.76.
- The property & casualty combined ratio was reported at 86%, slightly down from the previous year’s 86.3% but not meeting the estimated 85.7%.
- The loss and loss expense ratio was a bang-on estimate of 58.1%, improving from the previous year’s 58.9%.
- Total investments for the first quarter went up by 2.7% to $140.37 billion, exceeding the estimated $137.83 billion.
- The core operating income saw a double-digit growth driven by a 15% rise in the P&C underwriting income, a >23% rise in investment income, and nearly 10% rise in life insurance income.
- The company achieved double-digit premium revenue growth globally with robust results in commercial and consumer P&C and Asia life businesses.
- The earnings were influenced by two one-time items that partially offset each other.
- Earnings sources were well distributed: P&C underwriting income of $1.4 billion, adjusted net investment income of nearly $1.5 billion, and life segment income of $268 million.
Chubb on Smartkarma
Analysts on Smartkarma are abuzz with positive sentiment towards Chubb Limited following a research report by Baptista Research. Titled “Chubb Limited: Partnership with SentinelOne & Other Developments,” the report highlights Chubb’s impressive financial performance that surpassed Wall Street expectations. With double-digit growth in global Property and Casualty (P&C) premium revenue, Chubb exceeded revenue and earnings forecasts. The quarter showcased exceptional underwriting performance, with a remarkable combined ratio of 84.3% in the current accident year, excluding agriculture. This robust performance was further bolstered by significant net investment income and strong life operating income, leading to unprecedented operating earnings per share.
Baptista Research‘s bullish outlook on Chubb Limited underscores the company’s solid position and strategic moves, such as the partnership with SentinelOne and other developments. As independent analysts continue to publish insightful research on Smartkarma, investors can gain valuable insights into companies like Chubb from reputable sources like Baptista Research. With a focus on detailed analysis and market trends, Smartkarma offers a platform for staying informed about key developments in the investment landscape and potential opportunities in the market.
A look at Chubb Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Chubb Limited, a property and casualty insurance company, is poised for a positive long-term outlook based on its Smartkarma Smart Scores. With high scores across Value, Growth, and Momentum, Chubb demonstrates strength in its financial performance and market momentum. The company’s above-average ratings in Growth and Momentum indicate promising prospects for future expansion and market presence.
Despite a lower score in Dividend and Resilience, Chubb’s overall outlook remains strong, reflecting its position as a leading provider of insurance services to a diverse clientele. The company’s ability to adapt to changing market conditions and its robust growth potential contribute to its favorable long-term prospects within the insurance industry.
### Chubb Limited operates as a property and casualty insurance company. The Company provides commercial and personal property, casualty, and personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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