- Chubb’s net premiums written for the second quarter reached $14.20 billion, marking a 6.3% increase year-over-year and closely meeting the estimated $14.23 billion.
- The company’s core operating earnings per share (EPS) rose to $6.14, compared to $5.38 in the previous year.
- Net premiums earned were $13.13 billion, a 6.8% increase year-over-year, slightly below the estimated $13.17 billion.
- Core operating return on equity (ROE) was 13.9%, up from 13.3% year-over-year, nearing the estimate of 14%.
- Chubb’s book value per share increased to $174.07, compared to $151.05 last year, and exceeded the estimated $172.81.
- The tangible book value per share rose significantly to $112.64 from $91.05 in the previous year, in line with the estimated $112.57.
- The property and casualty combined ratio improved to 85.6%, better than last year’s 86.8% and just slightly below the estimated 85.7%.
- The loss and loss expense ratio improved to 59%, compared to 60.6% last year, and came close to the estimated 59.4%.
- Total investments saw a quarterly increase of 3.9%, reaching $158.31 billion.
- Current stock analyst recommendations include 11 buys, 11 holds, and 2 sells.
Chubb on Smartkarma
Analysts on Smartkarma, such as Baptista Research, have been closely covering Chubb Limited and recently published insightful research reports on the company’s performance and future prospects.
Baptista Research provided detailed analysis on Chubb Limited’s financial results for different quarters, highlighting the company’s solid positions within its core operations and strong focus on underwriting excellence. Despite facing external challenges, Chubb Limited has shown impressive growth across various business segments, with positive indicators such as record P&C underwriting income, substantial growth in investment income, and an increase in global P&C and life insurance premiums. The analysts’ sentiment leans towards bullish, emphasizing the potential for Chubb Limited to capitalize on emerging market opportunities and drive double-digit growth, reflecting optimism in the company’s trajectory.
A look at Chubb Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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 receiving positive outlooks for the long-term based on Smartkarma Smart Scores. With strong scores in Value, Growth, Resilience, and Momentum, Chubb is positioned favorably for future performance. The company’s emphasis on value, growth potential, resilience in various market conditions, and momentum in its operations paint a promising picture for investors looking at the long haul.
Despite a lower score in Dividend, Chubb’s overall outlook remains robust, reflecting its diverse offerings in commercial and personal property, casualty, accident, health insurance, reinsurance, and life insurance. Investors may find Chubb’s combination of solid fundamentals and growth prospects appealing for building a long-term investment strategy within the insurance sector.
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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