ITEM 4. Controls and Procedures Chubb's management, with the participation of Chubb's Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of Chubb's disclosure controls and procedures as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934 as of June 30, 2024. Based upon that evaluation, Chubb's Chief Executive Officer and Chief Financial Officer concluded that Chubb's disclosure controls and procedures are effective in allowing information requ ...

Chubb Limited (CB) reported second-quarter 2024 core operating income of $5.38 per share, which outpaced the Zacks Consensus Estimate by 6.8%. The bottom line increased 9.3% year over year. Chubb's results reflect double-digit premium revenue growth, with strong results in North America P&C, International P&C and Life Insurance divisions, solid underwriting margins and sturdy investment income, partially offset by a higher level of catastrophe. Shares gained more than 1% in the after-market trading session ...

Chubb Limited (NYSE:CB) Q2 2024 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants Karen Beyer - Senior Vice President, Investor Relations Evan Greenberg - Chairman & Chief Executive Officer Peter Enns - Chief Financial Officer Paul O'Connell - Chief Actuary Officer Conference Call Participants Michael Zaremski - BMO Capital Markets Brian Meredith - UBS Bob Huang - Morgan Stanley David Motemaden - Evercore ISI Yaron Kinar - Jefferies Mike Ward - Citi Gregory Peters - Raymond James Operat ...

Chubb (CB) reported $13.86 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 13.2%. EPS of $5.38 for the same period compares to $4.92 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $13.69 billion, representing a surprise of +1.19%. The company delivered an EPS surprise of +6.75%, with the consensus EPS estimate being $5.04. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Chubb has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Ahead of this earnings release, the estimate revisions trend for Chubb: unfavorable. Wh ...

Chubb Limited Chubb Limited Investment Portfolio - 2 (in millions of U.S. dollars) (Unaudited) Mortgage-backed Fixed Income Portfolio Mortgage-backed securities Investment Portfolio - 3 (in millions of U.S. dollars) (Unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------|-------|-------|-------|-------|--------|-------------|----------|----------------|-------------|-------------|-------|--------| | Non-U.S. Corporate Securitie ...

Image Source: Zacks Investment Research The consensus estimate for earnings is pegged at $5.07 per share. The Zacks Consensus Estimate for CB's second-quarter earnings has moved down 4.2% in the past 30 days. The estimate suggests year-over-year growth of 3.1%. Chubb's earnings beat the Zacks Consensus Estimates in each of the trailing four quarters, the average surprise being 23.78%. Our proven model does not conclusively predict an earnings beat for Chubb this time around. The combination of a positive Ea ...

For the full year, the Zacks Consensus Estimates are projecting earnings of $20.93 per share and revenue of $55.94 billion, which would represent changes of -7.14% and +9.57%, respectively, from the prior year. It is also worth noting that CB currently has a PEG ratio of 6.26. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Insurance - Property and Casualty industry ha ...

By nature of its operations, Chubb has substantial exposure to losses from natural disasters and man-made catastrophes, which have been inducing volatility in its underwriting profitability and weighing on its combined ratio. Chubb had insured Baltimore's Francis Scott Key Bridge. Following the Baltimore bridge collapse, Chubb has to dish out about $4 billion per an analyst in a report published in Insurance Journal. The report states that this insurer has braced up to pay the first installment of $350 mill ...

Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 0.32% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to t ...