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 ...

Key Announcement - Peter Kelaher has been appointed Division President of Continental Europe, Middle East and North Africa, effective 1 September 2024, subject to regulatory approval [3][4] - Kelaher will oversee executive operations in 24 countries across the region and report to David Furby, Senior Vice President and Regional President Europe, Middle East and Africa [3][4] - Kelaher succeeds Sara Mitchell, who will be leaving the company [7] Peter Kelaher's Background - Kelaher brings over 20 years of insurance industry experience, including more than 15 years at Chubb [5] - He has led the growth of Chubb's commercial and consumer businesses in Australia and New Zealand, driving distribution, technology, and product innovation [1][5] - Kelaher joined Chubb Australia in 2007 as a Senior Underwriter and held increasingly senior roles before becoming Country President for Australia & New Zealand [5] - He holds a bachelor's degree in Laws and International Business from the University of Technology, Sydney [6] Chubb's Global Presence - Chubb operates in 54 countries and territories, offering commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance [8] - The company is known for its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, and local operations globally [8] - Chubb Limited, the parent company, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index [8] - The company employs approximately 40,000 people worldwide and maintains executive offices in Zurich, New York, London, Paris, and other locations [8]