Panuwat Dangsungnoen/iStock via Getty Images Executive Summary The Dividend Champions, companies that have raised their dividend for 25+ consecutive years, count Chubb Limited (NYSE:CB) among their esteemed members. Renowned for its dominance in property and casualty insurance markets, Chubb has consistently achieved single-digit growth and maintained exceptional underwriting standards over the years. Like other property and casualty insurers in 2023, Chubb remediated some of its portfolios and implemen ...

Earnings beat estimates, but it perhaps wasn't enough to offset a premium valuation and angst over interest rates.Shares of insurance giant Chubb Limited (CB -3.17%) were falling on Wednesday, down as much as 4.3% before recovering to a 3.1% decline as of 1:30 p.m. ET.Chubb reported earnings last night, and in truth, there wasn't much to complain about for shareholders. However, most insurance stocks were down on Wednesday, as economic concerns moved to the forefront. Given Chubb's premium valuation, at lea ...

Chubb Limited (CB) reported first-quarter 2024 core operating income of $5.41 per share, which outpaced the Zacks Consensus Estimate by 2.3%. The bottom line increased 22.7% year over year.Chubb's results reflected solid underwriting income, lower catastrophe loss and improved combined ratio across most of the segments. The insurer witnessed double-digit premium revenue growth from across the globe with strong results in commercial and consumer P&C and Asia life businesses.Quarter in DetailNet premiums writ ...

Financial Data and Key Metrics Changes - The company reported a core operating income increase of over 20% to $2.2 billion, with operating EPS up nearly 23% to $5.41 [49][75] - Adjusted net investment income reached nearly $1.5 billion, up 23.5%, with invested assets exceeding $140 billion, a 19% increase over the last two years [50][62] - The combined ratio improved to 86%, with a current accident year combined ratio of 83.7% [75][76] Business Line Data and Key Metrics Changes - Global P&C net premiums increased by 13.3%, with commercial up over 11% and consumer up over 19% [51][52] - Financial lines saw a decline of about 7.5%, while personal lines in North America grew by 12.3% [52][56] - The high net-worth personal lines business grew over 12% with new business growth of nearly 35% [83] Market Data and Key Metrics Changes - North America commercial premiums increased by 9.5%, with personal insurance growing by 12.3% [52][64] - Asia led international growth with premiums up 40%, while Latin America and Europe grew by approximately 13% and 10.3%, respectively [58][84] - The international life insurance business saw premiums and deposits increase by over 50% in constant dollars, primarily driven by Asia [86] Company Strategy and Development Direction - The company is focused on balancing growth with underwriting margins, particularly in financial lines where rates are declining [56][81] - There is a commitment to enhancing services and technology to improve customer experience and risk management [135] - The company is actively managing its balance sheet and has a strong financial position, with book value exceeding $60 billion [62][76] Management's Comments on Operating Environment and Future Outlook - Management noted that the underwriting environment is favorable overall, despite challenges in financial lines [51][56] - The company expects continued growth in operating earnings through P&C revenue growth and investment income [87] - There is an acknowledgment of elevated uncertainty in the market, but the company is leaning into growth opportunities [70][119] Other Important Information - The company issued $1 billion of 10-year debt to retire existing debt and closed on an additional 9% of shares of Huatai, increasing ownership to 85.5% [63][64] - A contribution of $30 million was made to the Chubb Charitable Foundation, providing a net benefit of $0.08 per share [62] Q&A Session Summary Question: Can you provide more detail on the unfavorable reserve development on long tail lines? - The unfavorable reserve development was predominantly from large count excess casualty, particularly in trucking and logistics [92][93] Question: How is the company addressing social inflation? - The company is focused on risk selection and pricing, acknowledging that addressing social inflation will be a long-term process [98][100] Question: What is the outlook for casualty reserves in the industry? - The company expects trends to remain stable, with reporting patterns changing post-COVID [152][153] Question: Can you elaborate on the growth in reinsurance lines? - The growth is off a relatively small base, but the company is seeing positive conditions in the reinsurance market [106][107] Question: What is the company's strategy regarding M&A? - The company is currently focused on its strong results and excess capital, with no immediate plans for M&A [130][131]

For the quarter ended March 2024, Chubb (CB) reported revenue of $13.07 billion, up 15.2% over the same period last year. EPS came in at $5.41, compared to $4.41 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $12.63 billion, representing a surprise of +3.43%. The company delivered an EPS surprise of +2.27%, with the consensus EPS estimate being $5.29.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

Chubb (CB) came out with quarterly earnings of $5.41 per share, beating the Zacks Consensus Estimate of $5.29 per share. This compares to earnings of $4.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.27%. A quarter ago, it was expected that this insurer would post earnings of $5.07 per share when it actually produced earnings of $8.30, delivering a surprise of 63.71%.Over the last four quarters, the company has surpassed ...

Exhibit 99.2 Investor Contact Karen Beyer: (212) 827-4445 email: investorrelations@chubb.com Cautionary Statement Regarding Forward-Looking Statements Our forward-looking statements could also be affected by, among other things, competition, pricing and policy term trends, market acceptance, changes in demand, actual market developments, rating agency action, possible terrorism or the outbreak and effects of war, and such other factors identified in our filings with the Securities and Exchange Commission. R ...

Analysts on Wall Street project that Chubb (CB) will announce quarterly earnings of $5.26 per share in its forthcoming report, representing an increase of 19.3% year over year. Revenues are projected to reach $12.62 billion, increasing 11.3% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings an ...

Presents Grants to Two Military-Focused Non-Profit Organizations; Receives 5-Star Employer Rating by VETS Indexes CHICAGO, April 15, 2024 /PRNewswire/ -- Combined Insurance Company of America, a Chubb company and a leading North American provider of supplemental insurance sold at the worksite and directly to individuals, continued its enduring commitment to the nation's military, veterans, families and communities through its Operation Veteran Giveback program. The company was also recognized as a 5-Star Em ...

Swiss insurance and reinsurance giant Chubb Limited (CB -0.67%) may not be all that well known in the United States. That's a shame, because it frequently cracks the list of top ten companies by revenue, among insurance companies whose shares US investors can easily buy .Still, the fact that it's big enough and trusted enough to be a reinsurer -- a backstop for other insurance companies whose claims exceed their expectations -- means it's no fly by-night company. Yet its shares are currently trading at a re ...