The 2034 Notes constitute a further issuance of, and will be consolidated and form a single series with, the 5.000% Senior Notes due 2034, of which $1 billion aggregate principal amount was issued on March 7, 2024 (the "Existing 2034 Notes"). The issue price of the 2034 Notes will include accrued interest from, and including, March 7, 2024 to, but excluding, the issue date of the additional 2034 Notes, which is expected to be July 31, 2024. The terms of the 2034 Notes, other than their issue date and issue ...

Insurance policy with pen and folder. designer491 Earlier this year, investors were in a tizzy trying to figure out the name of a stock that Warren Buffett was buying for Berkshire Hathaway's (BRK.B) portfolio. Buffett was known to be buying up such a stock because SEC filings revealed that purchases were being made; however, the disclosures did not actually name the stock. Significant effort was made trying to identify the stock in question. In May, the secret stock was finally revealed: Chubb (NYSE:CB). C ...

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 ...

Good morning. As you know, it was an active quarter for the industry. Our losses of $580 million compared with $400 million prior year, and they were in line with our modeled expectations, while last year's second quarter losses were light. On an ex-cat current accident year basis, underwriting income of $1.8 billion was up over 11% with a combined ratio of 83.2%, both were record underwriting results. So, let's start with North America. Premiums, excluding agriculture, were up 8% and consisted of 12.3% gro ...

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 ...