Why Chubb Stock Wilted on Wednesday

Core Viewpoint - Chubb's latest earnings report, while beating analyst estimates, did not impress investors, leading to a more than 4% drop in stock price on the day of the announcement [1][5] Financial Performance - Chubb's net premiums written increased by 6% year-over-year, reaching just under $14.2 billion [2] - The company's net income was slightly below $3 billion, up from $2.2 billion in the same quarter last year [4] - Core operating income rose to $6.14 per share, compared to $5.38 per share in the previous year [4] - Analysts had estimated revenue of $14.16 billion and core operating income of $5.96 per share [4] Management Commentary - Management attributed the improvements in performance to strength across various markets, highlighting the diversified nature of the company [5] Market Reaction - The negative market reaction is attributed more to external factors rather than dissatisfaction with Chubb's performance, as investors are currently moving away from defensive stocks [5]