Core Viewpoint - Chubb Ltd. reported third-quarter results that surpassed expectations across key metrics, driven by improved underwriting performance, reduced catastrophe losses, and solid investment income [1][2]. Financial Performance - Chubb's operating EPS was $7.49, exceeding analysts' estimate of $6.64 and the consensus of $6.15 [2]. - The Property and Casualty (P&C) combined ratio was strong at 82%, better than the expected 85% [3][7]. - Catastrophe losses were lower than forecast at $285 million, compared to the estimated $405 million [3]. - Favorable prior-period reserve development was $361 million, significantly above the expected $139 million [4]. - Net investment income reached $1.78 billion, slightly above the projected $1.73 billion [4]. - P&C net written premiums increased by 5% on a constant currency basis, aligning with estimates [4]. - Book value per share was $182 as of September 30, reflecting a 5% increase from the previous quarter but slightly below forecasts [4]. Shareholder Returns - Chubb repurchased $1.23 billion of shares during the quarter, significantly higher than the expected $500 million, with plans for continued buybacks [5]. Strategic Growth - Chubb's diversified footprint is viewed as a key advantage in navigating commercial P&C cycles, supporting long-term profitable growth [5]. - The company is expanding internationally, with operations in Asia and Latin America, including acquisitions in Thailand, Vietnam, and a majority stake in Huatai Insurance Group in China [6]. Future Projections - Analysts project steady earnings growth for Chubb, estimating operating income of $9.54 billion and EPS of $23.75 for fiscal 2025, and operating income of $10.59 billion with EPS of $27.00 for fiscal 2026 [8].