Chubb(CB) - 2024 Q2 - Earnings Call Transcript

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 ...