Chubb's (CB) Earnings Beat Estimates In Q4, Increase Y/Y
Zacks Investment Research | Feb 04, 2020 10:12PM ET
Chubb Limited (NYSE:CB) reported fourth-quarter 2019 core operating income of $2.28 per share, which outpaced the Zacks Consensus Estimate by 8.6%. This upside was driven by higher premium revenues. The bottom line also improved 12.9% from the year-ago quarter.
Quarter in Detail
Net premiums written improved 9% year over year to $7.9 billion in the quarter. Net premiums earned rose 6.3% to $7.9 billion.
Net investment income was $858 million, up 1.2%.
Property and casualty (P&C) underwriting income was $533 million, up 12% from the year-ago quarter. Global P&C underwriting income excluding Agriculture was $556 million, up 76.3%.
Chubb incurred after-tax catastrophe loss of $353 million in the fourth quarter, plunging 30.2% year over year.
Chubb Limited Price, Consensus and EPS Surprise
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