Welcome to our dedicated page for Chubb news (Ticker: $CB), a resource for investors and traders seeking the latest updates and insights on Chubb stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Chubb's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Chubb's position in the market.
Rhea-AI Summary
Chubb reported strong financial performance in the first quarter of 2024, with net income of $2.14 billion, up 13.3%, and core operating income of $2.22 billion, up 20.3%. Consolidated net premiums written were $12.2 billion, up 14.1%, with P&C up 12.4% and Life Insurance up 26.3%. P&C underwriting income was $1.40 billion, up 15.4%, with a combined ratio of 86.0%. Pre-tax net investment income was $1.39 billion, up 25.7%. Annualized return on equity (ROE) was 14.3%. Chubb's global growth in premiums and strong underwriting performance led to a successful start to the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.75%
Tags
-
Rhea-AI Summary
Chubb has entered into a definitive agreement to acquire Healthy Paws, a leading pet insurance provider, from Aon plc. The transaction aims to expand Chubb's presence in the pet insurance market with substantial growth potential. Financial terms were not disclosed, and the deal is expected to close in the second quarter. Healthy Paws, with over 500,000 pets under coverage, will continue its operations under Chubb to empower more pet owners with medical care funding.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
Tags
-
Rhea-AI Summary
Combined Insurance Company of America, a Chubb company, continues its support for the military by presenting grants to two military-focused non-profit organizations and receiving a 5-Star Employer rating by VETS Indexes. The company's Operation Veteran Giveback program awarded $50,000 to Luke's Wings and Fisher House Foundation. Combined's commitment to military support was highlighted at the annual ceremony in Chicago. The company's efforts were recognized by VETS Indexes for its outstanding support for veterans and military-connected individuals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
Rhea-AI Summary
Chubb (NYSE: CB) will hold its first quarter earnings conference call on April 24, 2024, with the earnings release and financial supplement available on April 23, 2024. The call can be accessed via webcast or phone, with a replay option.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
Tags
-
Rhea-AI Summary
Chubb Personal Risk Services launches a new self-service Flood Insurance System for agents, offering quick quotes for low-hazard properties in under two minutes. The system integrates with the Chubb Agent Portal and Masterpiece EZ Quote homeowners platform, providing agents with faster access to flood quotes and an enhanced user interface. Chubb aims to offer complete flood protection coverage options for clients across all U.S. states where Chubb writes flood insurance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
-
Rhea-AI Summary
Chubb appoints Josh Cowen as Senior Vice President, International Transactional Risk to lead the launch of a global transactional risk platform offering liability insurance products across international markets. Cowen's expertise in M&A risk insurance will enhance Chubb's presence in North America and globally. The platform aims to meet the needs of broker partners and clients for global M&A transactions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
Tags
Rhea-AI Summary
Chubb Limited (CB) announces a $1 billion public offering of 5.000% senior notes due 2034, guaranteed by Chubb Limited. The proceeds will be used for general corporate purposes, including repaying $700 million 3.35% senior notes due May 15, 2024. Joint book-running managers are Citigroup Global Markets Inc., HSBC Securities (USA) Inc., and Wells Fargo Securities, LLC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
-
Rhea-AI Summary
Chubb and National Center of Middle Market Survey reveals middle market companies' robust growth amidst inflation, cybersecurity threats, and natural catastrophes. Revenue up 12.4%, highest since 2012. Inflation remains top risk, with companies planning price hikes and AI use. Weather events damage severity increases. Cybersecurity concerns rise with 33% lacking protection. Insurance coverage gaps recognized, with companies needing more coverage than initially planned.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
Tags
-
Rhea-AI Summary
Chubb Limited (CB) plans to recommend a $3.64 annual per share dividend, marking the thirty-first consecutive year of dividend increases. The new quarterly dividend of $0.91 per share is higher than the current $0.86 per share. Shareholders will receive the increased dividend starting April 5, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
Tags
Rhea-AI Summary
Latin American consumers lead in e-commerce adoption, trusting platforms more than companies, reveals Chubb survey.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
Chubb Limited
NYSE:CB
CB Rankings
CB Stock Data
102.18B
403.09M
0.62%
85.93%
0.58%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
United States of America
ZURICH
About CB
Chubb Limited is an American company incorporated in Zürich, Switzerland. It is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and the largest publicly traded property and casualty company in the world.