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.
Chubb Limited reports developments for a global insurance business spanning commercial and personal property and casualty insurance, personal accident and supplemental health, reinsurance and life insurance. News commonly covers underwriting results, net premiums written, combined ratio trends and earnings materials across North America, Overseas General, consumer insurance and commercial insurance.
Company updates also include insurance partnerships, risk-management programs for sectors such as marine and life sciences, reinsurance facility announcements, claims leadership, operations and technology appointments, and earnings conference schedules. The company is listed on the New York Stock Exchange under CB.
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Chubb Limited (NYSE: CB) reported Q1 2023 net income of $1.89 billion, a 3.2% decrease from $1.95 billion in Q1 2022. Core operating income reached a record $1.84 billion, up 11.8%.
Net premiums written increased by 16.6% to $10.71 billion, with strong performances across all segments: P&C premiums rose 9.3% and Life Insurance premiums surged 124.4%.
The P&C combined ratio was 86.3%, up from 84.3% last year, while underwriting income was $1.21 billion. Catastrophe losses totaled $458 million. Book value per share increased by 5.0% to $127.94. The company maintains confidence in robust revenue growth and operational earnings amidst market volatility.