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CB · Chubb Ltd

50 filings

10-Q

CB 10-Q Quarterly Reports

Chubb Ltd - 50 quarterly reports

Filing record · 2016–202610-K1110-Q328-K112

CB filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 112 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jan ’16Jan ’16
  2. FY2018 annual report10-K · Feb ’19Feb ’19
  3. Leadership change8-K · May ’21May ’21
  4. Leadership change8-K · Nov ’25Nov ’25
  1. 2026-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2026

    Chubb Limited's (CB) second-quarter 2026 results demonstrate solid financial performance, driven by growth across multiple segments and robust investment income. Net income attributable to Chubb was $2.9 billion for the quarter, a slight decrease from the prior year period, but was supported by improved underwriting results in both P&C and Life insurance, alongside a notable increase in net investment income due to higher average invested assets. Premiums written showed healthy growth, with P&C lines up 3.0% and Life Insurance segment premiums up 7.5%, signaling continued market penetration and demand for Chubb's diverse product offerings. The company's proactive underwriting actions in certain commercial lines are beginning to stabilize those segments, while consumer insurance continues its strong trajectory. The company also highlighted its ongoing commitment to shareholder returns through a substantial share repurchase authorization and a consistent dividend policy.

    Jul 28, 2026
  2. 2026-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2026

    Chubb Ltd. reported a strong first quarter for 2026, demonstrating significant growth and improved profitability. Net income attributable to Chubb surged by 74.3% to $2.3 billion compared to the prior year, largely driven by a substantial decrease in catastrophe losses. Net premiums written across the company increased by 10.7% to $14.0 billion, with notable strength in the P&C segments (up 7.2%) and a remarkable surge in the Life Insurance segment (up 33.1%). The company's P&C combined ratio improved significantly to 84.0% from 95.7% year-over-year, primarily due to lower catastrophe losses. Investment income also saw a healthy increase of 9.5% to $1.7 billion, supported by higher average invested assets. The company's financial condition remains robust, with total assets growing to $275.5 billion and total Chubb shareholders' equity at $73.8 billion. Management highlighted successful premium growth in both commercial and personal lines, supported by positive rate and exposure increases. The company also continues its share repurchase program, demonstrating a commitment to returning capital to shareholders.

    Apr 28, 2026
  3. 2025-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2025

    Chubb Limited reported a strong third quarter of 2025, with net income attributable to Chubb increasing by 20.5% to $2.8 billion compared to the prior year. This growth was fueled by a significant increase in net premiums written across most segments, particularly in the Life Insurance and North America Personal P&C Insurance lines. The company demonstrated robust underwriting performance, with a P&C combined ratio of 81.8%, benefiting from lower catastrophe losses and favorable prior period development. Investment income also saw a healthy increase of 9.3% due to higher average invested assets. Financially, Chubb maintained a solid balance sheet with total assets of $270.2 billion and total Chubb shareholders' equity of $71.9 billion. The company continued its capital return strategy, repurchasing $1.2 billion in common shares during the quarter and increasing its quarterly dividend. Management highlighted strategic acquisitions, including Liberty Mutual's P&C insurance business in Thailand, which are expected to support long-term growth. Overall, Chubb delivered a financially sound quarter with positive momentum across its diversified business segments.

    Oct 27, 2025
  4. 2025-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2025

    Chubb Limited reported a strong financial performance for the second quarter and first half of 2025. Net income attributable to Chubb increased significantly year-over-year for the quarter, driven by robust growth in both its Property & Casualty (P&C) underwriting income and Life Insurance segments, alongside higher income from private equity investments. Consolidated net premiums written also saw a healthy increase, with notable growth across both commercial and personal P&C lines, as well as strong performance in the Life Insurance segment, particularly in Asia and the U.S. worksite business. The company's investment income also grew, supported by higher average invested assets. Chubb completed the acquisition of Liberty Mutual's insurance business in Thailand and increased its ownership stake in Huatai Group. The P&C combined ratio remained favorable, though impacted by higher catastrophe losses in the first half of the year, partially offset by strong prior period development. The company also announced an increase in its quarterly dividend and continued its share repurchase program, demonstrating a commitment to returning capital to shareholders.

    Jul 28, 2025
  5. 2025-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2025

    Chubb Ltd. reported a net income attributable to Chubb of $1.33 billion for the three months ended March 31, 2025, a decrease from $2.14 billion in the prior year period. This decline was primarily driven by a significant increase in catastrophe losses, particularly from California wildfires which amounted to $1.47 billion, compared to $435 million in the prior year. The P&C combined ratio consequently rose to 95.7% from 86.0% year-over-year. Despite the impact of higher catastrophe losses, the company demonstrated resilience with net premiums written increasing by 3.5% to $12.65 billion, and 5.7% in constant dollars, reflecting growth across most segments. Net investment income also saw a healthy increase of 12.2% to $1.56 billion, benefiting from higher average invested assets and reinvestment rates. The company continues to manage its capital effectively, with ongoing share repurchases and consistent dividend payments, signaling confidence in its future financial performance.

    Apr 28, 2025
  6. 2024-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2024

    Chubb Limited (CB) reported strong financial results for the third quarter and first nine months of 2024, driven by robust underwriting performance and record investment income. Net income attributable to Chubb increased by 13.8% year-over-year for the quarter and 16.9% for the nine-month period. Net premiums written saw a healthy increase of 5.5% for the quarter and 10.2% year-to-date, supported by growth across most business segments, particularly in commercial and personal insurance lines, as well as the ongoing contribution from the Huatai Group acquisition. The company's investment portfolio performed exceptionally well, with net investment income up 14.7% for the quarter and 22.5% year-to-date, benefiting from higher reinvestment rates. The P&C combined ratio remained strong at 87.7% for the quarter, improving from 88.4% in the prior year, indicating effective underwriting. Catastrophe losses were higher year-over-year but were offset by favorable prior period development, contributing to a stable underwriting environment. Chubb also returned significant capital to shareholders through share repurchases and dividends, demonstrating a commitment to shareholder value. The company's balance sheet remains strong, with a stable financial debt to total capitalization ratio, and ample liquidity to support its operations and growth initiatives.

    Oct 30, 2024
  7. 2024-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2024

    Chubb Limited reported a strong second quarter for 2024, with net income attributable to Chubb increasing by 24.3% to $2.2 billion, driven by robust underwriting results and record net investment income. Consolidated net premiums written grew by 11.8% to $13.4 billion, reflecting broad-based growth across most product lines, including a significant contribution from the consolidation of Huatai Group. The P&C combined ratio was 86.8%, a slight increase from the prior year's 85.4%, primarily due to higher catastrophe losses and lower favorable prior period development, though the current accident year combined ratio remained stable. The company's investment portfolio performed well, with pre-tax net investment income reaching a record $1.5 billion, up 28.2% year-over-year, benefiting from higher reinvestment rates and the Huatai consolidation. Chubb returned $939 million to shareholders through dividends and share repurchases during the quarter. The company's financial position remains solid, with total Chubb shareholders' equity increasing to $61 billion and a debt-to-total capitalization ratio of 19.4%. Management is focused on continued growth, underwriting discipline, and capital returns to shareholders.

    Jul 26, 2024
  8. 2024-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2024

    Chubb Ltd. reported a strong first quarter for 2024, with net income attributable to Chubb of $2.1 billion, a 13.3% increase year-over-year. This growth was driven by solid performance in its Property & Casualty (P&C) insurance segments, evidenced by a P&C combined ratio of 86.0%, an improvement from 86.3% in the prior year. Net premiums written across the company surged by 14.1% to $12.2 billion, boosted by the ongoing consolidation of Huatai Group and broad-based growth in commercial and personal lines. Net investment income also saw a significant increase of 25.7% to $1.4 billion, reflecting higher reinvestment rates and the inclusion of Huatai's portfolio. The company demonstrated robust operating cash flow of $3.2 billion. While total capital returned to shareholders through dividends ($350 million) and share repurchases ($316 million) amounted to $666 million, Chubb's shareholders' equity grew by $1.0 billion during the quarter, despite unrealized investment losses of $648 million. The effective tax rate decreased to 13.0% from 16.9%, partly due to a deferred tax benefit related to Bermuda tax law. Overall, Chubb's first quarter results indicate a healthy and growing business with effective risk management and strong investment performance.

    Apr 26, 2024
  9. 2023-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2023

    Chubb Limited (CB) reported strong financial results for the third quarter and the first nine months of 2023. Net income attributable to Chubb surged by 157.8% year-over-year in the third quarter, reaching $2.04 billion, driven by robust underwriting performance and record net investment income. Consolidated net premiums written grew by 9.1% year-over-year in the quarter to $13.1 billion, with notable increases across commercial and personal lines, further bolstered by the consolidation of Huatai Group. The P&C combined ratio improved to 88.4% from 93.1% in the prior year's quarter, aided by lower catastrophe losses and improved prior period development. The company also returned significant capital to shareholders through share repurchases and dividends, while maintaining a strong financial position. The nine-month period also demonstrated robust growth, with net income attributable to Chubb increasing by 45.5% to $5.73 billion. Net premiums earned grew by 13.4% year-over-year. The company continues to manage its catastrophe exposure effectively, with lower catastrophe losses compared to the prior year. Chubb's investment portfolio remains largely focused on investment-grade fixed income securities, with prudent risk management practices in place. The consolidation of Huatai Group significantly impacts the current period's results, increasing assets and revenues and diversifying the company's geographic and business segment reach.

    Nov 1, 2023
  10. 2023-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2023

    Chubb Limited (CB) reported strong financial results for the second quarter of 2023, with net income increasing by 50.7% to $1.8 billion compared to the prior year period. This growth was driven by robust underwriting results, a record $1.1 billion in net investment income, and the positive impact of the Cigna acquisition completed in Q3 2022. Net premiums written across all segments saw a significant increase of 16.1% year-over-year, reflecting strong premium retention, rate increases, and new business. The company's P&C combined ratio improved slightly to 85.4% despite higher catastrophe losses, indicating resilient underwriting performance. The adoption of new accounting guidance for long-duration contracts (LDTI) was completed, with prior period data adjusted accordingly. Chubb also announced a new $5 billion share repurchase program, demonstrating its commitment to returning capital to shareholders. The company's financial position remains strong, with total assets of $205 billion and shareholders' equity of $53 billion.

    Jul 28, 2023
  11. 2023-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2023

    Chubb Ltd. reported solid financial results for the first quarter of 2023, with total revenues of $11.1 billion, a 14.8% increase year-over-year. Net income was $1.9 billion, a slight decrease of 3.2% from the prior year, impacted by market risk benefit losses and Cigna integration expenses, though partially offset by record net investment income and growth from the acquired Cigna Asia business. Net premiums written surged by 16.6% to $10.7 billion, driven by strong performance across most lines of business, particularly in commercial P&C and the life insurance segments, bolstered by the Cigna acquisition. The company's P&C combined ratio improved slightly to 86.3% from 84.3% in the prior year, with the current accident year combined ratio remaining stable, indicating continued underwriting discipline despite increased catastrophe losses and lower favorable prior period development. Shareholders' equity saw a significant increase of $2.5 billion during the quarter, reflecting strong net income and substantial unrealized gains on investments due to falling interest rates. Chubb demonstrated a commitment to returning capital to shareholders, with $772 million returned through share repurchases and dividends.

    May 2, 2023
  12. 2022-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2022

    Chubb Limited reported a net income of $812 million for the three months ended September 30, 2022, a decrease from $1.83 billion in the same period last year. This decline was primarily attributed to significant mark-to-market losses on private equity investments, which were $231 million after-tax in the current quarter compared to gains of $705 million in the prior year. Despite the net income decrease, the company demonstrated strong underlying performance with a 14.4% increase in consolidated net premiums written to $12.0 billion and a 15.3% increase in net premiums earned to $11.5 billion, driven by the acquisition of Cigna's Asian business and positive rate increases across most lines of business. The P&C combined ratio improved slightly to 93.1% from 93.4% in the prior year, indicating solid underwriting performance, although impacted by $1.2 billion in catastrophe losses, notably from Hurricane Ian. Shareholders' equity saw a decline of $4.0 billion during the quarter, largely due to the net unrealized losses on investments ($2.9 billion after-tax) resulting from rising interest rates and foreign currency translation effects ($1.0 billion), combined with capital returned to shareholders through share repurchases ($685 million) and dividends ($346 million). The company's financial position remains robust, with total assets of $198 billion and shareholders' equity of $48 billion as of September 30, 2022. Chubb also continues to return capital to shareholders, with $1.8 billion remaining under its current share repurchase authorization.

    Oct 28, 2022
  13. 2022-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2022

    Chubb Ltd. reported solid performance for the second quarter and first half of 2022, despite a challenging macroeconomic environment. Net income for the quarter was $1.2 billion, down from $2.3 billion in the prior year, primarily due to significant unrealized losses on equity and fixed income investments driven by rising interest rates and market volatility. However, underwriting results remained strong, with net premiums written up 7.9% year-over-year for the quarter, reaching $10.3 billion, and up 7.1% year-over-year for the first half, reaching $19.5 billion. The P&C combined ratio improved to 84.0% from 85.5% in the prior year's quarter, indicating better underwriting efficiency. The company also completed a significant acquisition of Cigna's life and non-life insurance businesses in six Asia-Pacific markets for $5.36 billion, which is expected to enhance long-term growth opportunities in the region and generate substantial expense synergies. The company returned $1.5 billion to shareholders in the quarter through $1.1 billion in share repurchases and $348 million in dividends, demonstrating a commitment to shareholder returns. Despite the negative impact of market fluctuations on investment values and shareholders' equity, the core insurance operations demonstrated resilience and growth, positioning Chubb for continued success.

    Jul 29, 2022
  14. 2022-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2022

    Chubb Ltd. reported solid financial results for the first quarter of 2022, despite a challenging market environment. The company demonstrated resilience with a notable increase in net premiums written, up 6.2% to $9.2 billion, or 8.1% in constant dollars. This growth was driven by strong performance across most lines of business, particularly in commercial and consumer insurance segments, reflecting higher new business, positive rate increases, and strong renewal retention. The company maintained a healthy underwriting performance, evidenced by a P&C combined ratio of 84.3%, a significant improvement from 91.8% in the prior year period. This was supported by a lower current accident year loss ratio and a decrease in catastrophe losses, partially offset by favorable prior period development. Net investment income saw a slight decrease due to lower reinvestment rates, while net realized gains were substantially lower year-over-year, impacting overall net income. Despite these pressures, operating cash flow remained robust at $2.4 billion, underscoring the company's strong operational execution.

    Apr 29, 2022
  15. 2021-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2021

    Chubb Limited (CB) reported strong financial results for the nine months ended September 30, 2021, demonstrating significant growth and improved profitability. Net premiums written increased by 13.0% year-over-year, reaching $28.7 billion, driven by robust performance across most lines of business, particularly in commercial P&C lines which saw a 18.1% increase. Net income saw a substantial rise of 473% to $6.4 billion, reflecting improved underwriting results, higher net investment income, and favorable prior period development. The company's P&C combined ratio improved to 90.4% for the nine months, down from 98.9% in the prior year, indicating enhanced underwriting efficiency. This improvement was supported by favorable prior period development of $781 million and controlled catastrophe losses, although these did increase year-over-year. The company also repurchased a significant amount of its shares, totaling $3.96 billion during the nine months, signaling confidence in its financial strength and commitment to returning value to shareholders. The company's strong capital position and operational performance position it well for continued success.

    Oct 28, 2021
  16. 2021-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2021

    Chubb Limited reported a strong second quarter for 2021, with net income significantly improving to $2.265 billion, a substantial recovery from the $331 million net loss in the same period of the prior year. This turnaround was driven by robust underwriting results, record net investment income, and increased income from partially-owned companies. The company experienced broad-based growth in net premiums written across its Property & Casualty (P&C) segments, up 14.3% year-over-year, reflecting positive rate increases outpacing loss cost trends and strong retention. Key drivers of the improved performance include a substantial decrease in catastrophe losses, which were significantly lower than the prior year's COVID-19 related claims and other natural disasters. Favorable prior period development also contributed positively to underwriting results. The P&C combined ratio improved to 85.5% from 112.3% in the prior year. The company also announced a substantial increase in its share repurchase program, signaling confidence in its financial position and commitment to returning capital to shareholders.

    Jul 29, 2021
  17. 2021-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2021

    Chubb Ltd. reported a substantial increase in net income for the first quarter of 2021, reaching $2.3 billion compared to $252 million in the prior year period. This surge was driven by a significant rebound in net realized gains, which swung from a loss of $958 million in Q1 2020 to a gain of $887 million in Q1 2021. The company also experienced robust growth in net premiums written, up 8.6% to $8.7 billion, with strong performance in its commercial P&C lines contributing significantly. While the P&C combined ratio slightly increased to 91.8% from 89.1% primarily due to higher catastrophe losses from winter storms, the underlying current accident year combined ratio excluding catastrophes improved. The company's investment portfolio remains largely stable with a focus on investment-grade fixed income securities. Chubb also continued its share repurchase program, returning capital to shareholders through repurchases totaling $519 million during the quarter.

    Apr 30, 2021
  18. 2020-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2020

    Chubb Limited's (CB) third quarter 2020 report shows a solid performance despite the ongoing economic uncertainties. Net income saw a notable increase of 9.4% to $1.194 billion compared to the prior year period. This growth was driven by a 5.3% increase in net premiums written, reaching $9.078 billion, reflecting broad-based growth across most segments, particularly in commercial P&C lines globally. Despite higher catastrophe losses ($932 million), mainly due to severe weather events and the COVID-19 pandemic, the company managed an improved current accident year loss ratio excluding catastrophes. The P&C combined ratio for the quarter was 95.2%, an increase from the prior year's 90.2%, largely attributable to elevated catastrophe losses. The company also reported strong operating cash flow of $3.544 billion.

    Oct 30, 2020
  19. 2020-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2020

    Chubb Ltd. (CB) reported a net loss of $331 million for the second quarter of 2020, a significant decline from the $1.15 billion net income in the prior year. This downturn was heavily influenced by a substantial pre-tax COVID-19 charge of $1.4 billion, primarily impacting the P&C combined ratio, which rose to 112.3% from 90.1% in the previous year. Despite the pandemic's impact, net premiums written saw a slight increase of 0.1% (1.9% in constant dollars), driven by growth in Commercial P&C lines, although this was moderated by exposure adjustments and premium returns related to the economic downturn. The company's financial condition remained solid, with total assets growing to $181.5 billion and shareholders' equity at $54.8 billion. Operating cash flow also improved significantly, reaching $2.0 billion for the quarter. Chubb has maintained a disciplined approach to capital management, including suspending share repurchases to preserve capital amidst economic uncertainty. Investors should monitor the impact of ongoing COVID-19 claims and the broader economic environment on future results, particularly the P&C combined ratio and investment income.

    Jul 31, 2020
  20. 2020-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2020

    Chubb Ltd. reported a net income of $252 million for the first quarter of 2020, a significant decrease from $1,040 million in the same period of the previous year. This decline was heavily influenced by substantial net realized losses of $958 million, largely attributed to market volatility from the COVID-19 pandemic impacting investment portfolios and the variable annuity reinsurance portfolio. Despite these market headwinds, the company demonstrated resilience with a 9.1% increase in consolidated net premiums written to $7.977 billion, driven by growth across all segments, particularly in North America Commercial P&C Insurance and Overseas General Insurance. The P&C combined ratio remained strong at 89.1%, largely consistent with the prior year, indicating effective underwriting operations. The company's liquidity position remained robust, with operating cash flow increasing to $1.712 billion. However, shareholders' equity was negatively impacted by significant unrealized losses and foreign exchange movements, totaling $3.7 billion. Recognizing the economic uncertainty, Chubb announced the suspension of its share repurchase program in April 2020 to preserve capital.

    Apr 29, 2020
  21. 2019-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2019

    Chubb Limited (CB) reported its financial results for the nine months ended September 30, 2019. The company demonstrated growth in net premiums written across most segments, driven by positive rate increases and new business. While net income saw a decrease compared to the prior year's nine-month period, this was influenced by factors such as higher catastrophe losses in the previous year and increased integration expenses. The company's P&C combined ratio improved slightly to 89.9% for the nine months, indicating solid underwriting performance. Key financial highlights include continued share repurchases totaling $1.2 billion year-to-date, alongside a consistent dividend payment. The company's investment portfolio remains robust, primarily invested in investment-grade fixed income securities, with a focus on diversification and active risk management. Chubb's capital resources remain strong, with a manageable debt-to-total capitalization ratio, reflecting a stable financial position.

    Oct 31, 2019
  22. 2019-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2019

    Chubb Ltd. reported solid financial results for the second quarter of 2019, demonstrating continued premium growth and effective management of underwriting activities. Net income for the quarter was $1.15 billion, a decrease from the prior year's $1.29 billion, influenced by higher catastrophe losses and a less favorable prior period development compared to the same period last year. However, net premiums written across most segments showed positive growth, driven by rate increases and new business. The company maintained a P&C combined ratio of 90.1%, slightly up from 88.4% in the prior year, reflecting the impact of increased catastrophe losses. Despite this, the current accident year combined ratio, excluding catastrophe losses, remained strong. Chubb's investment portfolio continues to perform well, with net investment income increasing, and the company actively managed its capital through share repurchases and dividends, underscoring a commitment to shareholder returns.

    Jul 31, 2019
  23. 2019-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2019

    Chubb Ltd.'s (CB) first quarter 2019 report shows continued resilience and strategic execution. The company reported net income of $1.04 billion, a slight decrease from $1.08 billion in the prior year period, but demonstrated solid growth in net premiums written, up 2.9% year-over-year (5.1% on a constant-dollar basis), driven by across-the-board segment strength. The P&C combined ratio improved to 89.2% from 90.1%, indicating effective underwriting and expense management. Key operational highlights include a reduction in catastrophe losses and strong favorable prior period development, contributing positively to underwriting results. Investment income also saw a modest increase. The company continued its commitment to returning capital to shareholders through share repurchases totaling $367 million and dividend payments. Chubb's strong balance sheet, with total assets of $171 billion and shareholders' equity of $52 billion, underscores its financial stability and capacity for future growth.

    May 2, 2019
  24. 2018-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2018

    Chubb Ltd.'s third quarter 2018 report shows a significant turnaround in profitability, with net income of $1.231 billion, a substantial improvement from a net loss of $70 million in the prior year's comparable period. This growth was driven by a lower combined ratio of 90.9% compared to 110.8% in Q3 2017, largely due to a significant reduction in catastrophe losses and favorable prior period development. Net premiums written also saw a healthy increase of 2.6% year-over-year, indicating strong underlying business growth across most segments. Investors should note the company's continued share repurchase program, with $703 million repurchased year-to-date, signaling confidence in its financial health and commitment to shareholder returns. The company also managed its debt effectively, issuing new Euro-denominated senior notes and repaying maturing debt. Despite a slightly weaker investment income performance when excluding certain adjustments, the overall financial results demonstrate robust operational performance and prudent financial management.

    Oct 30, 2018
  25. 2018-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2018

    Chubb Ltd. reported a net income of $1.294 billion for the three months ended June 30, 2018, a slight decrease from $1.305 billion in the prior year period. Total net premiums written increased by 5.7% to $8.0 billion for the quarter. The Property & Casualty (P&C) combined ratio was 88.4%, a marginal increase from 88.0% in the prior year, driven by higher loss ratios due to large structured transactions and catastrophe losses, partially offset by a lower expense ratio. The company experienced an increase in net investment income to $828 million, up 7.4% year-over-year, due to a larger invested asset base and higher yields on short-term investments and other income sources. Chubb also continued its share repurchase program, buying back approximately 2.4 million shares for $324 million during the quarter, demonstrating a commitment to returning capital to shareholders.

    Aug 1, 2018
  26. 2018-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2018

    Chubb Ltd. reported net income of $1.082 billion for the first quarter of 2018, a slight decrease from $1.093 billion in the prior year period. Net premiums written saw a healthy increase of 5.9% to $7.1 billion, driven by growth across most segments, particularly in North America Commercial P&C and Overseas General Insurance. The company experienced higher catastrophe losses ($380 million pre-tax) compared to the previous year, contributing to a P&C combined ratio of 90.1%, up from 87.5% year-over-year. However, the current accident year P&C combined ratio, excluding catastrophe losses, improved slightly. Net investment income rose by 8.2% to $806 million, benefiting from a higher invested asset base and improved short-term investment earnings. Financially, total assets grew to $168.8 billion and shareholders' equity remained strong at $51.3 billion. The company issued new Euro-denominated senior notes totaling €1.8 billion ($2.2 billion) in March 2018, strengthening its capital position. While integration expenses decreased significantly, the company continues to focus on operational efficiency and underwriting profitability amidst a challenging catastrophe environment.

    May 2, 2018
  27. 2017-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2017

    Chubb Limited reported a net loss of $70 million for the third quarter of 2017, a significant shift from the $1.36 billion net income in the same period last year. This was heavily impacted by substantial catastrophe losses, totaling $1.89 billion pre-tax, primarily from Hurricanes Harvey, Irma, and Maria, and earthquakes in Mexico. Despite these catastrophe losses, the company's P&C combined ratio, excluding catastrophes and favorable prior period development, remained stable at 88.5%. Net premiums written showed growth across most segments, up 4.3% year-over-year, indicating continued underlying business strength. The company continued its share repurchase program, buying back approximately $707 million in shares through the first nine months of 2017. The company's financial position remains solid, with total assets of $168 billion and shareholders' equity of $50 billion as of September 30, 2017. The company also has a robust liquidity position and access to a $1.0 billion credit facility.

    Nov 1, 2017
  28. 2017-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2017

    Chubb Limited reported strong financial performance for the second quarter and first half of 2017. Net income increased significantly, driven by improved underwriting results and higher net investment income. The company's P&C combined ratio improved year-over-year, benefiting from integration savings and favorable prior period development. Premiums written showed mixed performance across segments, with some areas impacted by merger-related underwriting actions, but overall growth was solid when adjusted for these effects. The company also continued its share repurchase program and maintained a strong capital position.

    Aug 3, 2017
  29. 2017-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2017

    Chubb Limited reported strong financial performance for the first quarter of 2017, with net income significantly increasing to $1.093 billion from $439 million in the prior year period. This growth was primarily driven by robust underwriting results and increased net investment income. Consolidated net premiums written saw a substantial rise of 11.9% to $6.710 billion, influenced by the timing of the Chubb Corp acquisition. The company also reported a favorable P&C combined ratio of 87.5%, an improvement from 90.0% in the prior year, supported by integration-related savings and a reduction in catastrophe losses. Key operational highlights include continued integration progress post-Chubb Corp acquisition, with substantial integration-related savings contributing positively to expense ratios. The company also saw favorable prior period development, contributing positively to underwriting results. Looking ahead, Chubb expects its effective tax rate to normalize within its historical range of 16-18% excluding certain one-time items. The company reiterated its commitment to returning capital to shareholders through dividends and share repurchases, demonstrating confidence in its financial strength and future prospects.

    May 4, 2017
  30. 2016-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2016

    Chubb Limited reported a significant increase in net income for the third quarter and first nine months of 2016, largely driven by the acquisition of The Chubb Corporation, which closed in January 2016. Total assets grew substantially, and shareholders' equity also saw a notable increase. The company's primary segments, particularly North America Commercial P&C Insurance and Overseas General Insurance, demonstrated strong premium growth and improved underwriting income. The "As If" basis analysis, which combines legacy ACE and Chubb Corp results for comparability, indicates underlying operational strength, though certain underwriting actions like increased reinsurance usage impacted reported premium growth. Integration savings are ahead of schedule, with increased targets, signaling efficient execution of the merger. Despite the overall positive financial performance, investors should note the significant impact of integration expenses on the "Corporate" segment and the ongoing nature of purchase accounting adjustments. The company's investment portfolio remains robust, though sensitive to interest rate changes. Chubb continues to focus on strategic growth areas like middle market and personal lines businesses, while managing risks through diversification and reinsurance. The company also reaffirmed its dividend policy, demonstrating a commitment to shareholder returns.

    Nov 3, 2016
  31. 2016-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2016

    Chubb Limited (CB) reported solid results for the quarter ending June 30, 2016, significantly impacted by the completion of the Chubb Corporation acquisition on January 14, 2016. The acquisition has substantially increased net premiums written and earned, reflecting a much larger combined entity. Despite a reported net income decrease of 22.8% to $726 million compared to $942 million in the prior year, this was largely due to significant integration expenses and purchase accounting adjustments related to the Chubb Corp acquisition, including the amortization of acquired intangible assets. The company's core insurance operations demonstrated resilience, with strong growth in net premiums written across most segments, driven by the expanded scale and market presence post-acquisition. Investors should note the significant increase in assets, liabilities, and goodwill, reflecting the integration of the larger business.

    Aug 5, 2016
  32. 2016-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2016

    Chubb Limited's first quarter 2016 report reflects the significant impact of its acquisition of The Chubb Corporation, completed in January 2016. This transformative event is evident across the financial statements, with total assets growing substantially to $156.6 billion and shareholders' equity rising to $45.9 billion. The acquisition led to a notable increase in net premiums written and earned, reflecting the combined entity's expanded market presence. While net income decreased to $439 million from $681 million in the prior year, this was largely attributed to the inclusion of substantial integration expenses related to the Chubb Corp acquisition, which totaled $148 million. The company reported strong growth in its North America Commercial P&C Insurance and North America Personal P&C Insurance segments. The overall P&C underwriting income saw a significant increase, supported by improved loss ratios and favorable prior period development, although catastrophe losses were also higher than the prior year. Management expressed confidence in the integration process and projected exceeding savings targets, indicating a strategic focus on operational efficiencies and growth opportunities arising from the merger.

    May 10, 2016
  33. 2015-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2015

    Chubb Ltd. (formerly ACE Limited) reported its third-quarter 2015 financial results, highlighting a net income of $528 million, a decrease from $785 million in the prior year period. This decline was primarily attributed to significant net realized losses of $397 million, largely driven by market movements impacting investment and variable annuity reinsurance portfolios, alongside unfavorable foreign currency impacts. Total revenues saw a decrease of 6.3%, though on a constant-dollar basis, net premiums written and earned showed increases of 5.5% and 5.2% respectively, indicating underlying organic growth. The company continued its strategic acquisitions, notably the Fireman's Fund personal lines business, and made significant progress towards its major acquisition of Chubb Corporation, expected to close in Q1 2016, financing a portion of this transaction with a $5.3 billion senior notes issuance. The combined ratio for P&C operations remained strong at 85.9%, indicating profitable underwriting, and the expense ratio improved. The company also noted a benefit from the Fireman's Fund acquisition related to purchase accounting for unearned premiums. Despite the near-term pressure on net income from market volatility and integration costs, the company's operational performance, particularly in key segments like North American P&C and Overseas General, demonstrated resilience and growth on a constant-dollar basis. Investors should monitor the progress and integration of the Chubb acquisition, as well as the impact of ongoing market conditions on investment income and realized gains/losses.

    Nov 4, 2015
  34. 2015-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2015

    Chubb Ltd. (ACE Limited at the time) reported strong financial performance for the second quarter of 2015, with net income increasing by 20.8% to $942 million compared to the prior year period. This growth was driven by a combination of factors, including increased net premiums written across several segments, particularly in North America P&C due to the acquisition of Fireman's Fund high net worth personal lines business. The company also benefited from positive prior period development in its loss reserves. A significant development during the quarter was the announcement of the definitive agreement to acquire The Chubb Corporation for approximately $28.3 billion, a strategic move expected to create a global leader in commercial, specialty, and personal P&C insurance. The company's investment portfolio remained robust, with net investment income slightly increasing. However, unrealized losses in the investment portfolio, primarily due to rising interest rates, reduced shareholders' equity. Management has elected to temporarily halt share repurchases to focus on the upcoming Chubb acquisition. The company reaffirmed its commitment to shareholder returns with an increased quarterly dividend. Overall, ACE demonstrated solid underwriting profitability, strategic growth through acquisitions, and a clear path for significant future expansion with the announced Chubb merger.

    Aug 4, 2015
  35. 2015-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2015

    Chubb Ltd. (CB) reported its first-quarter financial results for 2015, showcasing a solid operational performance despite a slight decrease in net income compared to the prior year. The company maintained a strong combined ratio of 88.4%, indicating effective underwriting. Net premiums written saw a marginal decrease of 2.6% primarily due to foreign exchange fluctuations, but on a constant-dollar basis, they increased by 1.8%, signaling underlying business growth. Investment income remained stable, and the company continued its share repurchase program, returning capital to shareholders. Acquisitions made in late 2014 are beginning to contribute to premium growth, particularly in the Overseas General segment. The company's balance sheet remains robust with substantial assets and equity, and its liquidity position is strong, supported by operating cash flows and available credit facilities.

    Apr 29, 2015
  36. 2014-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2014

    Chubb Ltd. (CB) reported solid financial performance for the nine months ending September 30, 2014. The company demonstrated consistent growth in net premiums written across most segments, reflecting a healthy expansion of its business operations. Investment income saw a notable increase, driven by a larger invested asset base and improved call activity. While net income for the quarter was lower year-over-year, this was primarily attributed to a significant increase in policy acquisition costs and administrative expenses, influenced by purchase accounting adjustments from recent acquisitions, as well as net realized losses. The company maintained strong capital reserves and continued its share repurchase program, signaling confidence in its financial stability and future prospects. Overall, Chubb's diversification across business segments and geographies, combined with strategic acquisitions, positions it well for continued growth and resilience.

    Oct 29, 2014
  37. 2014-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2014

    Chubb Ltd. (CB) reported solid results for the second quarter of 2014, demonstrating growth in net premiums written and improved underwriting profitability. The company's net income for the quarter was $779 million, a slight decrease from the prior year's $891 million, primarily due to increased policy acquisition costs and administrative expenses, as well as net realized losses. However, the P&C combined ratio improved slightly to 87.7%, indicating effective cost management and underwriting discipline. Key drivers for the quarter included strong performance in the Insurance – Overseas General segment, which saw robust premium growth, and the Insurance – North American P&C segment, which benefited from higher production and strong renewal retention. The company continued its commitment to shareholder returns through share repurchases totaling $237 million during the quarter. Investments also performed well, with net investment income increasing by 4.2%, supported by a higher invested asset base.

    Jul 30, 2014
  38. 2014-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2014

    Chubb Ltd. (CB) reported its first quarter 2014 financial results, showing a decrease in net income to $734 million from $953 million in the prior year, primarily impacted by lower net realized gains. Despite the dip in net income, the company demonstrated robust revenue growth, with net premiums written increasing by 10.2% year-over-year to $4.185 billion. This growth was driven by strong performance across multiple segments, including significant increases in North American P&C and Overseas General Insurance. The company also maintained a solid underwriting performance, with a combined ratio of 88.8% for P&C, indicating profitability. Investments also contributed positively, with net investment income rising by 4.1% to $553 million.

    May 2, 2014
  39. 2013-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2013

    Chubb Ltd (CB) reported a strong third quarter of 2013, with net income increasing significantly to $916 million, up from $640 million in the prior year period. This growth was driven by improved underwriting results, evidenced by a lower combined ratio of 86.5% compared to 92.0% in Q3 2012. The company saw growth in its Insurance – Overseas General and Insurance – North American P&C segments, which more than offset a decline in the North American Agriculture segment and Global Reinsurance. Investment income remained stable, although slightly down due to lower reinvestment rates. The company also demonstrated solid cash flow from operations. Acquisitions made during the year, specifically ABA Seguros and Fianzas Monterrey in Mexico, are integrated and contributing to premium growth. Overall, Chubb exhibited robust performance characterized by improved profitability and strategic growth initiatives.

    Oct 30, 2013
  40. 2013-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2013

    Chubb Ltd (CB) reported a significant increase in net income for the three months ended June 30, 2013, reaching $891 million compared to $328 million in the same period last year. This strong performance was driven by a notable increase in net premiums written, which rose by 6.3% (7.6% on a constant-dollar basis), reflecting growth across its key segments, particularly in North American P&C and Overseas General. The company also benefited from favorable prior period development and improved underwriting results. Investments in the quarter were impacted by rising interest rates, leading to a decrease in net investment income, though this was partially offset by higher private equity and other distributions. Chubb completed two strategic acquisitions in Mexico during the quarter: Fianzas Monterrey for $293 million and ABA Seguros for $690 million, both aimed at expanding its global franchise. The company maintained a strong combined ratio of 87.9% for its P&C business, indicating solid underwriting profitability. Management also highlighted a share repurchase authorization of $249 million remaining through December 31, 2013.

    Jul 31, 2013
  41. 2013-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2013

    Chubb Ltd. (CB) reported its first quarter 2013 financial results, demonstrating resilience in a dynamic market. The company maintained a strong financial position with total assets of $93.5 billion and shareholders' equity of $27.9 billion. Net income for the quarter was $953 million, a slight decrease from $973 million in the prior year, primarily influenced by increased income tax expenses and a decrease in net investment income, which was partially offset by higher distributions from private equity funds. Total net premiums written saw a healthy increase of 6.3% to $3.8 billion, driven by growth across most of its segments, particularly Insurance – North American P&C and Insurance – Overseas General. The P&C combined ratio improved to 88.2% from 89.2% in the prior year, reflecting a better expense ratio. The company also continued its commitment to shareholder returns through active share repurchases, totaling $154 million during the quarter, and consistent dividend payments.

    May 1, 2013
  42. 2012-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2012

    ACE Limited (now Chubb Limited) reported a strong third quarter for 2012, demonstrating significant year-over-year growth in net income. The company's net income more than doubled to $640 million, compared to a net loss of $39 million in the same period of the previous year. This turnaround was driven by robust growth in net premiums written across its segments, particularly in Insurance – North America and Insurance – Overseas General. The company also benefited from a significant reduction in net realized losses, which were substantially lower than the previous year, contributing to improved profitability. Despite a slight increase in the P&C combined ratio to 92.0% from 90.2%, the company's underwriting performance remained solid, supported by favorable prior period development. The company's investment income saw a modest decrease, but this was offset by overall revenue growth and improved expense management, as indicated by a lower expense ratio in its Property & Casualty business. ACE Limited's balance sheet remains strong, with total assets increasing and a healthy shareholder's equity position, reflecting the company's sound financial management and strategic growth initiatives, including several pending acquisitions.

    Oct 31, 2012
  43. 2012-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2012

    ACE Limited (CB) reported a strong first half of 2012, with net income of $1.30 billion (basic EPS $3.83) versus $844 million ($2.50) in the prior-year period. Second-quarter results were considerably weaker, with net income of $328 million ($0.96 per share) against $594 million a year earlier. The gap was driven by a $397 million net realized loss from derivative accounting on variable annuity guarantee reinsurance (GLB), which was pressured by falling equity markets and interest rates. Underwriting performance was solid: the P&C combined ratio improved to 88.7% in Q2 from 92.7%, and the six-month combined ratio fell to 88.9% from 98.5%, helped by lower catastrophe losses, favorable prior-period reserve development of $206 million for the half, and a lower expense ratio. Top-line growth was modest. Net premiums written rose 4% to $7.7 billion for the six months, and net premiums earned rose 1%. Net investment income declined 3% as yields on new investments fell (the average market yield on fixed maturities dropped to 2.8% from 3.4%). Shareholders' equity grew to $25.8 billion from $24.3 billion at year-end 2011, supported by earnings and unrealized appreciation, after dividends of $368 million. Total assets were $90.7 billion. Book value per share and capital metrics remained solid, with a debt-to-capitalization ratio of 15.4%. Investors should weigh the underlying P&C underwriting improvement against continued earnings volatility from the variable annuity book, which management expects to create a further realized loss in Q3 from a timing effect. The company also flagged a potential additional after-tax loss of about $68 million from U.S. drought conditions affecting its crop insurance business, with a worst-case scenario of roughly $200 million more.

    Aug 1, 2012
  44. 2012-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2012

    Ace Limited (CB) reported a significant increase in net income for the first quarter of 2012, reaching $973 million, a substantial rise from $250 million in the prior year period. This strong performance was driven by a notable reduction in losses and loss expenses, which fell by 20%, and a significant increase in net realized gains. The company's underwriting results also showed improvement, with the combined ratio decreasing to 89.2% from 105.2% in the prior year, indicating a more profitable underwriting operation. Net premiums written grew by 4% to $3.6 billion, supported by growth in international retail operations and favorable catastrophe loss experience compared to the previous year. Key segments, including Insurance – North American and Insurance – Overseas General, demonstrated positive trends in net premiums written. The Life segment also saw revenue increases due to recent acquisitions. Despite competitive market conditions in some areas like Global Reinsurance, the company's overall financial health appears robust, with substantial total assets of $89.7 billion and shareholders' equity of $25.4 billion as of March 31, 2012.

    May 2, 2012
  45. 2011-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2011

    ACE Limited's Q3 2011 10-Q shows a sharp earnings deterioration driven almost entirely by a non-operating accounting item rather than core underwriting. Net income fell to a $31 million loss for the quarter (versus $675 million a year earlier), and nine-month net income dropped 60% to $835 million from $2,107 million. The primary driver is $952 million of realized losses tied to the fair value of Guaranteed Living Benefits (GLB) variable annuity reinsurance liabilities, which rose as equity markets declined and interest rates fell. Hedge gains partially offset this, but the net fair value adjustment on insurance derivatives still hit realized gains by $926 million in the quarter. Total realized losses were $760 million for the quarter and $878 million year to date. Underlying operations remained solid. Net premiums written grew 32% in the quarter, to $4.3 billion, boosted by the Rain and Hail crop acquisition and the New York Life Korea and Hong Kong acquisitions. Catastrophe losses were heavier than last year, at $704 million pre-tax year to date, including Japan and New Zealand earthquakes, Australian storms and Hurricane Irene. Favorable prior-period reserve development of $433 million year to date helped cushion results. The nine-month combined ratio rose to 95.2% from 90.2%, reflecting higher catastrophe and agriculture loss ratios, while the Q3 combined ratio was 90.3%. Book value remained healthy at $23.75 billion in shareholders' equity, up from $22.97 billion at year-end 2010, and the company continued returning capital through dividends and a $100 million buyback in August, with $500 million of authorization remaining. Investors should view the headline loss as largely a mark-to-market effect on the variable annuity guarantee book, which management says is expected to be profitable over the long term, rather than as a deterioration of the core insurance franchise. The main ongoing risks are sensitivity of GLB liabilities to equity and interest rate moves, elevated catastrophe exposure, and pending litigation in the business practices cases that cannot yet be quantified.

    Nov 3, 2011
  46. 2011-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2011

    ACE Limited's second-quarter 2011 10-Q shows a quarter of solid top-line growth but weaker profitability, driven mainly by catastrophe losses. Net premiums written rose 16% to $3.95 billion in Q2 and 6% year-to-date to $7.40 billion, helped by the Rain & Hail crop acquisition, the New York Life Korea and Hong Kong life acquisitions, and favorable foreign exchange. Net income fell 10% to $607 million for the quarter and 40% to $866 million for the first half, and diluted EPS was $1.77 for Q2 versus $1.98 a year earlier. Results were pressured by roughly $557 million of pre-tax net catastrophe losses in the first half (including the Japan Tohoku earthquake, New Zealand earthquakes, and Australian storms), which pushed the first-half combined ratio to 98.4% from 91.2%. Beyond underwriting, the quarter was affected by realized losses of $118 million for the half, largely from falling interest rates increasing the liability on guaranteed living benefit (variable annuity) reinsurance and from foreign exchange losses. Investment income grew 9% for the half to $1.11 billion, supported by operating cash flow and acquisitions. Book value rose modestly, with shareholders' equity reaching $24.1 billion, up from $23.0 billion at year-end 2010, as retained earnings and AOCI gains offset dividends. Total assets were $89.3 billion. Management noted that property pricing is firming after the catastrophe losses, while casualty pricing is only beginning to firm, and that the company continues to decline business where pricing is inadequate. For investors, the key takeaways are that underlying growth is healthy and diversified, but earnings are more volatile than in the prior year because of catastrophe exposure and the variable annuity reinsurance book, which is sensitive to interest rates and equity markets. The company's investment portfolio is high quality, averaging AA credit quality, and its capital position remains strong, with a debt-to-capitalization ratio of about 16%.

    Aug 4, 2011
  47. 2011-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2011

    ACE Limited (the filing names the company ACE Limited; the ticker referenced in your request is CB) reported first-quarter 2011 net income of $259 million, down 66% from $755 million in the prior-year quarter, and diluted EPS of $0.76 versus $2.22. The decline was driven mainly by catastrophe losses: net pre-tax cat losses were $415 million before reinstatement premiums (about $489 million including them), largely from the Japan and New Zealand earthquakes and Australian storms, versus $148 million a year earlier. The consolidated combined ratio rose to 105.0% from 92.8%, and the loss and loss expense ratio climbed to 73.4% from 61.9%. Excluding catastrophes, underlying results were more stable: the adjusted loss ratio was 60.8% versus 61.1%, and prior period development was favorable at $93 million. Top-line growth was weak. Net premiums written fell 4% to $3.446 billion and net premiums earned rose only 1% to $3.309 billion. Management attributed the NPW decline to reduced North American retail new business and assumed loss portfolio transfers, a shrinking Global Reinsurance book on competitive pricing, and reinstatement premiums. Growth was concentrated in international A&H, Asia, Latin America, and Life. Net investment income rose 8% to $544 million, aided by operating cash flow and acquisitions. Operating cash flow was $1.0 billion. Book value held up well: shareholders' equity increased to $23.4 billion from $23.0 billion, supported by a $232 million currency translation gain, and total debt-to-capitalization was steady at 16.7%. For investors, the key takeaways are that the quarter's earnings weakness is primarily catastrophe-driven rather than a deterioration in core pricing or reserve adequacy, but that top-line momentum is soft and the Japan earthquake estimate of $247 million remains uncertain. The company also completed acquisitions of Rain and Hail, Jerneh, and the Korean operations of New York Life, with the Hong Kong operations of New York Life acquired for about $350 million on April 1, 2011.

    May 6, 2011
  48. 2010-Q3

    Chubb Ltd Quarterly Report for Q3 Ended Sep 30, 2010

    ACE Limited's 10-Q for the quarter ended September 30, 2010 shows a strong third quarter and year-to-date period. Net income rose 37% to $675 million in Q3 and 32% to $2.107 billion for the nine months, driven by lower realized investment losses and steady underwriting. Net premiums written grew 4% in Q3 and 3% year to date, to $10.3 billion, while the consolidated combined ratio was 88.4% in Q3 but deteriorated to 90.2% for the nine months due to catastrophe losses (about $315 million year to date) and crop-settlement effects. Prior period reserve development remained favorable at $205 million in Q3, supporting results. The balance sheet strengthened, with total assets of $82.4 billion and shareholders' equity rising to $22.8 billion from $19.7 billion at year-end 2009, largely from net income and unrealized appreciation on the investment portfolio. The fixed income portfolio averages AA credit quality, though about 13% is below investment grade or non-rated, and the portfolio's average market yield fell to 3.2% from 4.3% a year earlier, which pressures future investment income. Net investment income was essentially flat, up 1% year over year. Key risks for investors include the GMIB variable annuity reinsurance liability, which rose to $758 million and produced realized losses of $180 million year to date as interest rates fell. ACE also agreed to acquisitions totaling roughly $1.725 billion (Rain and Hail, Jerneh Insurance, and New York Life's Hong Kong and Korea operations), to be funded with cash and short-term borrowings, and it faces ongoing industry litigation and investigations with contingent exposures that cannot currently be estimated.

    Nov 8, 2010
  49. 2010-Q2

    Chubb Ltd Quarterly Report for Q2 Ended Jun 30, 2010

    Chubb Ltd (CB), operating as Ace Limited during this period, reported a solid second quarter for 2010, demonstrating resilience in a competitive market. The company achieved a net income of $677 million, a significant increase from $535 million in the prior year's quarter, driven by improved underwriting income and a recovery in net realized gains. Total revenues saw a healthy increase to $3.76 billion from $3.55 billion, reflecting stable net premiums written and growth in net investment income. Key financial highlights include a strong combined ratio of 89.7%, indicating profitable underwriting across most segments. The company's investment portfolio remains robust, with a significant portion in high-quality fixed maturities. Ace Limited's financial position is strong, with total assets reaching $80.2 billion and shareholders' equity growing to $21.4 billion. The company also reported a robust increase in diluted earnings per share to $1.98, up from $1.58 in the prior year's quarter. Management expressed confidence in the company's diversified business model and ability to navigate ongoing market challenges.

    Aug 6, 2010
  50. 2010-Q1

    Chubb Ltd Quarterly Report for Q1 Ended Mar 31, 2010

    Ace Limited (ACE) reported solid financial results for the first quarter of 2010, demonstrating resilience amidst challenging market conditions. The company's net income increased by a significant 33% to $755 million compared to the same period in 2009. This growth was driven by a combination of increased net premiums earned and a substantial recovery in net realized gains, which swung from a loss of $121 million in the prior year to a gain of $168 million. The company's diversified business segments, including North American Insurance, Overseas General Insurance, Global Reinsurance, and Life, all contributed to this improved performance, with particularly strong underwriting income growth in the Life segment. Ace Limited's balance sheet remains robust, with total assets growing to $79.3 billion and shareholders' equity reaching $20.6 billion. The company managed its investment portfolio effectively, with net investment income remaining stable and a notable increase in net unrealized appreciation on available-for-sale securities. Management highlighted the company's disciplined underwriting and effective risk management strategies as key factors in navigating market volatility and natural catastrophe events. The company also maintained a strong liquidity position, with sufficient cash flows from operations and available credit facilities to meet its obligations.

    May 7, 2010