Summary
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.
Financial Highlights
35 data points| Revenue | $7.88B |
| Net Income | $1.04B |
| EPS (Basic) | $2.27 |
| EPS (Diluted) | $2.25 |
| Shares Outstanding (Basic) | 458.81M |
| Shares Outstanding (Diluted) | 461.54M |
Key Highlights
- 1Net income of $1.04 billion for the quarter, slightly down from $1.08 billion in Q1 2018.
- 2Net premiums written increased by 2.9% (5.1% in constant dollars) to $7.31 billion, with growth across all segments.
- 3P&C combined ratio improved to 89.2% from 90.1% in the prior year period, reflecting better underwriting performance.
- 4Catastrophe losses decreased to $250 million pre-tax, down from $380 million in Q1 2018.
- 5Favorable prior period development contributed $204 million pre-tax.
- 6Share repurchases totaled $367 million during the quarter.
- 7Total assets grew to $171.3 billion, with shareholders' equity at $52.4 billion.