Chubb Posts $7.30 Q3 EPS as Stock Sits Near 52-Week High
CB sits 33% above its 52-week low of $266.4.
Summary
Chubb reported third-quarter per share net income of $7.30 and record core operating income of $7.66, up 4.4% and 0.8%, respectively, with consolidated net premiums written of $15.1 billion, up 1.9%, as P&C and Life Insurance rose 1.9% and 1.4%. The P&C combined ratio came in at 84.1%, and total third-quarter pre-tax net catastrophe losses were $705 million. Net income was $2.84 billion, and book value per share stood at $191.43. Year-to-date per share net income and core operating income were records at $20.46 and $21.94, up 16.2% and 24.5%, with an annualized return on equity of 14.5% and core operating ROE of 14.6%. For a $138B insurer trading near its 52-week high of $365.91, the bar was already high, and this print keeps the earnings trend intact rather than breaking it. The full release and segment detail will determine whether the stock holds the recent range.
At the time of this announcement, CB was trading at $355.00 on NYSE in the Finance sector, with a market capitalization of approximately $138B. The 52-week trading range was $266.40 to $365.91. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.