- Swiss Re new sigma report looks at the potential of advanced analytics
- Hamilton completes acquisition of Pembroke Managing Agency and its platform at Lloyd’s, as well as Dublin-based carrier, Ironshore Europe DAC(IEDAC), from Liberty Mutual
- Insurance Europe publishes response to a consultation by the International Association of Insurance Supervisors (IAIS) on systemic risk
- S&P Global reviews Californian wildfires and re/insurers risk appetite
- Majesco publishes new thought leadership report headed "The Future of Insurance: Optimization, Growth and Innovation"
- WIllis Towers Watson Claim Metrics benchmarking analysis indicates that motor claims payout inflation in the UK rose by 8.6% in 2018
- Global Risk Partners(GRP) moves for Health and Safety Click(H&S Click). expired
- Illinois-based Pekin Insurance has successfully deployed Guidewire InsurancePlatform expired
- High Court declines to sanction the transfer of an annuity portfolio from Prudential to Rothesay Life expired
- Lloyd's broker SSL Endeavour announces senior appointments-to acquire aviation broker/MGA in North America expired
- DARAG appoints Insley as CFO expired
- Everest Insurance appoints Adams to head operations in Bermuda expired
10th February 2019
Chubb net income drops in fourth quarter
Chubb has reported net income for the fourth quarter of $355m, or $0.76 per share, compared with $1,533m, or $3.27 per share, for the same quarter last year. Core operating income was $935m, or $2.02 per share, compared with
$1,489m, or $3.17 per share.
The property and casualty combined ratio was 93.1. Book and tangible book value per share decreased 0.8% and 1.4%, respectively, from 30th September 2018 and now stand at $109.56 and $65.89, respectively. Book and tangible book value per share were unfavourably impacted by net realized and unrealized losses of $383 million after-tax in the
company’s investment portfolio, primarily reflecting the widening of credit spreads on corporate fixed
income securities late in the quarter, partially offset by the decline in interest rates.
Chubb Trends(239 articles)