10th February 2019

Chubb net income drops in fourth quarter
Trend

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)