Chubb posts a record $1.2bn underwriting profit on lower cat losses
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Chubb posts a record $1.2bn underwriting profit on lower cat losses

James Thaler
28 July 2021
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Chubb logo New York v2.jpg

Chubb reported the highest quarterly underwriting profit in its history on Tuesday, as it benefitted from the combination of lower catastrophe losses, accelerating underlying margin expansion, strong reserve releases, and its best P&C organic growth number in 15 years.

All in, the company generated $3.62 in operating income per share, well ahead of the $3.01 analyst estimate and vastly improved from its $0.56-per-share

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