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Chubb Limited to Hold its Fourth Quarter Earnings Conference Call on Wednesday, January 29, 2025

AInvestFriday, Jan 3, 2025 3:09 pm ET
4min read


Chubb Limited (NYSE: CB) has announced that it will hold its fourth quarter earnings conference call on Wednesday, January 29, 2025, at 8:30 a.m. Eastern. The company plans to release its fourth quarter earnings and financial supplement after market close on Tuesday, January 28, 2025. These documents will be accessible on Chubb's investor website.

The earnings conference call will be available via live webcast on the company's investor website and via telephone dial-in. Interested parties can access the call using the numbers 877-400-4403 (US) or 332-251-2601 (international) with passcode 1641662. A replay of the call will be made available afterward through the same channels.

Chubb Limited is the world's largest publicly traded property and casualty insurance company, with operations in 54 countries and territories. The company provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. Chubb is known for its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, and local operations globally.

In the fourth quarter of 2023, Chubb reported record net income and core operating income, driven by double-digit premium growth, record P&C underwriting and investment income, and strong life operating income. The company's consolidated net premiums written increased by 13.4%, with commercial insurance up 10.0% and consumer insurance up 19.9%. Global P&C net premiums written grew by 10.5%, with North America up 6.2% and Overseas General up 19.3%. P&C underwriting income reached a record $1.52 billion, up 35.2%, with a combined ratio of 85.5%. Life Insurance net premiums written were $1.45 billion, up 20.3%, and segment income was $263 million, up 43.5%.

Chubb's strong performance in the fourth quarter was also positively impacted by a one-time deferred tax benefit of $1.14 billion, or $2.76 per share, related to the enactment of Bermuda's new income tax law. Excluding this tax benefit, net income and core operating income were still up 65.1% and 35.8%, respectively, on a per share basis.

For the full year 2023, Chubb reported net income and core operating income of $9.03 billion and $9.34 billion, respectively, up 72.1% and 45.2% from the previous year. Consolidated net premiums written increased by 13.5%, with commercial insurance up 8.6% and consumer insurance up 24.2%. Global P&C net premiums written grew by 10.0%, with P&C underwriting income reaching a record $5.46 billion, leading to a P&C combined ratio of 86.5%. Life Insurance net premiums written were $5.47 billion, up 51.5%, and segment income was $1.05 billion, up 58.8%.

Chubb's strong financial performance in 2023 was driven by its focus on commercial and consumer insurance segments, international operations, particularly in Asia and Latin America, and effective risk selection and pricing strategy. The company's reinsurance arrangements have also played a significant role in maintaining its combined ratios by managing risk exposure and mitigating the impact of catastrophic losses.




In conclusion, Chubb Limited's upcoming fourth quarter earnings conference call is an opportunity for investors to gain insights into the company's financial performance and strategic direction. The company's strong performance in 2023, driven by its focus on commercial and consumer insurance segments, international operations, and effective risk selection and pricing strategy, positions it well for continued growth and success in the future.
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