Chubb SA

Latest Results (18.12.2024):

Net Income Growth

In the third quarter of 2024, Chubb SA reported a net income of $2.32 billion, marking a 13.8% increase compared to the previous year. This translates to a net income of $5.70 per share, reflecting a 15.2% growth. The company's core operating income also saw a significant rise, reaching $2.33 billion, or $5.72 per share, up 15.6% from the prior year.

Premiums and Underwriting

Chubb SA's consolidated net premiums written increased by 5.5%, or 6.6% in constant dollars, during the third quarter of 2024. The Property & Casualty (P&C) net premiums written rose by 5.4%, or 6.1% in constant dollars. Notably, global P&C net premiums, excluding Agriculture, were up 7.6%, with commercial insurance growing by 8.1% and consumer insurance by 9.4%.

Investment Income

Chubb SA achieved record pre-tax net investment income of $1.51 billion in the third quarter of 2024, representing a 14.7% increase. The adjusted net investment income also reached a record high of $1.64 billion, up 15.9% from the previous year. These results underscore the company's strong investment performance during the quarter.

Life Insurance Performance

In the third quarter of 2024, Chubb SA's Life Insurance segment reported net premiums written of $1.55 billion, up 6.8%, or 10.6% in constant dollars. The segment income increased by 2.3% in constant dollars, with International Life experiencing a 9.1% growth. Additionally, Life Insurance net premiums written and deposits collected rose by 16.1%, or 19.9% in constant dollars.

Return on Equity

Chubb SA reported an annualized return on equity (ROE) of 14.7% for the third quarter of 2024. The annualized core operating return on tangible equity (ROTE) was 21.7%, while the annualized core operating ROE stood at 13.9%. These figures highlight the company's robust financial performance and efficient capital management during the quarter.