Chubb reported $7.26 per share in core operating income, topping analyst forecasts of $6.75 amid solid underwriting performance.
Chubb (CB) posted second-quarter core operating income of $7.26 per share, exceeding the consensus estimate of $6.75. The insurer attributed the beat to strong property and casualty underwriting, investment gains, and life income.
Net premiums written rose 3.6% year-over-year, reflecting steady demand in its core markets. Analysts had anticipated a modest earnings increase but were outpaced by the company’s underwriting discipline and favorable investment conditions.
Shares showed muted movement in after-hours trading as investors digested the results.