Chubb reported Q2 non-GAAP EPS of $7.26, exceeding expectations by $0.52, driven by strong underwriting income.
Chubb posted Q2 non-GAAP earnings per share of $7.26, surpassing estimates by $0.52. The insurer’s P&C net premiums written reached $12.77 billion, a 3.0% increase year-over-year, or 6.3% excluding large account and excess & surplus property.
P&C underwriting income rose 18.8% to $1.94 billion, with a combined ratio of 83.8%. The results reflect solid performance in core underwriting segments despite market challenges.
Shares showed muted reaction in after-hours trading as investors digested the earnings beat.