Chubb Delivers Strong Underwriting Even With More Hurricane Activity
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Chubb has demonstrated strong underwriting performance despite increased hurricane activity. The company's shares have risen 26% over the past year, although they recently declined by 7% due to hurricane-related losses. In Q3, Chubb reported strong earnings with an EPS of $5.72, surpassing estimates by $0.73, and a 6.6% increase in net premiums. The company's diversified global portfolio and robust underwriting have contributed to improved combined ratios and strong investment income, supporting its growth and profitability.
November 12, 2024 | 11:15 pm
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Chubb's Q3 earnings were strong, with an EPS of $5.72, beating estimates by $0.73, and net premiums up 6.6%. Despite a recent 7% share pullback due to hurricane losses, the company's diversified portfolio and strong underwriting support continued growth.
Chubb's strong Q3 earnings and increase in net premiums indicate robust financial health, which is likely to positively impact its stock price. The recent share pullback due to hurricane losses may be temporary, as the company's diversified portfolio and strong underwriting continue to support growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100