Chubb exceeds Q2 earnings estimates on strong P&C underwriting
Seeking Alpha ·
Chubb's ( CB ) Q2 earnings exceeded expectations on s trong property and casualty underwriting, investment, and life income. The P&C insurer reported Q2 core operating income of $7.26 per share, surpassing the average analyst estimate of $6.75. Net premiums written increased 3.6% year-over-year
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Chubb (CB) reported core operating earnings of $7.26 per share for the second quarter, beating the market expectation of $6.75, driven by strong property and casualty underwriting and solid investment and life insurance income. Net premiums written also increased by 3.6% year-over-year, demonstrating solid fundamentals. This strong performance raises expectations for profitability across the insurance industry and provides a positive signal to investors.
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- Property and Casualty Insurance — Chubb's second-quarter earnings per share of $7.26 beat the expected $6.75, and net premiums written grew by 3.6%, raising earnings expectations for the broader industry.
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