The company said net income attributable to Chubb for the quarter ended June 30, 2024 was $2.2 billion, compared with $1.8 billion in the prior-year period. Pre-tax net investment income was a record $1.5 billion, compared with $1.1 billion in the prior year.

1. 01

   The company said net income attributable to Chubb for the quarter ended June 30, 2024 was $2.2 billion, compared with $1.8 billion in the prior-year period. Pre-tax net investment income was a record $1.5 billion, compared with $1.1 billion in the prior year.

2. 02

   The company said consolidated net premiums written for the quarter were $13.4 billion, up 11.8%. It said the consolidation of Huatai Group contributed $445 million, or 3.6 percentage points, to growth.

3. 03

   The company said its P&C combined ratio for the quarter was 86.8%, compared with 85.4% in the prior-year period. It said catastrophe losses, net of reinsurance, were $580 million, compared with $400 million in the prior year.

4. 04

   The company said operating cash flow for the 6 months ended June 30, 2024 was $7.3 billion, and cash used for investing activities was $6.1 billion. It said it repurchased $886 million of common stock and that $2.8 billion remained under its repurchase authorization as of June 30.

Key figures

Quarter ended June 30, 2024

Revenue

$13.8B

Net income

$2.2B

EPS

$5.46

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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