Chubb said net income attributable to Chubb for the quarter ended September 30, 2024 was $2.3 billion, compared with $2.0 billion in the prior year period. The company cited strong underwriting results and record net investment income as the drivers of the quarter's net income.

10-QQuarterly reportFiled Oct 30, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

Chubb said net income attributable to Chubb for the quarter ended September 30, 2024 was $2.3 billion, compared with $2.0 billion in the prior year period. The company cited strong underwriting results and record net investment income as the drivers of the quarter's net income.
The company said its P&C combined ratio for the quarter was 87.7%, compared with 88.4% in the prior year period. It said catastrophe losses, net of reinsurance and including reinstatement premiums, were $765 million (6.4 percentage points of the P&C combined ratio), compared with $670 million (6.0 percentage points) in the prior year period.
The company said consolidated net premiums written for the quarter were $13.8 billion, up 5.5%. It said pre-tax net investment income was a record $1.5 billion, compared with $1.3 billion in the prior year period, and cited higher reinvestment rates on fixed maturities as a factor.
The company said operating cash flow for the 9 months ended 2024 was $11.6 billion, compared with $9.4 billion in the prior year period, and that investing activities used $11.4 billion in cash. It also said it repurchased $1.3 billion of common shares over the same period and that, as of September 30, $2.4 billion remained under its share repurchase authorization.

Key figures

Quarter ended September 30, 2024

Revenue: $14.8B
Net income: $2.3B
EPS: $5.70

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Q3 2024 Net Income Attributable to Chubb

Chubb said net income attributable to Chubb for the quarter ended September 30, 2024 was $2.3 billion, compared with $2.0 billion in the prior year period. The company cited strong underwriting results and record net investment income as the drivers of the quarter's net income.

Source · Based on the MD&A text of the filing

P&C combined ratio and catastrophe losses

The company said its P&C combined ratio for the quarter was 87.7%, compared with 88.4% in the prior year period. It said catastrophe losses, net of reinsurance and including reinstatement premiums, were $765 million (6.4 percentage points of the P&C combined ratio), compared with $670 million (6.0 percentage points) in the prior year period.

Source · Based on the MD&A text of the filing

Quarterly net premiums written and net investment income

The company said consolidated net premiums written for the quarter were $13.8 billion, up 5.5%. It said pre-tax net investment income was a record $1.5 billion, compared with $1.3 billion in the prior year period, and cited higher reinvestment rates on fixed maturities as a factor.

Source · Based on the MD&A text of the filing

9-month cash flow and capital activity

The company said operating cash flow for the 9 months ended 2024 was $11.6 billion, compared with $9.4 billion in the prior year period, and that investing activities used $11.4 billion in cash. It also said it repurchased $1.3 billion of common shares over the same period and that, as of September 30, $2.4 billion remained under its share repurchase authorization.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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