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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
๊ฐ€์ž… March 2022
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CHUBB $CB Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น P&C Premiums Written: $13.18B (Est. $13.45B) ๐Ÿ”ด ๐Ÿ”น Adj. EPS: $7.66 (Est. $6.81) ๐ŸŸข; +0.8% YoY ๐Ÿ”น Core Operating Income: $2.98B; -2.2% YoY ๐Ÿ”น P&C Combined Ratio: 84.1%; vs 81.8% LY P&C Net Premiums Written by Segment: ๐Ÿ”น North America Commercial: $5.51B; -2.7% YoY ๐Ÿ”น North America Personal: $1.91B; +5.3% YoY ๐Ÿ”น North America Agricultural: $1.53B; +5.1% YoY ๐Ÿ”น Overseas General: $3.94B; +6.7% YoY ๐Ÿ”น Global Reinsurance: $287M; -5.6% YoY Other Q3 Metrics: ๐Ÿ”น P&C Underwriting Income: $2.06B; -8.8% YoY ๐Ÿ”น CAY Combined Ratio ex-Cat: 82.6%; vs 82.5% LY ๐Ÿ”น Catastrophe Losses: $705M; vs $285M LY ๐Ÿ”น Adj. Net Investment Income: $1.89B; +6.3% YoY ๐Ÿ”น Life Net Premiums Written: $1.96B; +1.4% YoY ๐Ÿ”น Life Segment Income: $369M; +11.4% YoY ๐Ÿ”น Core Operating ROE: 14.9% ๐Ÿ”น Core Operating ROTE: 21.6% ๐Ÿ”น Net Income: $2.84B; +1.5% YoY ๐Ÿ”น GAAP EPS: $7.30; +4.4% YoY Capital Return: ๐Ÿ”น Total Capital Returned: $1.57B ๐Ÿ”น Buybacks: $1.18B ๐Ÿ”น Dividends: $393M Key Updates: ๐Ÿ”น Total pre-tax net catastrophe losses: $705M; vs $285M LY ๐Ÿ”น Net income to core operating income, net of tax: adjusted net realized (gains) losses, net of tax $94M; integration expenses and severance, net of tax $8M; market risk benefits (gains) losses, net of tax $55M; amortization of deferred tax asset from Bermuda law ($60M); amortization of fair value adjustments, net of tax $39M ๐Ÿ”น Favorable prior period development: $511M pre-tax, vs $361M LY ๐Ÿ”น Book value per share: $191.43, +5.1% YoY; tangible book value per share $126.96, +5.7% YoY Comments: ๐Ÿ”ธ โ€œI fully expect North America commercial growth to improve in future quarters.โ€
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