Chubb Ltd. mentioned Tuesday its revenue rose within the third quarter, helped by sturdy premium income progress and underwriting outcomes.
The insurance coverage firm
reported web earnings of $1.83 billion, up from $1.19 billion within the third quarter of 2020. Earnings per share rose to $4.18 from $2.63 and core working earnings per share elevated to $2.64 from $2 a 12 months in the past.
Chubb mentioned consolidated web premiums written rose 15.8% within the three months via September in contrast with a 12 months earlier. Property and casualty web premiums written rose almost 17% within the interval, the corporate’s strongest natural progress since 2004, in response to Chief Govt Evan G. Greenberg.
Chubb had underwriting earnings of $617 million within the quarter, up 58% from a 12 months earlier, regardless of $1.1 billion of disaster losses, Mr. Greenberg mentioned.
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https://www.marketwatch.com/story/chubb-3q-profit-rose-helped-by-strong-premium-revenue-growth-271635279972?rss=1&siteid=rss | Chubb Q3 revenue rises, helped by sturdy premium income progress