Chubb INA Holdings LLC has announced a public offering of $1,250,000,000 in 4.900% Senior Notes due 2035. These notes will be fully and unconditionally guaranteed by Chubb Limited, indicating a significant capital-raising effort by the company.
The underwriting agreement and terms of the offering have been documented, with additional legal opinions and forms related to the notes provided as exhibits. This move may impact the company's financial position and investor sentiment regarding its future obligations.
linkAug 06, 2025 08:52:27
Chubb Limited announced its financial results for the first quarter of 2025, reporting a net income of $1.33 billion, or $3.29 per share, and a core operating income of $1.49 billion, or $3.68 per share. The company experienced a 5.7% increase in consolidated net premiums written, totaling $12.6 billion, driven by growth in both property and casualty (P&C) and life insurance segments. However, the results were significantly affected by $1.64 billion in pre-tax net catastrophe losses, primarily from California wildfires, resulting in a combined ratio of 95.7%. Excluding these catastrophe losses, the current accident year combined ratio improved to 82.3% with underwriting income up 12.2% year-over-year.
The company also reported a 12.2% increase in pre-tax net investment income, totaling $1.56 billion, and a 2.7% rise in book value per share to $164.01. Chubb returned $751 million to shareholders through share repurchases and dividends. The North America segment showed a 6.4% growth in premiums when adjusted for one-time items, while international operations also demonstrated growth across various regions. Chubb's annualized return on equity was reported at 8.2% for the quarter.
linkApr 22, 2025 17:22:51
Chubb Limited reported a net income of $2.58 billion for the fourth quarter of 2024, translating to $6.33 per share, and a core operating income of $2.45 billion, or $6.02 per share. The company achieved record full-year net income of $9.27 billion, up 2.7%, and core operating income of $9.20 billion. The global property and casualty (P&C) net premiums written increased by 9.6%, with commercial insurance up 8.7% and consumer insurance up 12.1%. The P&C combined ratio was reported at 86.6%, indicating efficient underwriting performance, while pre-tax catastrophe losses rose to $2.39 billion from $1.83 billion last year.
However, Chubb's book value per share and tangible book value per share decreased by 2.1% and 2.2%, respectively, primarily due to significant after-tax net realized and unrealized losses in the investment portfolio and foreign currency losses. The company also faced a challenging situation due to the California wildfire disaster, estimating costs of $1.5 billion to support affected customers, which will impact first-quarter 2025 results. Despite these challenges, the company reported strong growth in premiums and investment income, indicating a solid operational foundation.
linkJan 28, 2025 16:22:27
Chubb Limited has reported impressive financial results for the third quarter of 2024, showcasing a significant increase in both net income and core operating income, which rose by 13.8% and 14.3% respectively. The company's net income reached $2.32 billion, translating to $5.70 per share, while core operating income was $2.33 billion, or $5.72 per share. This growth was supported by strong performance in property and casualty (P&C) underwriting and a notable increase in net investment income. The company's global P&C and life insurance premiums also saw healthy growth, with increases of 8.5% and 10.6% respectively in constant dollars, indicating robust demand across its insurance segments. Additionally, Chubb's book value per share and tangible book value per share experienced significant increases, reflecting favorable conditions in its investment portfolio and foreign currency gains.
Despite a challenging environment with industry-wide catastrophe losses, Chubb managed to maintain a solid combined ratio of 87.7% for P&C underwriting, showcasing its effective risk management strategies. However, the company did face a decline in agriculture net premiums due to lower commodity prices, which could be a concern moving forward. Overall, the results highlight Chubb's strong operational performance and its ability to navigate market challenges while continuing to deliver value to shareholders.
linkOct 29, 2024 16:21:56
Chubb Limited has made significant changes in its finance leadership, appointing George Ohsiek as Chief Accounting Officer, Annmarie Hagan as CFO of Operations & Technology and Transformation, and Mong-Diep “Dee” Le as Chief Auditor. These appointments reflect the company's commitment to strong financial leadership, as all three executives bring extensive experience and a deep understanding of Chubb's operations, having worked together for decades. Their new roles will enhance the company's financial reporting, regulatory compliance, and oversight of technology-related initiatives.
The transition comes as Chubb aims to strengthen its finance organization amidst evolving industry demands. While the appointments are seen positively, the company will need to ensure a smooth transition and maintain operational efficiency during this period. The announcement highlights the depth of talent within Chubb, but it also raises questions about the future direction of the finance team and how the new roles will impact the company's strategic initiatives.
linkAug 12, 2024 16:24:39
Chubb Limited announced impressive second-quarter results with net income rising 24.3% to $2.23 billion and core operating income up 7.5%. Premiums written increased 11.8%, driven by strong growth in both property and life insurance. Despite higher catastrophe losses affecting the combined ratio, underwriting performance remained strong. However, book value per share was negatively impacted by investment losses. Overall, Chubb's performance reflects robust global growth and a positive outlook for future earnings.
linkJul 23, 2024 16:21:02
Chubb Limited appoints new Executive Chairman, President, and Chief Operating Officer for its North America Insurance business. The company aims to strengthen its management team to drive future growth. The appointments, effective immediately, reflect the company's focus on the size and complexity of its North American operations. Chubb is a leading commercial insurer in the U.S. and emphasizes the experience and leadership of the newly appointed executives to support its ambitions for expansion.
linkJul 09, 2024 07:34:46
Chubb Limited's Q1 results show a 15.5% increase in net income and a 22.7% rise in core operating income. P&C premiums grew by 12.4%, while life insurance saw a 26.3% increase. The company's global P&C net premiums written rose by 13.3%. Chubb's P&C underwriting income increased by 15.4%, with a combined ratio of 86.0%. Additionally, the company's annualized return on equity was 14.3%. Chubb's Chairman praised the quarter's excellent performance, highlighting strong premium revenue growth and balanced earnings sources. North America and overseas markets also showed positive growth, with favorable underwriting environments and pricing.
linkApr 23, 2024 16:26:01
Chubb Limited reported record net income and core operating income for the fourth quarter and full year, with substantial growth in net premiums written, underwriting income, and investment income. The company achieved a record P&C combined ratio and strong performance in its life insurance segment. Book value per share and tangible book value per share also increased significantly. The CEO expressed satisfaction with the exceptional operational results.
linkJan 30, 2024 19:03:36
Chubb Limited reported third quarter net income and core operating income of $2.04 billion each, up 157.8% and 55.4% respectively, with consolidated net premiums written of $13.1 billion, up 9.1%, and a P&C combined ratio of 88.4%. For the nine months, net income was $5.73 billion, up 45.5%, and core operating income was a record $5.93 billion, up 24.7%. P&C net premiums written increased 8.4% in the quarter, and life insurance net premiums written increased 14.9%. The company also increased its ownership interest in Huatai Group to 69.6% and applied consolidation accounting beginning in the third quarter.
linkOct 24, 2023 16:22:00