X
<

How Chubb Fared in 2Q17

PART:
1 2 3 4 5 6 7 8
How Chubb Fared in 2Q17 PART 1 OF 8

Chubb Beat EPS Estimates but Missed Revenue Estimates

EPS and revenue estimates

Chubb Limited (CB) reported earnings per share (or EPS) of $2.50 in 2Q17, which beat Wall Street analyst estimates of $2.47, mainly due to Chubb’s strong investment income and underwriting results. However, the company reported revenues of $7.06 billion in 2Q17 and missed the Wall Street analyst estimate of $7.12 billion. Other insurance companies (IYF) have posted the following revenues in 2Q17:

  • Prudential Financial (PRU): $1 million, which missed estimates
  • MetLife (MET): $17.4 billion, which beat estimates
  • Allstate (ALL): $8.02 billion, which beat estimates

Chubb Beat EPS Estimates but Missed Revenue Estimates

Interested in AIG? Don't miss the next report.

Receive e-mail alerts for new research on AIG

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

The company has managed to report net income of $1.3 billion in 2Q17, thus reflecting the substantial rise of 79.6% from the net income posted in 2Q16. In 2Q17, Chubb has managed to report operating income on the post-tax basis of $1.2 billion, thus reflecting the substantial rise of 11.4% on a YoY basis. However, considering the period between January 2017 and June 2017, the company has managed to generate operating income on a post-tax basis of $2.4 billion.

Expected net income

Chubb Limited (CB) is expected to report net income amounting to $1.2 billion in 3Q17. On the other hand, its peers are expected to report the following net income figures in 3Q17:

  • American International Group (AIG): $1.1 billion
  • MetLife (MET): $1.2 billion
  • Allstate (ALL): $0.55 billion
X

Please select a profession that best describes you: