X
<

How Chubb Fared in 2Q17

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

How Chubb’s North American Commercial Property Segment Performed

Net premiums written

Chubb’s (CB) North America Commercial Property and Casualty Insurance division witnessed a marginal fall in its net premiums written in 2Q17 as compared to 2Q16. In 2Q17, net premiums written in the company’s North America Commercial P&C Insurance division stood at $3.2 billion, and in 2Q16, it stood at $3.2 billion, thus reflecting a marginal fall of 1.3%. This marginal fall was a result of underwriting actions in relation to the merger activity.

How Chubb&#8217;s North American Commercial Property Segment Performed

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.

In 2Q17, losses and loss expenses of Chubb Limited stood at $1.93 billion as compared to $1.97 billion in 2Q16, a marginal decline of 1.8%. In 2Q17, the company witnessed a substantial decline of 14.9% in its policy acquisition costs as compared to 2Q16. In 2Q17, the policy acquisition costs stood at $464 million. In 2Q16, these costs stood at $545 million.

In terms of administrative expenses, Chubb Limited witnessed a substantial fall of 19.4% in 2Q17 as compared to 2Q16. In 2Q17, administrative expenses stood at $241 million. In 2Q16, these expenses stood at $299 million.

Expected operating profit

In 2017, Chubb Limited (CB) is expected to post operating profit of $5.8 billion. Other insurance companies (IYF) are expected to post operating profit in 2017 as follows:

  • American International Group (AIG): $2.7 billion
  • Prudential Financial (PRU): $5.9 billion
  • Allstate (ALL): $3.4 billion
X

Please select a profession that best describes you: