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Chubb Beat EPS Estimates but Missed Revenue Estimates


Sep. 5 2017, Updated 4:15 p.m. ET

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

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.

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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

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