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How CB’s North America Agricultural Insurance Division Fared

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Chubb’s North America Agricultural Insurance division income

Chubb’s (CB) North America Agricultural Insurance division witnessed a rise of 7.7% in its net premiums written in 2Q17 as compared to 2Q16. In 2Q17, the North America Agricultural Insurance division managed to report net premiums written amounting to $403 million, and in 2Q16, this division reported net premiums written amounting to $375 million.

In 2Q17, the North America Agricultural Insurance division witnessed a substantial increase of 90.9% in its income as compared to 2Q16. In 2Q17, the division managed to report income of $21 million, and in 2Q16, the division reported income of $11 million. This rise was primarily due to the higher net investment income and underwriting income witnessed in 2Q17 as compared to 2Q16.

In 2Q17, the underwriting income of the company’s North America Agricultural Insurance division stood at $23 million as compared to $14 million in 2Q16, a rise of 64.3%. In 2Q17, the division managed to report net investment income of $6 million as compared to $5 million in 2Q16, a rise of 20%.

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Total underwriting profit

Chubb Limited (CB) posted total underwriting profit of $787 million as of June 30, 2017. Other insurance players (IYF) posted the following numbers on total underwriting profit as of June 30, 2017:

  • American International Group (AIG): $149 million
  • Berkshire Hathaway (BRK.A): -$24 million
  • Allstate (ALL): $227 million
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