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How CB’s North America Personal Property Insurance Segment Performed

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Sep. 6 2017, Updated 7:37 a.m. ET

Increase in net premiums written

Chubb Limited (CB) has witnessed a rise of 2.0% in its net premiums written in 2Q17 as compared to 2Q16. In 2Q17, net premiums written stood at $1.25 billion, and in 2Q16, net premiums written stood at $1.23 billion. The company reported losses and loss expenses amounting to $683 million in 2Q17 as compared to $661 million in 2Q16, a rise of 3.3%.

Chubb’s North America Personal Property and Casualty Insurance division managed to generate income of $164 million in 2Q17 as compared to $160 million in 2Q16, a rise of 2.5%. This increase was mainly a result of the rise seen in underwriting income and net investment income in 2Q17 as compared to 2Q16.

Chubb Limited has seen a substantial decline of 14.5% in its policy acquisition costs in 2Q17 as compared to 2Q16. In 2Q17, the company’s policy acquisition costs stood at $230 million and in 2Q16, these costs stood at $269 million.

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Expected EBITDA

Chubb Limited (CB) is expected to report earnings before interest, tax, depreciation, and amortization (or EBITDA) of $6.8 billion in 2017. However, other insurance players (IYF) are expected to post the following EBITDA numbers in 2017:

  • American International Group (AIG): $8.2 billion
  • MetLife (MET): $7.9 billion
  • Allstate (ALL): $4.1 billion
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