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.
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: