
How Chubb’s Life Insurance Division Fared
Sep. 7 2017, Updated 9:06 a.m. ET
Losses and loss expenses
Chubb’s (CB) life insurance division posted net premiums written amounting to $523 million in 2Q17 as compared to $527 million in 2Q16, a decline of 0.7%. The company’s life insurance division witnessed an increase in its losses and loss expenses in 2Q17 as compared to 2Q16. In 2Q17, losses and loss expenses stood at $182 million as compared to $147 million in 2Q16, a rise of 23.8%.
Chubb’s life insurance division witnessed a substantial decline in its income in 2Q17 as compared to 2Q16. This division has reported income amounting to $52 million in 2Q17 and $74 million in 2Q16, a decline of 29.7%. This substantial decline in the division’s income was mainly the result of a fall in the division’s underwriting income in 2Q17 as compared to 2Q16. In 2Q17, the division’s underwriting income stood at $56 million. In 2Q16, the underwriting income stood at $77 million, a decline of 27.3%.