uploads///CB and comp

How Chubb’s Life Insurance Division Fared

By

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%.

Article continues below advertisement

Enterprise value

Chubb has an enterprise value (or EV) of $78.7 billion. On the other hand, the enterprise values of other insurance companies (IYF) are as follows:

  • American International Group (AIG): $87.0 billion
  • MetLife (MET): $72.9 billion
  • Allstate (ALL): $40.7 billion
Advertisement

More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.