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How Chubb’s North American Commercial Property Segment Performed

Raymond Anderson - Author
By

Sep. 5 2017, Updated 5:35 p.m. ET

Net premiums written

Chubb’s (CB) North America Commercial Property and Casualty Insurance division witnessed a marginal fall in its net premiums written in 2Q17 as compared to 2Q16. In 2Q17, net premiums written in the company’s North America Commercial P&C Insurance division stood at $3.2 billion, and in 2Q16, it stood at $3.2 billion, thus reflecting a marginal fall of 1.3%. This marginal fall was a result of underwriting actions in relation to the merger activity.

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In 2Q17, losses and loss expenses of Chubb Limited stood at $1.93 billion as compared to $1.97 billion in 2Q16, a marginal decline of 1.8%. In 2Q17, the company witnessed a substantial decline of 14.9% in its policy acquisition costs as compared to 2Q16. In 2Q17, the policy acquisition costs stood at $464 million. In 2Q16, these costs stood at $545 million.

In terms of administrative expenses, Chubb Limited witnessed a substantial fall of 19.4% in 2Q17 as compared to 2Q16. In 2Q17, administrative expenses stood at $241 million. In 2Q16, these expenses stood at $299 million.

Expected operating profit

In 2017, Chubb Limited (CB) is expected to post operating profit of $5.8 billion. Other insurance companies (IYF) are expected to post operating profit in 2017 as follows:

  • American International Group (AIG): $2.7 billion
  • Prudential Financial (PRU): $5.9 billion
  • Allstate (ALL): $3.4 billion
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