uploads///CB and comp

How Chubb’s North American Commercial Property Segment Performed

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.

Article continues below advertisement

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
Advertisement

More From Market Realist

  • Businesswoman looking out a window
    Company & Industry Overviews
    Shifting Focus: Three Women Investing Funds in 2021
  • Aol logo on office building,
    Company & Industry Overviews
    What We Know About Apollo Global Management, New Owners of AOL and Yahoo
  • Chick-fil-A sign
    Company & Industry Overviews
    Why It Only Costs $10K to Own a Chick-fil-A Location
  • Beyond Meat Burger 3.0
    Company & Industry Overviews
    How Is Beyond Burger 3.0 Different and Will It Bring BYND Stock Up?
  • 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.