uploads///CB and comp

How Chubb’s Overseas General Insurance Division Performed

By

Sep. 7 2017, Updated 7:36 a.m. ET

Falling net premiums written

Chubb’s (CB) Overseas General Insurance division saw a decline in its net premiums to $2.01 billion in 2Q17 as compared to $2.03 billion in 2Q16, a decline of 1.2%. This marginal decline was mainly a result of underwriting actions in relation to merger activity. However, strong growth has come from the division’s property and casualty and personal lines business.

The overseas general insurance division witnessed an increase in its income in 2Q17 and stood at $396 million as compared to $329 million in 2Q16, thus representing an increase of 20.4%. This increase was mainly due to a substantial rise of 34.7% in the division’s underwriting income. In 2Q17, the underwriting income of the overseas general insurance division stood at $256 million. In 2Q16, the underwriting income stood at $190 million.

However, the company’s overseas general insurance division’s policy acquisition costs increased in 2Q17 as compared to 2Q16. In 2Q17, policy acquisition costs stood at $555 million. In 2Q16, these costs stood at $537 million, reflecting a rise of 3.4%.

Article continues below advertisement

Diluted EPS

On a trailing-12-month (or TTM) basis, Chubb (CB) had diluted earnings per share (or EPS) of $10.15. The diluted EPS of other insurance players (IYF) on a TTM basis are as follows:

  • American International Group (AIG): $0.49
  • MetLife (MET): -$0.62
  • Allstate (ALL): $5.90
Advertisement

More From Market Realist

  • Bitski art and logo
    Company & Industry Overviews
    NFT Platform Provider Bitski Isn’t Publicly Traded
  • who are palantir customers
    Company & Industry Overviews
    Palantir Customers Are Large Defense and Commercial Institutions
  • Grain trucks waiting to be loaded and Archer Daniels logo
    Company & Industry Overviews
    Archer Daniels Stock Is a Buy Amid Price Dip and Big Announcement
  • SemiLEDS logo over LED lighting
    Company & Industry Overviews
    There's Still Time to Get in on SemiLEDS (LEDS) Stock
  • 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.