Division’s income

Chubb Limited’s (CB) North America Commercial Property and Casualty Insurance division saw a rise in its income from ~$1.6 billion in 1H16 to ~$1.9 billion in 1H17, implying a 15.4% increase.

This increase was mostly due to an increase in the division’s underwriting income from $734.0 million in 1H16 to $921.0 million in 1H17, reflecting a 25.5% increase.

Behind Chubb’s North America Commercial Insurance

The rise in CB’s underwriting income was mostly due to the increase in the division’s net premiums written in 1H17 compared to 1H16. The division reported net premiums written of ~$5.9 billion in 1H17 compared to ~$5.5 billion in 1H16, reflecting a 7.2% rise.

The increase in the net premiums written was due to the exclusion of 14 days’ worth of production revenues in 1H16. Chubb Corporation completed an acquisition on January 14, 2016.

Chubb’s North America Commercial Property and Casualty Insurance division saw an 8.3% increase in its net investment income in 1H17 compared to 1H16. In 1H17, the division generated net investment income of $968.0 million compared to $894.0 million in 1H16.

The company’s North America Commercial Property and Casualty Insurance division reported a marginal decline in its policy acquisition cost ratio from 17.0% in 1H16 to 15.5% in 1H17.

Revenue per share

Chubb Limited (CB) reported revenue per share of $68.96 on a trailing-12-month (or TTM) basis. Its peers in the insurance (IYF) industry reported the following revenue per share readings on a TTM basis:

  • Allstate (ALL): $102.18
  • RenaissanceRe Holdings Limited (RNR): $43.99
  • Everest Re Group (RE): $150.96

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