| Chubb Limited Third Quarter Summary (in millions of U.S. dollars, except per share amounts and ratios) (Unaudited) | |||||||
| (Per Share) | |||||||
| 2024 | 2023 | Change | 2024 | 2023 | Change | ||
| Net income | $2,324 | $2,043 | 13.8 % | $5.70 | $4.95 | 15.2 % | |
| Adjusted net realized (gains) losses and other, net of tax | (220) | (34) | NM | (0.54) | (0.08) | NM | |
| Market risk benefits (gains) losses, net of tax | 230 | 32 | NM | 0.56 | 0.08 | NM | |
| Core operating income, net of tax | $2,334 | $2,041 | 14.3 % | $5.72 | $4.95 | 15.6 % | |
| Annualized return on equity (ROE) | 14.7 % | 15.5 % | |||||
| Core operating return on tangible equity (ROTE) | 21.7 % | 21.2 % | |||||
| Core operating ROE | 13.9 % | 13.5 % | |||||
| Chubb Limited Nine Months Ended Summary (in millions of U.S. dollars, except per share amounts and ratios) (Unaudited) | |||||||
| (Per Share) | |||||||
| 2024 | 2023 | Change | 2024 | 2023 | Change | ||
| Net income | $6,697 | $5,728 | 16.9 % | $16.38 | $13.79 | 18.8 % | |
| Adjusted net realized (gains) losses and other, net of tax | (189) | 45 | NM | (0.46) | 0.11 | NM | |
| Market risk benefits (gains) losses, net of tax | 238 | 154 | 54.5 % | 0.58 | 0.37 | 56.8 % | |
| Core operating income, net of tax | $6,746 | $5,927 | 13.8 % | $16.50 | $14.27 | 15.6 % | |
| Annualized return on equity (ROE) | 14.3 % | 14.8 % | |||||
| Core operating return on tangible equity (ROTE) | 21.5 % | 21.1 % | |||||
| Core operating ROE | 13.6 % | 13.3 % | |||||
- Net income was USD 2.32 billion, up 13.8%, and core operating income was USD 2.33 billion, up 14.3%. For the nine months, net income and core operating income were a record USD 6.70 billion and USD 6.75 billion, up 16.9% and 13.8%, respectively. On a per share basis, year-to-date net income and core operating income of USD 16.38 and USD 16.50 were records and up 18.8% and 15.6%.
- Consolidated net premiums written were up 5.5%, or 6.6% in constant dollars.
- P&C net premiums written were up 5.4%, or 6.1% in constant dollars.
- Global P&C net premiums written, which excludes Agriculture, were up 7.6%, or 8.5% in constant dollars, with commercial insurance up 8.1% and consumer insurance up 9.4%. North America was up 7.8%, including growth of 10.0% in personal insurance and 7.2% in commercial insurance, with P&C lines up 9.9% and financial lines down 5.1%. Overseas General was up 4.9%, or 7.5% in constant dollars, with growth of 8.5% in consumer insurance and 6.7% in commercial insurance; Asia-Pacific, Latin America, and Europe were up 9.2%, 7.7%, and 7.1%.
- Agriculture net premiums written were down 9.3% due to lower commodity prices while our market share grew.
- P&C underwriting income was USD 1.46 billion, up 11.7%, with a combined ratio of 87.7%. P&C current accident year underwriting income excluding catastrophe losses was a record USD 1.98 billion, up 11.5%, with a combined ratio of 83.4%. For the nine months, P&C underwriting income was USD 4.28 billion, up 8.4%, and USD 5.41 billion, up 11.0%, on a current accident year excluding catastrophe losses basis, leading to a combined ratio of 83.4%.
- Pre-tax catastrophe losses were USD 765 million, including USD 250 million from Hurricane Helene, compared with USD 670 million last year.
- Pre-tax net investment income was USD 1.51 billion, up 14.7%, and adjusted net investment income was USD 1.64 billion, up 15.9%. Both were records.
- Life Insurance net premiums written were USD 1.55 billion, up 6.8%, or 10.6% in constant dollars, and segment income was USD 284 million, up 2.3% in constant dollars, with International Life up 9.1%. Life Insurance net premiums written and deposits collected were USD 2.14 billion, up 16.1%, or 19.9% in constant dollars.
- Annualized return on equity (ROE) was 14.7%. Annualized core operating return on tangible equity (ROTE) was 21.7% and annualized core operating ROE was 13.9%.
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