Record P&C Underwriting Income
Chubb achieved record P&C underwriting income with a combined ratio of 85.7, contributing to a core operating income of $2.5 billion for the quarter.
Investment Income Growth
Adjusted net investment income increased by 19.3% to $6.4 billion for the year, with a quarterly record of $1.7 billion, up 13.7%.
Global P&C and Life Premium Growth
Global P&C premium revenue grew 9.9% and life premiums increased by 18.5% in constant dollars for the year.
Strong Shareholder Returns
Core operating ROE was approximately 14% and return on tangible equity was 21.6%. Book and tangible book value grew 8.8% and 14.1%, respectively.
Significant Growth in International Life Business
Premiums and deposits in the international life business increased over 26% in constant dollars.
Resilient North America and International Operations
North America P&C premiums grew 6.3% excluding agriculture, while international general insurance operations saw a 7.7% increase in retail business premiums.