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Chubb Ltd (CB)
:CB
Holding CB?
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
5.45Last Year’s EPS
8.3Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -8.56%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant growth in core operating EPS, investment income, and global premiums. However, challenges in the London market and adverse development in long-tail lines were notable concerns. Overall, the positive financial results and growth metrics outweigh the challenges faced.Company Guidance
In the third quarter of 2024, Chubb Limited reported strong financial performance, driven by double-digit growth in both P&C underwriting and investment income, resulting in core operating EPS growth of over 15.5%. The company's global P&C premium revenue, excluding agriculture, increased by 7.6%, or 8.5% in constant dollars. Core operating income rose to $2.3 billion, up 14.3%, while net and operating income for the year increased by 16.9% and 13.8%, respectively. The published combined ratio for the quarter was 87.7, with P&C underwriting income of $1.5 billion, up 11.5%. Adjusted net investment income reached $1.6 billion, up 15.9%, with a fixed income portfolio yield of 4.9%. The Life Insurance segment income was $284 million, and the company is on pace to exceed its life division income target of $1 billion for the year. Global P&C net premiums increased 7.6%, with commercial premiums up 8.1% and consumer up 9.4%. Additionally, the company's invested assets stood at $151 billion, and its annualized core operating ROE for the quarter was 13.9%, with a return on intangible equity of 21.7%.Strong Core Operating EPS Growth
Core operating EPS growth of over 15.5%. Core operating income for the quarter was $2.3 billion, up 14.3%.
Record Levels of Earnings
Earnings for the year are currently at record levels with net and operating income up 16.9% and 13.8%, respectively.
Robust P&C Underwriting Income
P&C underwriting income of $1.5 billion, up over 11.5%. Combined ratio for the quarter was 87.7.
Investment Income Growth
Adjusted net investment income topped $1.6 billion, up 15.9%.
Positive Life Insurance Segment Performance
Life Insurance segment income of $284 million was ahead of plan. Premiums and deposits were up about 21% in constant dollar.
Global Premium Growth
Global P&C premium revenue grew 7.6%, or 8.5% in constant dollars. Life premiums grew 10.6% in constant dollar.
Strong International Performance
Asia Pacific led the way with premiums up 9.2%. Latin America grew over 7.5%, while Europe grew over 7%.
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CB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $286.25 | $282.70 | -1.24% |
| Jul 23, 2024 | $261.55 | $258.36 | -1.22% |
| Apr 23, 2024 | $247.41 | $240.61 | -2.75% |
| Jan 30, 2024 | $239.97 | $241.78 | +0.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chubb Ltd (CB) report earnings?
Chubb Ltd (CB) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Chubb Ltd (CB) earnings time?
Chubb Ltd (CB) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CB EPS forecast?
CB EPS forecast for the fiscal quarter 2024 (Q4) is 5.45.
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