Financials
Insurance - Property & Casualty
$111.29B
40K
Key insights and themes extracted from this filing
Net income attributable to Chubb decreased from $2,143 million to $1,331 million, primarily due to higher catastrophe losses. This represents a significant decline in profitability.
Net premiums written increased from $12,221 million to $12,646 million, indicating continued growth in the insurance business. The increase was even higher at 5.7% when measured in constant dollars.
The P&C combined ratio increased from 86.0% to 95.7%, reflecting higher catastrophe losses. This indicates a decrease in underwriting profitability.