MarketPR
Core operating income per share at Chubb (CB) rose 18.2% in the second quarter to $7.26, with consolidated net premiums written of $14.7 billion, up 3.6%. Per-share net income for the quarter was $7.30.
The P&C combined ratio printed at 83.8%. Total earnings and the premium count Net income on an absolute basis came in at $2.85 billion, against $2.97 billion in the prior-year period.
Core operating income totaled $2.84 billion, a 14.6% increase. Property and casualty net premiums written reached $12.77 billion, up 3.0%, with life insurance premiums expanding at a faster 7.5%.
One number worth separating: P&C growth at 6.3% once large account and excess-and-surplus property business is excluded from the comparison.
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