NYSE$CB
Chubb Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Chubb's Q1 2023 performance was marked by record core operating income and double-digit premium revenue growth.
Chubb Limited reported a strong first quarter with net income of $1.89 billion and a record core operating income of $1.84 billion. The company experienced double-digit growth in core operating earnings and premium revenue, driven by strong performances in P&C and Life Insurance segments. The combined ratio was 86.3%, and adjusted net investment income reached a record $1.2 billion.
- Record core operating income of $1.84 billion, up 11.8% year-over-year.
- Net premiums written increased by 16.6%, or 18.3% in constant dollars.
- P&C combined ratio was 86.3%, with an underlying current accident year combined ratio of 83.4% excluding catastrophe losses.
- Life Insurance net premiums written increased by 124.4%, driven by growth in Asia and the acquisition of the Cigna Asian business.
Headline financials
Revenue & EPS history
Chubb · Revenue · Quarterly
$11.1B
Revenue by segment
Chubb · $10.4B total across 3 segments · Q1 2023
- NA P&C$5.88B+11.3%56.3%
- Overseas General$3.26B+6.0%31.3%
- Life Insurance$1.29B+120.6%12.4%
Forward guidance
Chubb is confident in its ability to continue growing revenue and operating earnings, which in turn drive EPS, through the three engines of P&C underwriting income, investment income, and life income.
Tailwinds
- Strong start to the year with good momentum heading into the second quarter.
- Fundamentals for the business are excellent.
- Confident in the ability to continue growing revenue.
- Confident in the ability to continue growing operating earnings.
- Confident in the ability to continue driving EPS.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.4%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.2%
Avg return
30 days after
55%
40 / 73 earnings
Positive
+7.9%
Q4 2019
Best reaction
-7.3%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.7% | -1.4% | -0.4% | |
| Q4 2025 | +5.1% | +4.1% | +4.7% | |
| Q3 2025 | +2.7% | +4.6% | +10.8% | |
| Q2 2025 | +1.0% | +0.5% | +2.7% | |
| Q1 2025 | -2.2% | -2.8% | -1.5% | |
| Q4 2024 | +1.3% | +0.6% | +4.9% | |
| Q3 2024 | -2.2% | -4.3% | +0.1% | |
| Q2 2024 | -0.8% | +3.1% | +4.1% | |
| Q1 2024 | -3.4% | -2.4% | +4.6% | |
| Q4 2023 | +0.9% | +1.6% | +3.7% | |
| Q3 2023 | +4.4% | +1.0% | +9.8% | |
| Q2 2023 | +2.7% | +2.7% | +0.3% | |
| Q1 2023 | -1.1% | +0.5% | -5.0% | |
| Q4 2022 | -5.6% | -7.2% | -7.8% | |
| Q3 2022 | +0.4% | +5.5% | +5.3% | |
| Q2 2022 | -0.1% | +0.8% | +5.5% | |
| Q1 2022 | +1.6% | -0.4% | +0.2% | |
| Q4 2021 | +5.2% | +4.7% | +4.4% | |
| Q3 2021 | +1.2% | +3.9% | +1.2% | |
| Q2 2021 | -1.3% | +0.4% | +9.6% | |
| Q1 2021 | -1.2% | +3.3% | +2.0% | |
| Q4 2020 | +4.9% | +9.8% | +12.1% | |
| Q3 2020 | +1.1% | +3.1% | +21.1% | |
| Q2 2020 | -0.3% | -3.9% | -3.5% | |
| Q1 2020 | -7.3% | -9.3% | -1.4% | |
| Q4 2019 | +7.9% | +6.2% | -5.4% | |
| Q3 2019 | +3.5% | +1.5% | +2.6% | |
| Q2 2019 | +2.6% | +3.5% | +5.0% | |
| Q1 2019 | +0.4% | +1.0% | +1.5% | |
| Q4 2018 | -3.0% | -2.7% | -0.9% | |
| Q3 2018 | -1.7% | -2.9% | +4.1% | |
| Q2 2018 | +1.3% | +2.9% | -0.5% | |
| Q1 2018 | -0.7% | -0.7% | -3.5% | |
| Q4 2017 | +1.3% | -0.6% | -9.3% | |
| Q3 2017 | -0.9% | -2.2% | -3.4% | |
| Q2 2017 | -2.0% | -1.0% | -2.8% | |
| Q1 2017 | +1.6% | +0.3% | +4.4% | |
| Q4 2016 | -2.5% | -0.3% | +5.1% | |
| Q3 2016 | +3.9% | +4.3% | +3.6% | |
| Q2 2016 | -0.6% | -2.1% | -1.5% | |
| Q1 2016 | +3.6% | — | — | |
| Q4 2015 | +0.1% | — | — | |
| Q3 2015 | +3.7% | — | — | |
| Q2 2015 | -0.1% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q4 2014 | -1.2% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q2 2014 | -0.9% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | -0.2% | — | — | |
| Q3 2013 | -0.2% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | +2.0% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q2 2012 | +1.7% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q4 2011 | -0.7% | — | — | |
| Q3 2011 | +0.3% | — | — | |
| Q2 2011 | -5.5% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q3 2010 | -2.7% | — | — | |
| Q2 2010 | +0.9% | — | — | |
| Q1 2010 | +1.8% | — | — | |
| Q1 2009 | +1.8% | — | — | |
| Q4 2007 | -0.7% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q3 2008 | +2.0% | — | — | |
| Q3 2009 | +2.0% | — | — | |
| Q2 2008 | -1.3% | — | — | |
| Q4 2008 | -1.3% | — | — | |
| Q2 2009 | -1.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro