NYSE$CB
Chubb Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Chubb's first quarter results for 2024 showed strong growth and profitability.
Chubb reported a strong first quarter with net income of $2.14 billion and core operating income of $2.22 billion, representing increases of 13.3% and 20.3%, respectively. The company experienced double-digit growth in premiums written across various segments and geographies, driven by strong underwriting income and investment income.
- Net income increased by 13.3% to $2.14 billion, or $5.23 per share.
- Core operating income rose by 20.3% to $2.22 billion, or $5.41 per share.
- Consolidated net premiums written grew by 14.1% to $12.2 billion, with P&C up 12.4% and Life Insurance up 26.3%.
- The P&C combined ratio was 86.0%, reflecting strong underwriting performance.
Headline financials
Revenue & EPS history
Chubb · Revenue · Quarterly
$12.9B
Revenue by segment
Chubb · $4.66B total across 2 segments · Q3 2023
- Overseas General$3.21B+21.4%68.9%
- Life Insurance$1.45B+14.1%31.1%
Forward guidance
Chubb is confident in its ability to continue growing operating earnings at a rapid pace through P&C revenue growth and underwriting margins, investment income, and life income.
Tailwinds
- P&C underwriting environment in North America is favorable.
- Pricing exceeding loss costs.
- Best rates and pricing overall in the last four to five quarters.
- Strong performance in Overseas General division.
- Retail commercial P&C lines pricing across our international business was favorable.
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 2024
+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% | — | — |
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