NYSE$CB

Chubb Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Chubb's Q4 2021 earnings were reported, showcasing record core operating income and strong commercial lines growth.

Chubb reported a strong fourth quarter with record core operating income and underwriting results. Net income was $2.14 billion, or $4.95 per share, and core operating income was $1.65 billion, or $3.81 per share. The P&C combined ratio was 85.5%.

  • Fourth quarter net income was $2.14 billion and core operating income was a record $1.65 billion.
  • Fourth quarter P&C underwriting income was a record $1.27 billion, up 30.7%.
  • Fourth quarter consolidated net premiums written were up 8.8%.
  • The company entered into agreements with several shareholders to purchase additional ownership interests in Huatai Group, bringing Chubb’s total aggregate ownership to 86.1%.

Headline financials

Total Revenue

$8.52B

Previous: $7.77B+9.6%
EPS (adj)

$3.81

Previous: $3.18+19.8%
P&C Combined Ratio

85.5%

Previous: 87.6%-2.4%
Net Income

$2.14B

Previous: $2.42B-11.5%
Operating Income

$1.65B

Previous: $1.44B+14.5%
Gross Profit

$10.5B

Previous: $9.9B+5.9%
Cash & Equivalents

$1.66B

Previous: $1.75B-5.0%
Total Assets

$200B

Previous: $191B+4.9%

Revenue & EPS history

Chubb · Revenue · Quarterly

$8.52B

Q4 2021+9.6%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Chubb · $4.66B total across 2 segments · Q3 2023

  • Overseas General
    $3.21B+21.4%
  • Life Insurance
    $1.45B+14.1%

Forward guidance

Chubb anticipates benefiting from the acquisition of Cigna’s Asia business and increased ownership of Huatai Group, expecting a good year in terms of growth and margin improvement.

Tailwinds

  • Continued strong organic performance.
  • Benefit from greater revenue and earnings from the acquisition of Cigna’s Asia business.
  • Benefit from increased ownership of Huatai Group in China when approved by the regulator.
  • Strong wealth creation.
  • Expects a good year in terms of growth and margin improvement.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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