Chubb experiences Q3 2023 outcomes

Chubb experiences Q3 2023 outcomes | Insurance coverage Enterprise America

Quarterly numbers contribute to report 9 months

Chubb reports Q3 2023 results

Insurance coverage Information

Terry Gangcuangco

Chubb Restricted’s efficiency within the third quarter of 2023 has fashioned a part of a report 9 months.

In line with the insurer, right here’s the way it fared within the interval ended September 30:


Q3 2023

Q3 2022

9M 2023

9M 2022

Web revenue

$2.04 billion

$792 million

$5.73 billion

$3.94 billion

Cigna integration bills and different, internet of tax

$12 million

$17 million

$42 million

$33 million

Core working revenue, internet of tax

$2.04 billion

$1.31 billion

$5.93 billion (a report)

$4.76 billion


The corporate’s internet premiums written in Q3 grew 9.1%. Of this consolidated end result, property & casualty, international P&C (excludes agriculture), and life insurance coverage all posted progress. Underwriting revenue for each P&C and international P&C elevated as effectively, as did the phase revenue for all times insurance coverage.

“We had one other excellent quarter which contributed to a report 9 months,” Chubb chair and chief government Evan G. Greenberg mentioned in a launch.

“Our efficiency within the quarter included double-digit international P&C premium income progress, world-class P&C underwriting outcomes, report internet funding revenue, and powerful life working revenue. Over $2 billion of core working revenue led to per-share earnings progress of 58.1% for the quarter and 27.5% for the yr.”

The CEO added that his camp is assured in Chubb’s capability to proceed rising income and working earnings.

What do you consider this story? Share your ideas within the feedback beneath.

Associated Tales

Leave a Reply

Your email address will not be published. Required fields are marked *