Connect with us
Financial Press


Dow Jones Newswires: Chubb Q3 profit rises, helped by strong premium revenue growth

Chubb Ltd. said Tuesday its profit rose in the third quarter, helped by strong premium revenue growth and underwriting results.

The insurance company

reported net income of $1.83 billion, up from $1.19 billion in the third quarter of 2020. Earnings per share rose to $4.18 from $2.63 and core operating income per share increased to $2.64 from $2 a year ago.

Chubb said consolidated net premiums written rose 15.8% in the three months through September compared with a year earlier. Property and casualty net premiums written rose nearly 17% in the period, the company’s strongest organic growth since 2004, according to Chief Executive Evan G. Greenberg.

Chubb had underwriting income of $617 million in the quarter, up 58% from a year earlier, despite $1.1 billion of catastrophe losses, Mr. Greenberg said.

Write to Jeffrey T. Lewis at

Click to comment

Leave a Reply

Your email address will not be published.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

Related Articles


There was blood on the floor across U.S. stocks on Friday, but for meme stocks only a frantic last hour of buying prevented social...


A pair of Iranian hackers have been charged with breaking into a Missouri tech firm’s cloud-computing account and running up a $760,000 bill while...


DocuSign Inc. emerged as a hot pandemic stock play last year as it benefited from the need for digital contract tools, but the company...


Shares of Adobe Inc. sank to their worst performance in more than 20 months Friday, after DocuSign Inc. delivered what some saw as a...