Edition:
United States

Chubb Ltd (CB.N)

CB.N on New York Stock Exchange

147.00USD
16 Feb 2018
Change (% chg)

$-0.07 (-0.05%)
Prev Close
$147.07
Open
$146.70
Day's High
$148.08
Day's Low
$146.27
Volume
460,785
Avg. Vol
412,043
52-wk High
$157.50
52-wk Low
$133.83

Latest Key Developments (Source: Significant Developments)

Chubb Reports Q4 EPS $3.27
Tuesday, 30 Jan 2018 04:05pm EST 

Jan 30 (Reuters) - Chubb Ltd ::CHUBB REPORTS FOURTH QUARTER NET INCOME PER SHARE OF $3.27; CORE OPERATING INCOME PER SHARE WAS $3.17, UP 16.5 PCT; FULL-YEAR P&C NET PREMIUMS WRITTEN OF $27.1 BILLION, UP 4.2 PCT; BOOK VALUE AND TANGIBLE BOOK VALUE PER SHARE UP 6.5 PCT AND 8.6 PCT.Q4 CORE OPERATING EARNINGS PER SHARE $3.17.Q4 EARNINGS PER SHARE $3.27.Q4 EARNINGS PER SHARE VIEW $2.40 -- THOMSON REUTERS I/B/E/S.CONSOLIDATED AND P&C NET PREMIUMS WRITTEN WERE $7.1 BILLION AND $6.5 BILLION, RESPECTIVELY FOR THE QUARTER.FOURTH QUARTER P&C COMBINED RATIO WAS 90.7 PCT COMPARED WITH 87.8 PCT PRIOR YEAR‍​.Q4 NET INCOME OF $1,533 MILLION INCLUDED PROVISIONAL TAX BENEFIT OF $450 MILLION OR $0.96PER SHARE, RELATED TO 2017 U.S. TAX CUTS AND JOBS ACT.QTRLY BOOK VALUE PER SHARE IS UP 1.5 PCT FROM THE PRIOR QUARTER AND 6.5PCT FOR THE YEAR.FOREIGN CURRENCY MOVEMENT FAVORABLY IMPACTED PREMIUM GROWTH IN THE QUARTER BY 1.2 PCT.FOREIGN CURRENCY MOVEMENT IN QUARTER UNFAVORABLY IMPACTED BOOK VALUE BY $390 MILLION & TANGIBLE BOOK VALUE BY $190 MILLION.  Full Article

Chubb Estimates One-Time Benefit Of Over $250 Mln From New U.S. Tax Law
Tuesday, 26 Dec 2017 04:28pm EST 

Dec 26 (Reuters) - Chubb Ltd ::CHUBB ESTIMATES ONE-TIME BENEFIT FROM NEW U.S. TAX LAW IN EXCESS OF $250 MILLION.CHUBB LTD SAYS EXPECTS TO RECORD A ONE-TIME BENEFIT FROM NEW U.S. TAX LAW IN EXCESS OF $250 MILLION IN Q4 OF 2017.  Full Article

Chubb Limited Board Authorizes $1 Bln Share Repurchase
Thursday, 21 Dec 2017 04:05pm EST 

Dec 21 (Reuters) - Chubb Ltd ::CHUBB LIMITED BOARD AUTHORIZES $1 BILLION SHARE REPURCHASE PROGRAM.CHUBB LTD - COMPANY'S CURRENT SHARE REPURCHASE AUTHORIZATION EXPIRES DECEMBER 31, 2017.CHUBB LTD - AUTHORIZED UP TO $1 BILLION OF SHARE REPURCHASES THROUGH DECEMBER 31, 2018.  Full Article

Chubb Announces Preliminary Q4 Catastrophe Loss Estimates, Including California Wildfires, Of About $320 Mln Pre-Tax, Or $249 Mln After Tax
Wednesday, 29 Nov 2017 04:44pm EST 

Nov 29 (Reuters) - Chubb Ltd ::CHUBB ANNOUNCES PRELIMINARY FOURTH QUARTER CATASTROPHE LOSS ESTIMATES, INCLUDING CALIFORNIA WILDFIRES, OF APPROXIMATELY $320 MILLION PRE-TAX, OR $249 MILLION AFTER TAX.CHUBB LTD - INSURED LOSSES FOR CALIFORNIA WILDFIRES ARE CURRENTLY ESTIMATED AT APPROXIMATELY $280 MILLION PRE-TAX, OR $215 MILLION AFTER TAX FOR Q4.CHUBB LTD - ‍ALL OTHER NATURAL CATASTROPHE NET INSURED LOSSES TO DATE IN Q4 ARE ESTIMATED AT APPROXIMATELY $40 MILLION PRE-TAX, OR $34 MILLION AFTER TAX​.  Full Article

Chubb Ltd ‍Entered Into Strategic Cooperation Agreement With PICC Property & Casualty Co
Monday, 27 Nov 2017 09:00am EST 

Nov 27 (Reuters) - Chubb Ltd ::CHUBB LTD- ‍ENTERED INTO A STRATEGIC COOPERATION AGREEMENT WITH PICC PROPERTY & CASUALTY COMPANY OF CHINA​.CHUBB LTD- ‍STRATEGIC COOPERATION AGREEMENT HAS A TERM OF 10 YEARS​.  Full Article

Chubb says it creates small commercial division for SMEs in Asia Pacific
Tuesday, 14 Nov 2017 12:30am EST 

Nov 14 (Reuters) - Chubb Ltd -:CHUBB CREATES SMALL COMMERCIAL DIVISION FOR SMES IN ASIA PACIFIC.  Full Article

Chubb, on Oct 25, Chubb Ltd, Chubb Bermuda Insurance, among others, entered into amended, restated credit agreement
Monday, 30 Oct 2017 04:26pm EDT 

Oct 30 (Reuters) - Chubb Ltd ::Chubb ltd - ‍ on October 25, Chubb limited, Chubb Bermuda insurance, among others, entered into an amended and restated credit agreement - sec filing​.Chubb-Credit agreement is unsecured, provides for upto $1 billion availability, all of which may be used for issuance of letters of credit, revolving loans​.Chubb ltd - ‍subject to obtaining additional commitments, Chubb may increase availability under credit agreement by up to an additional $1.0 billion.Chubb ltd - ‍credit agreement amended and restated Chubb's prior $1.0 billion syndicated credit agreement, dated as of November 6, 2012​.Chubb ltd - ‍terms and conditions of credit agreement are substantially similar to provisions in prior credit agreement​.Chubb ltd - ‍credit agreement is scheduled to expire on October 25, 2022.  Full Article

Chubb reports Q3 operating loss $0.13/shr
Thursday, 26 Oct 2017 04:01pm EDT 

Oct 26 (Reuters) - Chubb Ltd :Chubb reports third quarter per share net loss and operating loss of $(0.15) and $(0.13), respectively, including catastrophe losses of $3.27 per share, in line with midpoint of preannounced estimates.Q3 operating loss per share $0.13.Q3 loss per share $0.15.Q3 earnings per share view $-0.24 -- Thomson Reuters I/B/E/S.Chubb Ltd qtrly ‍net premiums written $7,902 million versus $7,573 million ​.Chubb Ltd - ‍pre-tax catastrophe losses, net of reinsurance and including reinstatement premiums, were $1,893 million in quarter​.  Full Article

Chubb provides net insurance and net reinsurance loss estimates for Hurricane Maria & Mexican earthquakes
Monday, 2 Oct 2017 08:00am EDT 

Oct 2 (Reuters) - Chubb Ltd :Chubb estimates maximum net insurance and net reinsurance losses for Hurricane Maria of $220 million pre-tax, or approximately $200 million after tax; net loss estimate for Mexican earthquakes is $25 million pre-tax, or approximately $24 million after tax.Chubb - ‍natural catastrophe net insured losses in q3, other than those previously announced for Harvey, Irma, estimated at about $107 million pre-tax​.Chubb - ‍natural catastrophe net insured losses in q3, other than those previously announced for Harvey, Irma, estimated at about $86 million after tax​.  Full Article

Chubb announces preliminary loss estimates for Hurricanes Harvey and Irma
Wednesday, 27 Sep 2017 04:04pm EDT 

Sept 27 (Reuters) - Chubb Ltd :Chubb announces preliminary loss estimates for hurricanes Harvey and Irma.Chubb Ltd - ‍insured losses for Hurricane Harvey are currently estimated at approximately $650 million pre-tax, or $520 million after tax.Chubb Ltd - ‍losses for Hurricane Irma are currently estimated to range from $800 million to $950 million pre-tax, or $640 million to $760 million after tax.​.Chubb Ltd - announced ‍preliminary loss estimates in Q3 of 2017 attributable to Hurricanes Harvey and Irma​.  Full Article

MOVES-Insurer Chubb names Michael Smith as chief claims officer

Feb 5 Property and casualty insurer Chubb Ltd on Monday named Michael Smith chief claims officer, effective immediately.