- Core operating income was $1.1 billion compared with a loss of $(60) million prior year. Core operating income excluding catastrophe losses was $1.5 billion, or $3.21 per share, up 2.9% per share. On a current accident year basis, core operating income excluding catastrophe losses was $2.82 per share, up 5.2%.
- P&C net premiums written were $7.5 billion and Global P&C net premiums written, which exclude Agriculture, were $6.7 billion, up 2.5% and 3.5%, respectively, and up 2.8% and 3.9%, respectively, on a constant-dollar basis. Excluding merger-related actions, which are substantially completed, Global P&C net premiums written were up 4.4% in constant dollars.
- P&C underwriting income was $669 million. P&C current accident year underwriting income excluding catastrophe losses was $876 million, up 4.3%.
- P&C current accident year combined ratio excluding catastrophe losses was 88.2% compared with 88.5% prior year.
- Pre-tax catastrophe losses in the quarter were $450 million compared with $1,893 million prior year and $341 million on an expected basis for the third quarter 2018.
- Adjusted net investment income was $883 million pre-tax.
- Annualized ROE and core operating ROE were 9.7% and 8.7%, respectively.
Chubb Reports Third Quarter Net Income Per Share and Core Operating Income Per Share of $2.64 and $2.41, Respectively, Including Catastrophe Losses of $0.80 Per Share; P&C Combined Ratio of 90.9%, or 84.8% Excluding Catastrophes - Oct 23, 2018
