Chubb’s Q4 Net Income Nosedives; Investment Returns Surge, Premium Revenue Grows

February 5, 2019

Chubb’s 2018 fourth quarter was a mixed bag, with a surge in catastrophe losses, but a growth in premium revenue, better global P/C pricing and record net investment income.

The insurer booked $355 million in net income, or $0.76 per diluted share, compared to more than $1.5 billion in net income, or $3.27 per diluted share over Q4 2017.

While Chubb’s Q4 P/C combined ratio was a healthy 93.1, it compares to a 90.7 combined ratio over the same, year-ago period.

“Chubb performed well in a quarter marked by elevated natural catastrophe losses, on the one hand, and stronger premium revenue growth, improved commercial P&C pricing globally and record net investment income, on the other,” Chubb Chairman and CEO Evan Greenberg said in prepared remarks.

Greenberg also argued that the company’s full-year 2018 results were solid, considering “the natural quarter-to-quarter volatility of the risk business.”

For the year, Chubb booked more than $3.9 billion in net income, up 2.6 percent from the $3.86 billion produced during 2018.

Here are additional highlights of Q4 and full-year 2018 results:

Source: Chubb