Exhibit 99.1

 

LOGO   

Chubb Limited

Bärengasse 32

CH-8001 Zurich

Switzerland

  

www.chubb.com

@Chubb

News Release

Chubb Reports Fourth Quarter Net Income Per Share of $2.57 versus

$0.76 Prior Year, and Core Operating Income Per Share of $2.28 versus

$2.02 Prior Year; Consolidated Net Premiums Written of $8.0 Billion, up

8.8%, or 9.6% in Constant Dollars

Full-Year Net Income Per Share was $9.71, up 14.4%, and Core

Operating Income Per Share was $10.11, up 7.1%; Consolidated Net

Premiums Written of $32.3 Billion, up 5.5%, or 7.0% in Constant Dollars

 

   

Fourth quarter net income was $1,173 million versus $355 million prior year, and core operating income was $1,040 million versus $935 million prior year.

 

   

Fourth quarter P&C net premiums written were $7.4 billion, up 9.0%, or 9.8% in constant dollars.

 

   

Fourth quarter P&C underwriting income was $533 million, up 12.0%, leading to a P&C combined ratio of 92.7% compared with 93.1% prior year.

 

   

As previously announced, after-tax catastrophe losses in the quarter were $353 million compared with $506 million prior year. In addition, the fourth quarter Agriculture underwriting loss was $23 million pre-tax, with a 105.4% combined ratio, primarily attributable to crop yield shortfalls resulting from poor growing conditions, compared with underwriting income of $161 million pre-tax and a 49.5% combined ratio prior year.

 

   

Fourth quarter Global P&C underwriting income, which excludes Agriculture, was $556 million, up 76.3%, leading to a Global P&C combined ratio of 91.9% compared with 95.2% prior year, and a current accident year combined ratio excluding catastrophe losses of 88.6% compared with 89.8% prior year.

 

   

Full-year net income was $4.5 billion, up 12.4%, and core operating income was $4.6 billion, up 5.3%.

 

   

Full-year P&C net premiums written were $29.9 billion, up 5.6%, or 7.0% in constant dollars.

 

   

Full-year P&C combined ratio was 90.6% in 2019 and 2018. Global P&C combined ratio, which excludes Agriculture, was 90.3% compared with 91.5% prior year, and current accident year combined ratio excluding catastrophe losses was 88.6% compared with 88.4% prior year.

 

   

Full-year Agriculture underwriting income was $89 million pre-tax with a 95.1% combined ratio, compared with $385 million pre-tax and a 75.5% combined ratio prior year.

 

   

Full-year pre-tax net investment income was $3.4 billion and adjusted net investment income was $3.6 billion.

 

   

Book and tangible book value per share were up 11.7% and 18.6%, respectively, for the year.

 

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of Chubb.   1


The following information was filed by Chubb Ltd (CB) on Tuesday, February 4, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Chubb Ltd's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Chubb Ltd.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account