Exhibit 99.1

 

LOGO   

Chubb Limited

Bärengasse 32

CH-8001 Zurich

Switzerland

  

www.chubb.com

@Chubb

News Release

Chubb Reports Second Quarter Net Income Per Share of $2.76;

Core Operating Income Per Share of $2.68, up 7.2%; Net Premiums

Written of $8.0 Billion, Up 5.7%; Annualized ROE and Core Operating

ROE of 10.1% and 9.8%, Respectively

 

    Net income and core operating income were both $1.3 billion.

 

    P&C net premiums written increased 5.6% to $7.5 billion and Global P&C net premiums written, which excludes Agriculture, increased 6.1% to $7.1 billion.

 

    P&C combined ratio was 88.4% compared with 88.0% prior year. P&C current accident year combined ratio excluding catastrophe losses was 88.1% compared with 87.5% prior year. P&C underwriting income was $824 million, up 2.1%.

 

    Adjusted net investment income was $890 million, pre-tax, up 4.0%.

 

    Operating cash flow was $1.6 billion.

ZURICH – July 24, 2018 –

Chubb Limited (NYSE: CB) today reported net income for the quarter ended June 30, 2018 of $1,294 million, or $2.76 per share, compared with $1,305 million, or $2.77 per share, for the same quarter last year. Core operating income was $1,253 million, or $2.68 per share, compared with $1,180 million, or $2.50 per share, for the same quarter last year. The property and casualty (P&C) combined ratio was 88.4%. Book value per share decreased 0.1% and tangible book value per share increased 0.5% from March 31, 2018 and now stand at $109.97 and $66.00, respectively. Book value and tangible book value per share growth were unfavorably impacted by realized and unrealized losses of $407 million after-tax in the company’s investment portfolio, driven by rising interest rates. In addition, foreign currency movement (FX) unfavorably impacted book value by $457 million after-tax and tangible book value by $200 million after-tax.

 

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


The following information was filed by Chubb Ltd (CB) on Tuesday, July 24, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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