image credit: Adobe Stock

Chubb reports huge fall in reported net income

April 27, 2022

Chubb has said its reported net income for Q1 2022 was $1.97bn, after falling from $2.3bn in the previous year.

Other figures released by the insurer were that P&C combined ratio was 84.3% compared to 91.8% prior year, and the current accident year P&C combined ratio excluding catastrophe losses was 83.5% compared to 85.2% prior year. Book and tangible book value per share decreased 4.4% and 6.8%, respectively, from December 31, 2021 and now stand at $133.82 and $87.93, respectively.

Read More on Reinsurance News