Top-News
Dienstag,
01.02.2022 16:10
von
PR Newswire
| Aufrufe: 196
Chubb Reports Fourth Quarter Net Income Per Share of $4.95 Versus $5.34 Prior Year, and Record Core Operating Income Per Share of $3.81, Up 19.8%; Commercial Lines Net Premiums Written Up 12.9%; P&C Combined Ratio of 85.5%
Sicherheitskameras (Symbolbild).
pixabay.com
PR Newswire
ZURICH, Feb. 1, 2022
ZURICH, Feb. 1, 2022 /PRNewswire/ -- Chubb Limited (NYSE: CB) today reported net income for the quarter ended December 31, 2021 of $2.14 billion, or $4.95 per share, and core operating income of $1.65 billion, or $3.81 per share. The P&C combined ratio was 85.5% compared to 87.6% prior year, and the current accident year P&C combined ratio excluding catastrophe losses was 83.9% compared to 86.4% prior year. Book and tangible book value per share increased 1.7% and 2.7%, respectively, from September 30, 2021 and now stand at $139.99 and $94.38, respectively.
| Chubb Limited Fourth Quarter Summary (in millions of U.S. dollars, except per share amounts and ratios) (Unaudited) | |||||||
| | | | | | (Per Share) | ||
| | 2021 | 2020 | Change | | 2021 | 2020 | Change |
| Net income | $2,141 | $2,418 | (11.5)% | | $4.95 | $5.34 | (7.3)% |
| Amortization of fair value adjustment of acquired invested assets and long-term debt, net of tax | 12 | 18 | (33.3)% | | 0.03 | 0.04 | (25.0)% |
| Adjusted net realized (gains) losses, net of tax | (504) | (996) | (49.4)% | | (1.17) | (2.20) | (46.8)% |
| Core operating income, net of tax | $1,649 | $1,440 | 14.5% | | $3.81 | $3.18 | 19.8% |
| | | | | | | | |
| Annualized return on equity (ROE) | 14.4% | 16.7% | | | | | |
| Core operating return on tangible equity (ROTE) | 17.7% | 17.1% | | | | | |
| Core operating ROE* | 11.6% | 10.7% | | | | | |
| | | | | | | | |
| *For the quarter, annualized core operating ROE adjusted for the impact of mark-to-market gains on private equity investments of $212 million after tax added 1.5 percentage points, resulting in an adjusted return on equity of 13.1%. The company believes that inclusion of this impact is meaningful only for comparison to peer companies that include this metric within core operating income. | |||||||
For the year ended December 31, 2021, net income was $8.54 billion, or $19.27 per share, and core operating income was $5.57 billion, or $12.56 per share. The P&C combined ratio was 89.1% compared to 96.1% prior year, and the current accident year P&C combined ratio excluding catastrophe losses was 84.8% compared to 86.7% prior year. Book and tangible book value per share increased 6.1% and 7.6%, respectively, from December 31, 2020.
| Chubb Limited Full Year Summary (in millions of U.S. dollars, except per share amounts and ratios) (Unaudited) | |||||||
| | | | | | (Per Share) | ||
| | 2021 | 2020 | Change | | 2021 | 2020 | Change |
| Net income | $8,539 | $3,533 | 141.7% | | $19.27 | $7.79 | 147.4% |
| Amortization of fair value adjustment of acquired invested assets and long-term debt, net of tax | 53 | 78 | (32.1)% | | 0.12 | 0.17 | (29.4)% |
| Adjusted net realized (gains) losses, net of tax | (3,023) | (298) | NM | | (6.83) | (0.65) | NM |
| Core operating income, net of tax | $5,569 | $3,313 | 68.1% | | $12.56 | $7.31 | 71.8% |
| | | | | | | | |
| ROE | 14.3% | 6.2% | | | | | |
| Core operating ROTE | 15.3% Werbung Mehr Nachrichten zur Chubb Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | ||||||
