For the quarter ended September 2023, Chubb (CB - Free Report) reported revenue of $14.09 billion, up 11.9% over the same period last year. EPS came in at $4.95, compared to $3.17 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $13.16 billion, representing a surprise of +7.04%. The company delivered an EPS surprise of +17.58%, with the consensus EPS estimate being $4.21.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Chubb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined ratio: 87.6% versus 90.5% estimated by eight analysts on average.
- Loss and loss expense ratio: 60.1% versus the eight-analyst average estimate of 66.2%.
- North America Agricultural Insurance - Combined ratio: 93.2% versus 87.3% estimated by six analysts on average.
- North America Agricultural Insurance - Loss and loss expense ratio: 88.1% versus 81.6% estimated by six analysts on average.
- Net Premiums written- North America Personal Lines: $1.53 billion versus the six-analyst average estimate of $1.50 billion.
- Net investment income- Overseas General: $248 million versus the six-analyst average estimate of $198.23 million. The reported number represents a year-over-year change of +64.2%.
- Global Reinsurance- Net investment income: $47 million versus the six-analyst average estimate of $63.75 million. The reported number represents a year-over-year change of -33.8%.
- Net Premiums written- P&C: $11.65 billion versus $11.59 billion estimated by six analysts on average.
- Net premiums written- Global Reinsurance: $261 million versus $297.51 million estimated by six analysts on average.
- Net premiums written- Insurance- Overseas General: $3.21 billion versus $2.89 billion estimated by six analysts on average.
- Net investment income- North America Agricultural Insurance: $12 million compared to the $14.72 million average estimate based on six analysts. The reported number represents a change of +33.3% year over year.
- Property and Casualty- Net premiums earned: $11.23 billion versus $11.11 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change.
View all Key Company Metrics for Chubb here>>>Shares of Chubb have returned -2.7% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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For the quarter ended September 2023, Chubb (CB - Free Report) reported revenue of $14.09 billion, up 11.9% over the same period last year. EPS came in at $4.95, compared to $3.17 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $13.16 billion, representing a surprise of +7.04%. The company delivered an EPS surprise of +17.58%, with the consensus EPS estimate being $4.21.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Chubb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined ratio: 87.6% versus 90.5% estimated by eight analysts on average.
- Loss and loss expense ratio: 60.1% versus the eight-analyst average estimate of 66.2%.
- North America Agricultural Insurance - Combined ratio: 93.2% versus 87.3% estimated by six analysts on average.
- North America Agricultural Insurance - Loss and loss expense ratio: 88.1% versus 81.6% estimated by six analysts on average.
- Net Premiums written- North America Personal Lines: $1.53 billion versus the six-analyst average estimate of $1.50 billion.
- Net investment income- Overseas General: $248 million versus the six-analyst average estimate of $198.23 million. The reported number represents a year-over-year change of +64.2%.
- Global Reinsurance- Net investment income: $47 million versus the six-analyst average estimate of $63.75 million. The reported number represents a year-over-year change of -33.8%.
- Net Premiums written- P&C: $11.65 billion versus $11.59 billion estimated by six analysts on average.
- Net premiums written- Global Reinsurance: $261 million versus $297.51 million estimated by six analysts on average.
- Net premiums written- Insurance- Overseas General: $3.21 billion versus $2.89 billion estimated by six analysts on average.
- Net investment income- North America Agricultural Insurance: $12 million compared to the $14.72 million average estimate based on six analysts. The reported number represents a change of +33.3% year over year.
- Property and Casualty- Net premiums earned: $11.23 billion versus $11.11 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change.
View all Key Company Metrics for Chubb here>>>Shares of Chubb have returned -2.7% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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