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Here's What Key Metrics Tell Us About Chubb (CB) Q3 Earnings
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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.
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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Here's What Key Metrics Tell Us About Chubb (CB) Q3 Earnings
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.