Chubb Limited reported third-quarter net income of $2.84 billion, or $7.30 per share, up 1.5% year-over-year. Core operating income was $2.98 billion, or $7.66 per share, a slight decrease of 2.2%. Consolidated net premiums written rose 1.9% to $15.1 billion, driven by growth in Personal and Overseas General lines, while P&C underwriting income declined due to higher catastrophe losses totaling $705 million compared to $285 million in the prior year period. The P&C combined ratio was 84.1%. For the first nine months, net income reached a record $8.02 billion and core operating income hit a record $8.60 billion. Chubb operates as a global provider of commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance.
