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Chubb’s Q4 ‘Excellent’ Results Boosted by Commercial Lines Price Hikes February 3, 2021
Global insurer Chubb reported fourth quarter results for 2020 significantly better than the same period in 2019.
For the 2020 fourth quarter, Chubb’s net income grew significantly higher, as did its net premiums written, which expanded by double digits for commercial property/casualty lines in particular. P/C underwriting income grew nearly 82 percent, and there was also a value gain in Chubb’s investment portfolio.
“Chubb had an excellent fourth quarter finish to the year, highlighted by very strong earnings, resulting from continued underwriting margin improvement and double-digit commercial lines premium growth globally,” Chubb Chairman and CEO Evan Greenberg said in prepared remarks.
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Chubb Limited found using ticker (CB) now have 18 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 180 and 132 calculating the average target price we see 156.11. Now with the previous closing price of 153.68 this would imply there is a potential upside of 1.6%. The 50 day moving average now sits at 145.37 and the 200 moving average now moves to 130.25. The company has a market capitalisation of $69,394m. Find out more information at: http://www.chubb.com/us-en
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers commercial property, marine, casualty, workers’ compensation, package policies, risk management, professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and