Chubb Analysts Increase Their Forecasts After Upbeat Earnings

Chubb (NYSE:CB) reported stronger-than-expected earnings for the third quarter on Tuesday.

The company posted quarterly earnings of $5.72 per share which beat the analyst consensus estimate of $4.98 per share. The company reported quarterly sales of $12.28 billion which missed the analyst consensus estimate of $12.54 billion.

Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented, “We had an outstanding quarter which contributed to record year-to-date results. Core operating income and EPS were up 14.3% and 15.6%, respectively, in the quarter, supported by double-digit growth in both P&C underwriting and investment income. Core operating income and EPS for the year are up 13.8% ...