The Chubb Corp. (CB, Financial) filed Annual Report for the period ended 2010-12-31.
Chubb Corp. has a market cap of $18.33 billion; its shares were traded at around $60.11 with a P/E ratio of 10.1 and P/S ratio of 1.4. The dividend yield of Chubb Corp. stocks is 2.4%.Hedge Fund Gurus that owns CB: Michael Price of MFP Investors LLC, Richard Perry of Perry Capital, Paul Tudor Jones of The Tudor Group, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC. Mutual Fund and Other Gurus that owns CB: Todd Combs of Castle Point Capital Management, LLC, Robert Olstein of Olstein Financial Alert Fund, Pioneer Investments, PRIMECAP Management, Diamond Hill Capital of Diamond Hill Capital Management Inc, Brian Rogers of T Rowe Price Equity Income Fund, John Buckingham of Al Frank Asset Management, Inc., James Barrow of Barrow, Hanley, Mewhinney & Strauss, Jeremy Grantham of GMO LLC, Dodge & Cox, Richard Aster Jr of Meridian Fund.
A frequently used industry measurement of property and casualty insurance underwriting results is the combined loss and expense ratio. The P&C Group uses the combined loss and expense ratio calculated in accordance with statutory accounting principles applicable to property and casualty insurance companies. This ratio is the sum of the ratio of losses and loss expenses to premiums earned (loss ratio) plus the ratio of statutory underwriting expenses to premiums written (expense ratio) after reducing both premium amounts by dividends to policyholders. When the combined ratio is under 100%, underwriting results are generally considered profitable; when the combined ratio is over 100%, underwriting results are generally considered unprofitable. Investment income is not reflected in the combined ratio. The profitability of property and casualty insurance companies depends on the results of both underwriting and investments operations.
The P&C Group continues to emphasize early and accurate reserving, inventory management of claims and suits, and control of the dollar value of settlements. The number of outstanding claims at year-end 2010 was approximately 2% higher than the number at year-end 2009. The number of new arising claims during 2010 was approximately 9% higher than in the prior year primarily due to a higher number of catastrophe claims.
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Chubb Corp. has a market cap of $18.33 billion; its shares were traded at around $60.11 with a P/E ratio of 10.1 and P/S ratio of 1.4. The dividend yield of Chubb Corp. stocks is 2.4%.Hedge Fund Gurus that owns CB: Michael Price of MFP Investors LLC, Richard Perry of Perry Capital, Paul Tudor Jones of The Tudor Group, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC. Mutual Fund and Other Gurus that owns CB: Todd Combs of Castle Point Capital Management, LLC, Robert Olstein of Olstein Financial Alert Fund, Pioneer Investments, PRIMECAP Management, Diamond Hill Capital of Diamond Hill Capital Management Inc, Brian Rogers of T Rowe Price Equity Income Fund, John Buckingham of Al Frank Asset Management, Inc., James Barrow of Barrow, Hanley, Mewhinney & Strauss, Jeremy Grantham of GMO LLC, Dodge & Cox, Richard Aster Jr of Meridian Fund.
Highlight of Business Operations:
One or more members of the P&C Group are licensed and transact business in each of the 50 states of the United States, the District of Columbia, Puerto Rico, the Virgin Islands, Canada, Europe, Australia, and parts of Latin America and Asia. In 2010, approximately 75% of the P&C Groups direct business was produced in the United States, where the P&C Groups businesses enjoy broad geographic distribution with a particularly strong market presence in the Northeast. The five states accounting for the largest amounts of direct premiums written were New York with 12%, California with 8%, Texas with 5%, Florida with 4% and New Jersey with 4%. Approximately 11% of the P&C Groups direct premiums written was produced in Europe and 5% was produced in Canada.A frequently used industry measurement of property and casualty insurance underwriting results is the combined loss and expense ratio. The P&C Group uses the combined loss and expense ratio calculated in accordance with statutory accounting principles applicable to property and casualty insurance companies. This ratio is the sum of the ratio of losses and loss expenses to premiums earned (loss ratio) plus the ratio of statutory underwriting expenses to premiums written (expense ratio) after reducing both premium amounts by dividends to policyholders. When the combined ratio is under 100%, underwriting results are generally considered profitable; when the combined ratio is over 100%, underwriting results are generally considered unprofitable. Investment income is not reflected in the combined ratio. The profitability of property and casualty insurance companies depends on the results of both underwriting and investments operations.
The P&C Group continues to emphasize early and accurate reserving, inventory management of claims and suits, and control of the dollar value of settlements. The number of outstanding claims at year-end 2010 was approximately 2% higher than the number at year-end 2009. The number of new arising claims during 2010 was approximately 9% higher than in the prior year primarily due to a higher number of catastrophe claims.
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