Q1 2025 Chubb Ltd Earnings Call Transcript
Key Points
- Chubb Ltd (CB) reported $1.5 billion in core operating income, supported by excellent underlying underwriting results and double-digit growth in investment income.
- Total company premiums grew 5.7% in constant dollars, with strong contributions from all regions globally.
- The company announced an acquisition of Liberty Mutual's business in Thailand and Vietnam, expanding its presence in Asia.
- Chubb Ltd (CB) achieved a combined ratio of 95.7%, with underwriting income of $441 million despite significant catastrophe losses.
- The company's fixed income portfolio yield is 5%, with new money rates averaging 5.5%, benefiting from higher yields as a predominantly buy-and-hold investor.
- Core operating income was down 31% due to significant catastrophe losses from the California wildfires.
- The strong dollar negatively impacted revenue growth, affecting the headline number.
- There is increased competition in the large account property and casualty insurance market, leading to price softening.
- Chubb Ltd (CB) faces uncertainty and potential negative impacts from tariffs and the federal budget deficit on interest rates and asset values.
- Financial lines pricing was down 3.2%, indicating softness in this area.
Thank you for standing by. My name is Eric, and I will be your conference operator today. At this time, I would like to welcome everyone to the Chubb Limited first-quarter 2025 earnings call. (Operator Instructions)
I would now like to turn the call over to Karen Beyer, Senior Vice President, Investor Relations. Please go ahead.
Thank you, and welcome to our March 31, 2025, first-quarter earnings conference call.
Our report today will contain forward-looking statements, including statements relating to company performance, pricing, and business mix, growth opportunities, and economic and market conditions, which are subject to risks and uncertainties, and actual results may differ materially. Please see our recent SEC files, earnings release, and financial supplement, which are available on our website at investors.chubb.com for more information on factors that could affect these matters.
We will also refer today to non-GAAP financial measures, reconciliations of which to the most direct
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
