CB Earnings Prediction
The chart below shows how CB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CB sees a -2.78% change in stock price 10 days leading up to the earnings, and a +0.57% change 10 days following the report. On the earnings day itself, the stock moves by -0.27%. This data can give you a slight idea of what to expect for the next quarter's release.
CB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.28B
9.21%
-4.19%
Gross Margin
--
--
--
Operating Margin
20.89%
7.13%
8.07%
Net Margin
18.49%
-26.54%
10.65%
EPS
6.32
-21.30%
10.88%
No Data Available
CB Earnings Analysis
Chubb Ltd Corporation (CB.N) Earnings Conference Call
Positive
Strong Underwriting Performance: Record P&C underwriting income of $1,600,000,000 with a world-class combined ratio of 85.7, contributing to core operating income of $2,500,000,000 for Q4 2024.
Premium Revenue Growth: Global P&C premium revenue grew 6.7% in Q4 2024, with life insurance premiums increasing by 8.5% in constant dollars.
Operating Income Increase: For the year, operating income reached $9,100,000,000, up 11.5% adjusted for a one-time tax benefit, and 13% on a per share basis.
Investment Income Growth: Adjusted net investment income grew 19.3% to $6,400,000,000 for the year, with a record $1,700,000,000 in Q4 2024, reflecting strong investment performance.
Strong Shareholder Returns: Shareholder returns were robust, with $1,100,000,000 returned in Q4 2024, including $725,000,000 in share repurchases and $367,000,000 in dividends, totaling $3,500,000,000 for the year.
Negative
California Wildfire Support Costs: Current estimate of the cost of supporting customers from California wildfires is $1,500,000,000 net pre-tax, impacting Q1 2025 results.
Catastrophe Losses Overview: Pretax catastrophe losses for the quarter totaled $607,000,000, with significant contributions from Hurricane Milton ($309,000,000) and Hurricane Helene ($140,000,000).
Financial Lines Pricing Decline: Financial lines pricing declined by 3.3%, continuing a trend of three years of continuous decline, indicating increased competition and pressure on margins.
Adverse Asbestos Liability Development: The corporate runoff portfolio experienced adverse development of $139,000,000 primarily related to asbestos, highlighting ongoing liabilities.
Book Value Decline Factors: Book value was adversely impacted by unrealized mark-to-market losses on the fixed income portfolio due to interest rate changes, alongside foreign exchange losses.
CB FAQs
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CB Earning Call Sentiment
Earnings call transcript: Chubb's Q4 2024 sees robust income growth
CB.N
1.61%Positive
Despite strong financial metrics, including record underwriting income and significant shareholder returns, concerns about regulatory pressures, catastrophe losses, and competitive pressures in financial lines balance the outlook. The Q&A revealed management's reluctance to provide forward guidance and address certain risks clearly, adding uncertainty. While the results are solid, the mixed signals and lack of clear guidance suggest a neutral stock price movement over the next two weeks.
