Compared to Estimates, Chubb (CB) Q3 Earnings: A Look at Key Metrics (Revised)

Chubb (CB) reported $15.01 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.6%. EPS of $5.72 for the same period compares to $4.95 a year ago.The reported revenue represents a surprise of -1.56% over the Zacks Consensus Estimate of $15.25 billion. With the consensus EPS estimate being $4.93, the EPS surprise was +16.02%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Chubb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Loss and loss expense ratio: 63.1% versus 64.7% estimated by eight analysts on average.Combined ratio: 87.7% versus 89.6% estimated by eight analysts on average.North America Agricultural Insurance - Combined ratio: 90.4% versus 89.5% estimated by six analysts on average.North America Agricultural Insurance - Loss and loss expense ratio: 84.1% versus 84% estimated by six analysts on average.Net Premiums written- North America Personal Lines: $1.68 billion versus $1.67 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10% change.Net investment income- Overseas General: $286 million versus $286.89 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +15.3% change.Global Reinsurance- Net investment income: $64 million versus the six-analyst average estimate of $56.31 million. The reported number represents a year-over-year change of +36.2%.Net Premiums written- P&C: $12.28 billion versus the six-analyst average estimate of $12.61 billion. The reported number represents a year-over-year change of +5.4%.Net premiums written- Global Reinsurance: $352 million versus $299.41 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +34.9% change.Net premiums written- Insurance- Overseas General: $3.37 billion versus the six-analyst average estimate of $3.54 billion. The reported number represents a year-over-year change of +4.9%.Net investment income- North America Agricultural Insurance: $20 million versus $18.62 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +66.7% change.Property and Casualty- Net premiums earned: $11.84 billion versus the six-analyst average estimate of $12.11 billion. The reported number represents a year-over-year change of +5.4%.View all Key Company Metrics for Chubb here>>>Shares of Chubb have returned +0.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.(We are reissuing this article to correct a mistake. The original article, issued on October 29, 2024, should no longer be relied upon.)Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chubb Limited (CB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks