Chubb reports record net investment income

Written by Adam Cadle

26/07/2023

Chubb has reported that Q2 net income jumped 50.7% to $1.79bn compared to the same quarter last year, with pre-tax net investment income rising by 28.9% to a record $1.14bn and adjusted net investment income rising by 30.6% to a record $1.24bn.

For the first six months of 2023, Chubb’s net income was $3.69bn, up 17.2%. Chubb’s P&C net premiums written in Q2 of $10.68bn were up 9.8% compared to the same period last year, and Q2 life insurance net premiums written increased 126.1% to $1.27bn.

Evan Greenberg, chairman and CEO of Chubb, commented: “Our investment income run rate will continue to grow as we reinvest cash flow at higher rates and compound income.”

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