Chubb Limited reported robust Q2 2024 financial results, with net income attributable to Chubb rising 24.3% to $2.23 billion. Net premiums written increased 11.8% to $13.36 billion, driven by strong premium retention and new business growth across most product lines. Record net investment income of $1.47 billion was up 28.2% from the prior year period, benefiting from higher reinvestment rates and the consolidation of Huatai Group.The P&C combined ratio was 86.8% compared to 85.4% in Q2 2023, reflecting higher catastrophe losses of $580 million and slightly lower favorable prior period development. Commercial P&C insurance premiums grew 8.8% while consumer insurance increased 15.9%. The Life Insurance segment saw premiums rise 24.5%, boosted by the Huatai Group consolidation and organic growth in Asia and Latin America.Operating cash flow strengthened to $4.1 billion from $2.5 billion last year. Total capital returned to shareholders was $939 million, including $570 million in share repurchases and $369 million in dividends. The company maintained strong underwriting discipline while growing its business globally, with the current accident year P&C combined ratio excluding catastrophes holding steady at 83.2%.

Chubb Limited reported robust Q2 2024 financial results, with net income attributable to Chubb rising 24.3% to $2.23 billion. Net premiums written increased 11.8% to $13.36 billion, driven by strong premium retention and new business growth across most product lines. Record net investment income of $1.47 billion was up 28.2% from the prior year period, benefiting from higher reinvestment rates and the consolidation of Huatai Group.The P&C combined ratio was 86.8% compared to 85.4% in Q2 2023, reflecting higher catastrophe losses of $580 million and slightly lower favorable prior period development. Commercial P&C insurance premiums grew 8.8% while consumer insurance increased 15.9%. The Life Insurance segment saw premiums rise 24.5%, boosted by the Huatai Group consolidation and organic growth in Asia and Latin America.Operating cash flow strengthened to $4.1 billion from $2.5 billion last year. Total capital returned to shareholders was $939 million, including $570 million in share repurchases and $369 million in dividends. The company maintained strong underwriting discipline while growing its business globally, with the current accident year P&C combined ratio excluding catastrophes holding steady at 83.2%.