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Insurer Chubb's profit rises on strong underwriting business, investment income

Chubb Ltd reported a significant increase in its fourth-quarter profit on January 28, 2025, driven by robust performance in its underwriting business and higher investment income. The global insurer's core operating income rose to $5.08 per share, surpassing the analysts' expectations of $4.98 per share. This growth was supported by a 10.5% increase in net premiums written, reaching $12.2 billion, and a 28.5% jump in net investment income to $1.49 billion, fueled by higher reinvestment rates and strong performance from its investment portfolio. Additionally, Chubb's combined ratio, which measures underwriting profitability, improved to 85.5% from 86.5% a year earlier, indicating better underwriting results. The company also announced a 5.8% increase in its quarterly dividend to $3.64 per share, reflecting confidence in its financial health and future earnings potential.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/insurer-chubbs-profit-rises-strong-underwriting-business-investment-income-2025-01-28/ ]