Chubb in record $1.58bn Q4 P&C UW gain as it discloses $1.5bn Q1 LA wildfire estimate

By James Thaler

Published: Tue 28 Jan 2025

Chubb’s underwriting gain grew by 3.8 percent to a record $1.58bn in Q4 2024, driven by net earned premiums that increased by 8.1 percent and an improved core loss ratio as well as higher reserve releases, which helped offset pre-tax cat losses that doubled to $607mn.