Chubb reports q1 eps of $0.55

Chubb reports first quarter net income per share of $0.55 versus $2.25 prior year, and core operating income per share of $2.68 versus $2.54 prior year; consolidated net premiums written of $8.0 billion, up 9.1%, or 9.5% in constant dollars.q1 core operating earnings per share $2.68.q1 earnings per share $0.55.qtrly p&c underwriting income was $778 million, up 9.3%, leading to a p&c combined ratio of 89.1% compared with 89.2% prior year.qtrly p&c net premiums written were $7.3 billion, up 8.9%, or 9.3% in constant dollars.q1 earnings per share view $2.57 -- refinitiv ibes data.book and tangible book value per share decreased 5.5% and 7.5%, respectively, for the quarter.book value per share decreased 5.5% , from december 31, 2019 and now stand at $115.64.qtrly tangible book value per share decreased 7.5%, from december 31, 2019 and now stand at $72.29.chubb-pre-tax catastrophe losses were $237 million in the quarter, including $224 million from global weather-related events,$13 million related to covid-19.co anticipates that covid-19 will have a meaningful impact on revenue as well as net and core operating income in q2 2020.co expect premium growth momentum to be impacted for a period as insurance exposures in important areas shrink.chubb -given current economic environment, to preserve capital for both risk and opportunity, co has suspended further share repurchases indefinitely.
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