Chubb reports first quarter per share net income and core operating income of $5.23 and $5.41, up 15.5% and 22.7%, respectively; consolidated net premiums written of $12.2 billion, up 14.1%, with p&c up 12.4% and life insurance up 26.3%; p&c combined ratio of 86.0%

Net income was $2.14 billion, up 13.3%, and core operating income was $2.22 billion, up 20.3%. net income and core operating income were impacted modestly by two one-time items: an incremental deferred tax benefit of $55 million, or $0.14 per share, related to the bermuda tax law enacted in december 2023, partially offset by a contribution to the chubb charitable foundation of $30 million ($24 million after-tax), or $0.06 per share.
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