From NASDAQ.:

Chubb Limited is projected to exceed earnings estimates once again in the fourth quarter of 2023. Based on estimates, the company is expected to have an EPS of $5.07, a 25.2% increase from last year’s $4.05. Their revenue is projected to be $12.9 billion, a 10.4% increase from the previous year. In the third quarter of 2023, CB outperformed expectations with a core operating income of $4.95 per share, which was a 17.6% increase from the Zacks Consensus Estimate. These impressive projections are due to factors like growing P&C business in Asia, strong renewal retention, and positive rate increases.

Improved margins and higher investment income, as well as a strong performance in the personal and life insurance segments, are expected to contribute to Chubb Limited’s impressive year-end earnings release. Net premiums earned and combined ratio projections also indicate a positive quarter. In comparison to the company’s predictions, estimates and projections for fourth-quarter results for other financial companies like Coinbase and Marsh & McLennan Companies, Inc. are favorable, making the finance industry an intriguing sector to watch.



Read more: Is a Beat in Store for Chubb Limited (CB) in Q4 Earnings?