Chubb’s Q3 CoR decreases 4.7 points to 88.4%, driven by lower cat losses
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Chubb’s Q3 CoR decreases 4.7 points to 88.4%, driven by lower cat losses

Jairo Ibarra
October 24, 2023
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Chubb’s combined ratio decreased 4.7 points to 88.4% in Q3 as pre-tax net cat losses declined to $670mn from $1.16bn a year earlier.

The insurer's loss ratio dropped 5.6 points to 64% in Q3, despite slightly lower favorable reserve development in the period, but it was partially offset by a 0.9-point

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News Chubb Earnings
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Jairo Ibarra
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