Chubb improves combined ratio in record Q3 UW result despite $1.15bn cat bill

Chubb Q3 results

Chubb shook off $1.15bn of pre-tax catastrophe losses to report a 27.5 percent increase in Q3 core operating income to $1.16bn to comfortably beat analysts’ consensus estimates as it also shaved 180 basis points from its P&C combined ratio.

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