Chubb reports $657mn in US storm losses in narrow Q1 earnings beat

Chubb Q1 results

Chubb has reported core operating income of $1.14bn for the first quarter, compared with $1.22bn in the same period of 2020, while its combined ratio increased 2.7 points after $700mn of catastrophe losses, but improved on an underlying basis by 2.3 points to 85.2 percent.

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