Chubb’s Q4 CoR up 2.5 points to 88% driven by agriculture U/W loss, higher cats
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Chubb’s Q4 CoR up 2.5 points to 88% driven by agriculture U/W loss, higher cats

Jairo Ibarra
31 January 2023
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Chubb’s Q4 combined ratio increased 2.5 points to 88% from 85.5%, as the company’s performance reflected late season development that produced an underwriting loss of $107mn in its North American agriculture segment.

Excluding agriculture, Chubb’s P&C CoR slightly rose to 85.9% in Q4 from 85.4% the prior-year quarter.

The firm booked $400mn in pre-tax cat losses during the period, compared with the $275mn reported in Q4 2021, fueled by Winter Storm Elliott.

The...

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Jairo Ibarra
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