Chubb (NYSE: CB) announced its results for the third quarter on October 20, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.
Earnings and Revenue:
Chubb topped expectations with EPS of $1.04/share versus the $0.82/share estimate.
Income:
For the year, Chubb reported net income of $5.35/share. The company trumped analyst projections of $4.79 by 11.7%. According to the reported number, the company's income fell 47.9% from last year's levels.
Conference Call:
The conference call for third quarter earnings can be accessed here.
Official Comment:
"For the third consecutive quarter, results for Chubb and the industry were adversely affected by an unusually high level of catastrophe losses," said John D. Finnegan, Chairman, President and Chief Executive Officer. "Despite these significant catastrophe losses, Chubb still produced net income for the quarter of $298 million, driven by a solid combined ratio of 88.2% excluding catastrophes, which reflects the strong underlying performance of all our business units in a challenging environment."
Industry:
With price/earnings growth of 2.3%, Chubb's industry, insurance-property and casualty, is expanding.
What to Do Next:
Now you're all set to decide what to do with those Chubb shares until the next earnings announcement. Whether you buy, sell, or hold, check back with us before the company's next earnings release for a full preview.
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