Chubb matches Street view as ex-cat earnings rise 5.3%
Chubb met Wall Street's consensus estimate for its first
quarter earnings, while its results rose 5.3 percent when
catastrophe losses were excluded.
The giant insurer reported core operating income slipped to
$1.1bn, or $2.34 a share, matching the Street's consensus view,
according to Keefe, Bruyette & Woods analysts. MarketWatch put
the figure lower, at $2.26 per share, the average of 19 estimates
it compiled.
Leaving out cat losses of $0.64 a share, Chubb said its
operating earnings came t
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