Chubb's cost savings drive Q2 outperformance

Insurance giant Chubb reported second quarter operating earnings of
$2.50 per share, exceeding market expectations of $2.47 per share
and the result achieved in the same period last year by $0.25.
This translated into an operating return on equity of 9.8
percent, 50 basis points (bps) higher than in the corresponding
period last year.
The carrier benefited from an improved underwriting performance
compared to the prior-year period, with its P&C Q2 combined
ratio down 3.2 percentage points to