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FX.co ★ Chubb Limited Reports Drop In Q4 Profit

Chubb Limited Reports Drop In Q4 Profit

Chubb Limited (CB) announced its fourth-quarter earnings, revealing a decline compared to the same quarter of the previous year. The net income for the company amounted to $2.575 billion, or $6.33 per share, a decrease from the previous year's $3.300 billion, or $8.03 per share. On an adjusted basis, excluding certain items, the company reported earnings of $6.02 per share for the quarter.

Highlights of Chubb Limited's earnings based on Generally Accepted Accounting Principles (GAAP) are as follows:

- Net Income: $2.575 billion, compared to $3.300 billion last year.

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- Earnings Per Share (EPS): $6.33, a decline from $8.03 in the previous year.

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