For the 12 months ended December 31, 2013, internet profits became $2.three
billion or a document $9.04 according to percentage, as compared to $1.5
billion or $five.sixty nine in step with percentage for the yr ended December 31, 2012. running profits
totaled $2.1 billion in 2013 and $1.4 billion in 2012. operating profits
consistent with proportion expanded to a file $eight.03 in 2013 from $5.23 in
2012.
internet written rates extended 3% to $12.2 billion in 2013
from $eleven.nine billion in 2012. overseas foreign money translation and
typhoon Sandy reinsurance reinstatement premiums had a
mere effect on top rate growth for the year. rates were up four% in the U.S.
and had been flat out of doors the U.S.
(up 2% in local currencies).
The blended ratio in 2013 was 86.1%, as compared to ninety
five.3% in 2012. The effect of catastrophes accounted for three.4 percentage
factors of the mixed ratio in 2013 and nine.6 points in 2012. with the
exception of the impact of catastrophes, the blended ratio was eighty two.7% in
2013 and eighty five.7% in 2012.
The expense ratio for the year was 31.9% in 2013 and 31.7%
in 2012.
assets and casualty funding earnings after taxes in 2013
declined five% to $1.1 billion in 2013 from $1.2 billion in 2012.
internet income for 2013 covered net found out funding gains
of $402 million before tax ($1.01 in step with proportion after-tax). net
earnings for 2012 meditated internet realized investment gains of $193 million
before tax ($zero.forty six in line with proportion after-tax).
at some point of 2013, Chubb repurchased 14.9 million shares
of its commonplace inventory at a total cost of $1.three billion, or an average
price of $87.33 in keeping with percentage.
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