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AXIS Capital (AXS) Posts Preliminary Catastrophe Loss Data

2018-01-18 zacks
AXIS Capital Holdings Limited (AXS - Free Report) has recently announced preliminary estimates of its total net financial impact from fourth-quarter 2017 catastrophe and weather-related losses as well as its initial assessment of the recently revised tax cut. The property and casualty (P&C) insurer has projected total catastrophe loss, net of tax and estimated recoveries from reinsurance and retrocessional covers including the impact of estimated reinstatement premiums to be $130 million. (63-0)

Here's Why it is Apt to Hold on to Chubb (CB) Stock Now

2018-01-18 zacks
Chubb Limited (CB - Free Report) stands a good chance of leading the property and casualty insurance space, benefiting from compelling products and services. This Zacks Rank #3 (Hold) property and casualty insurer bears immense potential owing to a few good growth drivers. Growth Projections: The Zacks Consensus Estimate for 2018 earnings per share is pegged at $10.64 on revenues of $30.6 billion, reflecting a year-over-year increase of 46. (106-0)

Chubb’s North America Commercial Division’s Income Fell

Chubb Limited’s (CB) North American Commercial Property and Casualty division saw a substantial 17.2% decline in income—mainly because of unfavorable momentum in underwriting income. The division garnered total underwriting income of $632 million in 9M17, compared to $1.1 billion in 9M16, reflecting a substantial 45.5% fall. (44-0)

What to Expect from Chubb in 4Q17

Chubb Limited (CB) plans to release its 4Q17 earnings report on January 30. The average estimate from Wall Street analysts for earnings per share or EPS in 4Q17 is $2.33. In 3Q17, the company posted a loss per share. The high estimate and a low estimate for 4Q17 stand at $2.63 and $2.00, respectively. (44-0)

Analyzing Chubb’s Total Revenues in 9M17

Chubb Limited (CB) reported net premiums written of $22.2 billion in 9M17 compared to $21.2 billion in 9M16, reflecting 4.7% rise because of favorable momentum in the majority of its segments. “Net premiums written” means the amount left after an insurance company purchases reinsurance protection. (44-0)

XL Group Releases Preliminary Catastrophe Loss Statistics

2018-01-11 zacks
XL Group Ltd (XL - Free Report) has recently announced preliminary net catastrophe loss estimates for the fourth quarter of 2017 as well as its initial assessment of the recently revised tax cut. XL Group anticipates net catastrophe loss of about $45 million, stemming from the recent wildfires in Southern California and another $20 million from other weather-related events. These estimated losses will be evenly divided between the company’s Insurance and Reinsurance segments. (160-0)

Bottom Fishing The Aristocrats: What's Not To Like About Old Republic?

2018-01-05 seekingalpha
As I mentioned in my recent article on Chubb (NYSE:CB), insurance can be a very profitable business. Add the following data to industry information contained in that article: (39-0)

4 Top-Notch P&C Insurance Outperformers of Q4 Bull Market

2018-01-04 zacks
With a slew of events and weather-related occurrences making waves in the insurance industry, it will be interesting to see how the industry will fare in the fourth and final quarter of 2017. Starting from massive catastrophe loss to a gradual rise in interest rates along with an improving employment scenario and other economic conditions, the insurance industry has seen it all. Amid such changing conditions, the industry still managed to hold its own and we expect it to do the same in the soon-to-be-reported quarter. (91-0)

Bottom Fishing The Dividend Aristocrats: Put Chubb On Your Radar Screen

2018-01-04 seekingalpha
Insurance is an odd business. Unlike manufacturers that make products or retailers that sell things, insurers sell an intangible good – insurance. They are also subject to a different set of accounting rules, making them a bit harder to understand through financial statement analysis. And the fact that no one really likes insurance adds to the general dislike for this business segment. (73-0)

Top Analyst Reports for Apple, Mastercard & 3M

2018-01-03 zacks
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple (AAPL), Mastercard (MA) and 3M (MMM). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. (335-1)

Dividend Champions For January 2018 (Part 2)

2018-01-01 seekingalpha
The Dividend Champions spreadsheet and PDF have been updated through 12/29/17 and are available here. Note that all references to Champions mean companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; and Challengers have streaks of 5-9 years. "CCC" refers to the universe of Champions, Contenders, and Challengers. (264-3)

Argo Growing Its Business, But Profitability Remains A Concern

2017-12-27 seekingalpha
Argo is leveraging IT investments to drive truly impressive premium growth in its specialty business, leveraging significant new advantages in risk selection, pricing, and time-to-quote. (39-0)

Should Value Investors Consider Chubb (CB) Stock Now?

2017-12-26 zacks
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. (60-0)

Chubb (CB) Announces Share Repurchase Program Worth $1B

2017-12-26 zacks
The board of directors of Chubb Limited (CB - Free Report) recently authorized a share buyback program to return more value to investors. The latest authorization will allow the company to spend up to $1 billion to repurchase its common stock. The company’s previous share repurchase program, approved on Nov 17, 2016, will expire on Dec 31, 2017. Of this, the company had already bought back $707 million in the first nine months of 2017. (62-0)

Insurance firms dispatch private firefighters in California

LOS ANGELES (AP) — Among the army of firefighters who have been protecting neighborhoods at the front lines of Southern California's monstrous wildfire are small teams hired by insurance companies to provide personalized prevention and protection for threatened homeowners. (39-0)

CUSIP: H1467J104