Washington,D.C FORM8-K. CurrentReport PursuantToSection13or15(d) ChubbLimited. Switzerland (Stateorotherjurisdiction

Size: px
Start display at page:

Download "Washington,D.C FORM8-K. CurrentReport PursuantToSection13or15(d) ChubbLimited. Switzerland (Stateorotherjurisdiction"

Transcription

1 UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C FORM8-K CurrentReport PursuantToSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported) April24,2018 ChubbLimited (Exactnameofregistrantasspecifiedinitscharter) Switzerland (Stateorotherjurisdiction (Commission (I.R.S.Employer ofincorporation) FileNumber) IdentificationNo.) Baerengasse32 CH-8001Zurich,Switzerland Telephone:+41(0) (Addressofprincipalexecutiveoffices) Notapplicable (Formernameorformeraddress,ifchangedsincelastreport) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR ) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

2 Item Results of Operations and Financial Condition On April 24, 2018, Chubb Limited issued a Press Release reporting its first quarter 2018 results and the availability of its first quarter 2018 Financial Supplement. The Press Release and the Financial Supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are hereby incorporated herein by reference. Item Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Press Release, Dated April 24, 2018, Reporting First Quarter 2018 Results 99.2 First Quarter 2018 Financial Supplement

3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DATE: April 24, 2018 Chubb Limited By: /s/ Philip V. Bancroft PhilipV.Bancroft Executive Vice President and Chief Financial Officer

4 Exhibit99.1 Chubb Limited Bärengasse 32 CH-8001 Zurich Switzerland NewsRelease ChubbReportsFirstQuarterPerShareNetIncomeandCoreOperatingIncomeof$2.30and$2.34,Respectively,Including CatastropheLossesof$0.64PerShareVersus$0.35PriorYear;NetPremiumsWrittenUp5.9% Core operating income was $1.1 billion. Core operating income excluding catastrophe losses was $1.4 billion, or $2.98 per share, up 5.3% per share on the same basis from last year. Core operating income with an expected level of catastrophe losses was $1.2 billion, or $2.62 per share, up 4.8% per share on the same basis from last year. P&C net premiums written were $6.5 billion, up 5.8%. P&C combined ratio was 90.1% compared with 87.5% prior year. P&C current accident year combined ratio excluding catastrophe losses was 87.6% compared with 88.0% prior year. P&C underwriting income was $642 million. P&C current accident year underwriting income excluding catastrophe losses was $813 million, up 7.2%. Adjusted net investment income was $877 million, pre-tax, up 4.9%. Annualized ROE and core operating ROE were 8.4% and 8.7%, respectively. ZURICH April24,2018 Chubb Limited (NYSE: CB) today reported net income for the quarter ended March 31, 2018 of $1,082 million, or $2.30 per share, compared with $1,093 million, or $2.31 per share, for the same quarter last year. Core operating income was $1,097 million, or $2.34 per share, compared with $1,175 million, or $2.48 per share, for the same quarter last year. The property and casualty (P&C) combined ratio was 90.1%. Book value and tangible book value per share decreased 0.2% and 0.3%, respectively, from December 31, 2017 and now stand at $ and $65.65, respectively. Book value and tangible book value per share growth was negatively impacted by realized and unrealized losses of $938 million, after-tax, in the company s investment portfolio, driven by rising interest rates. Foreign currency movement favorably impacted book value by $310 million after-tax and tangible book value by $136 million after-tax. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 1

5 Chubb Limited News Release ChubbLimited FirstQuarterSummary (inmillions,exceptpershareamounts) (PerShare-Diluted) Change Change Net income $1,082 $1,093 (1.1)% $ 2.30 $ 2.31 (0.4)% Chubb integration expenses, net of tax 8 74 (89.2)% (87.5)% Amortization of fair value adjustment of acquired invested assets and long-term debt, net of tax (9.1)% (8.3)% Adjusted net realized (gains) losses, net of tax (43) (47) (8.5)% (0.09) (0.11) (18.2)% Core operating income, net of tax $1,097 $1,175 (6.6)% $ 2.34 $ 2.48 (5.6)% For the three months ended March 31, 2018 and 2017, the tax expenses (benefits) related to the table above were $(2) million and $(37) million, respectively, for Chubb integration expenses; $(9) million and $(24) million, respectively, for amortization of fair value adjustment of acquired invested assets and long-term debt; $(3) million and $(2) million, respectively, for adjusted net realized gains and losses; and $149 million and $191 million, respectively, for core operating income. Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented: We had a very good quarter though it was impacted by a higher level of catastrophe losses. We produced world-class ex-cat underwriting results, strong net investment income and good premium revenue growth while achieving better commercial P&C pricing in many of our businesses globally, which improved as the quarter went along, particularly in the U.S. Core operating income per share excluding CATs was up over 5%. Concentrated in two areas where we have meaningful presence Montecito, California with the mudslides and the Northeast U.S. the catastrophe losses this quarter were up $175 million pre-tax over prior year and contributed 5.8 points to our published P&C combined ratio of 90.1%. The current accident year combined ratio excluding CATs was 87.6% compared to 88.0% prior year. Adjusted net investment income was up 5%, and we expect the positive trend to continue due to our strong growth in invested assets and the rising yield environment. P&C net premium growth for the company was 5.8%. P&C premiums were up over 5% in our North America insurance business while internationally premium revenue was up 8.5% and benefited from a weaker dollar. I expect our growth to accelerate as the year goes along, particularly outside the U.S. Commercial P&C pricing for the business we wrote in the quarter continued to improve in the U.S. and a number of territories outside the U.S. We achieved some of the best pricing in quite some time, and it improved as we moved through the quarter. In some classes, customer segments and territories we are observing a clear direction in price firming; in others it s more chaotic. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 2

6 Chubb Limited News Release Operating highlights for the quarter ended March 31, 2018 were as follows: ChubbLimited Q1 Q1 (in millions of U.S. dollars except for percentages) Change P&C Net premiums written (including favorable FX of 2.4 pts) $6,545 $6, % Underwriting income $ 642 $ 783 (18.1)% Combined ratio 90.1% 87.5% Current accident year underwriting income excluding catastrophe losses $ 813 $ % Current accident year combined ratio excluding catastrophe losses 87.6% 88.0% GlobalP&C(excludesAgriculture) Net premiums written (including favorable FX of 2.5 pts) $6,437 $6, % Underwriting income $ 540 $ 690 (21.9)% Combined ratio 91.6% 89.0% Current accident year underwriting income excluding catastrophe losses $ 786 $ % Current accident year combined ratio excluding catastrophe losses 87.8% 88.2% Net premiums earned increased 3.8%. Total pre-tax and after-tax catastrophe losses were $380 million (5.8 percentage points of the combined ratio) and $303 million, respectively, compared with $206 million (3.3 percentage points of the combined ratio) and $164 million, respectively, last year. Pre-tax catastrophe losses, net of reinsurance and including reinstatement premiums, included $195 million for the northeast winter storms, $125 million for the California mudslides and $60 million for all other catastrophe losses globally in the quarter. Total pre-tax and after-tax favorable prior period development were $209 million (3.3 percentage points of the combined ratio) and $166 million, respectively, compared with $231 million (3.8 percentage points of the combined ratio) and $155 million, respectively, last year. Adjusted net investment income was $877 million, up 4.9%, which was just above the guidance range due to increased call activity in the company s corporate bond portfolio. Operating cash flow was $551 million. Merger-related actions are projected to total $150 million for the year, of which $48 million, or 32%, were taken in the first quarter. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 3

7 Chubb Limited News Release Details of financial results by business segment are available in the Chubb Limited Financial Supplement. Key segment items for the quarter ended March 31, 2018 are presented below: ChubbLimited Q1 Q1 (in millions of U.S. dollars except for percentages) Change TotalNorthAmericaP&CInsurance Net premiums written $3,968 $3, % Net premiums written excluding merger-related actions 6.1% Combined ratio 88.8% 82.4% Current accident year combined ratio excluding catastrophe losses 84.7% 85.2% NorthAmericaCommercialP&CInsurance Net premiums written $2,812 $2, % Net premiums written excluding merger-related actions 4.4% Net premiums written Major account retail and excess and surplus (E&S) wholesale 3.6% Net premiums written Middle market 2.4% Combined ratio 86.2% 84.8% Current accident year combined ratio excluding catastrophe losses 87.0% 87.9% NorthAmericaPersonalP&CInsurance Net premiums written $1,048 $ % Combined ratio 104.2% 84.2% Current accident year combined ratio excluding catastrophe losses 79.7% 78.3% NorthAmericaAgriculturalInsurance Net premiums written $ 108 $ % Current accident year combined ratio excluding catastrophe losses 67.7% 74.6% OverseasGeneralInsurance Net premiums written (including favorable FX of 6.4 pts) $2,384 $2, % Combined ratio 90.4% 95.3% Current accident year combined ratio excluding catastrophe losses 90.7% 92.1% North America Commercial P&C Insurance: Net premiums written in the middle market division increased 2.4%. This growth reflects a 3.5% increase in P&C lines and a decline of 0.6% in financial lines. Net premiums written in the small commercial division increased 1.9%. North America Agricultural Insurance: Net premiums written were $108 million, an increase of $47 million over the prior year, driven by higher crop premiums, reflecting less premium returned to the U.S. government based on premium-sharing formulas, and increased new business. Underwriting income of $102 million in the quarter included $76 million of favorable prior period development. Global Reinsurance: Net premiums written decreased 3.0%, or 4.8% in constant dollars. The combined ratio was 69.5%, compared with 82.1%. The current accident year combined ratio excluding catastrophe losses was 77% in both years. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 4

8 Chubb Limited News Release Life Insurance: Segment income was $64 million, compared to $62 million, which included International life insurance income of $17 million, up $4 million, or 32.5%. International life insurance net premiums written and deposits collected increased 12.8% in constant dollars. Net premiums written in Combined Insurance North America increased 7.8%. Please refer to the Chubb Limited Financial Supplement, dated March 31, 2018, which is posted on the company s investor relations website, investors.chubb.com, in the Financials section for more detailed information on individual segment performance, together with additional disclosure on reinsurance recoverable, loss reserves, investment portfolio, and debt and capital. Chubb Limited will hold its first quarter earnings conference call on Wednesday, April 25, 2018, beginning at 8:30 a.m. Eastern. The earnings conference call will be available via live webcast at investors.chubb.com or by dialing (within the United States) or (international), passcode Please refer to the Chubb investor relations website under Events and Presentations for details. A replay of the call will be available until Wednesday, May 9, 2018, and the archived webcast will be available for approximately one month. To listen to the replay, please click here to register and receive dial-in numbers. AboutChubb Chubb is the world s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: InvestorContact Helen Wilson: (441) ; helen.wilson@chubb.com MediaContact Jeffrey Zack: (212) ; jeffrey.zack@chubb.com Allcomparisonsarewiththesameperiodlastyearunlessotherwisespecificallystated. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 5

9 Chubb Limited News Release RegulationG-Non-GAAPFinancialMeasures In presenting our results, we included and discussed certain non-gaap measures. These non-gaap measures, which may be defined differently by other companies, are important for an understanding of our overall results of operations and financial condition. However, they should not be viewed as a substitute for measures determined in accordance with generally accepted accounting principles (GAAP). Throughout this document there are various measures presented on a constant-dollar basis (i.e., excludes the impact of foreign exchange (FX)). We believe it is useful to evaluate the trends in our results exclusive of the effect of fluctuations in exchange rates between the U.S. dollar and the currencies in which our international business is transacted, as these exchange rates could fluctuate significantly between periods and distort the analysis of trends. The impact is determined by assuming constant foreign exchange rates between periods by translating prior period results using the same local currency exchange rates as the comparable current period. Adjusted net investment income is net investment income excluding the amortization of the fair value adjustment on acquired invested assets of $71 million in Q We believe this measure is meaningful as it highlights the underlying performance of our invested assets and portfolio management in support of our lines of business. Adjusted net realized gains (losses), net of tax includes net realized gains (losses) and net realized gains (losses) recorded in other income (expense) related to unconsolidated subsidiaries, and excludes realized gains and losses on crop derivatives. These derivatives were purchased to provide economic benefit, in a manner similar to reinsurance protection, in the event that a significant decline in commodity pricing impacts underwriting results. We view gains and losses on these derivatives as part of the results of our underwriting operations, and therefore realized gains (losses) from these derivatives are reclassified to adjusted losses and loss expenses. The P&C combined ratio includes adjusted losses and loss expenses in the ratio numerator. Underwriting income, P&C underwriting income and Global P&C underwriting income are calculated by subtracting losses and loss expenses, policy benefits, policy acquisition costs and administrative expenses from net premiums earned. P&C underwriting income also includes gains (losses) on crop derivatives. We use underwriting income and operating ratios to monitor the results of our operations without the impact of certain factors, including net investment income, other income (expense), interest and income tax expense and adjusted net realized gains (losses). Current accident year underwriting income excluding catastrophe losses is underwriting income adjusted to exclude catastrophe losses and prior period development (PPD). We believe it is useful to exclude catastrophe losses, as they are not predictable as to timing and amount, and PPD as these unexpected loss developments on historical reserves are not indicative of our current underwriting performance. We believe the use of these measures enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. Segment income (loss) includes underwriting income, adjusted net investment income, other income (expense) operating, and amortization expense of purchased intangibles. Core operating income, net of tax excludes adjusted realized gains and losses, Chubb integration expenses, and the amortization of the fair value adjustments of acquired debt and invested assets related to the Chubb Corp acquisition. We believe this presentation enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. We exclude adjusted net realized gains (losses) because the amount of these gains (losses) is heavily influenced by the availability of market opportunities. We also exclude Chubb integration expenses related to the acquisition due to the size, complexity, and volume of this acquisition, which may not be indicative of such Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 6

10 Chubb Limited News Release future costs. We believe that excluding the Chubb integration expenses facilitates the comparison of our financial results to our historical operating results. References to core operating income mean net of tax, whether or not noted. Core operating income excluding catastrophe losses excludes the impact of catastrophe losses due to the significant size and number of these events in Q which could obscure the underlying operating results. We believe this measure provides a better evaluation of our operating performance and enhances the understanding of the trends in our property and casualty business. Core operating income with expected level of catastrophe losses is a non-gaap financial measure which excludes catastrophe losses above expected level. The adjustment for normalized catastrophe activity reduces the unusually large impact of catastrophe activity in Q which could obscure our underlying performance. Core operating income, Core operating income excluding catastrophe losses and Core operating income with expected level of catastrophe losses should not be viewed as a substitute for net income determined in accordance with GAAP. P&C combined ratio is the sum of the loss and loss expense ratio, acquisition cost ratio and the administrative expense ratio excluding the life business and including the realized gains and losses on the crop derivatives. These derivatives were purchased to provide economic benefit, in a manner similar to reinsurance protection, in the event that a significant decline in commodity pricing will impact underwriting results. We view gains and losses on these derivatives as part of the results of our underwriting operations. Current accident year P&C combined ratio excluding catastrophe losses excludes the impact of catastrophe losses and PPD. We believe this measure provides a better evaluation of our underwriting performance and enhances the understanding of the trends in our property and casualty business that may be obscured by these items. Global P&C performance metrics comprise consolidated operating results (including corporate) and exclude the operating results of the company s Life Insurance and North America Agricultural Insurance segments. We believe that these measures are useful and meaningful to investors as they are used by management to assess the company s global P&C operations which are the most economically similar. We exclude the North America Agricultural Insurance and Life Insurance segments because the results of these businesses do not always correlate with the results of our global P&C operations. International life gross and net premiums written and deposits collected and Life Insurance gross and net premiums written measures presented in this release includes deposits collected on universal life and investment contracts (life deposits). Life deposits are not reflected as revenues in our consolidated statements of operations in accordance with GAAP. However, we include life deposits in presenting growth in our life insurance business because new life deposits are an important component of production and key to our efforts to grow our business. Core operating return on equity (ROE) or ROE calculated using core operating income are annualized financial measures. The ROE numerator includes income adjusted to exclude after-tax adjusted net realized gains (losses), Chubb integration expenses, and the amortization of the fair value adjustment of acquired invested assets and long-term debt. The ROE denominator includes the average shareholders equity for the period adjusted to exclude unrealized gains (losses) on investments, net of tax. Core operating ROE is a useful measure as it enhances the understanding of the return on shareholders equity by highlighting the underlying profitability relative to shareholders equity excluding the effect of unrealized gains and losses on our investments. Net premiums written excluding merger-related actions is a non-gaap performance measure. Since the acquisition of the Chubb Corp, we have entered into new reinsurance agreements with third-party reinsurers for the Chubb Corp businesses and have taken other merger-related actions, including exiting certain types of business that do not meet our Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 7

11 Chubb Limited News Release underwriting standards or adhere to our risk diversification strategy. We believe that this measure is meaningful to evaluate trends in our underlying business on a comparable basis. Tangible book value per common share, net of tax is shareholders equity less goodwill and other intangible assets divided by the shares outstanding. The intangibles related to the Chubb Corp acquisition are excluded from the tangible book value per share calculation net of tax. We believe that goodwill and other intangible assets are not indicative of our underlying insurance results or trends and make book value comparisons to less acquisitive peer companies less meaningful. In addition, we disclose per share measures for book value and tangible book value that exclude the impact of foreign currency fluctuations in order to adjust for the distortive effects of fluctuations in exchange rates. Other income (expense) operating excludes from consolidated Other income (expense) the portion of net realized gains and losses related to unconsolidated entities and gains and losses from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP. Net realized gains (losses) related to unconsolidated entities is excluded from core operating income in order to enhance the understanding of our results of underwriting operations as they are heavily influenced by, and fluctuate in part according to, market conditions. Chubb integration expenses include all internal and external costs directly related to the integration activities of the Chubb Corp acquisition, consisting primarily of personnel-related expenses, including severance and employee retention and relocation; consulting fees; and advisor fees. See reconciliation of Non-GAAP Financial Measures on pages in the Financial Supplement. These measures should not be viewed as a substitute for measures determined in accordance with GAAP, including premium, net income, return on equity, net investment income, and effective tax rate. NM - not meaningful comparison Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 8

12 Chubb Limited News Release CautionaryStatementRegardingForward-LookingStatements: Forward-looking statements made in this press release, such as those related to company performance, including 2018 performance and growth opportunities, pricing, taxes, economic and market conditions, and our expectations and intentions and other statements that are not historical facts reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of Such statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the following: competition, pricing and policy term trends, the levels of new and renewal business achieved, the frequency and severity of unpredictable catastrophic events, actual loss experience, uncertainties in the reserving or settlement process, integration activities and performance of acquired companies, loss of key employees or disruptions to our operations, new theories of liability, judicial, legislative, regulatory and other governmental developments, litigation tactics and developments, investigation developments and actual settlement terms, the amount and timing of reinsurance recoverable, credit developments among reinsurers, rating agency action, possible terrorism or the outbreak and effects of war, economic, political, regulatory, insurance and reinsurance business conditions, potential strategic opportunities including acquisitions and our ability to achieve and integrate them, as well as management s response to these factors, and other factors identified in our filings with the Securities and Exchange Commission (SEC). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 9

13 Chubb Limited News Release ChubbLimited SummaryConsolidatedBalanceSheets (inmillionsofu.s.dollars,exceptpersharedata) March December Assets Investments $102,105 $ 102,444 Cash 1, Insurance and reinsurance balances receivable 9,570 9,334 Reinsurance recoverable on losses and loss expenses 14,982 15,034 Goodwill and other intangible assets 22,123 22,054 Other assets 18,013 17,428 Total assets $168,781 $ 167,022 Liabilities Unpaid losses and loss expenses $ 63,139 $ 63,179 Unearned premiums 15,495 15,216 Other liabilities 38,860 37,455 Total liabilities $117,494 $ 115,850 Shareholders equity Total shareholders equity 51,287 51,172 Total liabilities and shareholders equity $168,781 $ 167,022 Book value per common share $ $ Tangible book value per common share $ $ Book value per common share excluding cumulative translation losses (1) $ $ Tangible book value per common share excluding cumulative translation losses (1) $ $ (1) Cumulative translation losses were $809 million in 2018 ($710 million on tangible and $99 million on intangible net assets) and $1.2 billion in 2017 ($914 million on tangible and $273 million on intangible net assets). Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 10

14 Chubb Limited News Release ChubbLimited SummaryConsolidatedFinancialData (inmillionsofu.s.dollars,exceptshare,persharedata,andratios) ThreeMonthsEnded March Gross premiums written $ 8,733 $ 8,401 Net premiums written 7,104 6,710 Net premiums earned 7,027 6,772 Losses and loss expenses 4,102 3,789 Policy benefits Policy acquisition costs 1,464 1,397 Administrative expenses Net investment income Net realized gains (losses) (2) (7) Interest expense Other income (expense): Gains (losses) from separate account assets 6 30 Other Amortization of purchased intangibles Chubb integration expenses Income tax expense Net income $ 1,082 $ 1,093 Dilutedearningspershare: Net income $ 2.30 $ 2.31 Core operating income $ 2.34 $ 2.48 Weighted average diluted shares outstanding P&Ccombinedratio Loss and loss expense ratio 60.0% 57.4% Policy acquisition cost ratio 20.6% 20.5% Administrative expense ratio 9.5% 9.6% P&C combined ratio 90.1% 87.5% P&C underwriting income $ 642 $ 783 Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 11

15 Chubb Limited News Release ChubbLimited ConsolidatedSupplementalSegmentInformation (inmillionsofu.s.dollars) ThreeMonthsEnded March GrossPremiumsWritten North America Commercial P&C Insurance $ 3,678 $ 3,653 North America Personal P&C Insurance 1,181 1,145 North America Agricultural Insurance Overseas General Insurance 2,872 2,674 Global Reinsurance Life Insurance (1) Total $ 9,112 $ 8,711 NetPremiumsWritten North America Commercial P&C Insurance $ 2,812 $ 2,730 North America Personal P&C Insurance 1, North America Agricultural Insurance Overseas General Insurance 2,384 2,212 Global Reinsurance Life Insurance (1) Total $ 7,483 $ 7,020 NetPremiumsEarned North America Commercial P&C Insurance $ 3,029 $ 3,041 North America Personal P&C Insurance 1,140 1,086 North America Agricultural Insurance Overseas General Insurance 2,107 1,936 Global Reinsurance Life Insurance Total $ 7,027 $ 6,772 Segmentincome(loss) North America Commercial P&C Insurance $ 927 $ 937 North America Personal P&C Insurance North America Agricultural Insurance Overseas General Insurance Global Reinsurance Life Insurance Corporate (144) (106) Total $ 1,415 $ 1,532 (1) Life Insurance gross and net premiums written includes deposits collected on universal life and investment contracts in Q ($379 million) and Q ($310 million). Chubb, Chubb logo and Chubb. Insured. SM are trademarks of Chubb. 12

16 Exhibit99.2 Chubb Limited Financial Supplement for the Quarter Ended March 31, 2018 InvestorContact Helen M. Wilson Phone: (441) This report is for informational purposes only. It should be read in conjunction with documents filed by Chubb Limited with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. CautionaryStatementRegardingForward-LookingStatements Any forward-looking statements made in this financial supplement reflect Chubb Limited s current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of Such statements involve risks and uncertainties which may cause actual results to differ materially from as indicated by such statements. For example, forward-looking statements related to financial performance, including exposures, reserves and recoverables, could be affected by the frequency and severity of unpredictable catastrophic events, actual loss experience, uncertainties in the reserving or settlement process, currency exchange fluctuations, new theories of liability, judicial, legislative, regulatory and other governmental developments, litigation tactics and developments, investigation developments and actual settlement terms, the amount and timing of reinsurance receivable, credit developments among reinsurers, and activities and expenses related to our post-acquisition integration of The Chubb Corporation. Our forward-looking statements could also be affected by competition, pricing and policy term trends, market acceptance, changes in demand, actual market developments, rating agency action, possible terrorism or the outbreak and effects of war. Readers are cautioned not to place undue reliance on these forwardlooking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

17 ChubbLimited FinancialSupplementTableofContents Page I. FinancialHighlights - Consolidated Financial Highlights 1 II. ConsolidatedResults - Consolidated Statement of Operations 2 - P&C Results Consecutive Quarters 3 - Catastrophe Losses 4 - Summary Consolidated Balance Sheets 5 - Line of Business 6 - Consolidated Results by Segment 7-8 III. GlobalP&CResults - Global P&C Underwriting Results Consecutive Quarters 9 IV. SegmentResults - North America Commercial P&C Insurance 10 - North America Personal P&C Insurance 11 - North America Agricultural Insurance 12 - Overseas General Insurance Global Reinsurance 15 - Life Insurance 16 - Corporate 17 V. BalanceSheetDetails - Loss Reserve Rollforward 18 - Reinsurance Recoverable Analysis 19 - Investment Portfolio Net Realized and Unrealized Gains (Losses) 24 - Debt and Capital 25 - Computation of Basic and Diluted Earnings Per Share 26 - Book Value and Book Value per Common Share 27 VI. OtherDisclosures - Non-GAAP Financial Measures Glossary 32 The 2017 gross premiums written and net premiums written amounts for the North America Commercial P&C Insurance and Overseas General Insurance segments have been revised to reflect the transfer of certain multinational accounts between these segments to better align the reporting with the management of these businesses in The North America Commercial P&C Insurance segment transfers to (from) Overseas General Insurance segment in 2017 were: $12 million for Q1, $1 million for Q2, $3 million for Q3 and ($7) million for Q4. There is no impact on a consolidated basis.

18 ChubbLimited ConsolidatedFinancialHighlights (inmillionsofu.s.dollars,exceptshare,persharedata,andratios) Note: All dollar amounts in the Financial Supplement are rounded. However, percent changes and ratios are calculated using whole dollars. Accordingly, calculations using rounded dollars may differ. %Changeex MergerActions (1) C$%Changeex MergerActions (1) Constant$ %Change %Change ThreemonthsendedMarch31 1Q-18vs. 1Q-18vs. Constant$ 1Q-18vs. 1Q-18vs Q-17 1Q Q-17 1Q-17 Gross premiums written $ 8,733 $ 8, % $ 8, % Net premiums written $ 7,104 $ 6, % $ 6, % P&C net premiums written $ 6,545 $ 6, % 6.6% $ 6, % 4.1% Global P&C net premiums written $ 6,437 $ 6, % 5.9% $ 6, % 3.4% Net premiums earned $ 7,027 $ 6, % $ 6, % Net investment income $ 806 $ % $ % Adjusted net investment income $ 877 $ % $ % Core operating income $ 1,097 $ 1, % $ 1, % Net income $ 1,082 $ 1, % Operating cash flow $ 551 $ 1,013 P&Ccombinedratio Loss and loss expense ratio 60.0% 57.4% Underwriting and administrative expense ratio 30.1% 30.1% Combined ratio 90.1% 87.5% P&CCurrentAccidentYear (CAY)combinedratio ex Catastrophelosses(Cats) Loss and loss expense ratio ex Cats and PPD 57.7% 58.1% Underwriting and administrative expense ratio ex Cats and PPD 29.9% 29.9% CAY combined ratio ex Cats 87.6% 88.0% ROE 8.4% 9.0% Core operating return on equity (ROE) 8.7% 9.9% Effective tax rate (2) 11.1% 10.5% Core operating effective tax rate (2) 12.0% 14.0% Dilutedearningspershare Net income $ 2.30 $ % Core operating income $ 2.34 $ % Weighted average basic common shares outstanding Weighted average diluted common shares outstanding %Change December Q-18vs 4Q-17 Book value per common share $ $ % Book value per common share excluding foreign currency (3) $ $ % Tangible book value per common share $ $ % Tangible book value per common share excluding foreign currency (3) $ $ % Total hybrid & financial debt/capitalization 22.4% 20.1% (1) Net premiums written were adversely impacted by merger-related actions of $48 million in Q (2) The core operating effective tax rate is lower in 2018, primarily reflecting the favorable impact of the 2017 tax reform and higher U.S. catastrophe losses in the quarter. Additionally, the impact of the lower U.S. tax rate on integration and fair value amortization expenses, as well as the impact of lower tax benefit resulting from a reduction in integration expenses, increased the overall effective tax rate in the current year. (3) For 2018, book value per common share and tangible book value per common share exclude the impact of foreign currency movement during the quarter.

19 Financial Highlights Page 1

20 ChubbLimited StatementofOperations ConsecutiveQuarters (inmillionsofu.s.dollars) ConsolidatedStatementsofOperations 1Q-18 4Q-17 3Q-17 2Q-17 1Q-17 FullYear 2017 Gross premiums written $8,733 $8,960 $9,710 $9,305 $8,401 $ 36,376 Net premiums written 7,104 7,051 7,902 7,581 6,710 29,244 Net premiums earned 7,027 7,218 7,807 7,237 6,772 29,034 (1) Adjusted losses and loss expenses 4,100 4,272 6,252 4,148 3,789 18,461 Realized (gains) losses on crop derivatives (2) Losses and loss expenses 4,102 4,272 6,247 4,146 3,789 18,454 Policy benefits Policy acquisition costs 1,464 1,447 1,488 1,449 1,397 5,781 Administrative expenses ,833 (2) Adjusted net investment income ,457 Amortization expense of fair value adjustment on acquired invested assets (71) (76) (80) (85) (91) (332) Net investment income ,125 (3) Adjusted realized gains (losses) (4) (5) 103 (7) 91 Realized gains (losses) on crop derivatives 2 (5) (2) (7) Net realized gains (losses) (2) (10) 101 (7) 84 (4) Adjusted interest expense Amortization benefit of fair value adjustment on acquired long term debt (12) (12) (12) (13) (12) (49) Interest expense Gains (losses) from fair value changes in separate account assets Net realized gains (losses) related to unconsolidated entities Other income (expense) operating (3) (82) 5 (14) (12) (103) Other income (expense) Amortization expense of purchased intangibles Chubb integration expenses Income tax expense (benefit) 135 (382) (85) (139) Net income (loss) $1,082 $1,533 $ (70) $1,305 $1,093 $ 3,861 (1) Adjusted losses and loss expenses used throughout this report include realized gains and losses on crop derivatives. (2) Adjusted net investment income used throughout this report excludes amortization of the fair value adjustment on acquired invested assets. (3) Adjusted realized gains and losses used throughout this report excludes realized gains and losses on crop derivatives. (4) Adjusted interest expense used throughout this report excludes amortization benefit of the fair value adjustment on acquired long term debt. Statement of Operations Page 2

21 ChubbLimited P&CUnderwritingResults ConsecutiveQuarters (inmillionsofu.s.dollars,exceptratios) ChubbLimitedP&CUnderwritingResults 1Q-18 4Q-17 3Q-17 2Q-17 1Q-17 FullYear 2017 P&CUnderwritingincome(IncludingCorporateandexcludingLifeInsurance) Gross premiums written $8,141 $8,374 $9,142 $8,748 $7,851 $ 34,115 Net premiums written 6,545 6,496 7,363 7,058 6,186 27,103 Net premiums earned 6,487 6,665 7,280 6,722 6,266 26,933 Adjusted losses and loss expenses 3,895 4,089 6,071 3,966 3,596 17,722 Policy acquisition costs 1,336 1,293 1,356 1,319 1,283 5,251 Administrative expenses ,530 P&C Underwriting income (loss) $ 642 $ 623 $ (784) $ 808 $ 783 $ 1,430 P&C CAY Underwriting income ex Cats $ 813 $ 912 $ 839 $ 838 $ 758 $ 3,347 %Changeversusprioryearperiod Net premiums written 5.8% 1.7% 4.6% -0.8% 12.9% 4.2% Netpremiumswrittenexcludingmerger-relatedactions(1) 6.6% 3.7% 3.9% 2.0% 17.9% 6.3% Net premiums earned 3.5% 2.2% 1.5% -2.5% 2.7% 0.9% Net premiums written constant $ 3.4% 0.5% 4.6% -0.2% 13.4% 4.2% Netpremiumswrittenconstant$excludingmerger-relatedactions(1) 4.1% 2.5% 4.0% 2.6% 18.5% 6.2% Net premiums earned constant $ 1.6% 1.0% 1.3% -2.0% 2.8% 0.7% P&Ccombinedratio Loss and loss expense ratio 60.0% 61.4% 83.4% 59.0% 57.4% 65.8% Policy acquisition cost ratio 20.6% 19.4% 18.6% 19.6% 20.5% 19.5% Administrative expense ratio 9.5% 9.9% 8.8% 9.4% 9.6% 9.4% Combined ratio 90.1% 90.7% 110.8% 88.0% 87.5% 94.7% CAYP&Ccombinedratio excats Loss and loss expense ratio ex Cats and PPD 57.7% 57.1% 61.3% 58.6% 58.1% 58.8% Underwriting and administrative expense ratio ex Cats and PPD 29.9% 29.3% 27.2% 28.9% 29.9% 28.8% CAY combined ratio ex Cats 87.6% 86.4% 88.5% 87.5% 88.0% 87.6% Otherratios Net premiums written/gross premiums written 80% 78% 81% 81% 79% 79% Expense ratio 30.1% 29.3% 27.4% 29.0% 30.1% 28.9% Expense ratio excluding A&H 27.9% 27.2% 25.1% 27.1% 28.0% 26.8% Catastrophe reinstatement premiums (expenses) collected pre-tax $ $ (15) $ 22 $ $ $ 7 Catastrophe losses pre-tax $ 380 $ 432 $1,915 $ 200 $ 206 $ 2,753 Favorable prior period development (PPD) pre-tax $ (209) $ (158) $ (270) $ (170) $ (231) $ (829) (1) Net premiums written were adversely impacted by merger-related actions of $48 million in Q Note: Refer to the Non-GAAP financial measures section for further information on the calculation of the components of combined ratios. P&C Results Page 3

22 ChubbLimited Segmentsresults CatastropheLossCharges (inmillionsofu.s.dollars) ChubbLimitedCatastropheLossCharges Q12018 North America CommercialP&C Insurance North America PersonalP&C Insurance North America Agricultural Insurance Overseas General Insurance Global Reinsurance Total Consolidated CatastropheLossChargesbyEvent Gross Northeast Winter Storms $ 57 $ 171 $ 1 $ $ 2 $ 231 California Mudslides Other Total $ 85 $ 379 $ 1 $ 22 $ 2 $ 489 CatastropheLossChargesbyEvent Net Northeast Winter Storms $ 53 $ 139 $ 1 $ $ 2 $ 195 California Mudslides Other Total $ 78 $ 284 $ 1 $ 15 $ 2 $ 380 Reinstatementpremiums Totalimpactbeforeincometax $ 78 $ 284 $ 1 $ 15 $ 2 $ 380 Incometaxbenefit 77 Totalimpactafterincometax $ 303 Catastrophe Losses Page 4

23 ChubbLimited SummaryConsolidatedBalanceSheets (inmillionsofu.s.dollars,exceptpersharedata) March December Assets Fixed maturities available for sale, at fair value $ 79,111 $ 78,939 Fixed maturities held to maturity, at amortized cost 14,253 14,335 Equity securities, at fair value Short-term investments, at fair value 2,874 3,561 Other investments 4,919 4,672 Total investments 102, ,444 Cash 1, Securities lending collateral 2,039 1,737 Insurance and reinsurance balances receivable 9,570 9,334 Reinsurance recoverable on losses and loss expenses 14,982 15,034 Deferred policy acquisition costs 4,843 4,723 Value of business acquired Prepaid reinsurance premiums 2,600 2,529 Goodwill and other intangible assets 22,123 22,054 Investments in partially-owned insurance companies Other assets 7,546 7,451 Total assets $168,781 $ 167,022 Liabilities Unpaid losses and loss expenses $ 63,139 $ 63,179 Unearned premiums 15,495 15,216 Future policy benefits 5,412 5,321 Insurance and reinsurance balances payable 6,148 5,868 Securities lending payable 2,039 1,737 Accounts payable, accrued expenses, and other liabilities 10,030 10,953 Deferred tax liabilities Short-term debt 1,669 1,013 Long-term debt 12,786 11,556 Trust preferred securities Total liabilities 117, ,850 Shareholders equity Total shareholders equity, excl. AOCI 51,789 50,629 Accumulated other comprehensive income (loss) (AOCI) (502) 543 Total shareholders equity 51,287 51,172 Total liabilities and shareholders equity $168,781 $ 167,022 Bookvaluepercommonshare $ $ % change over prior quarter -0.2% 1.5% Tangiblebookvaluepercommonshare $ $ % change over prior quarter -0.3% 1.2% Consol Bal Sheet Page 5

24 ChubbLimited ConsolidatedNetPremiumsWrittenbyLineofBusiness (inmillionsofu.s.dollars) 1Q-18 1Q-17 %Change 1Q-18vs. 1Q-17 Netpremiumswritten Commercial multiple peril (1) $ 201 $ % Commercial casualty 1,145 1, % Workers compensation % Professional liability % Surety % Property and other short-tail lines 1,040 1, % Total Commercial P&C 3,944 3, % Agriculture % Personal automobile North America % Personal automobile International % Personal homeowners % Personal other % Total Personal lines 1,523 1, % TotalPropertyandCasualtylines 5,575 5, % Global A&H lines (2) 1, % Reinsurance lines % Life % Totalconsolidated $7,104 $6, % (1) Commercial multiple peril represents retail package business (property and general liability). (2) For purposes of this schedule only, A&H results from our Combined North America and International businesses, normally included in the Life Insurance and Overseas General Insurance segments, respectively, as well as the A&H results of our North America Commercial P&C segment, are included within the Global A&H lines above. Line of Business Page 6

25 North America CommercialP&C Insurance North America PersonalP&C Insurance ChubbLimited ConsolidatedResults (inmillionsofu.s.dollars,exceptratios) North America Agricultural Insurance Overseas General Insurance Global Total Life Total Q12018 Reinsurance Corporate P&C Insurance Consolidated Net premiums written $ 2,812 $ 1,048 $ 108 $ 2,384 $ 193 $ $6,545 $ 559 $ 7,104 Net premiums earned 3,029 1, , , ,027 Adjusted losses and loss expenses 1, (55) 1, , ,100 Policy benefits (Gains) losses from fair value changes in separate account assets (1) (6) (6) Policy acquisition costs (1) , ,464 Administrative expenses (3) Underwriting income (loss) 418 (48) (83) 642 (16) 626 Adjusted net investment income Other income (expense) operating (1) 6 (7) 7 (7) (1) (2) (3) Amortization expense of purchased intangibles (3) (7) (10) (64) (84) (1) (85) Segment income (loss) $ 927 $ 8 $ 102 $ 336 $ 122 $ (144) $1,351 $ 64 $ 1,415 Adjusted interest expense (169) (169) Income tax expense (149) (149) Core operating income (loss) (462) 1,097 Chubb integration expenses, net of $2 million tax benefit (8) (8) Amortization of fair value adjustment of acquired invested assets and longterm debt, net of $9 million tax benefit (2) (50) (50) Adjusted net realized gains (losses), net of $3 million tax benefit (3) Net income (loss) $ (477) $ 1,082 Combined ratio 86.2% 104.2% NM 90.4% 69.5% 90.1% CAY combined ratio ex Cats 87.0% 79.7% 67.7% 90.7% 77.0% 87.6% (1) For the Life Insurance segment, (gains) losses from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP have been reclassified for underwriting income (loss) presentation from Other income (expense). (2) Related to the acquisition of The Chubb Corporation. (3) Includes net realized gains (losses) related to unconsolidated entities. Consolidated Results 2018 Page 7

26 North America Commercial P&C Insurance ChubbLimited ConsolidatedResults (inmillionsofu.s.dollars,exceptratios) North America Personal P&C Insurance North America Agricultural Insurance Overseas General Insurance Global Total Life Total Q12017 Reinsurance Corporate P&C Insurance Consolidated Net premiums written $ 2,730 $ 984 $ 61 $ 2,212 $ 199 $ $6,186 $ 524 $ 6,710 Net premiums earned 3,041 1, , , ,772 Adjusted losses and loss expenses 1, (73) 1, , ,789 Policy benefits (Gains) losses from fair value changes in separate account assets (1) (30) (30) Policy acquisition costs (1) , ,397 Administrative expenses (5) Underwriting income (loss) (69) 783 (11) 772 Adjusted net investment income Other income (expense) operating (1) (4) (1) 1 (7) (11) (1) (12) Amortization expense of purchased intangibles (3) (7) (11) (42) (63) (1) (64) Segment income (loss) $ 937 $ 222 $ 92 $ 229 $ 96 $ (106) $1,470 $ 62 $ 1,532 Adjusted interest expense (166) (166) Income tax expense (191) (191) Core operating income (loss) (463) 1,175 Chubb integration expenses, net of $37 million tax benefit (74) (74) Amortization of fair value adjustment of acquired invested assets and long-term debt, net of $24 million tax benefit (2) (55) (55) Adjusted net realized gains (losses), net of $2 million tax benefit (3) Net income (loss) $ (545) $ 1,093 Combined ratio 84.8% 84.2% NM 95.3% 82.1% 87.5% CAY combined ratio ex Cats 87.9% 78.3% 74.6% 92.1% 77.0% 88.0% (1) For the Life Insurance segment, (gains) losses from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP have been reclassified for underwriting income (loss) presentation from Other income (expense). (2) Related to the acquisition of The Chubb Corporation. (3) Includes net realized gains (losses) related to unconsolidated entities. Consolidated Results 2017 Page 8

Washington,D.C FORM8-K. CurrentReport PursuantToSection13or15(d) ChubbLimited. Switzerland (Stateorotherjurisdiction

Washington,D.C FORM8-K. CurrentReport PursuantToSection13or15(d) ChubbLimited. Switzerland (Stateorotherjurisdiction UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CurrentReport PursuantToSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported) January30,2018

More information

Washington,D.C FORM8-K. CurrentReport PursuantToSection13or15(d) ofthesecuritiesexchangeactof1934. ChubbLimited

Washington,D.C FORM8-K. CurrentReport PursuantToSection13or15(d) ofthesecuritiesexchangeactof1934. ChubbLimited UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CurrentReport PursuantToSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported) July26,2016

More information

Chubb Limited Bärengasse 32 CH-8001 Zurich Switzerland

Chubb Limited Bärengasse 32 CH-8001 Zurich Switzerland Chubb Limited Bärengasse 32 CH-8001 Zurich Switzerland www.chubb.com @Chubb News Release Chubb Reports Third Quarter Net Income Per Share and Core Operating Income Per Share of $2.64 and $2.41, Respectively,

More information

Chubb Limited Bärengasse 32 CH-8001 Zurich Switzerland

Chubb Limited Bärengasse 32 CH-8001 Zurich Switzerland Chubb Limited Bärengasse 32 CH-8001 Zurich Switzerland www.chubb.com @Chubb News Release Chubb Reports Second Quarter Net Income Per Share of $2.77 Versus $1.54 Prior Year and Operating Income Per Share

More information

Chubb Limited (Exact name of registrant as specified in its charter)

Chubb Limited (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest

More information

Chubb Limited (Exact name of registrant as specified in its charter)

Chubb Limited (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest

More information

Chubb Limited (Exact name of registrant as specified in its charter)

Chubb Limited (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest

More information

News from The Chubb Corporation

News from The Chubb Corporation News from The Chubb Corporation The Chubb Corporation 15 Mountain View Road P.O. Box 1615 Warren, New Jersey 07061-1615 Telephone: 908-903-2000 FOR IMMEDIATE RELEASE Chubb Reports First Quarter Net Income

More information

Chubb Limited Investor Presentation. December 2016

Chubb Limited Investor Presentation. December 2016 Chubb Limited Investor Presentation December 2016 The New Chubb: A Unique Global P&C Franchise Substantial Scale Customer & Product Diversification 64% commercial, 36% consumer 62% U.S., 38% International

More information

(203) (441) XL Group Ltd Announces Fourth Quarter and Full Year 2017 Results

(203) (441) XL Group Ltd Announces Fourth Quarter and Full Year 2017 Results Press Release Contact: Abbe Goldstein Carol Parker Trott Investor Relations Media Relations (203) 964-3573 (441) 294-7290 XL Group Ltd Announces Fourth Quarter and Full Year 2017 Results Demonstrates underlying

More information

$ % from 2015

$ % from 2015 Contact: Susan Spivak Bernstein Senior Vice President, Investor Relations 212.607.8835 Argo Group Reports 2016 Net Income of $146.7 Million or $4.75 per Diluted Share with Book Value per Share Up 10% for

More information

Endurance Reports Fourth Quarter 2016 Financial Results

Endurance Reports Fourth Quarter 2016 Financial Results - 1 - Endurance Reports Fourth Quarter 2016 Financial Results PEMBROKE, Bermuda February 24, 2017 Endurance Specialty Holdings Ltd. (NYSE:ENH) today reported net income available to common shareholders

More information

N E W S R E L E A S E

N E W S R E L E A S E N E W S R E L E A S E THE HARTFORD REPORTS SECOND QUARTER 2011 RESULTS AND ANNOUNCES $500 MILLION SHARE REPURCHASE AUTHORIZATION Board of Directors authorizes a $500 million repurchase program Second quarter

More information

W. R. BERKLEY CORPORATION (Exact name of registrant as specified in its charter)

W. R. BERKLEY CORPORATION (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

FINANCIAL SUPPLEMENT FIRST QUARTER Exhibit 99.2

FINANCIAL SUPPLEMENT FIRST QUARTER Exhibit 99.2 FINANCIAL SUPPLEMENT FIRST QUARTER 2018 Exhibit 99.2 Forward-Looking Statements Certain statements in this report, including information incorporated by reference, are forward-looking statements as that

More information

OneBeacon Insurance Group, Ltd. Investor Financial Supplement. December 31, 2006

OneBeacon Insurance Group, Ltd. Investor Financial Supplement. December 31, 2006 Investor Financial Supplement December 31, 2006 Addresses: 601 Carlson Parkway, Minnetonka, MN 55305 (Executive Offices) 1 Beacon Lane, Canton, MA 02021 (U.S. Headquarters) 1 Beacon Street, Boston, MA

More information

HARTFORD FINANCIAL SERVICES GROUP INC/DE

HARTFORD FINANCIAL SERVICES GROUP INC/DE HARTFORD FINANCIAL SERVICES GROUP INC/DE FORM 8-K (Current report filing) Filed 7/28/2006 For Period Ending 7/27/2006 Address HARTFORD PLZ HARTFORD, Connecticut 06115 Telephone 860-547-5000 CIK 0000874766

More information

FINANCIAL RESULTS SUMMARY

FINANCIAL RESULTS SUMMARY N E W S R E L E A S E The Hartford Reports First Quarter 2018 Income From Continuing Operations, After Tax, Of $428 Million ($1.18 Per Diluted Share) And Core Earnings Of $461 Million ($1.27 Per Diluted

More information

$ % from 2017

$ % from 2017 Contact: Susan Spivak Bernstein Senior Vice President, Investor Relations 212.607.8835 susan.spivak@argolimited.com Argo Group Reports Fourth Quarter and Full Year Results HAMILTON, Bermuda (February 11,

More information

FINANCIAL SUPPLEMENT SECOND QUARTER Exhibit 99.2

FINANCIAL SUPPLEMENT SECOND QUARTER Exhibit 99.2 FINANCIAL SUPPLEMENT SECOND QUARTER 2018 Exhibit 99.2 Forward-Looking Statements Certain statements in this report, including information incorporated by reference, are forward-looking statements as that

More information

Mar - March LIABI 5 L EITI +1E 0 S_AND_EQUITY - Total Liabilities and Shareholders' Equity

Mar - March LIABI 5 L EITI +1E 0 S_AND_EQUITY - Total Liabilities and Shareholders' Equity Mar - March LIA 5E+10 FINANCIAL SUPPLEMENT - TABLE OF CONTENTS Statements of Income 4 Consolidated Statements of Income and Reconciliation of Non-GAAP Financial Measures 5 Return on Common Shareholders'

More information

ULTASALON,COSMETICS&FRAGRANCE,INC.

ULTASALON,COSMETICS&FRAGRANCE,INC. UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION WASHINGTON,DC20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported):October13,2016

More information

Second Quarter Highlights

Second Quarter Highlights The Hanover Reports Second Quarter Net Income and Operating Income (1) of $1.83 and $1.69 per Diluted Share, Respectively; Combined Ratio of 95.6%, including Catastrophe Impact of 4.8 points; Operating

More information

AmTrust to Report Prior Period Development of $327 Million and Utilize the Full Benefit of the Adverse Loss Development Cover

AmTrust to Report Prior Period Development of $327 Million and Utilize the Full Benefit of the Adverse Loss Development Cover November 6, AmTrust to Report Prior Period Development of $327 Million and Utilize the Full Benefit of the Adverse Loss Development Cover Prior Accident Years Continue to Demonstrate Profitability Adverse

More information

ValeantPharmaceuticalsInternational,Inc.

ValeantPharmaceuticalsInternational,Inc. SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateoftheearliesteventreported):November13,2017(November13,2017)

More information

$ % From 2Q 2016

$ % From 2Q 2016 Contact: Susan Spivak Bernstein Senior Vice President, Investor Relations 212.607.8835 Argo Group Reports 2017 Second Quarter Net Income of $46.0 Million or $1.48 per Diluted Share HAMILTON, Bermuda (Aug.

More information

HiltonGrandVacationsInc.

HiltonGrandVacationsInc. UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION WASHINGTON,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(DateofEarliestEventReported):August2,2017

More information

Heritage Insurance Holdings, Inc. Reports Financial Results for Fourth Quarter and Full Year 2017

Heritage Insurance Holdings, Inc. Reports Financial Results for Fourth Quarter and Full Year 2017 Heritage Insurance Holdings, Inc. Reports Financial Results for Fourth Quarter and Full Year 2017 CLEARWATER, Fla., March 7, 2018 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE:HRTG) ( Heritage

More information

Endurance Specialty Holdings Ltd.

Endurance Specialty Holdings Ltd. Endurance Specialty Holdings Ltd. INVESTOR FINANCIAL SUPPLEMENT THIRD QUARTER 2008 Endurance Specialty Holdings Ltd. Wellesley House, 90 Pitts Bay Rd. Pembroke HM 08, Bermuda Investor Relations Phone:

More information

EMC INSURANCE GROUP INC. REPORTS 2007 FIRST QUARTER RESULTS

EMC INSURANCE GROUP INC. REPORTS 2007 FIRST QUARTER RESULTS EMC INSURANCE GROUP INC. REPORTS 2007 FIRST QUARTER RESULTS First Quarter 2007 Net Income Per Share -- $1.07 Net Operating Income Per Share -- $1.01 GAAP Combined Ratio 91.2% FOR IMMEDIATE RELEASE Contact:

More information

Full Year Net Income of $2.5 Billion and Return on Equity and Operating Return on Equity of 9.8% and 11.0%, Respectively

Full Year Net Income of $2.5 Billion and Return on Equity and Operating Return on Equity of 9.8% and 11.0%, Respectively NYSE: TRV Travelers Reports Fourth Quarter Net Income of $304 Million or $0.78 per Diluted Share After Catastrophe Losses of $689 Million After-tax, Including Storm Sandy, or $1.78 Per Diluted Share Full

More information

The Hartford Financial Services Group, Inc. December 2017 Overview of The Hartford

The Hartford Financial Services Group, Inc. December 2017 Overview of The Hartford The Hartford Financial Services Group, Inc. December 2017 Overview of The Hartford Copyright 2017 by The Hartford. All rights reserved. No part of this document may be reproduced, published or posted without

More information

HARTFORD FINANCIAL SERVICES GROUP INC/DE

HARTFORD FINANCIAL SERVICES GROUP INC/DE HARTFORD FINANCIAL SERVICES GROUP INC/DE FORM 8-K (Current report filing) Filed 02/02/11 for the Period Ending 02/02/11 Address ONE HARTFORD PLAZA HARTFORD, CT 06155 Telephone 8605475000 CIK 0000874766

More information

PartnerRe Ltd. Reports Second Quarter and Half Year 2016 Results

PartnerRe Ltd. Reports Second Quarter and Half Year 2016 Results Reports Second Quarter and Half Year 2016 Results Second Quarter Net Income of $136.7 million ($158.4 million adjusted for severance related costs), resulting in an Annualized Net Income ROE of 8.9% (Adjusted

More information

THE GOLDMAN SACHS GROUP, INC.

THE GOLDMAN SACHS GROUP, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

DELPHITECHNOLOGIESPLC

DELPHITECHNOLOGIESPLC UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d)ofthe SecuritiesExchangeActof1934 DateofReport(Dateofearliesteventreported): February21,2019

More information

National General Holdings Corp. Reports Fourth Quarter 2017 Results

National General Holdings Corp. Reports Fourth Quarter 2017 Results National General Holdings Corp. Reports Fourth Quarter 2017 Results February 26, 2018 NEW YORK, Feb. 26, 2018 (GLOBE NEWSWIRE) -- National General Holdings Corp. (Nasdaq:NGHC) today reported a fourth quarter

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE CONTACT: MEDIA: ANALYSTS: Brandon Davis, 312-822-5885 James Anderson, 312-822-7757 CNA FINANCIAL ANNOUNCES FOURTH QUARTER 2018 RESULTS Q4 NET LOSS OF $84M, $(0.31) PER SHARE; Q4 CORE

More information

The Hartford Reports First Quarter 2017 Net Income And Core Earnings Per Diluted Share* Of $1.00

The Hartford Reports First Quarter 2017 Net Income And Core Earnings Per Diluted Share* Of $1.00 N E W S R E L E A S E The Hartford Reports First Quarter 2017 Net Income And Core Earnings Per Diluted Share* Of $1.00 Net income of $378 million increased 17% from first quarter 2016 primarily due to

More information

THE GOLDMAN SACHS GROUP, INC.

THE GOLDMAN SACHS GROUP, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

MARKEL REPORTS 2017 FINANCIAL RESULTS

MARKEL REPORTS 2017 FINANCIAL RESULTS For more information contact: Bruce Kay Markel Corporation 804-747-0136 bkay@markelcorp.com FOR IMMEDIATE RELEASE MARKEL REPORTS 2017 FINANCIAL RESULTS Richmond, VA, February 6, 2018 --- Markel Corporation

More information

Third Quarter Highlights

Third Quarter Highlights Exhibit 99.1 The Hanover Reports Third Quarter Net Income and Operating Income of $2.33 and $1.97 per Diluted Share, Respectively; Third Quarter Combined Ratio of 95.1%; Combined Ratio, Excluding Catastrophes,

More information

Intercontinental Exchange, Inc. (Exact Name of Registrant as Specified in its Charter)

Intercontinental Exchange, Inc. (Exact Name of Registrant as Specified in its Charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event

More information

Washington,D.C FORM8-K. CURRENTREPORT PursuanttoSection13or15(d)

Washington,D.C FORM8-K. CURRENTREPORT PursuanttoSection13or15(d) UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported):September4,2018

More information

Fourth Quarter and Full Year Highlights

Fourth Quarter and Full Year Highlights Exhibit 99.1 The Hanover Reports Fourth Quarter Net Income and Operating Income of $1.20 and $2.00 per Diluted Share, Respectively; Fourth Quarter Combined Ratio of 95.1%; Combined Ratio Excluding Catastrophes

More information

The Navigators Group, Inc. CORPORATE NEWS Navigators Reports First Quarter 2018 Earnings

The Navigators Group, Inc. CORPORATE NEWS Navigators Reports First Quarter 2018 Earnings The Navigators Group, Inc. CORPORATE NEWS Navigators Reports First Quarter 2018 Earnings Net Income up 46.3% and Record Quarterly Operating Earnings Stamford, CT -- The Navigators Group, Inc. (NASDAQ:NAVG)

More information

Heritage Reports Fourth Quarter and Full-Year 2018 Results

Heritage Reports Fourth Quarter and Full-Year 2018 Results Heritage Reports Fourth Quarter and Full-Year 2018 Results Clearwater, FL March 1, 2019: Heritage Insurance Holdings, Inc. (NYSE: HRTG) ( Heritage or the Company ), a property and casualty insurance holding

More information

RenaissanceRe Holdings Ltd. Contents. Page Basis of Presentation. i Financial Highlights

RenaissanceRe Holdings Ltd. Contents. Page Basis of Presentation. i Financial Highlights Contents Page Basis of Presentation i Financial Highlights 1 Statements of Operations a. Summary Consolidated Statements of Operations b. Consolidated Segment Underwriting Results c. Segment Underwriting

More information

EMC INSURANCE GROUP INC. REPORTS 2009 THIRD QUARTER RESULTS

EMC INSURANCE GROUP INC. REPORTS 2009 THIRD QUARTER RESULTS EMC INSURANCE GROUP INC. REPORTS 2009 THIRD QUARTER RESULTS Third Quarter 2009 Operating Income Per Share $0.24 Net Income Per Share $0.38 Catastrophe and Storm Losses Per Share $0.79 Large Losses Per

More information

The Hartford Financial Services Group, Inc.

The Hartford Financial Services Group, Inc. Fourth Quarter 2013 Presentation The Hartford Financial Services Group, Inc. February 3, 2014 Safe Harbor Statement Certain statements made in this presentation should be considered forward-looking statements

More information

WASHINGTON,D.C FORM8-K. DateofReport(Dateofearliesteventreported):April25,2018 VISAINC.

WASHINGTON,D.C FORM8-K. DateofReport(Dateofearliesteventreported):April25,2018 VISAINC. UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION WASHINGTON,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d)oftheSecuritiesExchangeActof1934 DateofReport(Dateofearliesteventreported):April25,2018

More information

Second Quarter Return on Equity of 9.2% and Core Return on Equity of 8.7% Second quarter net income of $524 million and core income of $494 million.

Second Quarter Return on Equity of 9.2% and Core Return on Equity of 8.7% Second quarter net income of $524 million and core income of $494 million. 154.126.80.126 Travelers Reports Second Quarter Net Income and Core Income per Diluted Share of $1.92 and $1.81, Respectively, Which Includes Catastrophe Losses of $1.40 per Diluted Share Second Quarter

More information

Washington,D.C FORM8-K. CURRENTREPORT PURSUANTTOSECTION13OR15(d) DateofReport(Dateofearliesteventreported):November3,2017. UnivarInc.

Washington,D.C FORM8-K. CURRENTREPORT PURSUANTTOSECTION13OR15(d) DateofReport(Dateofearliesteventreported):November3,2017. UnivarInc. UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PURSUANTTOSECTION13OR15(d) OFTHESECURITIESEXCHANGEACTOF1934 DateofReport(Dateofearliesteventreported):November3,2017

More information

Aspen Insurance Holdings Limited

Aspen Insurance Holdings Limited Financial Supplement As of March 31, 2011 This financial supplement is for information purposes only. It should be read in conjunction with other documents filed or to be filed by Aspen Insurance Holdings

More information

Globus Medical Reports Second Quarter 2016 Results

Globus Medical Reports Second Quarter 2016 Results Globus Medical Reports Second Quarter Results AUDUBON, Pa., July 26, (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal implant manufacturer, today announced its financial

More information

Washington,D.C FORM8-K. Date of Report (Date of earliest event reported): December1,2016. AlcoaCorporation

Washington,D.C FORM8-K. Date of Report (Date of earliest event reported): December1,2016. AlcoaCorporation UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PURSUANTTOSECTION13OR15(D)OFTHE SECURITIESEXCHANGEACTOF1934 Date of Report (Date of earliest event reported): December1,2016

More information

NEWS RELEASE EMC Insurance Group Inc. Reports 2018 Third Quarter and Nine Month Results

NEWS RELEASE EMC Insurance Group Inc. Reports 2018 Third Quarter and Nine Month Results NEWS RELEASE EMC Insurance Group Inc. Reports 2018 Third Quarter and Nine Month Results Third Quarter Ended September 30, 2018 Net Income Per Share $0.89 Non-GAAP Operating Income Per Share* $0.48 Net

More information

Jacobs Engineering Group Inc. (Exact name of Registrant as specified in its charter)

Jacobs Engineering Group Inc. (Exact name of Registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event

More information

Press Release AIG 175 Water Street New York, NY

Press Release AIG 175 Water Street New York, NY Press Release AIG 175 Water Street New York, NY 10038 www.aig.com Contacts: Liz Werner (Investors): 212-770-7074; elizabeth.werner@aig.com Fernando Melon (Investors): 212-770-4630; fernando.melon@aig.com

More information

First quarter 2015 net income per diluted share of $1.08 rose 5% from first quarter 2014

First quarter 2015 net income per diluted share of $1.08 rose 5% from first quarter 2014 NEWS RELEASE The Hartford Reports First Quarter 2015 Core Earnings* Of $452 Million, $1.04 Per Diluted Share, And Net Income Of $467 Million, $1.08 Per Diluted Share First quarter 2015 core earnings per

More information

PartnerRe Ltd. Reports Second Quarter and Half Year 2018 Results

PartnerRe Ltd. Reports Second Quarter and Half Year 2018 Results News Release Reports Second Quarter and Half Year 2018 Results Second Quarter Net income available to common shareholder of $125 million, resulting in an Annualized Net Income ROE of 8.4% Non-life combined

More information

EMC INSURANCE GROUP INC. REPORTS RECORD 2006 THIRD QUARTER RESULTS

EMC INSURANCE GROUP INC. REPORTS RECORD 2006 THIRD QUARTER RESULTS EMC INSURANCE GROUP INC. REPORTS RECORD 2006 THIRD QUARTER RESULTS FOR IMMEDIATE RELEASE Contact: Anita Novak (Investors) 515-345-2515 Lisa Hamilton (Media) 515-345-7589 717 Mulberry Street Des Moines,

More information

MastercardIncorporated

MastercardIncorporated UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(Dateofearliesteventreported):December4,2018

More information

EMC INSURANCE GROUP INC. REPORTS 2006 FIRST QUARTER RESULTS

EMC INSURANCE GROUP INC. REPORTS 2006 FIRST QUARTER RESULTS EMC INSURANCE GROUP INC. REPORTS 2006 FIRST QUARTER RESULTS First Quarter 2006 Net Income Per Share 1.41 Net Operating Income Per Share 1.32 GAAP Combined Ratio 84.1% FOR IMMEDIATE RELEASE Contact: Anita

More information

Allstate Executing Profitable Growth Plan Income benefited from lower accident frequency and catastrophe losses

Allstate Executing Profitable Growth Plan Income benefited from lower accident frequency and catastrophe losses FOR IMMEDIATE RELEASE Contacts: Greg Burns John Griek Media Relations Investor Relations (847) 402-5600 (847) 402-2800 Allstate Executing Profitable Growth Plan Income benefited from lower accident frequency

More information

FINANCIAL SUPPLEMENT As of June 30, 2011

FINANCIAL SUPPLEMENT As of June 30, 2011 FINANCIAL SUPPLEMENT As of June 30, 2011 Aspen Insurance Holdings Limited This financial supplement is for information purposes only. It should be read in conjunction with other documents filed or to be

More information

Washington,D.C FORM8-K. November7,2017. Delaware (Stateorotherjurisdictionof. Rosemont,IL60018

Washington,D.C FORM8-K. November7,2017. Delaware (Stateorotherjurisdictionof. Rosemont,IL60018 UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d)oftheSecuritiesExchangeActof1934 November7,2017 DateofReport(Dateofearliesteventreported)

More information

HiltonGrandVacationsInc.

HiltonGrandVacationsInc. UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION WASHINGTON,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(DateofEarliestEventReported):March1,2017

More information

THE GOLDMAN SACHS GROUP, INC.

THE GOLDMAN SACHS GROUP, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

THE GOLDMAN SACHS GROUP, INC.

THE GOLDMAN SACHS GROUP, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

HARTFORD FINANCIAL SERVICES GROUP INC/DE

HARTFORD FINANCIAL SERVICES GROUP INC/DE HARTFORD FINANCIAL SERVICES GROUP INC/DE FORM 8-K (Current report filing) Filed 07/28/08 for the Period Ending 07/28/08 Address ONE HARTFORD PLAZA HARTFORD, CT 06155 Telephone 8605475000 CIK 0000874766

More information

The Hartford Reports Third Quarter 2017 Net Income Per Diluted Share Of $0.64 And Core Earnings Per Diluted Share* Of $0.60

The Hartford Reports Third Quarter 2017 Net Income Per Diluted Share Of $0.64 And Core Earnings Per Diluted Share* Of $0.60 N E W S R E L E A S E The Hartford Reports Third Quarter 2017 Net Income Per Diluted Share Of $0.64 And Core Earnings Per Diluted Share* Of $0.60 Net income of $234 million and core earnings* of $222 million

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event

More information

SunGard Announces 2009 Results

SunGard Announces 2009 Results For more information, contact: Robert Woods Eric Erickson Kris Block Tel: 484-582-5645 Tel: 484-582-5480 Tel: 484-582-5505 robert.woods@sungard.com eric.erickson@sungard.com kris.block@sungard.com SunGard

More information

RenaissanceRe Holdings Ltd. Contents. Page Basis of Presentation. i Financial Highlights

RenaissanceRe Holdings Ltd. Contents. Page Basis of Presentation. i Financial Highlights Contents Page Basis of Presentation i Financial Highlights 1 Statements of Operations a. Summary Consolidated Statements of Operations b. Consolidated Segment Underwriting Results c. Segment Underwriting

More information

W. R. Berkley Corporation Reports Fourth Quarter Results

W. R. Berkley Corporation Reports Fourth Quarter Results W. R. Berkley Corporation Reports Results Released : 01/28/2014 Operating Income per Share Increased 33%, Net Premiums Written Increased 11% GREENWICH, Conn.--(BUSINESS WIRE)-- W. R. Berkley Corporation

More information

The Hartford Financial Services Group, Inc. November 2017 Overview of The Hartford

The Hartford Financial Services Group, Inc. November 2017 Overview of The Hartford The Hartford Financial Services Group, Inc. November 2017 Overview of The Hartford Copyright 2017 by The Hartford. All rights reserved. No part of this document may be reproduced, published or posted without

More information

UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION WASHINGTON,D.C FORM8-K. CURRENTREPORT PursuanttoSection13or15(d)oftheSecuritiesExchangeActof1934

UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION WASHINGTON,D.C FORM8-K. CURRENTREPORT PursuanttoSection13or15(d)oftheSecuritiesExchangeActof1934 UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION WASHINGTON,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d)oftheSecuritiesExchangeActof1934 DateofReport(Dateofearliesteventreported):October24,2018

More information

PartnerRe Ltd. Reports First Quarter 2018 Results

PartnerRe Ltd. Reports First Quarter 2018 Results News Release Reports First Quarter 2018 Results First Quarter Net loss attributable to common shareholder of $120 million, due to $222 million net realized and unrealized losses in the Investment portfolio

More information

The Hartford Financial Services Group, Inc. April 26, 2018 First Quarter 2018 Financial Results Presentation

The Hartford Financial Services Group, Inc. April 26, 2018 First Quarter 2018 Financial Results Presentation The Hartford Financial Services Group, Inc. April 26, 2018 First Quarter 2018 Financial Results Presentation On December 3,, The Hartford entered into an agreement to sell its life and annuity run-off

More information

The Hartford Reports Fourth Quarter 2015 Core Earnings Of $1.07 Per Diluted Share And Net Income Of $1.01 Per Diluted Share

The Hartford Reports Fourth Quarter 2015 Core Earnings Of $1.07 Per Diluted Share And Net Income Of $1.01 Per Diluted Share NEWS RELEASE The Hartford Reports Fourth Quarter 2015 Core Earnings Of $1.07 Per Diluted Share And Net Income Of $1.01 Per Diluted Share Fourth quarter 2015 core earnings* increased 4% from fourth quarter

More information

AON PLC FORM 8-K. (Current report filing) Filed 11/02/06 for the Period Ending 11/01/06

AON PLC FORM 8-K. (Current report filing) Filed 11/02/06 for the Period Ending 11/01/06 AON PLC FORM 8-K (Current report filing) Filed 11/02/06 for the Period Ending 11/01/06 Telephone (44) 20 7623 5500 CIK 0000315293 Symbol AON SIC Code 6411 - Insurance Agents, Brokers, and Service Industry

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

PROOFPOINT INC FORM 8-K. (Current report filing) Filed 01/28/16 for the Period Ending 01/28/16

PROOFPOINT INC FORM 8-K. (Current report filing) Filed 01/28/16 for the Period Ending 01/28/16 PROOFPOINT INC FORM 8-K (Current report filing) Filed 01/28/16 for the Period Ending 01/28/16 Address 892 ROSS DRIVE SUNNYVALE, CA 94089 Telephone 408-517-4710 CIK 0001212458 Symbol PFPT SIC Code 7374

More information

Exhibit In the third quarter of 2017:

Exhibit In the third quarter of 2017: Exhibit 99.1 Selective Reports Strong Results for the Third Quarter of 2017 - Net Income per Diluted Share of $0.79; Operating Income 1 per Diluted Share of $0.72; Dividend Increase of 13% to $0.18 per

More information

May 1, 2018 FIRST QUARTER 2018 SUMMARY. Underwriting Results by Segment. Property Segment

May 1, 2018 FIRST QUARTER 2018 SUMMARY. Underwriting Results by Segment. Property Segment RenaissanceRe Reports Net Income of $56.7 Million for the First Quarter of, or $1.42 Per Diluted Common Share; Quarterly Operating Income of $135.2 Million or $3.40 Per Diluted Common Share May 1, PEMBROKE,

More information

INVESTOR FINANCIAL SUPPLEMENT SEPTEMBER 30, 2006

INVESTOR FINANCIAL SUPPLEMENT SEPTEMBER 30, 2006 INVESTOR FINANCIAL SUPPLEMENT SEPTEMBER 30, 2006 As of October 24, 2006 Address: A.M. Best Fitch Standard & Poor s Moody s 690 Asylum Avenue Insurance Financial Strength Ratings: Hartford, CT 06105 Hartford

More information

Washington,D.C FORM8-K CURRENTREPORT PURSUANTTOSECTION13OR15(d)OFTHE

Washington,D.C FORM8-K CURRENTREPORT PURSUANTTOSECTION13OR15(d)OFTHE UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM8-K CURRENTREPORT PURSUANTTOSECTION13OR15(d)OFTHE SECURITIESEXCHANGEACTOF1934 Date of Report (Date of earliest event reported): July

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K CURRENT REPORT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K CURRENT REPORT (State or other jurisdiction of incorporation) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange

More information

STATE AUTO FINANCIAL CORPORATION (Exact name of Registrant as specified in its charter)

STATE AUTO FINANCIAL CORPORATION (Exact name of Registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

Oracle Corporation (Exact name of registrant as specified in its charter)

Oracle Corporation (Exact name of registrant as specified in its charter) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date

More information

EMC Insurance Group Inc. Reports 2017 Third Quarter and Nine Month Results

EMC Insurance Group Inc. Reports 2017 Third Quarter and Nine Month Results NEWS RELEASE EMC Insurance Group Inc. Reports 2017 Third Quarter and Nine Month Results 11/8/2017 Third Quarter Ended September 30, 2017 Net Income Per Share $0.03 Non-GAAP Operating Income Per Share*

More information

Global Loss Triangles Supplement ACE Limited

Global Loss Triangles Supplement ACE Limited Global Loss Triangles Supplement 2009 ACE Limited Investor Contact Helen M. Wilson Phone: (441) 299-9283 Fax: (441) 292-8675 email: investorrelations@acegroup.com This report is for informational purposes

More information

Section 1: 8-K (CURRENT REPORT ON FORM 8K DISCLOSING Q RESULTS)

Section 1: 8-K (CURRENT REPORT ON FORM 8K DISCLOSING Q RESULTS) Section 1: 8-K (CURRENT REPORT ON FORM 8K DISCLOSING Q4 2017 RESULTS) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities

More information

The Hartford Financial Services Group, Inc. October 25, Third Quarter 2018 Financial Results

The Hartford Financial Services Group, Inc. October 25, Third Quarter 2018 Financial Results The Hartford Financial Services Group, Inc. October 25, 2018 Third Quarter 2018 Financial Results Safe harbor statement Certain statements made in this presentation should be considered forward-looking

More information

HiltonGrandVacationsInc.

HiltonGrandVacationsInc. UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION WASHINGTON,D.C.20549 FORM8-K CURRENTREPORT PursuanttoSection13or15(d) ofthesecuritiesexchangeactof1934 DateofReport(DateofEarliestEventReported):November1,2017

More information

W. R. Berkley Corporation Reports Fourth Quarter Results

W. R. Berkley Corporation Reports Fourth Quarter Results W. R. Berkley Corporation Reports Fourth Quarter Results Released : 01/31/2017 Net Income Increases 39% to $153 Million, Return on Equity of 13.3% GREENWICH, Conn. (BUSINESS WIRE) W. R. Berkley Corporation

More information

2016 AmTrust Financial Conference

2016 AmTrust Financial Conference November 16, 8, 2017 2016 2016 AmTrust Financial Investor Services, Inc. Conference Third Quarter 2017 Financial Results CONSISTENT VISION DIFFERENTIATED MODEL SUSTAINABLE GROWTH Safe Harbor Statement

More information

Oracle Corporation (Exact name of registrant as specified in its charter)

Oracle Corporation (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

INVESTOR FINANCIAL SUPPLEMENT

INVESTOR FINANCIAL SUPPLEMENT INVESTOR FINANCIAL SUPPLEMENT DECEMBER 31, 2004 As of January 25, 2005 Address: A.M. Best Fitch Standard & Poor s Moody s 690 Asylum Avenue Insurance Financial Strength Ratings: Hartford, CT 06115 Hartford

More information