2024-04-24 12:48:08 ET
Chubb Limited (CB)
Earnings Conference Call
April 24, 2024 08:30 a.m. ET
Company Participants
Evan Greenberg - Chairman, Chief Executive Officer
Peter Enns - Executive Vice President, Chief Financial Officer
John Lupica - Vice Chairman, President, North America Insurance
Karen Beyer - Senior Vice President, Investor Relations
Conference Call Participants
David Motemaden - Evercore ISI
Mike Zaremski - BMO Capital Markets
Gregory Peters - Raymond James
Ryan Tunis - Autonomous
Brian Meredith - UBS
Bob Huang - Morgan Stanley
Robert Cox - Goldman Sachs
Jimmy Bhullar - JP Morgan
Cave Montazeri - Deutsche Bank
Elyse Greenspan - Wells Fargo
Presentation
Operator
Operator
Thank you for standing by. My name is Eric, and I will be your conference operator today. At this time, I would like to welcome everyone to the Chubb Limited First Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions].
I would now like to turn the call over to Karen Beyer, Senior Vice President, Investor Relations. Please go ahead.
Karen Beyer
Good morning, everyone. Welcome to our March 31, 2024 first quarter earnings conference call. Our report today will contain forward-looking statements, including statements relating to company performance, pricing, and business mix, growth opportunities, and economic and market conditions, which are subject to risk and uncertainty, and actual results may differ materially. Please see our recent SEC filings, earnings release, and financial supplements, which are available on our website at investors.chubb.com for more information on factors that could affect these matters.
We will also refer today to non-GAAP financial measures, reconciliations of which to the most direct comparable GAAP measures and related details are provided in our earnings press release and financial supplement.
I'd like to introduce our speakers this morning. First, we have Evan Greenberg, Chairman and Chief Executive Officer, followed by Peter Enns, our Chief Financial Officer. We'll then take your questions. Also with us to assist with your questions are several members of our management team.
And now it's my pleasure to turn the call over to Evan.
Evan Greenberg
Good morning. We had an excellent start to the year. Core operating income was up double digit driven by all three sources of income. P&C underwriting income was up over 15% with a published combined ratio of 86%. Investment income was up more than 23%, and life insurance income was up almost 10%. ...
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Chubb Limited (CB) Q1 2024 Earnings Call Transcript