The Chubb Corporation announced on April 7 that it estimates the impact of losses from catastrophes for the first quarter of 2015 to be approximately $250 million before tax ($0.69 per share after tax).
The Warren, New Jersey-headquartered Chubb said catastrophe losses during the quarter were primarily related to nine severe winter weather and freeze events in the U.S.
In comparison, Chubb’s catastrophe losses during the 2014 first quarter were $199 million before tax ($0.52 per share after tax), related mostly to severe winter weather in the U.S. In the 2013 first quarter, the adverse impact of catastrophes was $18 million before tax ($0.04 per share after tax).
Chubb said it expects to announce its 2015 first quarter financial results as scheduled on April 23.
Topics Catastrophe Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Experian Launches Insurance Marketplace App on ChatGPT 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway From This Issue
