Chubb reports record 2024 earnings of $9.27B, up 2.7%, despite $1.5B in California wildfire costs.

Chubb, a major insurer, reported record earnings of $9.27 billion for 2024, up 2.7%, despite facing significant wildfire costs in California estimated at $1.5 billion. The company saw increases in premiums and underwriting income, highlighting resilience in insurance spending amid economic and environmental uncertainties. Chubb's CEO expressed concern for wildfire victims, noting the insurer's efforts to assist affected policyholders.

2 months ago
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