Latest news with #Travelers
Reuters
4 hours ago
- Business
- Reuters
Insurer Chubb's second-quarter profit rises on strong underwriting business, investment income
July 22 (Reuters) - Insurance company Chubb reported a rise in second-quarter profit on Tuesday, helped by improved underwriting performance and investment returns. Macroeconomic volatility and the unpredictable impact of severe weather events, particularly wildfires and hurricanes, have sustained demand for risk mitigation offered by insurance products. Stronger underwriting reflects an insurer's ability to price risk effectively, bolstering profits despite higher claims. The insurer's net investment income surged 6.8% to a record $1.57 billion during the reported quarter. Chubb's global P&C (property and casualty) net premiums written, excluding agriculture, increased 5.8% to $11.66 billion for the three months ended June 30. "We produced a record $2.5 billion in core operating income, up nearly 13% from a year ago, with operating EPS up 14%, driven by record underwriting and strong investment income, and double-digit growth in life income," Chubb CEO Evan Greenberg said. Last week, industry bellwether Travelers (TRV.N), opens new tab exceeded Wall Street profit estimates, also benefiting from effective underwriting and portfolio management. Chubb reported a property and casualty combined ratio of 85.6%, compared to 86.8% a year earlier. A ratio below 100% indicates the insurer earned more in premiums than it paid out in claims. The company's core operating income, net of tax, rose to $2.48 billion, or $6.14 per share, in the quarter, compared with $2.20 billion, or $5.38 per share, a year earlier.
Yahoo
a day ago
- Business
- Yahoo
RenaissanceRe (RNR) Q2 Earnings Report Preview: What To Look For
Reinsurance provider RenaissanceRe (NYSE:RNR) will be reporting earnings this Wednesday after market close. Here's what to look for. RenaissanceRe beat analysts' revenue expectations by 14.4% last quarter, reporting revenues of $3.47 billion, up 33.5% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' net premiums earned estimates but a significant miss of analysts' EPS estimates. Is RenaissanceRe a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting RenaissanceRe's revenue to grow 4.3% year on year to $2.95 billion, slowing from the 52.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $9.78 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. RenaissanceRe has missed Wall Street's revenue estimates five times over the last two years. Looking at RenaissanceRe's peers in the insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Progressive delivered year-on-year revenue growth of 21.3%, beating analysts' expectations by 1.4%, and Travelers reported revenues up 7.3%, in line with consensus estimates. Progressive traded up 2.2% following the results while Travelers was also up 5.5%. Read our full analysis of Progressive's results here and Travelers's results here. Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. RenaissanceRe is down 5.3% during the same time and is heading into earnings with an average analyst price target of $280.09 (compared to the current share price of $231.95). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
a day ago
- Business
- Yahoo
What To Expect From First American Financial's (FAF) Q2 Earnings
Title insurance provider First American Financial (NYSE:FAF) will be reporting results this Wednesday after the bell. Here's what you need to know. First American Financial beat analysts' revenue expectations by 3.4% last quarter, reporting revenues of $1.58 billion, up 11.1% year on year. It was an incredible quarter for the company, with an impressive beat of analysts' EPS estimates. Is First American Financial a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting First American Financial's revenue to grow 8.8% year on year to $1.75 billion, a reversal from the 2.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.40 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. First American Financial has missed Wall Street's revenue estimates four times over the last two years. Looking at First American Financial's peers in the property & casualty insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Progressive delivered year-on-year revenue growth of 21.3%, beating analysts' expectations by 1.4%, and Travelers reported revenues up 7.3%, in line with consensus estimates. Progressive traded up 2.2% following the results while Travelers was also up 5.5%. Read our full analysis of Progressive's results here and Travelers's results here. The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the property & casualty insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. First American Financial is down 6.4% during the same time and is heading into earnings with an average analyst price target of $76.50 (compared to the current share price of $56.43). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Selective Insurance Group Earnings: What To Look For From SIGI
Property and casualty insurer Selective Insurance Group (NASDAQ:SIGI) will be announcing earnings results this Wednesday after market hours. Here's what investors should know. Selective Insurance Group missed analysts' revenue expectations by 1.4% last quarter, reporting revenues of $1.29 billion, up 10.3% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' book value per share estimates and a miss of analysts' EPS estimates. Is Selective Insurance Group a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Selective Insurance Group's revenue to grow 10.5% year on year to $1.32 billion, slowing from the 14.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.52 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Selective Insurance Group has missed Wall Street's revenue estimates five times over the last two years. Looking at Selective Insurance Group's peers in the property & casualty insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Progressive delivered year-on-year revenue growth of 21.3%, beating analysts' expectations by 1.4%, and Travelers reported revenues up 7.3%, in line with consensus estimates. Progressive traded up 2.2% following the results while Travelers was also up 5.5%. Read our full analysis of Progressive's results here and Travelers's results here. The euphoria surrounding Trump's November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the property & casualty insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. Selective Insurance Group is up 1.3% during the same time and is heading into earnings with an average analyst price target of $94.67 (compared to the current share price of $88.59). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
a day ago
- Business
- Yahoo
Stewart Information Services (STC) To Report Earnings Tomorrow: Here Is What To Expect
Title insurance provider Stewart Information Services (NYSE:STC) will be reporting results this Wednesday afternoon. Here's what to expect. Stewart Information Services beat analysts' revenue expectations by 2.8% last quarter, reporting revenues of $612 million, up 10.4% year on year. It was a softer quarter for the company, with a significant miss of analysts' EPS estimates. Is Stewart Information Services a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Stewart Information Services's revenue to grow 10% year on year to $662.6 million, in line with the 9.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.18 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Stewart Information Services has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 1.8% on average. Looking at Stewart Information Services's peers in the property & casualty insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Progressive delivered year-on-year revenue growth of 21.3%, beating analysts' expectations by 1.4%, and Travelers reported revenues up 7.3%, in line with consensus estimates. Progressive traded up 2.2% following the results while Travelers was also up 5.5%. Read our full analysis of Progressive's results here and Travelers's results here. The euphoria surrounding Trump's November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the property & casualty insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. Stewart Information Services is down 11.1% during the same time and is heading into earnings with an average analyst price target of $72 (compared to the current share price of $58.34). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
