Insurance Company Chubb Projects Up to $300M Pre-Tax Loss on Hurricane

Dow Jones11-02

By Connor Hart

Chubb said it expects pre-tax losses between $250 million and $300 million in the fourth quarter because of Hurricane Milton.

After-tax, the Swiss-based commercial insurance company on Friday guided for losses between $208 million and $250 million.

These losses are net of reinsurance and include reinstatement premiums, it said. The estimates include losses from the company's commercial and personal property business, its casualty insurance business, as well as its reinsurance operations.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 01, 2024 17:24 ET (21:24 GMT)

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