best insurance stock - Chubb Shares forecast 2013, Chubb insurance plans 2013, Chubb's underwriting income : Shares of Chubb shut at $77.97 Monday, trading for 12.5 times the consensus 2013 turn a profit per part guess of $6.25. The consensus 2014 turn a profit per part guess is $6.64. The shares returned xi percentage during 2012. Based on a quarterly payout of 41 cents, the shares accept a dividend yield of 1.64 percent.
Chubb plans to denote its fourth-quarter results on Jan. 31, afterward the marketplace close. The companionship on Dec. xi announced that it had estimated that its losses from Hurricane Sandy would last $880 million, or $570 1 1000 m afterward taxes. The losses are expected to lower the company's turn a profit past times $2.14 a share.
When announcing the loss estimate, Chubb said it was suspending its part buyback program, but that it expected repurchases to resume, although it no longer expected "to consummate repurchases nether its electrical flow $1.2 billion ascendency past times the halt of Jan 2013 equally previously contemplated." The companionship too expects to denote an additional buyback computer programme afterward it announces its fourth-quarter results.
For the kickoff iii quarters of 2012, Chubb's underwriting income totaled $880 million. During 2011, underwriting income totaled $574 million.
The consensus guess for the 4th quarter is for the companionship to study a cyberspace loss of 45 cents a share, compared to turn a profit per part of $1.98 inwards the 3rd quarter too $1.63 inwards the 4th quarter of 2011.