Chubb Doubles Profit in First Half of Year

The property and casualty insurer Chubb Ltd. has reported net income of $1.3 billion in the second quarter, up 80% from $726 million in the same quarter last year. For the first half of the year, net income was $2.4 billion, up 106% from $1.16 billion in the same period last year. Net premiums written for North American commercial property and casualty insurance were $3.2 billion in the second quarter, down 1.3% from the prior year quarter. The segment’s combined ratio of 85.2% was a decrease from 89.5% in the second quarter of 2016. Chubb’s adjusted net inve...