Lower cat losses, underwriting gains drive Chubb’s blowout fourth quarter

For the full year, net income per share reached $25.68, up 13.1%, while core operating income per share rose 10.8% to $24.79. P&C net premiums written totaled $47.56 billion, up 5.4%, with underwriting income of $6.53 billion and a combined ratio of 85.7%.