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Why Chubb Stock Rose 18.1% in October

TheMotleyFool

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Shares of Chubb (NYSE: CB) rose 18.1% in October, according to data provided by S&P Global Market Intelligence.

The insurer announced earnings on Oct. 25 and beat estimates for revenue and earnings -- leading analysts to raise their price targets for the insurer.

Chubb reported solid growth in the third quarter, with revenue up 12% from the same quarter last year. The insurer saw its net premiums earned increase by 15% from last year -- seeing growth across its different policies. Premiums from its property and casualty lines of coverage were up 11% (in constant dollars). Premiums from life insurance grew 109% -- reflecting the closing of its acquisition of Cigna's business in Asia.

Source Fool.com

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