What does medical costs mean?

Expenses incurred for the provision of healthcare services and the settlement of medical claims for insured members. This is the primary cost driver for health insurance entities and is used to calculate the medical loss ratio.

Chubb CB Medical costs

Segments

By segment

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North America Commercial P&C Insurance$3.22B+6.2%

Overseas General Insurance$1.65B+18.3%

North American Personal P&C Insurance$1.03B-50.6%

Global Reinsurance$137M-43.4%

North America Agricultural Insurance$53M-42.4%

Segment Life$28M+7.7%

Other financials

Income statement

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Revenue$14.8B+10.6%

Net income$2.3B+74.3%

EPS (diluted)$5.88+78.7%

Balance sheet

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Cash & equivalents$2.6B+17.1%

Total debt$18.7B+19.2%

Total equity$73.8B+12.3%

Total assets$275.46B+9.4%

Cash flow

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Operating cash flow$3.9B+152%

Valuation

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Market cap$132.43B+16.6%

Enterprise value$148.5B+16.6%

P/E11.7×-0.6×

P/S2.2×+0.2×

Profitability

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Net margin18.6%+3.5pp

Returns & leverage

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Return on equity16.2%+2.8pp

Debt / equity0.3×0.0×

Questions, answered.

What does medical costs mean?: Expenses incurred for the provision of healthcare services and the settlement of medical claims for insured members. This is the primary cost driver for health insurance entities and is used to calculate the medical loss ratio.