Chubb to Acquire Cigna's $3 Billion Premium Revenue Personal Accident, Supplemental Health and Life Insurance Business in Seven Asia-Pacific Markets for $5.75 Billion
Oct 8, 2021
- Acquisition further balances Asia's share of Chubb's global portfolio – from approximately $4 billion to $7 billion in net premiums written, or approximately 20% of the company (excluding China) - Global A&H premiums grow from $3.7 billion to $6.1 billion - Asia life company premiums increase from approximately $1 billion to $4 billion - Immediately accretive to core operating income per share and ROE for full-year 2023 by 6% and approximately 55 bps, respectively