Chubb Limited today announced preliminary net loss estimates in the fourth quarter of 2018 attributable to the California wildfires of approximately $225 million pre-tax, or $195 million after tax.
These estimates do not include losses from Hurricane Michael or other weather events occurring globally in the quarter.
Hurricane Michael losses: $150-$250 million pre-tax
The company believes its estimated losses from Hurricane Michael are currently at the upper end of the range of $150 million to $250 million pre-tax that was previously disclosed.
These estimates are net of reinsurance, include reinstatement premiums and comprise losses generated from the company's commercial and personal property & casualty insurance businesses as well as its reinsurance operations.
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