Chubb has reported a second-quarter profit of $US726 million ($965.49 million), compared with $US942 million ($1.25 billion) in the corresponding period last year.

The property and casualty combined operating ratio deteriorated to 91.2% from 87.7%. 

Gross written premium was $US9.27 billion ($12.32 billion), up from $US6.5 billion ($8.64 billion), and net investment income totalled $US708 million ($941.3 million), up from $US562 million ($747.19 million).

Chairman and CEO Evan Greenberg says the operating result is “very good” considering the recent rise in global natural catastrophe losses.

And he says the post-merger integration of Ace and Chubb is “on track”.

“In fact, the strength of the new Chubb, including cross-selling and the introduction of our total product portfolio to an expanded distribution base, is receiving greater attention.

“While [it’s] early days, the efforts are beginning to contribute to revenue growth.”