Chubb delivered a robust first quarter with 10.7% premium growth, solid underwriting, and a 21.5% increase in tangible book value per share, demonstrating resilience amid geopolitical and economic uncertainties.

• Core operating earnings rose to $2.7 billion ($6.82/share), with adjusted EPS up 13.5% excluding catastrophe impacts.
• P&C premiums grew 7.2%, driven by strong international retail performance (+15%) and North American personal lines (+14.2%), while property pricing remained soft, especially in large account property.
• Investment income increased over 10% to $1.8 billion with a fixed income yield of 5.1%; invested assets reached $170 billion.
• International retail premiums increased over 15%, with notable growth across Europe (+17.5%), Asia (+12%), and Latin America (+18%), though certain market rates softened.
• North American commercial premiums grew 2.8%, with casualty rates up 8.4% and property rates down 6.3%, highlighting ongoing rate variability in different segments.