Chubb Limited Earnings Recaps
Q1 2026
Apr 22, 2026
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.
Key takeaways
- 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.
Q3 2025
Oct 23, 2025
Chubb Limited reported a record third quarter with core operating income of $3 billion, marking a 29% increase year-over-year, driven by strong underwriting performance and solid premium growth across diverse segments.
Key takeaways
- EPS rose 31% to $7.49, bolstered by record underwriting income of $2.3 billion and an impressive combined ratio of 81.8%.
- Total company premiums increased by 7.5%, with significant growth in consumer premiums (up 16%) and a 3.3% rise in commercial premiums.
- Tangible book value per share grew 17% year-over-year and 6.6% sequentially, indicating robust wealth creation.
- Operating cash flow reached $4.5 billion, contributing to a nearly 10% annual growth in invested assets.
- Continued pricing pressures in global commercial P&C indicate a transitional market, with a rational pricing environment in middle market and small commercial segments.