Chubb (CB) Company Report

Q3 2025 core operating income hit $3.0 billion (+29%), driving EPS of $7.49 (+31%); underwriting income was $2.3 billion (+55%) on an 81.8% combined ratio, while adjusted net investment income reached $1.78 billion (+8.3%).
Total premiums rose 7.5% (consumer +16%, commercial +3.3%), with life insurance premiums up 24.5% and international P&C growth led by Asia (+14%) and Latin America (+10.5%).
Capital management included $1.6 billion returned to shareholders (dividends $385 million; buybacks $1.2 billion) and issuance of $2.2 billion of debt at 4% average cost and 12-year term.
Guidance and outlook: core operating ROE was 24.5% in Q3; Q4 adjusted net investment income is expected at $1.775–1.81 billion, full-year core tax rate at 19.5–20%, and medium-term target core operating ROE of 14+%.

Oct 22, 2025, 12:30 PM

Transcript

Chubb reports Q3 2025 results

Earnings

Share Buyback

Chubb generated $2.80 billion of net income (up 20.5%), or $6.99 per share, and $3.00 billion of core operating income (up 28.7%), or $7.49 per share for Q3 2025.
Consolidated net premiums written were $14.9 billion (up 7.5%), including $12.93 billion of P&C (up 5.3%) and $1.93 billion of life insurance (up 24.6%).
P&C underwriting income reached a record $2.26 billion (up 55.0%) with a combined ratio of 81.8%, and current accident year underwriting income ex-catastrophe was $2.18 billion (up 10.3%) with a combined ratio of 82.5%.
Book value per share rose 4.7% to $182.22, and tangible book value per share increased 6.6% to $120.13 from June 30, 2025.
Total capital returned to shareholders was $1.62 billion, including $1.23 billion in share repurchases (average price $277.67) and $385 million in dividends.

Oct 21, 2025, 8:19 PM

8-K

Chubb reports Q3 2025 earnings

Earnings

Share Buyback

Net income per share of $6.99, up 22.6% year-over-year.
Core operating EPS of $7.49, up 30.9% year-over-year.
Consolidated net premiums written of $14.9 billion, up 7.5%.
Record P&C combined ratio of 81.8%, down from 87.7% a year ago.

Oct 21, 2025, 8:10 PM

Press Release

Chubb Limited launches $1.25 B 4.900% Senior Notes due 2035

Debt Issuance

Chubb INA Holdings LLC, unconditionally guaranteed by Chubb Limited, has agreed to sell $1.25 billion of 4.900% Senior Notes due 2035 in a public offering.
The notes will settle on August 6, 2025 (T+2), mature on August 15, 2035, and pay interest semi-annually on February 15 and August 15, with a long first coupon.
Initial pricing set the public offering price at 99.951% and underwriting purchase price at 99.501%, plus accrued interest.
Redemption provisions include a make-whole call prior to May 15, 2035 (Treasury + 15 bps) and a par call on or after that date; no sinking fund or conversion features.
Joint book-running managers are Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and Wells Fargo Securities, LLC, among others.

Aug 6, 2025, 12:00 AM

8-K

Chubb Ltd AGM Updates: Capital Renewal, Dividend Increase & Share Buyback Program

Proxy Vote Outcomes

Dividends

Share Buyback

Board Change

Auditor Change

Capital Band Renewal: Shareholders approved a renewal enabling a 20% adjustment in share capital until May 15, 2026, as part of amendments to the Articles of Association .
Dividend Increase: Announced a 6.6% annual dividend increase to $3.88 per share (or $0.97 quarterly), marking the 32nd consecutive annual increase .
Share Buyback Program: The board authorized a new $5 billion share repurchase program effective July 1, 2025, while maintaining the existing program through June 30, 2025 .
AGM Proxy Vote Outcomes: Decisive proxy vote results on management reports, director elections, and auditor appointments underscored key governance updates .

May 16, 2025, 12:00 AM

8-K Press Release

Chubb Announces Q1 2025 Earnings Results

Earnings

Dividends

M&A

Strong operational performance was achieved with core operating income of $1.5 billion despite significant catastrophe losses, including a $1.6 billion impact from California wildfires.
The company delivered robust underwriting and premium growth across global P&C and Life divisions with constant dollar improvements and a combined ratio of 95%.
Solid balance sheet metrics were reported with a book value of $65.7 billion, adjusted operating cash flow of $2 billion, and $751 million returned to shareholders through repurchases and dividends.
Strategic investments were highlighted, including the acquisition of Liberty Mutual's business in Highland and Vietnam to strengthen international growth prospects.

Apr 23, 2025, 12:31 PM

Transcript

Chubb Ltd Q1 2025 Earnings and Financial Results

Earnings

Revenue Acceleration/Inflection

Reported Net income of $1.33B and core operating income of $1.49B for Q1 2025, impacted by catastrophe losses including $1.47B from California wildfires.
Delivered net income per share of $3.29 and core operating income per share of $3.68, reflecting solid operating performance.
Achieved consolidated net premiums written of $12.6B with a 5.7% growth in constant dollars, while P&C net premiums reached $10.93B.
Maintained a P&C combined ratio of 95.7% (or 82.3% excluding catastrophe losses and prior period development).
Generated underwriting income of $441M and witnessed Life Insurance net premiums written grow by 10.3% in constant dollars.

Apr 22, 2025, 12:00 AM

Press Release 8-K

Chubb Ltd Completes Share Capital Reduction

Share Buyback

Chubb Ltd’s Board of Directors completed a share capital reduction of CHF 3,759,282.50 by canceling 7,518,565 treasury shares repurchased in 2024.
The amendment to the Articles of Association reduced the share capital from CHF 209,812,993 (419,625,986 shares) to CHF 206,053,710.50 (412,107,421 shares), effective upon registration with the Zurich Commercial Register.

Mar 10, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Chubb.

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