![\"\"](\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/chubb-300x169.png\")
CEO Evan G. Greenberg said Chubb\u2019s Q2 underwriting result \u201cwas supported by good premium growth and underwriting margin improvement.\u201d<\/p>\nChubb followed up a challenging first quarter due to the California wildfires with second quarter net income of nearly $3 billion, up about 33% compared to the same quarter a year ago.<\/p>\n
Second quarter P\/C underwriting income was up 15% to a record $1.6 billion, with a combined ratio of 85.6%. Total after-tax favorable prior year development was $196 million, compared with $167 million last year.<\/p>\n
Catastrophe losses during Q2 were $510 million after tax\u2014higher than the $482 million in catastrophe losses absorbed a year ago but far less than $1.3 billion in catastrophe losses after tax, mostly from the wildfires, booked in Q1 2025, which dropped net income 38%.<\/p>\n
CEO Evan G. Greenberg said Chubb\u2019s Q2 underwriting result \u201cwas supported by good premium growth and underwriting margin improvement.\u201d<\/p>\n
Consolidated net premiums written increased 6.3% to about $14.2 billion.<\/p>\n
Total North America net premiums written were up 4.5% to about $8.4 billion, with a NPW increase of about 9% in North America personal lines, where the combined ratio was 73.5\u2014a 10-point improvement over Q2 2024 and far better than 159.5 turned in for Q1 2025.<\/p>\n
North American commercial NPW was up 4.1% to about $5.7 billion, with 8.5% NPW growth in middle market and small commercial.<\/p>\n
\u201cThe commercial P\/C underwriting environment for large account retail and E&S property-related business has grown much more competitive with rates dropping, though terms and conditions remain steady,\u201d said Greenberg. \u201cOn the other hand, in the middle market and small commercial P&C segment\u2026property market conditions remain disciplined and orderly.\u201d<\/p>\n
For the first half 2025, net income is about $4.3 billion, down from $4.4 billion recorded at June 30 last year. P\/C underwriting income is down 26% to about $2.1 billion for H1 2025, and the combined ratio stands at 90.4 compared to 86.4 at this time a year ago.<\/p>\n
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\n Trends<\/a>
\n Profit Loss<\/a>
\n Underwriting<\/a>
\n Pricing Trends<\/a>\n <\/p>\n