{"id":2298,"date":"2026-02-12T08:47:17","date_gmt":"2026-02-12T08:47:17","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/2298\/"},"modified":"2026-02-12T08:47:17","modified_gmt":"2026-02-12T08:47:17","slug":"chubb-books-record-p-c-underwriting-income-combined-ratio-in-q3","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/2298\/","title":{"rendered":"Chubb Books Record P\/C Underwriting Income, Combined Ratio in Q3"},"content":{"rendered":"

Insurer Chubb booked third quarter net income 20.5% higher than a year ago at $2.8 billion\u2014with record P\/C underwriting income of $2.26 billion.<\/p>\n

Underwriting income was 55% more than the same quarter last year, and the combined ratio was also a record at 81.8.<\/p>\n

\"Chubb-logo\"<\/a>While Chubb benefitted from much lower catastrophe losses during the third quarter\u2014$285 million pretax compared to $765 million for Q3 2024 ($250 million from Hurricane Helene)\u2014CEO Even G. Greenberg in a statement said the \u201creal story is our underlying underwriting results, which were excellent,\u201d as well as strong favorable reserve development of $361 million versus $244 million a year ago.<\/p>\n

Consolidated net premiums written increased 7.5% to about $14.9 billion.<\/p>\n

Total North America net premiums written were up 4.4% to about $8.9 billion, with a NPW increase of about 8.1% in North America personal lines, where the combined ratio was 65.1 compared to 81.3 in Q3 2024.<\/p>\n

North American commercial NPW was up 2.9% to about $5.7 billion, with 3.6% NPW growth in middle market and small commercial. The combined ratio improved 5 points to 81.5. Excluding catastrophes, the North American P\/C combined ratio was flat at 80.8.<\/p>\n

Chubb said middle market and small commercial NPW was up 6.9% excluding workers\u2019 compensation premium adjustments made every year in Q3. P\/C lines grew 8.7% and financial lines grew 0.6%.<\/p>\n

\n Topics
\n Profit Loss<\/a>
\n Underwriting<\/a>
\n Property Casualty<\/a>\n <\/p>\n

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