Total operating revenues improved 7.4% year over year to $15.3 billion. The top line beat the Zacks Consensus Estimate by 1.7%.<\/p>\n
Chubb\u2019s strong performance was driven by solid underwriting, robust premium growth and record investment income. These results were further supported by a significant reduction in catastrophe-related pressure compared with the prior year, leading to an improved combined ratio.<\/p>\n
Chubb Limited Price, Consensus and EPS Surprise Chubb Limited price-consensus-eps-surprise-chart<\/a> | Chubb Limited Quote<\/a><\/p>\n CB\u2019s Quarter in Detail<\/p>\n Net premiums written improved 8.9% year over year to $13.1 billion. Our estimate was $13 billion, while the Zacks Consensus Estimate was pegged at $12.9 billion.<\/p>\n Net investment income was a record $1.7 billion, up 8%, while adjusted net investment income was $1.8 billion, up 7.3% year over year.<\/p>\n Property and casualty (P&C) underwriting income was a record $2.2 billion, which rose 39.6% year over year. The Zacks Consensus Estimate was pegged at $1.8 billion. P&C current accident year underwriting income ex cats was $2.3 billion, up 16.5% year over year.<\/p>\n Pre-tax catastrophe losses were $365 million, much lower than the year-ago loss of $607 million.<\/p>\n The P&C combined ratio improved 450 basis points (bps) on a year-over-year basis to 81.2% in the quarter under review. The Zacks Consensus Estimate for the combined ratio was pegged at 83.6%.<\/p>\n Segmental Update<\/p>\n North America Commercial P&C Insurance: Net premiums written increased 4.3% year over year to $5.1 billion. Our estimate was $5 billion. The combined ratio improved 180 bps to 78.8%. Our estimate was 79.6%.<\/p>\n North America Personal P&C Insurance: Net premiums written climbed 6.1% year over year to $1.72 billion. Our estimate was $1.75 billion. The combined ratio improved 850 basis points to 74.1%, reflecting lower catastrophe losses and higher favourable prior-period development. Our estimate was 78.8%.<\/p>\n North America Agricultural Insurance: Net premiums written increased 45.1% from the year-ago quarter to $459 million, primarily due to a rise in exposure in the company\u2019s crop insurance business, which more than offset year-over-year declines in commodity prices. The consensus estimate was $366.5 million. The combined ratio improved 910 bps to 67%.<\/p>\n Overseas General Insurance: Net premiums written jumped 10.8% year over year to $3.8 billion. The Zacks consensus estimate was 3.7 billion. The combined ratio improved 460 bps to 83%. Our estimate was 85.7%.<\/p>\n Global Reinsurance: Net premiums written declined 3.9% year over year to $217 million. Our estimate was $235.1 million. The combined ratio improved 2,830 bps to 71.6%. Our estimate was 84.4%<\/p>\n Life Insurance: Net premiums written increased 16.9% year over year to $1.8 billion, which matched our estimates. The growth covers 17.8% in International Life and 17.0% in Chubb Benefits.\u00a0 The Life Insurance segment income was $322 million, up 19.3% in constant dollars. The Zacks Consensus Estimate was pegged at $322.7 million.<\/p>\n Full-Year Highlights of CB<\/p>\n Chubb 2025 core operating income of $24.79 per share marginally missed the Zacks Consensus Estimate of $24.83. The bottom line increased 10.8% year over year.<\/p>\n Net premiums written of $54.8 billion increased 6.6%.<\/p>\n P&C underwriting income of $6.5 billion improved 11.6% year over year. Combined ratio was 85.7%, up 90 bps.<\/p>\n Financial Update of CB<\/p>\n The cash balance of $2.5 billion, as of Dec. 31, 2025, decreased 3.1% from the 2024-end level.<\/p>\n Total shareholders\u2019 equity grew 16.7% from the 2024-end level to about $80 billion as of Dec. 31, 2025.<\/p>\n Book value per share, as of Dec. 31, 2025, was $188.59, up 18% from the figure as of Dec. 31, 2024.<\/p>\n Core operating return in the fourth quarter of 2025 on tangible equity expanded 150 bps year over year to 23.5%.<\/p>\n Operating cash flow was $4.06 billion in the quarter under consideration, while adjusted operating cash flow was $4.17 billion.<\/p>\n Capital Deployment of CB<\/p>\n In 2025, Chubb returned $4.91 billion to shareholders, including $3.39 billion in share repurchases and $381 million in dividends.<\/p>\n CB\u2019s Zacks Rank<\/p>\n Chubb currently carries a Zacks Rank #3 (Hold). You can see the complete list of today\u2019s Zacks #1 Rank (Strong Buy) stocks here.<\/a><\/p>\n Performance of Other Insurers<\/p>\n The Travelers Companies, Inc. (TRV Quick QuoteTRV<\/a> – Free Report<\/a>) reported fourth-quarter 2025 core income of $11.13 per share, which beat the Zacks Consensus Estimate by 32% and improved 22% year over year. Travelers\u2019 total revenues increased 3.2% from the year-ago quarter to $12.4 billion, primarily driven by higher premiums, net investment income and other revenues. The top line beat the Zacks Consensus Estimate by 0.08%.<\/p>\n Net written premiums increased 1% year over year to a record $10.8 billion. Net investment income increased 10.3% year over year to $1 billion. The figure matched the Zacks Consensus Estimate. Travelers witnessed an underwriting gain of $1.7 billion, up 21.7% year over year. The consolidated underlying combined ratio of 82.2 improved 180 bps year over year.<\/p>\n AXIS Capital Holdings Limited (AXS Quick QuoteAXS<\/a> – Free Report<\/a>) reported fourth-quarter 2025 operating income of $3.25 per share, which outpaced the Zacks Consensus Estimate by 9.4% and rose 9.4% year over year.<\/p>\n Total operating revenues of $1.7 billion beat the Zacks Consensus Estimate by 5.2%. The top line rose nearly 9% year over year on higher premiums earned. Net premiums written rose 13% to $1.4 billion, with an increase of 14% in the Insurance segment, and growth of 5% in the Reinsurance segment.<\/p>\n Selective Insurance Group (SIGI Quick QuoteSIGI<\/a> – Free Report<\/a>) reported fourth-quarter 2025 operating income of $2.57 per share, which marginally beat the Zacks Consensus Estimate by 0.3%. The bottom line increased 59% year over year.<\/p>\n Total revenues of $1.4 billion increased 8.3% from the year-ago quarter\u2019s level, driven primarily by higher net premiums earned and net investment income. The top line marginally exceeded the Zacks Consensus Estimate by 0.1%.<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Net premiums written climbed 8.9% to $13.1B, with Life Insurance jumping 16.9% in Q4.Net investment income…\n","protected":false},"author":2,"featured_media":60453,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[240,1425,1426,161,250,1420,1422,1423,1421,172,1427,175,1424,1428,176],"class_list":{"0":"post-60452","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chubb","8":"tag-chubb","9":"tag-financial","10":"tag-financial-planning","11":"tag-investing","12":"tag-investment","13":"tag-investment-advice","14":"tag-online-investment","15":"tag-online-stock-trading","16":"tag-online-trading","17":"tag-quote","18":"tag-quotes","19":"tag-stock","20":"tag-stock-market","21":"tag-stock-quotes","22":"tag-stocks"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116522886915810296","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/60452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=60452"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/60452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/60453"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=60452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=60452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=60452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Chubb](\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/05\/1770213240.png\" "\\"\\"\/")
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