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<\/a>Evan G. Greenberg<\/p>\n\u201cWe intermediate money,\u201d he continued. \u201cWe don\u2019t print money.\u201d<\/p>\n
Chubb\u2019s North America personal P\/C business recorded a Q4 combined ratio of 74.1 compared with 82.6 for the same period the prior year. P\/C underwriting income finished 2025 up 11.6% to a record $6.5 billion and a combined ratio of 85.7\u2014was another record.<\/p>\n
Related: Chubb Posts Record Q4 and Full Year P\/C Underwriting Income, Combined Ratio<\/a><\/p>\n Greenberg continued to explain that loss costs in the homeowners line are rising 7.5% to 8%, and liability \u201cis a strong contributor to that.\u201d<\/p>\n \u201cThat\u2019s a problem with litigation,\u201d he said. \u201cThat\u2019s not an insurance-company problem.\u201d<\/p>\n Of course, catastrophe losses also contribute to the pricing of insurance, but cat losses are measured over an extended time. A period of high cat losses in a particular state can be followed by a year of benign losses. Overall, Chubb in 2025 logged an increase in catastrophe losses compared with 2024.<\/p>\n \u201cSo I would be careful of politicizing the affordability question as you point to homeowners insurance or it is going to create an availability problem, and that will exacerbate affordability.\u201d<\/p>\n \u2018All Over\u2019 Data Centers<\/p>\n Later in the call, Greenberg was asked about Chubb\u2019s participation in the so-called boom of data centers, as demand for digital infrastructure increases rapidly. Thousands of data centers worldwide could be built over the next five years, and investments in digital infrastructure are expected to hit about $3 trillion over the same time.<\/p>\n