Business
Chubb Reports First Quarter Per Share Net Income and Core Operating Income of $5.88 and $6.82, Respectively, Up 78.8% and 85.2%; Consolidated Net Premiums Written of $14.0 Billion, Up 10.7%, with P&C and Life Insurance Up 7.2% and 33.1%; P&C Combined Ratio of 84.0%
Chubb Limited (NYSE: CB) today reported net income for the quarter ended March 31, 2026 of $2.32 billion, or $5.88 per share, and core operating income of $2.69 billion, or $6.82 per share. Book value per share and tangible book value per share increased 15.8% and 21.5%, respectively, from March 31, 2025 and now stand at $189.93 and $126.65. Book value was unfavorably impacted by after-tax net realized and unrealized losses of $1.94 billion in Chubb's investment portfolio, principally due to the
About this update from Chubb Limited
[{"type":"list","items":[{"val":[{"type":"text","content":"Net income and core operating income were $2.32 billion and $2.69 billion, respectively, up 74.3% and 80.6%.","length":108,"tagName":"p"}]},{"val":[{"type":"text","content":"P&C net premiums written were $11.72 billion, up 7.2%, with consumer insurance up 14.2% and commercial insurance up 4.6%.","length":125,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"North America was up 4.1%, including growth of 8.3% in personal insurance and 2.8% in commercial insurance, or 7.7% excluding large account property, both admitted and E&S.","length":176,"tagName":"p"}]},{"val":[{"type":"text","content":"Overseas General was up 14.4%, including growth of 20.5% in consumer insurance and 10.8% in commercial insurance; Latin America, Europe and Asia were up 17.8%, 15.8% and 12.1%, respectively. On a constant dollars basis, Overseas General was up 6.1%, with consumer insurance up 11.1% and commercial insurance up 3.1%.","length":316,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":492,"olType":false}]},{"val":[{"type":"text","content":"P&C underwriting income was $1.79 billion, up 306.3%, with a combined ratio of 84.0%. P&C current accident year underwriting income excluding catastrophe losses was $2.01 billion, up 9.8%, with a combined ratio of 82.1%.","length":228,"tagName":"p"}]},{"val":[{"type":"text","content":"Total pre-tax net catastrophe losses were $500 million compared with $1.64 billion last year, which included $1.47 billion from the California wildfires.","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Total pre-tax favorable prior period development was $286 million compared with $255 million in the prior year.","length":111,"tagName":"p"}]},{"val":[{"type":"text","content":"Life Insurance net premiums written were $2.29 billion, up 33.1%, and segment income was $316 million, up 8.5%, with International Life income up 14.5%.","length":152,"tagName":"p"}]},{"val":[{"type":"text","content":"Pre-tax net investment income was $1.71 billion, up 9.5%, and adjusted net investment income was $1.84 billion, up 10.1%. Both were records.","length":140,"tagName":"p"}]},{"val":[{"type":"text","content":"Annualized return on equity (ROE) was 12.6%. Annualized core operating return on tangible equity (ROTE) was 20.6% and annualized core operating RO...