Chubb reported second-quarter 2026 net income of $2.85 billion, or $7.30 per share, and core operating income of $2.84 billion, or $7.26 per share. Consolidated net premiums written rose to $14.7 billion, up 3.6% year-over-year, and P&C underwriting income increased to $1.94 billion with a combined ratio of 83.8%. Tangible book value per share rose 17.1% year-over-year to $131.93.

Financial Highlights

  • Net income (quarter): $2.85 billion; diluted EPS: $7.30.
  • Core operating income (quarter): $2.84 billion; core operating diluted EPS: $7.26 (up 18.2% year-over-year).
  • Consolidated net premiums written (quarter): $14.705 billion, up 3.6% vs. prior year.
  • P&C underwriting income: $1.937 billion; P&C combined ratio: 83.8% (current accident year combined ratio excluding catastrophes: 82.2%).
  • Investments and investment income: total invested assets $175.4 billion; pre-tax net investment income $1.76 billion (record), adjusted net investment income $1.88 billion (record).

Business Highlights

  • P&C top-line growth: P&C net premiums written $12.768 billion, up 3.0% (or 6.3% excluding large account and E&S property); Overseas General grew 10.2% with notable increases across Latin America, Asia and Europe.
  • North America segment performance: North America Commercial down 2.3% (middle market and small commercial up 8.9%; major accounts and specialty down driven by property actions), North America Personal up 6.0%, North America Agriculture up 6.0%.
  • Life insurance momentum: Life net premiums written $1.937 billion, up 7.5%; life net premiums written and deposits $2.652 billion, up 14.4%; Life segment income $332 million, up 9.0% with International Life up 13.0%.
  • Underwriting discipline and reserve development: favorable prior period development of $283 million; total pre-tax net catastrophe losses of $475 million for the quarter.
  • Capital returns and balance sheet: returned $1.37 billion to shareholders in the quarter (share repurchases $979 million; dividends $395 million); total shareholders’ equity $75.37 billion and tangible book value per share $131.93 as of June 30, 2026.

Original SEC Filing:

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