Summary
Chubb Limited (CB) reported a strong financial performance for the year ended December 31, 2025, with net income attributable to Chubb reaching a record $10.31 billion, an increase of 11.2% from the prior year. This growth was driven by robust performance across its Property & Casualty (P&C) and Life insurance segments, along with higher net investment income. Consolidated net premiums written increased by 6.6% to $54.84 billion, reflecting growth in both commercial and consumer P&C lines, and a significant 15.1% increase in the Life Insurance segment. The company's P&C combined ratio improved to 85.7%, indicating solid underwriting profitability, despite a slight increase in catastrophe losses year-over-year, which were partially offset by higher favorable prior period development. Chubb's investment portfolio saw a 9.0% increase in net investment income, reaching a record $6.5 billion, attributed to higher average invested assets. The company also continued its share repurchase program, buying back $3.4 billion in shares during 2025, demonstrating a commitment to returning capital to shareholders. The company's global diversification across 54 countries and territories, coupled with a disciplined underwriting approach, continues to provide stability and resilience. Management highlights effective risk management strategies, including a focus on climate risk and cybersecurity, as integral to its operations.
Key Highlights
- 1Record net income attributable to Chubb of $10.31 billion, up 11.2% year-over-year.
- 2Consolidated net premiums written increased 6.6% to $54.84 billion.
- 3Life Insurance segment net premiums written grew significantly by 15.1%.
- 4P&C combined ratio improved to 85.7%, reflecting strong underwriting performance.
- 5Net investment income reached a record $6.5 billion, driven by higher invested assets.
- 6The company repurchased $3.4 billion of its common shares in 2025.
- 7Chubb maintains a diversified business model with operations in 54 countries and territories.