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Chubb (NYSE:CB) reported a strong second quarter of 2026, with Chairman and Chief Executive Officer Evan Greenberg pointing to underwriting performance, investment income, life insurance growth and global diversification as key contributors to results.

Core operating earnings were $2.8 billion, or $7.26 per share, up 14.6% and 18.2%, respectively, from the prior year, Greenberg said on the company’s earnings call. Tangible book value per share rose 17.1% year over year, which Greenberg described as the company’s “most important measure of shareholder wealth creation.”

The insurer posted an annualized core operating return on tangible equity of 21.2% for the quarter and a core operating return on equity of 14.5%. Property and casualty underwriting income exceeded $1.9 billion, up almost 19%, with a combined ratio of 83.8%. On a current accident year basis excluding catastrophe losses, the combined ratio was 82.2%.

Investment Income Hits Record Level Adjusted net investment income reached a record $1.88 billion, up more than 11%, supported by performance in fixed income and alternative asset portfolios. Greenberg said the fixed income portfolio yield was 5.1%, while the current new money rate averaged 5.5% as of June 30. Chubb’s invested assets stood at $175 billion, up from $161 billion a year earlier.

Chief Financial Officer Peter Enns said adjusted operating cash flow totaled $3.5 billion in the quarter. He also noted that Chubb issued $2.2 billion of debt across several currencies at a weighted average cost of 4.2% and an average term of about 7.5 years, with proceeds intended for general corporate purposes, including repayment and refinancing of debt.

Enns said Chubb returned $1.4 billion of capital to shareholders in the quarter, including $979 million of share repurchases at an average price of $327.18 per share and $395 million in dividends. The company ended the quarter with book value of $75 billion, or $195.45 per share. Book value per share and tangible book value per share excluding accumulated other comprehensive income grew 2.8% and 3.8%, respectively, during the quarter.

Chief Investment Officer Chris Hogan said the public fixed income portfolio generated $1.63 billion of income, up 12% year over year, while private investments, representing 12% of the portfolio, contributed $250 million, up 9.5%. Hogan called the current environment “ideal” for investment-grade bond investors, citing reinvestment rates above the portfolio’s book yield.

Premium Growth Varies by Business Line Global property and casualty premiums rose 3%, or 6.3% excluding large account and excess and surplus property, Greenberg said. Overseas general premiums grew 10.2%, or 4.8% in constant dollars. North America premiums increased about 0.5%, as commercial lines declined 2.3%, while personal lines and accident and health each rose 6%.

Greenberg said the “substantial majority” of Chubb’s businesses are growing, while some are flat or shrinking because of inadequate pricing or terms. He specifically cited U.S. large account and E&S property as an area where the company again reduced premium volume.

International retail, which Greenberg said produces more than $17 billion in annual gross premiums and operates in 51 countries, grew almost 12%, or about 6% in constant dollars. Consumer-related businesses, including accident and health and personal lines, were up more than 12%, while commercial lines rose more than 11%. Latin America grew 15.6%, Asia grew 12% and Europe grew nearly 7.5%.

In North America commercial, middle market and small commercial premiums grew almost 9%, with property and casualty lines up 12% and financial lines down about 3%. Premiums in major account and specialty, including E&S, declined 9% because of property.

In North America personal lines, Chubb’s high-net-worth business generated 6% premium growth and renewal retention of 90% on an account basis. Greenberg said the North America personal lines business now produces more than $8 billion in annual gross premiums.

Greenberg Warns on Casualty Pricing Greenberg said soft market conditions have begun to extend beyond property into more casualty lines, particularly in E&S. He said certain classes of large account and middle market business are becoming more competitive, and pricing in multiple casualty areas is not keeping pace with loss costs.

“U.S. casualty loss costs are rising at a pretty steady 6%-7% for primary casualty, and 9.5%-12% for excess,” Greenberg said, adding that pricing can become inadequate quickly under those conditions. He said financial lines remain soft, with some newer market participants and managing general agents underwriting at prices and terms he considers inadequate.

In North America, commercial property and casualty pricing excluding financial lines and workers’ compensation was up 1.3%, with rates down 1.4% and exposure change of 2.7%. Property pricing was down about 6%, while casualty pricing rose 7.1%, including a 6.4% rate increase and 0.7% exposure growth. Financial lines pricing was up 0.3%.

Asked during the question-and-answer session about casualty pricing, Greenberg said the issue was not limited to commercial auto. “It’s across casualty,” he said, adding that there is “zero evidence across the industry” that loss costs have abated.

Life Insurance and Worksite Benefits Grow Life income was $332 million, up 9% from a year earlier. Greenberg said international life insurance premiums and deposits rose almost 14.5%, with most exposure in Asia and most growth in North Asia, including China, Hong Kong, Korea and Taiwan.

Chubb’s North America Worksite Benefits business grew premiums 14%. Greenberg said the business has been built steadily over more than five years, through brokerage distribution tied to small and middle market commercial relationships and through a retooled agency force focused on small and lower middle market employers.

Greenberg said the company sees “a tremendous opportunity” to continue growing Worksite Benefits organically at double-digit rates, and expects it to become a more significant contributor to Chubb’s top and bottom line over time.

Reserves, Catastrophe Losses and Capital Pre-tax catastrophe losses were $475 million, principally from weather-related events in the U.S., Enns said. Chubb recorded favorable pre-tax prior period development of $441 million in active companies, with 89% from short-tail lines and 11% from long-tail lines. The corporate runoff portfolio had adverse development of $158 million, more than two-thirds of which came from molestation-related claims development.

Net loss reserves increased to nearly $69 billion, up 4% from the second quarter of 2025. The paid-to-incurred ratio was 90% for the quarter, or 86% excluding catastrophe losses, prior period development and agriculture. When asked why the ratio remains below pre-pandemic levels, Greenberg said it “speaks to overall the strength of our reserves.”

Enns said the core operating effective tax rate was 19.2% for the quarter, below the company’s previously guided range because of shifts in income mix and discrete tax benefits. Chubb continues to expect a full-year core operating effective tax rate of 19.5% to 20%.

Greenberg said Chubb remains confident in its ability to generate strong operating earnings growth and double-digit tangible book value growth over time, while acknowledging softer commercial property and casualty market conditions. “We have many sources and handles to pull,” he said, citing the company’s global mix, life business, invested assets and capital management.

About Chubb (NYSE:CB) Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

Posted by Defense World Staff on Jul 23rd, 2026

AR Asset Management Inc. grew its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 16.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 17,285 shares of the financial services provider’s stock after purchasing an additional 2,379 shares during the period. Chubb makes up approximately 1.1% of AR Asset Management Inc.’s holdings, making the stock its 27th largest position. AR Asset Management Inc.’s holdings in Chubb were worth $5,634,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CB. Spire Wealth Management boosted its stake in Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after purchasing an additional 7,156 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Chubb by 7.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after purchasing an additional 7,043 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Chubb by 42.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after purchasing an additional 4,233 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after purchasing an additional 5,225 shares in the last quarter. Finally, waypoint wealth counsel boosted its position in shares of Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after buying an additional 1,784 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance NYSE:CB opened at $343.42 on Thursday. The stock has a 50-day simple moving average of $334.18 and a two-hundred day simple moving average of $326.56. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $133.20 billion, a PE ratio of 12.15, a P/E/G ratio of 1.84 and a beta of 0.40.

Chubb (NYSE:CB – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping the consensus estimate of $6.78 by $0.48. Chubb had a return on equity of 14.55% and a net margin of 18.10%.The firm had revenue of $14.71 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter last year, the company earned $6.14 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts forecast that Chubb Limited will post 26.77 EPS for the current year.

Chubb Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 annualized dividend and a yield of 1.2%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is currently 14.41%.

Trending Headlines about Chubb Here are the key news stories impacting Chubb this week:

Positive Sentiment: Chubb beat Q2 EPS estimates, reporting core operating income of $7.26 per share versus expectations, with earnings up sharply from a year ago. Article Title Positive Sentiment: Underwriting remained strong, with the P&C combined ratio at 83.8%, catastrophe losses easing, and record investment income helping support results. Article Title Positive Sentiment: Several Wall Street firms turned constructive, including Citizens JMP reaffirming an outperform rating with a $400 target and JPMorgan lifting its target to $370, signaling meaningful upside from current levels. Article Title Neutral Sentiment: Some analysts still flagged softer property-casualty market conditions and weakness in major account premiums, which could temper near-term growth expectations. Article Title Negative Sentiment: Revenue came in below consensus, and the market appears to be focusing more on slower premium growth than on the earnings beat, contributing to the stock’s pullback. Article Title Analyst Ratings Changes A number of equities research analysts have issued reports on the company. UBS Group boosted their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research note on Wednesday. Atlantic Securities set a $301.00 price objective on shares of Chubb in a report on Wednesday, July 15th. Mizuho boosted their target price on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $360.18.

Read Our Latest Stock Analysis on Chubb

Insider Buying and Selling In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.

Chubb Profile (Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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Key Takeaways Chubb's core operating EPS rose 18.2% to $7.26, beating estimates by 9.5%.P&C underwriting income increased 18.8%, while the combined ratio improved to 83.8%.Record investment income and lower catastrophe losses helped strengthen Chubb's quarterly results. Chubb Limited (CB - Free Report) reported second-quarter 2026 core operating earnings of $7.26 per share, which beat the Zacks Consensus Estimate of $6.63 by 9.5%. The bottom line increased 18.2% year over year.

Revenues rose 2.7% year over year to $15.77 billion but missed the consensus mark of $15.90 billion by 0.8%. Stronger P&C underwriting, record investment income and higher life insurance income supported results. Net premiums earned increased 5.8% to $13.89 billion.

CB's Underwriting Profit RisesP&C underwriting income increased 18.8% year over year to $1.94 billion. The combined ratio improved 180 basis points to 83.8%, reflecting a lower share of premiums consumed by claims and expenses. Our estimate was $1.15 billion.

Current accident year underwriting income, excluding catastrophe losses, advanced 5.8% to $2.13 billion. The corresponding combined ratio improved 10 basis points to 82.2%, indicating steady underlying profitability.

Chubb's Catastrophe Losses DeclinePre-tax net catastrophe losses were $475 million, down from $630 million in the year-ago quarter. Favorable prior-period reserve development increased to $283 million from $249 million.

These factors helped offset softer conditions in selected property lines. Management said pricing pressure remained most pronounced in large-account and excess and surplus property, while softness was spreading to parts of casualty and financial lines.

CB's Premium Growth Remains BroadConsolidated net premiums written increased 3.6% year over year to $14.71 billion. The Zacks Consensus Estimate was $15 billion while our estimate was $15.1 billion. P&C net premiums written rose 3.0% to $12.77 billion and increased 6.3% when large-account and excess and surplus property were excluded.

Global P&C net premiums written, excluding agriculture, advanced 2.8% to $11.99 billion. Life insurance net premiums written grew 7.5% to $1.94 billion, adding balance to the company's premium expansion.

Chubb's North America Results DivergeNorth America Commercial P&C net premiums written declined 2.3% to $5.59 billion. Our estimate was $5.9 billion. Major accounts and specialty fell 9.0% as underwriting actions weighed on property business, while middle-market and small commercial premiums increased 8.9% to $2.34 billion.

North America Personal P&C net premiums written grew 6.0% to $2.05 billion (our estimate was $2 billion), while its combined ratio improved 620 basis points to 67.3%. Agricultural premiums rose 6.0% to $776 million (our estimate was $769 billion), though the segment's combined ratio increased 60 basis points to 89.7%.

CB's Overseas Business Delivers GrowthOverseas General Insurance net premiums written jumped 10.2% to $3.99 billion, or 4.8% in constant dollars. Our estimate was $4.2 billion. Commercial P&C premiums increased 8.8%, while consumer P&C premiums advanced 12.1%.

The segment's combined ratio improved 810 basis points to 82.2%. Latin America, Asia and Europe posted premium growth of 15.6%, 12.0% and 5.1%, respectively, underscoring the benefit of Chubb's geographic diversification.

Chubb's Investment and Life Income RisePre-tax net investment income increased 12.3% to a record $1.76 billion. Adjusted net investment income rose 11.4% to $1.88 billion, supported by fixed-income and alternative asset portfolios.

Life Insurance segment income increased 9.0% to $332 million. Net premiums written and deposits collected climbed 14.4% to $2.65 billion, with International Life income up 13.0%.

CB's Cash Flow Funds Shareholder ReturnsOperating cash flow totaled $3.73 billion, while adjusted operating cash flow was $3.48 billion. Chubb returned $1.37 billion to shareholders during the quarter.

Share repurchases totaled $979 million at an average price of $327.18 per share. Dividend payments were $395 million, bringing the total capital returned during the first six months of 2026 to $2.90 billion.

Chubb's Book Value StrengthensBook value per share was $195.45 as of June 30, 2026, up 12.3% year over year. Tangible book value per share increased 17.1% to $131.93.

Annualized core operating return on tangible equity was 21.2%, while annualized core operating return on equity was 14.5%. Total invested assets were $175.40 billion, supporting the company's investment income base.

Zacks RankChubb currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other InsurersThe Progressive Corporation’s (PGR - Free Report) second-quarter 2026 earnings per share of $4.85 beat the Zacks Consensus Estimate by 3.2%. The bottom line, however, decreased 6.1% year over year. Net premiums written were $21.1 billion in the quarter, up 5% from $20.1 billion a year ago.

Net premiums earned grew 6% to $21.6 billion. The reported figure met the Zacks Consensus Estimate. Net realized gains on securities were $604 million, up 56% year over year. Combined ratio — the percentage of premiums paid out as claims and expenses — deteriorated 110 basis points from the prior-year quarter’s level to 87.1.

The Travelers Companies, Inc. (TRV - Free Report) reported second-quarter 2026 core income of $10.04 per share, which beat the Zacks Consensus Estimate of $5.21 by 92.7%. The bottom line climbed 54% year over year. Revenues of $12.09 billion missed the Zacks Consensus Estimate of $12.27 billion by 1.5%.

Net investment income rose 14% year over year to $1.07 billion pre-tax ($883 million after tax). The combined ratio improved 670 basis points year over year to 83.6%, reflecting lower catastrophe losses, stronger reserve development and a better underlying combined ratio.

W.R. Berkley Corporation (WRB - Free Report) reported second-quarter 2026 operating income of $1.27 per share, which beat the Zacks Consensus Estimate by 16.5%. The bottom line increased 21% year over year. Operating revenues totaled $3.8 billion, up 3.6% year over year. The top line surpassed the consensus estimate by 1.87%.

W.R. Berkley’s net premiums written were about $3.4 billion, up 2.4% year over year. The figure surpassed our estimate of $3.4 billion. The consolidated combined ratio (a measure of underwriting profitability) improved 160 basis points year over year to 90, missing the Zacks Consensus Estimate of 92.

For the quarter ended June 2026, Chubb (CB - Free Report) reported revenue of $15.77 billion, up 6.5% over the same period last year. EPS came in at $7.26, compared to $6.14 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $15.9 billion, representing a surprise of -0.8%. The company delivered an EPS surprise of +9.5%, with the consensus EPS estimate being $6.63.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Chubb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Loss and loss expense ratio: 56.7% versus 58.3% estimated by seven analysts on average.Combined ratio: 83.8% versus 85.5% estimated by seven analysts on average.North America Agricultural Insurance - Combined ratio: 89.7% versus 89.4% estimated by six analysts on average.North America Agricultural Insurance - Loss and loss expense ratio: 82% compared to the 82% average estimate based on six analysts.Net premiums written- North American Personal P&C Insurance: $2.05 billion compared to the $2.04 billion average estimate based on six analysts. The reported number represents a change of +6% year over year.Adjusted Net investment income- Overseas General Insurance: $313 million compared to the $308.11 million average estimate based on six analysts. The reported number represents a change of +12.6% year over year.Adjusted Net investment income- Global Reinsurance: $110 million versus the six-analyst average estimate of $95.14 million. The reported number represents a year-over-year change of +29.4%.Net premiums written- Total P&C: $12.77 billion versus $13.01 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +3% change.Net premiums written- Global Reinsurance: $354 million compared to the $365.08 million average estimate based on six analysts. The reported number represents a change of -6.8% year over year.Net premiums written- Overseas General Insurance: $3.99 billion versus the six-analyst average estimate of $4 billion. The reported number represents a year-over-year change of +10.2%.Adjusted Net investment income- North America Agricultural Insurance: $21 million versus $23.99 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.5% change.Net premiums earned- Total P&C (Property and Casualty): $11.96 billion compared to the $12.06 billion average estimate based on six analysts. The reported number represents a change of +5.5% year over year.View all Key Company Metrics for Chubb here>>>

Shares of Chubb have returned +8.4% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Net income was $2.85 billion versus $2.97 billion prior year, and core operating income was $2.84 billion, up 14.6%. P&C net premiums written were $12.77 billion, up 3.0%, or 6.3% excluding large account and E&S property. North America Commercial was down 2.3%. Middle market and small commercial was up 8.9%. Major accounts and specialty was down 9.0% due to underwriting actions on property, and up 0.4% excluding large account and E&S property. North America Personal was up 6.0%. North America Agriculture was up 6.0%. Overseas General was up 10.2%, or 4.8% in constant dollars. Consumer insurance was up 12.1% and commercial insurance was up 8.8%; Latin America, Asia and Europe were up 15.6%, 12.0% and 5.1%, respectively. P&C underwriting income was $1.94 billion, up 18.8%, with a combined ratio of 83.8%. P&C current accident year underwriting income excluding catastrophe losses was $2.13 billion, up 5.8%, with a combined ratio of 82.2%. Total pre-tax net catastrophe losses were $475 million compared with $630 million in the prior year. Total pre-tax favorable prior period development was $283 million compared with $249 million in the prior year. Life Insurance net premiums written were $1.94 billion, up 7.5%, and segment income was $332 million, up 9.0%, with International Life income up 13.0%. Life Insurance net premiums written and deposits collected were $2.65 billion, up 14.4%. Pre-tax net investment income was $1.76 billion, up 12.3%, and adjusted net investment income was $1.88 billion, up 11.4%. Both were records. Annualized return on equity (ROE) was 15.3%. Annualized core operating return on tangible equity (ROTE) was 21.2% and annualized core operating ROE was 14.5%. , /PRNewswire/ -- Chubb Limited (NYSE: CB) today reported net income for the quarter ended June 30, 2026 of $2.85 billion, or $7.30 per share, and core operating income of $2.84 billion, or $7.26 per share. Book value per share and tangible book value per share increased 12.3% and 17.1%, respectively, from June 30, 2025 and now stand at $195.45 and $131.93. For the last three months, book value was favorably impacted by after-tax net realized and unrealized gains of $388 million in Chubb's investment portfolio, partially offset by $254 million of foreign currency losses. Book value per share and tangible book value per share excluding AOCI increased 11.4% and 15.8%, from June 30, 2025.

Chubb Limited

Second Quarter Summary

(in millions of U.S. dollars, except per share amounts and ratios)

(Unaudited)

(Per Share)

2026

2025

Change

2026

2025

Change

Net income

$2,854

$2,968

(3.8) %

$7.30

$7.35

(0.7) %

Adjusted net realized (gains) losses and other,

net of tax

(47)

(539)

(91.3) %

(0.13)

(1.33)

(90.2) %

Integration expenses and severance, net of tax

6

2

NM

0.02

-

NM

Market risk benefits (gains) losses, net of tax

(4)

15

NM

(0.01)

0.04

NM

Amortization of deferred tax asset from Bermuda law

33

34

(2.9) %

0.08

0.08

-

Core operating income, net of tax

$2,842

$2,480

14.6 %

$7.26

$6.14

18.2 %

Annualized return on equity (ROE)

15.3 %

17.6 %

Core operating return on tangible equity (ROTE)

21.2 %

21.0 %

Core operating ROE

14.5 %

13.9 %

For the six months ended June 30, 2026, net income was $5.17 billion, or $13.17 per share, and core operating income was $5.53 billion, or $14.07 per share. Book value per share and tangible book value per share increased by 3.6% and 4.5%, from December 31, 2025. For the last six months, book value was unfavorably impacted by after-tax net realized and unrealized losses of $1.55 billion in Chubb's investment portfolio, partially offset by $92 million of foreign currency gains. Book value per share and tangible book value per share excluding AOCI increased 4.7% and 6.4%, from December 31, 2025. 

Chubb Limited

Six Months Ended Summary

(in millions of U.S. dollars, except per share amounts and ratios)

(Unaudited)

(Per Share)

2026

2025

Change

2026

2025

Change

Net income

$5,174

$4,299

20.4 %

$13.17

$10.63

23.9 %

Adjusted net realized (gains) losses and other,

net of tax

296

(480)

NM

0.75

(1.18)

NM

Integration expenses and severance, net of tax

13

2

NM

0.03

-

NM

Market risk benefits (gains) losses, net of tax

(16)

93

NM

(0.04)

0.23

NM

Amortization of deferred tax asset from Bermuda law

64

55

16.4 %

0.16

0.14

14.3 %

Core operating income, net of tax

$5,531

$3,969

39.4 %

$14.07

$9.82

43.3 %

Annualized return on equity (ROE)

13.9 %

12.9 %

Core operating return on tangible equity (ROTE)

20.9 %

16.9 %

Core operating ROE

14.3 %

11.2 %

For the six months ended June 30, 2026 and 2025, the tax expenses (benefits) related to the table above were $3 million and $55 million, respectively for adjusted net realized gains and losses and other; $(4) million and nil for integration expenses and severance; $3 million and $(16) million for market risk benefits gains and losses, and $1.32 billion and $937 million for core operating income.

Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented: "We had a very strong quarter with results that again reflect the strengths of our company, including our sources of income, our diversification globally and the growth opportunities it presents, the size and strength of our balance sheet and the growth of our invested asset, and, finally, our disciplined approach to underwriting, which is a hallmark of our culture.

"Strong P&C underwriting, investment and life income led to core operating earnings of $2.8 billion, or $7.26 per share, up 14.6% and 18.2%, respectively, over the prior year. Our most important measure of value creation, tangible book value per share, increased 17.1% from last year.

"P&C underwriting income was more than $1.9 billion, up almost 19%, with a combined ratio of 83.8% – a standout result – and on a current accident year basis excluding CATs, the combined ratio was 82.2%. On the investment side of our business, adjusted net investment income was a record $1.88 billion, up more than 11%, supported by excellent performance in our fixed income and alternative asset portfolios. Our invested asset now stands at $175 billion, up 9% over the last 12 months. Life income grew 9% to $332 million, with good revenue growth in our Asia Life and North America Worksite businesses.

"In terms of P&C markets, overly soft underwriting conditions persist in certain areas of property insurance globally, particularly large account and E&S related. Our revenue results reflect our underwriting discipline, and we will not underwrite knowingly at a loss. The growth penalty we are paying in property will dissipate going forward. In the meantime, soft market conditions are spreading to certain areas of casualty while financial lines also remain soft. Against that backdrop, we're well diversified and the substantial majority of our businesses are growing, and that is evident in our results.

"P&C premiums rose 3% from last year, or 6.3% excluding large account and E&S property. Overseas General grew 10.2%, with Latin America up 15.6%, Asia up 12% and Europe up 5.1%. North America was up about 0.5%, with commercial down 2.3%, while personal lines and agriculture each grew 6%. Commercial was up 4.1% excluding major and specialty property. In our international life insurance business, premiums and deposits rose 14.4%.

"We are an all-weather company. As long-term compounders of wealth in a cyclical business, we are patient and have many sources of opportunity on both the liability and asset sides of the balance sheet. CATs and FX aside, we are confident in our ability to continue to outperform and generate strong growth in operating earnings and EPS, and double-digit growth in tangible book value."

Operating highlights for the quarter ended June 30, 2026 were as follows:

Chubb Limited

Q2

Q2

(in millions of U.S. dollars except for percentages)

‌2026

‌2025

Change

Consolidated

Net premiums written (increase of 2.0% in constant dollars)

$

14,705

$

14,196

3.6 %

P&C

Net premiums written (increase of 1.4% in constant dollars)

(increase of 6.3% excluding large account and E&S property)

$

12,768

$

12,394

3.0 %

Underwriting income

$

1,937

$

1,631

18.8 %

Combined ratio

83.8 %

85.6 %

Current accident year underwriting income excluding catastrophe losses

$

2,129

$

2,012

5.8 %

Current accident year combined ratio excluding catastrophe losses

82.2 %

82.3 %

Global P&C (excludes Agriculture)

Net premiums written (increase of 1.1% in constant dollars)

$

11,992

$

11,661

2.8 %

Underwriting income

$

1,871

$

1,566

19.5 %

Combined ratio

83.5 %

85.4 %

Current accident year underwriting income excluding catastrophe losses

$

2,049

$

1,946

5.4 %

Current accident year combined ratio excluding catastrophe losses

81.9 %

81.9 %

Life Insurance

Net premiums written (increase of 6.3% in constant dollars)

$

1,937

$

1,802

7.5 %

Segment income (increase of 9.1% in constant dollars)

$

332

$

305

9.0 %

Consolidated net premiums earned increased 5.8%, or 4.0% in constant dollars. P&C net premiums earned increased 5.5%, or 3.6% in constant dollars. Operating cash flow was $3.73 billion and adjusted operating cash flow was $3.48 billion. Total capital returned to shareholders in the quarter was $1.37 billion, comprising share repurchases of $979 million at an average purchase price of $327.18 per share and dividends of $395 million. Total capital returned to shareholders for the six months was $2.90 billion, comprising share repurchases of $2.12 billion at an average purchase price of $326.03 per share and dividends of $775 million. Details of financial results by business segment are available in the Chubb Limited Financial Supplement. Key segment items for the quarter ended June 30, 2026 are presented below:

Chubb Limited

Q2

Q2

(in millions of U.S. dollars except for percentages)

‌ 2026

‌ 2025

Change

Total North America P&C Insurance

(Comprising NA Commercial P&C Insurance, NA Personal P&C Insurance and NA Agricultural Insurance)

Net premiums written

$

8,424

$

8,394

0.4 %

Combined ratio

81.5 %

81.7 %

Current accident year combined ratio excluding catastrophe losses

79.4 %

79.7 %

North America Commercial P&C Insurance

Net premiums written (increase of 4.1% excluding large account and E&S
property)

$

5,594

$

5,723

(2.3) %

Major accounts retail and excess and surplus (E&S) wholesale (increase
of 0.4% excluding large account and E&S property)

$

3,257

$

3,578

(9.0) %

Middle market and small commercial

$

2,337

$

2,145

8.9 %

Combined ratio

85.4 %

83.5 %

Current accident year combined ratio excluding catastrophe losses

81.8 %

81.1 %

North America Personal P&C Insurance

Net premiums written

$

2,054

$

1,938

6.0 %

Combined ratio

67.3 %

73.5 %

Current accident year combined ratio excluding catastrophe losses

69.9 %

72.2 %

North America Agricultural Insurance

Net premiums written

$

776

$

733

6.0 %

Combined ratio

89.7 %

89.1 %

Current accident year combined ratio excluding catastrophe losses

87.6 %

88.8 %

Overseas General Insurance

Net premiums written (increase of 4.8% in constant dollars)

$

3,990

$

3,620

10.2 %

Commercial P&C

$

2,259

$

2,077

8.8 %

Consumer P&C

$

1,731

$

1,543

12.1 %

Combined ratio

82.2 %

90.3 %

Current accident year combined ratio excluding catastrophe losses

85.2 %

85.4 %

Global Reinsurance

Net premiums written

$

354

$

380

(6.7) %

Combined ratio

76.1 %

71.0 %

Current accident year combined ratio excluding catastrophe losses

76.9 %

73.5 %

Life Insurance

Net premiums written (increase of 6.3% in constant dollars)

$

1,937

$

1,802

7.5 %

Net premiums written and deposits (increase of 12.9% in constant dollars)

$

2,652

$

2,320

14.4 %

Segment income (increase of 9.1% in constant dollars)

$

332

$

305

9.0 %

North America Commercial P&C Insurance: The combined ratio increased 1.9 percentage points, including a 1.3 percentage point increase from higher catastrophe losses and a 0.5 percentage point increase in the current accident year loss ratio excluding catastrophe losses. North America Personal P&C Insurance: The combined ratio decreased 6.2 percentage points, including a 2.4 percentage point decrease from higher favorable prior period development, a 1.5 percentage point decrease from lower catastrophe losses, and a 1.5 percentage point decrease in the current accident year loss ratio excluding catastrophe losses. North America Agricultural Insurance: The combined ratio increased 0.6 percentage points, including a 1.8 percentage point increase from higher catastrophe losses, partially offset by a 0.7 percentage point decrease in the underlying expense ratio, and a 0.5 percentage point decrease in the current accident year loss ratio excluding catastrophe losses. Overseas General Insurance: The combined ratio decreased 8.1 percentage points, including a 6.5 percentage point decrease from lower catastrophe losses, a 1.4 percentage point decrease from higher favorable prior period development, and a 0.6 percentage point decrease in the current accident year loss ratio excluding catastrophe losses, partially offset by a 0.4 percentage point increase in the underlying expense ratio, due to shift in the mix of business. Life Insurance: Net premiums written were $1.94 billion, up 7.5%, with International Life of $1.59 billion, up 6.2%, and Chubb Benefits up 14.0%. Life Segment income was $332 million, up 9.0%, primarily reflecting growth in International Life of 13.0%. All comparisons are with the same period last year unless otherwise specifically stated.
Please refer to the Chubb Limited Financial Supplement, dated June 30, 2026, which is posted on Chubb's investor relations website, investors.chubb.com, in the Financials section for more detailed information on individual segment performance, together with additional disclosure on reinsurance recoverable, loss reserves, investment portfolio, and debt and capital.

Chubb Limited will hold its second quarter earnings conference call on Wednesday, July 22, 2026, at 8:30 a.m. Eastern. The earnings conference call will be available via live webcast at investors.chubb.com or by dialing 877-400-4403 (within the United States) or 332-251-2601 (international), passcode 1641662. Please refer to the Chubb website under Events and Presentations for details. A replay will be available after the call at the same location. To listen to the replay, click here to register and receive dial-in numbers.

In this release, business activity for, and the financial position of, Chubb acquisitions are reported at 100%, as required, except for core operating income, net income, book value, tangible book value, ROE, per share data, and certain other key metrics, which include only Chubb's ownership interest and exclude the non-controlling interest.

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.

Regulation G – Non-GAAP Financial Measures

In presenting our results, we included and discussed certain non-GAAP measures. These non-GAAP measures, which may be defined differently by other companies, are important for an understanding of our overall results of operations and financial condition. However, they should not be viewed as a substitute for measures determined in accordance with generally accepted accounting principles (GAAP).

Throughout this document there are various measures presented on a constant-dollar basis (i.e., excludes the impact of foreign exchange). We believe it is useful to evaluate the trends in our results exclusive of the effect of fluctuations in exchange rates between the U.S. dollar and the currencies in which our international business is transacted, as these exchange rates could fluctuate significantly between periods and distort the analysis of trends. The impact is determined by assuming constant foreign exchange rates between periods by translating prior period results using the same local currency exchange rates as the comparable current period.

Adjusted net investment income is net investment income excluding the amortization of the fair value adjustment on acquired invested assets from certain acquisitions of $1 million and $4 million in Q2 2026 and Q2 2025, and including investment income of $119 million and $115 million in Q2 2026 and Q2 2025, from partially owned investment companies (private equity partnerships) where our ownership interest is in excess of 3% that are accounted for under the equity method. The amortization of the fair value adjustment on acquired invested assets was $3 million and $6 million for the six months ended June 30, 2026 and 2025, and the investment income from private equity partnerships was $246 million and $222 million for the six months ended June 30, 2026 and 2025. The mark-to-market movement on these private equity partnerships are included in adjusted net realized gains (losses) as described below. We believe this measure is meaningful as it highlights the underlying performance of our invested assets and portfolio management in support of our lines of business.

Adjusted net realized gains (losses) and other, net of tax, includes net realized gains (losses) and net realized gains (losses) recorded in other income (expense) related to unconsolidated subsidiaries, and excludes realized gains and losses on crop derivatives and realized gains and losses on underlying investments supporting the liabilities of certain participating policies related to the policyholders' share of gains and losses. The crop derivatives were purchased to provide economic benefit, in a manner similar to reinsurance protection, in the event that a significant decline in commodity pricing impacts underwriting results. We view gains and losses on these derivatives as part of the results of our underwriting operations, and therefore realized gains (losses) from these derivatives are reclassified to adjusted losses and loss expenses. The realized gains and losses on underlying investments supporting the liabilities of certain participating policies have been reclassified from net realized gains (losses) to adjusted policy benefits. We believe this better reflects the economics of the liabilities and the underlying investments supporting those liabilities. Other includes the amortization of fair value adjustment of acquired invested assets and long-term debt related to certain acquisitions. See Core operating income for further description of these items.

P&C underwriting income (loss) excludes the Life Insurance segment and is calculated by subtracting adjusted losses and loss expenses, adjusted policy benefits, policy acquisition costs and administrative expenses from net premiums earned. We use underwriting income (loss) and operating ratios to monitor the results of our operations without the impact of certain factors, including net investment income, other income (expense), interest expense, amortization expense of purchased intangibles, integration expenses and severance, amortization of fair value of acquired invested assets and debt, income tax expense, adjusted net realized gains (losses), and market risk benefits gains (losses).

P&C current accident year underwriting income excluding catastrophe losses is P&C underwriting income adjusted to exclude P&C catastrophe losses and prior period development (PPD). We believe it is useful to exclude catastrophe losses, as they are not predictable as to timing and amount, and PPD as these unexpected loss developments on historical reserves are not indicative of our current underwriting performance. We believe the use of these measures enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. References in this release to "current accident year" or "underlying" metrics exclude catastrophe losses and prior period development, unless stated otherwise.

Core operating income relates only to Chubb income, which excludes noncontrolling interests. It excludes from Chubb net income the after-tax impact of adjusted net realized gains (losses) and other, which include items described in this paragraph, and market risk benefits gains (losses). We believe this presentation enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. We exclude adjusted net realized gains (losses) and market risk benefits gains (losses) because the amount of these gains (losses) is heavily influenced by, and fluctuates in part according to, the availability of market opportunities. In addition, we exclude the amortization of fair value adjustments on purchased invested assets and long-term debt related to certain acquisitions due to the size and complexity of these acquisitions. We also exclude integration expenses, including legal and professional fees and all other costs directly related to acquisition integration activities, as well as severance expenses associated with transformation initiatives to enhance operational efficiency. The costs are not related to the ongoing activities of the individual segments and are therefore included in Corporate and excluded from our definition of segment income. We believe these integration expenses and severance are not indicative of our underlying profitability, and excluding these integration expenses and severance facilitates the comparison of our financial results to our historical operating results. Additionally, we exclude the amortization of the deferred tax asset related to the tax benefit from the Bermuda Economic Transition Adjustment, which we believe provides investors with a better view of our operating performance, enhances the understanding of the trends in the underlying business, improves comparability between periods and provides increased transparency. References to core operating income measures mean net of tax, whether or not noted.

Core operating return on equity (ROE) and Core operating return on tangible equity (ROTE) are annualized non-GAAP financial measures. The numerator includes core operating income (loss), net of tax. The denominator includes the average Chubb shareholders' equity for the period adjusted to exclude unrealized gains (losses) on investments, current discount rate on future policy benefits (FPB), and instrument-specific credit risk on market risk benefits (MRB), all net of tax and attributable to Chubb. For the ROTE calculation, the denominator is also adjusted to exclude Chubb goodwill and other intangible assets, net of tax. These measures enhance the understanding of the return on shareholders' equity by highlighting the underlying profitability relative to shareholders' equity and tangible equity excluding the effect of these items as these are heavily influenced by changes in market conditions. We believe ROTE is meaningful because it measures the performance of our operations without the impact of goodwill and other intangible assets.

P&C combined ratio is the sum of the loss and loss expense ratio, acquisition cost ratio and the administrative expense ratio excluding the life business and including the realized gains and losses on the crop derivatives, as noted above.

P&C current accident year combined ratio excluding catastrophe losses excludes the impact of P&C catastrophe losses and PPD from the P&C combined ratio. We believe this measure provides a useful evaluation of our underwriting performance and enhances the understanding of the trends in our P&C business that may be obscured by these items.

Global P&C performance metrics comprise consolidated operating results (including corporate) and exclude the operating results of Chubb's Life Insurance and North America Agricultural Insurance segments. The agriculture insurance business is a different business in that it is a public sector and private sector partnership in which insurance rates, premium growth, and risk-sharing is not market-driven like the remainder of Chubb's P&C insurance business. We believe that these measures are useful and meaningful to investors as they are used by management to assess Chubb's global P&C operations which are the most economically similar. We exclude the North America Agricultural Insurance and Life Insurance segments because the results of these businesses do not always correlate with the results of our global P&C operations.

Tangible book value per common share is Chubb shareholders' equity less Chubb goodwill and other intangible assets, net of tax, divided by the shares outstanding. We believe that goodwill and other intangible assets are not indicative of our underlying insurance results or trends and make book value comparisons to less acquisitive peer companies less meaningful.

Book value per share and tangible book value per share excluding accumulated other comprehensive income (loss) (AOCI), excludes AOCI from the numerator because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates and foreign currency movement, to highlight underlying growth in book and tangible book value.

Adjusted operating cash flow is Operating cash flow excluding the operating cash flow related to the net investing activities of Huatai's asset management companies as it relates to the Consolidated Investment Products as required under consolidation accounting. Because these entities are investment companies, we are required to retain the investment company presentation in our consolidated results, which means we include the net investing activities of these entities in our operating cash flows. Chubb has elected to remove the impact of net investing activities of consolidated investment companies from our operating cash flow as they may distort a reader's analysis of our underlying operating cash flow related to the core insurance company operations. These net investing activities are more appropriately classified outside of operating cash flows, consistent with our consolidated investing activities. Accordingly, we believe that it is appropriate to adjust operating cash flow for the impact of consolidated investment products.

Life Insurance and International life insurance net premiums written and deposits collected includes deposits collected on universal life and investment contracts (life deposits). Life deposits are not reflected as revenues in our consolidated statements of operations in accordance with U.S. GAAP. However, we include life deposits in presenting growth in our life insurance business because life deposits are an important component of production and key to our efforts to grow our business.

See the reconciliation of Non-GAAP Financial Measures on pages 27-33 in the Financial Supplement. These measures should not be viewed as a substitute for measures determined in accordance with GAAP, including premium, net income, book value, return on equity, and net investment income.

NM – not meaningful comparison

Cautionary Statement Regarding Forward-Looking Statements:

Forward-looking statements made in this press release, such as those related to company performance, pricing, growth opportunities, economic and market conditions, and our expectations and intentions and other statements that are not historical facts, reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the following: competition, pricing and policy term trends, the levels of new and renewal business achieved, the frequency and severity of unpredictable catastrophic events, actual loss experience, uncertainties in the reserving or settlement process, integration activities and performance of acquired companies, loss of key employees or disruptions to our operations, new theories of liability, judicial, legislative, regulatory and other governmental developments, litigation tactics and developments, investigation developments and actual settlement terms, the amount and timing of reinsurance recoverable, credit developments among reinsurers, rating agency action, possible terrorism or the outbreak and effects of war, economic, political, regulatory, insurance and reinsurance business conditions, potential strategic opportunities including acquisitions and our ability to achieve them, as well as management's response to these factors, and other factors identified in our filings with the Securities and Exchange Commission (SEC). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Chubb Limited

Summary Consolidated Balance Sheets

(in millions of U.S. dollars, except per share data)

(Unaudited)

June 30

2026

December 31
2025

Assets

Investments

$

172,649

$

168,720

Cash and restricted cash

2,753

2,470

Total invested assets

175,402

171,190

Insurance and reinsurance balances receivable

19,068

15,944

Reinsurance recoverable on losses and loss expenses

20,284

20,338

Goodwill and other intangible assets ($25,859 and $25,775 represents
Chubb portion as of 6/30/2026 and 12/31/2025, respectively)

26,488

26,448

Other assets

40,080

38,407

Total assets

$

281,322

$

272,327

Liabilities

Unpaid losses and loss expenses

$

89,669

$

88,018

Unearned premiums

28,511

26,279

Other liabilities

82,297

78,251

Total liabilities

200,477

192,548

Shareholders' equity

Chubb shareholders' equity, excl. AOCI

81,295

78,732

Accumulated other comprehensive income (loss) (AOCI)

(5,923)

(4,975)

Chubb shareholders' equity

75,372

73,757

Noncontrolling interests

5,473

6,022

Total shareholders' equity

80,845

79,779

Total liabilities and shareholders' equity

$

281,322

$

272,327

Book value per common share

$

195.45

$

188.59

Tangible book value per common share

$

131.93

$

126.22

Book value per common share, excl. AOCI

$

210.81

$

201.31

Tangible book value per common share, excl. AOCI

$

145.67

$

136.91

Chubb Limited

Summary Consolidated Financial Data

(in millions of U.S. dollars, except share, per share data, and ratios)

(Unaudited)

Three Months Ended

Six Months Ended

June 30

June 30

2026

2025

2026

2025

Gross premiums written

$

17,947

$

17,276

$

34,498

$

32,381

Net premiums written

14,705

14,196

28,710

26,842

Net premiums earned

13,889

13,125

27,346

25,125

Losses and loss expenses

6,691

6,572

12,822

13,468

Policy benefits

1,615

1,406

3,400

2,633

Policy acquisition costs

2,632

2,415

5,228

4,728

Administrative expenses

1,168

1,125

2,317

2,205

Net investment income

1,760

1,568

3,469

3,129

Net realized gains (losses)

162

160

(245)

44

Market risk benefits gains (losses)

5

(17)

19

(109)

Interest expense

200

181

398

362

Other income (expense):

Gains (losses) from separate account assets

63

(12)

51

(22)

Other

133

667

306

760

Amortization of purchased intangibles

74

74

147

149

Integration expenses and severance

8

2

17

2

Income tax expense

742

717

1,388

1,038

Net income

$

2,882

$

2,999

$

5,229

$

4,342

Less: NCI income

28

31

55

43

Chubb net income

$

2,854

$

2,968

$

5,174

$

4,299

Diluted earnings per share:

Chubb net income

$

7.30

$

7.35

$

13.17

$

10.63

Core operating income

$

7.26

$

6.14

$

14.07

$

9.82

Weighted average shares outstanding

391.3

403.8

393.0

404.3

P&C combined ratio

Loss and loss expense ratio

56.7 %

59.0 %

56.2 %

63.1 %

Policy acquisition cost ratio

19.1 %

18.5 %

19.5 %

18.9 %

Administrative expense ratio

8.0 %

8.1 %

8.2 %

8.4 %

P&C combined ratio

83.8 %

85.6 %

83.9 %

90.4 %

P&C underwriting income

$

1,937

$

1,631

$

3,729

$

2,072

SOURCE Chubb Limited

Chubb Limited (NYSE:CB) will release its second quarter earnings report after the closing bell on Tuesday, July 21.

Analysts expect the Zurich, Switzerland-based company to report quarterly earnings of $6.73 per share, up from $6.14 per share in the year-ago period. The consensus estimate for Chubb’s quarterly revenue is $13.01 billion. It reported $12.39 billion last year, according to Benzinga Pro.

On May 21, Chubb raised its quarterly dividend from 97 cents to $1.02 per share and announced a $7.5 billion buyback plan.

Chubb shares gained 0.1% to close at $352.53 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Considering buying CB stock? Here’s what analysts think:

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Chubb (CB +2.46%), the world's largest publicly traded provider of property, supplemental health, and casualty insurance, is a reliable blue chip stock. It's based in Switzerland, and it does business across 54 countries and territories. The current version of the company was created in 2016 after ACE Limited acquired the original Chubb and inherited its brand.

Chubb's stock has rallied 172% over the past ten years. With reinvested dividends, it delivered a total return of 226%. But at $352, it trades at just 12 times trailing earnings, compared to the S&P 500's historically high multiple of 32. It also pays a forward yield of 1.2%. So is it an undervalued, defensive stock to buy today?

Image source: Getty Images.

How fast is Chubb growing? From 2016 to 2025, Chubb's revenue and EPS grew at CAGRs of 7% and 13%, respectively. That growth was initially driven by ACE's takeover of Chubb, which instantly made it a powerhouse in the property and casualty insurance market.

Chubb dominated the high-net-worth insurance market in the U.S., expanded in Asia, replaced its legacy systems with newer technology platforms, and reduced its exposure to weaker businesses rather than taking on bad risk. Its fixed-income portfolio also benefited from higher interest rates.

Today's Change

(

2.46

%) $

8.46

Current Price

$

352.16

From 2025 to 2028, analysts expect Chubb's revenue and EPS to grow at CAGRs of 5% and 7%, respectively. That growth should be driven by the expansion of its middle-market and small commercial accounts to curb its dependence on the softer corporate property market, its deeper push into life insurance across Asia, automated underwriting services, agentic AI upgrades, and the "rolling" of its older, lower-rate fixed income investments into newer, higher-yielding ones.

Chubb also recently raised its dividend for the 33 consecutive year and authorized a new $7.5 billion buyback (equivalent to 5.5% of its current market cap). Those confident moves suggest its core businesses will continue to generate plenty of excess cash for the foreseeable future.

Is it the right time to buy Chubb's stock? Chubb's scale, diversification, and tech-driven upgrades make it a smart stock to buy today. It has a wide moat and is well insulated from macro headwinds because its customers generally won't cancel their insurance policies to save a few dollars.

While Chubb isn't a high-growth play, it's a stable one that should generate reliable returns. That's probably why Berkshire Hathaway significantly increased its position in Chubb over the past three years, and why it still looks like a screaming bargain at these levels.

Analysts on Wall Street project that Chubb (CB - Free Report) will announce quarterly earnings of $6.60 per share in its forthcoming report, representing an increase of 7.5% year over year. Revenues are projected to reach $15.89 billion, increasing 7.3% from the same quarter last year.

The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

Bearing this in mind, let's now explore the average estimates of specific Chubb metrics that are commonly monitored and projected by Wall Street analysts.

The combined assessment of analysts suggests that 'Net premiums written- North American Personal P&C Insurance' will likely reach $2.04 billion. The estimate suggests a change of +5.3% year over year.

It is projected by analysts that the 'Adjusted Net investment income- Overseas General Insurance' will reach $308.52 million. The estimate suggests a change of +11% year over year.

Analysts expect 'Adjusted Net investment income- Global Reinsurance' to come in at $95.41 million. The estimate suggests a change of +12.2% year over year.

Based on the collective assessment of analysts, 'Net premiums written- Total P&C' should arrive at $13.01 billion. The estimate indicates a change of +5% from the prior-year quarter.

The consensus among analysts is that 'Loss and loss expense ratio' will reach 58.5%. Compared to the present estimate, the company reported 59.0% in the same quarter last year.

According to the collective judgment of analysts, 'Combined ratio' should come in at 85.6%. Compared to the present estimate, the company reported 85.6% in the same quarter last year.

The collective assessment of analysts points to an estimated 'North America Agricultural Insurance - Combined ratio' of 89.3%. Compared to the current estimate, the company reported 89.1% in the same quarter of the previous year.

Analysts predict that the 'North America Agricultural Insurance - Loss and loss expense ratio' will reach 82.1%. Compared to the current estimate, the company reported 80.8% in the same quarter of the previous year.

The average prediction of analysts places 'North America Commercial P&C Insurance - Combined ratio' at 84.9%. Compared to the present estimate, the company reported 83.5% in the same quarter last year.

The consensus estimate for 'North America Commercial P&C Insurance - Loss and loss expense ratio' stands at 64.0%. The estimate is in contrast to the year-ago figure of 62.9%.

Analysts' assessment points toward 'Overseas General Insurance - Combined ratio' reaching 87.2%. Compared to the present estimate, the company reported 90.3% in the same quarter last year.

Analysts forecast 'Overseas General Insurance - Loss and loss expense ratio' to reach 51.2%. Compared to the current estimate, the company reported 54.2% in the same quarter of the previous year.

View all Key Company Metrics for Chubb here>>>

Over the past month, Chubb shares have recorded returns of +2.9% versus the Zacks S&P 500 composite's +0.5% change. Based on its Zacks Rank #3 (Hold), CB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Partnership pairs pet verification for operators with discounted pet health insurance for renters

, /PRNewswire/ -- Foxen, a leader in multifamily solutions that reduce risk and build financial wellness for owners, operators and their renters, today announced a partnership with Healthy Paws, a Chubb company (NYSE: CB), and a leading provider of accident and illness pet insurance coverage for dogs and cats. This partnership enables eligible residents to receive a 5% discount* and streamlined access to new Healthy Paws policies within Foxen's pet management solution, PetClear. PetClear is an AI-enabled solution that verifies animal information and collects policy affirmations from all rental applicants seamlessly within the leasing process.

Healthy Paws helps pet parents prepare for the unexpected with insurance coverage for their pets' emergency care, cancer treatment and new accidents and illnesses. Coverage also includes hereditary and congenital conditions, providing financial protection across a wide range of veterinary needs.

The partnership comes as pet ownership continues to shape renters' priorities. According to Foxen's Multifamily Pet Management Trends Report, 93% of property managers surveyed allow pets in their communities, with 94% agreeing that today's renters place a high value on living with pets. This trend shows that renters are increasingly seeking communities that offer meaningful support for pet ownership.

Quick Facts

Foxen's PetClear solution helps renters and property management teams share clear expectations around pets through streamlined information gathering, verification and standardized data collection, helping maintain consistency across pet-related decisions.

Through the partnership, Foxen is giving renters access to purchase Healthy Paws pet insurance policies within the PetClear application process. Additional key features of the offering include:

A 5% discount on new Healthy Paws pet insurance policies for eligible residents* Flexible policy options to meet a range of resident needs A seamless experience that simplifies securing pet insurance Streamlining Renters' Pet Compliance Obligations and Reducing Risk

The partnership also builds on PetClear's operational value for multifamily teams. By combining resident-facing benefits with operational efficiencies, the Healthy Paws partnership further expands the value PetClear delivers across the multifamily industry.

"Partnering with Healthy Paws helps us provide multifamily operators with additional ways to create truly pet-friendly communities that go beyond managing risk and truly enhance the renter experience with real benefits," said Kevin Jacobson, CEO of Foxen.

A Resident Benefit Pet Owners Will Notice

Renters who complete a PetClear application can now access discounted pet insurance while they are already focused on their pets' care and documentation needs. Through Foxen, operators can deliver added convenience and meaningful savings on pet healthcare insurance to their renters.

"At Healthy Paws, we believe access to pet insurance should be simple and affordable," said Alex Faynberg, Executive Vice President of Healthy Paws. "This partnership makes coverage easier for renters to discover and enroll, while helping protect against the unexpected."

To learn more about PetClear and the Healthy Paws offering, visit foxen.com/petclear and request a demo.

Frequently Asked Questions

How do renters access the Healthy Paws discount?
Eligible renters can access the 5% discount* when purchasing a Healthy Paws policy at the completion of the PetClear application process.

What does the partnership offer operators?
This partnership provides operators with a value-add amenity that supports pet-owning renters without creating additional work for on-site teams.

What does Healthy Paws cover?
Eligible policies provide insurance against new accidents and illnesses, including emergency care, hereditary and congenital conditions and cancer treatment for renters' pets.

*The referenced 5% discount applies only for new policies issued to customers referred to Healthy Paws through the Healthy Paws links in the Foxen resident portal. The discount is not available to residents in the states of CA, HI, MN, NY, TN, or WA.

About Foxen

Foxen is a leading proptech innovator delivering value-add solutions and services that increase revenue and reduce risk for multifamily owners and operators. Our fully integrated platform enables 100% renters insurance compliance, rent reporting and credit building programs for residents and streamlined pet management. Powered by AI-enabled technology and expert customer support, Foxen continuously develops automated solutions that simplify operations, enhance resident satisfaction and retention and help properties maximize NOI. For more information about Foxen, visit www.foxen.com or follow Foxen on LinkedIn.

About Healthy Paws
Healthy Paws, a Chubb company, is a leading provider of pet health insurance in the United States, dedicated to helping pet parents give their pets the best medical care possible. Founded in 2009, Healthy Paws offers a simple, transparent plan that covers new accidents, illnesses, cancer, emergency care, genetic conditions, and more. With an easy-to-use mobile app, fast claims processing, and a customer-first approach, Healthy Paws delivers a seamless and compassionate experience. As part of Chubb, a world leader in insurance, Healthy Paws is backed by exceptional financial strength and industry expertise. Healthy Paws pet insurance products are offered through Chubb Insurance Solutions Agency Inc. (CISA) (California license no. 0D12120). Learn more at www.healthypawspetinsurance.com.

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.

Media Contact
PANBlast for Foxen
[email protected]

SOURCE Foxen

Wall Street expects a year-over-year increase in earnings on higher revenues when Chubb (CB - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis insurer is expected to post quarterly earnings of $6.60 per share in its upcoming report, which represents a year-over-year change of +7.5%.

Revenues are expected to be $15.89 billion, up 7.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.28% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Chubb?For Chubb, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.97%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Chubb will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Chubb would post earnings of $6.48 per share when it actually produced earnings of $6.82, delivering a surprise of +5.25%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Chubb appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Insurance - Property and Casualty industry, Travelers (TRV - Free Report) , is soon expected to post earnings of $5.14 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -21%. Revenues for the quarter are expected to be $12.28 billion, up 1.4% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Travelers has been revised 0.9% down to the current level. Nevertheless, the company now has an Earnings ESP of +6.09%, reflecting a higher Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Travelers will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Chubb (CB - Free Report) closed at $355.09 in the latest trading session, marking a -1.17% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.28%. On the other hand, the Dow registered a loss of 1.09%, and the technology-centric Nasdaq increased by 0.2%.

Coming into today, shares of the insurer had gained 10.51% in the past month. In that same time, the Finance sector gained 5.35%, while the S&P 500 gained 1.64%.

Market participants will be closely following the financial results of Chubb in its upcoming release. The company plans to announce its earnings on July 21, 2026. The company is expected to report EPS of $6.58, up 7.17% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $15.89 billion, showing a 7.26% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $26.77 per share and revenue of $64.36 billion, which would represent changes of +7.99% and +7.33%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chubb. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.11% lower. Chubb is currently a Zacks Rank #3 (Hold).

In the context of valuation, Chubb is at present trading with a Forward P/E ratio of 13.42. This indicates a premium in contrast to its industry's Forward P/E of 12.17.

We can additionally observe that CB currently boasts a PEG ratio of 1.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Insurance - Property and Casualty industry stood at 2.56 at the close of the market yesterday.

The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 112, finds itself in the top 46% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Chubb (CB - Free Report) , which belongs to the Zacks Insurance - Property and Casualty industry.

This insurer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 9.59%.

For the last reported quarter, Chubb came out with earnings of $6.82 per share versus the Zacks Consensus Estimate of $6.48 per share, representing a surprise of 5.25%. For the previous quarter, the company was expected to post earnings of $6.6 per share and it actually produced earnings of $7.52 per share, delivering a surprise of 13.94%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Chubb. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Chubb has an Earnings ESP of +6.72% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 21, 2026.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Key Takeaways CB is expanding through premium growth, specialty insurance demand and strategic acquisitions.Premiums are supported by growth across P&C, Overseas General, Consumer and Life Insurance.Chubb continues returning capital through dividend increases while investing in AI and distribution. Shares of Chubb Limited (CB - Free Report) have gained 17.6% in the past year, outperforming the industry’s growth of 1.6%. Its share price closed at $340.74 on Tuesday, near its 52-week high of $345.67, reflecting strong investor confidence.

Chubb's strong underwriting performance, growing investment income and disciplined capital management position the stock for further price appreciation. While its premium valuation may limit multiple expansion, its solid fundamentals should continue to support long-term gains. CB has surpassed earnings estimates in each of the last four quarters, the average being 12.4%.

Shares of some of its peers, like The Travelers Companies, Inc. (TRV - Free Report) , have gained 23.6%, whereas W.R. Berkley Corporation (WRB - Free Report) and Kinsale Capital Group, Inc. (KNSL - Free Report) have lost 3.2% and 31.2%, respectively,  in the past year.

1- Year Price Performance: CB, TRV, WRB, KNSL & Industry
Image Source: Zacks Investment Research

CB’s Premium ValuationShares of Chubb Limited are trading at a premium compared with the industry. Its trailing 12-month price-to-book value of 1.65X is higher than the industry average of 1.44X, reflecting investor confidence. However, it currently carries a Value Score of B.

Image Source: Zacks Investment Research

Shares of other insurers like TRV, WRB, and KNSL are trading at a multiple higher than the industry average.

CB’s Growth Projection EncouragesThe Zacks Consensus Estimate for Chubb Limited’s 2026 EPS indicates a year-over-year increase of 8.1%. The consensus estimate for revenues is pegged at $64.40 billion, implying a year-over-year improvement of 7.4%.

The consensus estimate for 2027 earnings per share and revenues indicates an increase of 7.7% and 4.9%, respectively, from the corresponding 2026 estimates.

Optimist Analyst Sentiment on CBThree analysts covering the stock have raised estimates for 2026 and 2027, with no downward revisions over the past 60 days. Thus, the Zacks Consensus Estimate for 2026 and 2027 earnings have moved up 0.4% and 0.7%, respectively, in the same time frame.

CB’s Favorable Return on CapitalReturn on equity in the trailing 12 months was 12%, better than the industry average of 6%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders’ equity.

Return on Invested Capital in the trailing 12 months was 9.5%, better than the industry average of 5.7%, which reflects CB’s efficiency in utilizing funds to generate income

Factors Benefiting CB StockChubb remains focused on capitalizing on the potential of middle-market businesses (both domestic and international), while maintaining disciplined underwriting. The company prioritizes profitability over premium growth by exiting inadequately priced business, particularly in large-account property insurance. Continued investments in AI, digital capabilities, and distribution, along with strong broker relationships, drive new business growth and improve renewal rates.

Chubb continues to benefit from broad-based premium growth across its businesses. In the first quarter of 2026, total net premiums written increased 10.7%, driven by solid growth in P&C insurance, Overseas General and Consumer Insurance. Strong momentum across Europe, Asia and Latin America, along with continued expansion in Worksite Benefits and Life Insurance, and growing demand for specialty and cyber insurance, supports premium growth and strengthens Chubb's long-term growth profile.

CB pursues strategic mergers and acquisitions to diversify its portfolio, add capabilities and synergies, and expand its geographic footprint. The company acquired Liberty Mutual's insurance business in Thailand in April 2025 and is expected to complete the acquisition of Liberty Mutual Vietnam in early 2026. These acquisitions have strengthened Chubb's presence in Southeast Asia and contributed to premium revenue growth.

Higher investment income remains a key earnings driver for Chubb, supported by a growing invested asset base, higher portfolio yields and favorable private equity returns. Chubb Limited expects adjusted net investment income to be between $1.825 billion and $1.85 billion in the second quarter of 2026.

Chubb has a strong capital position and sufficient cash-generation capabilities, with an operating cash flow of $3.9 billion as of March 31, 2026, which supports wealth distribution to shareholders and growth initiatives. The company recently increased its dividend by 5.2%, marking its 33rd consecutive annual increase. The dividend yield of 1.2%, higher than the industry average of 0.3%, Chubb remains an attractive choice for income-focused investors.

Risks for CBBeing a P&C insurer, CB is exposed to catastrophe events, which induce volatility in underwriting profitability and affect the combined ratio. Given the uncertainty surrounding the magnitude of cat loss, higher losses could drain earnings.

Softening commercial insurance pricing remains a headwind for Chubb, as continued rate declines could weigh on premium growth and profitability.

ConclusionChubb Limited’s market-leading position, disciplined underwriting, broad-based premium growth, higher investment income, strong capital position and capital returns pave the way for long-term growth. Favorable estimates, optimistic analyst sentiment and higher ROE are other positives. A VGM Score of B instills confidence.

However, given its premium valuation, catastrophe losses and softer commercial pricing remain risks. We prefer to stay cautious on this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Chubb Limited (NYSE: CB) will hold its second quarter earnings conference call on Wednesday, July 22, 2026, at 8:30 a.m. Eastern.

The company expects to issue its second quarter earnings release and financial supplement after the market closes on Tuesday, July 21, 2026. These documents will be available on the company's investor website at investors.chubb.com.

The earnings conference call will be available via live webcast at investors.chubb.com or by dialing 877-400-4403 (within the United States) or 332-251-2601 (international), passcode 1641662. Please refer to the Chubb website under Events and Presentations for details. A replay will be available after the call at the same location. To listen to the replay, click here to register and receive dial-in numbers.

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.

SOURCE Chubb Limited

Also from this source

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Chubb (CB - Free Report) Chubb Limited was formerly known as ACE Limited. ACE Limited after acquiring The Chubb Corp in Jan 2016 assumed the name of Chubb. Headquartered in Zurich, Switzerland, the company boasts being one of the world’s largest providers of property and casualty (P&C) insurance and reinsurance and largest publicly traded P&C insurer, based on market capitalization of $86 billion. Chubb has diversified through acquisitions into many specialty lines, including marine, medical risk, excess property, environmental and terrorism insurance and has local operations in 54 countries and territories. Chubb provides specialized insurance products such as personal accident, supplemental health and life insurance to individuals in select countries. Its reinsurance operations include both P&C and life companies.

CB is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 12.34; value investors should take notice.

Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.12 to $26.80 per share. CB also boasts an average earnings surprise of +12.4%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, CB should be on investors' short list.

Chubb (CB - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this insurer have returned +2.1%, compared to the Zacks S&P 500 composite's -1.3% change. During this period, the Zacks Insurance - Property and Casualty industry, which Chubb falls in, has gained 1.7%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Chubb is expected to post earnings of $6.57 per share, indicating a change of +7% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $26.8 points to a change of +8.1% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $28.86 indicates a change of +7.7% from what Chubb is expected to report a year ago. Over the past month, the estimate has remained unchanged.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Chubb.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Chubb, the consensus sales estimate for the current quarter of $15.89 billion indicates a year-over-year change of +7.3%. For the current and next fiscal years, $64.4 billion and $67.58 billion estimates indicate +7.4% and +4.9% changes, respectively.

Last Reported Results and Surprise HistoryChubb reported revenues of $15.3 billion in the last reported quarter, representing a year-over-year change of +11.9%. EPS of $6.82 for the same period compares with $3.68 a year ago.

Compared to the Zacks Consensus Estimate of $14.85 billion, the reported revenues represent a surprise of +2.97%. The EPS surprise was +5.25%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Chubb is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Chubb. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Key Takeaways CB's net investment income rose 9.5% in the first quarter of 2026, driven by higher average invested assets. Adjusted net investment income at $1.84 billion, aided by asset growth & stronger private equity returns. Rising invested assets & portfolio yields are likely to keep investment income a key earnings driver. Chubb Limited (CB - Free Report) is one of the insurance industry's biggest beneficiaries of a higher-yield environment. Its large and conservatively managed investment portfolio has produced record net investment income over the past several years, creating a powerful earnings tailwind alongside its strong underwriting operations.

Net investment income (NII) is a major earnings driver for Chubb because it invests its large insurance float primarily in fixed-income securities, equities and other investments. Investment income provides earnings stability even when catastrophe losses affect underwriting results. Additionally, the metric strengthens Chubb's cash flow and capital position, enabling the company to fund dividends, share repurchases, acquisitions and strategic growth initiatives without relying solely on insurance operations.

Net investment income is influenced by several factors, including the amounts and timing of inward and outward cash flows, interest rates and changes in overall asset allocation. Net investment income increased 9.5% in the first quarter of 2026 compared with the year-ago quarter, primarily due to higher average invested assets.

Adjusted net investment income of $1.84 billion was at the top end of the previously guided range, primarily due to the increase in the invested asset base and stronger private equity returns. Chubb expects adjusted net investment income in the second quarter of 2026 to be between $1.825 billion and $1.85 billion.

As one of the world's largest property and casualty insurers, Chubb benefits significantly from a large and conservatively managed investment portfolio. Therefore, rising invested assets, higher reinvestment rates and disciplined investment management are the primary drivers of its net investment income growth.

As long as portfolio yields remain elevated and invested assets continue growing, net investment income should remain an important contributor to Chubb's earnings growth.

What About Other Insurers?Cincinnati Financial Corporation (CINF - Free Report) has been witnessing net investment income growth over the past few years. Investment income, net of expenses, is driven by higher interest income and solid cash flow, in addition to higher bond yields. The company expects its investment philosophy and initiatives to drive investment income growth and generate a total return on equity investment portfolio over a five-year period that exceeds the five-year return of the S&P 500 Index. Cincinnati Financial believes that its investment portfolio mix provides an appropriate balance of income stability and growth, with capital appreciation potential.

The Travelers Companies, Inc.’s (TRV - Free Report) net investment income is a material contributor to the company’s results of operations, consistently providing a reliable source of earnings that complements its underwriting activities. Net investment income acts as a second earnings engine for TRV after underwriting profit. The metric significantly boosts top-line growth for Travelers by generating steady earnings from investing policyholder premiums in bonds and other income-producing assets.

CB’s Price PerformanceShares of CB have gained 13.4% in the past year against the industry’s decline of 1.6%.

Image Source: Zacks Investment Research

CB’s OvervaluationThe stock is overvalued compared with its industry. It is currently trading at a price-to-book value multiple of 1.58, higher than the industry average of 1.39. It carries a Value Score of B.

Image Source: Zacks Investment Research

Estimate Movement for CBThe Zacks Consensus Estimate for CB’s third-quarter 2026 EPS has moved down 0.6% in the past 60 days. The same for full-year 2026 and 2027 EPS has both moved up 0.6% in the past 60 days.

Image Source: Zacks Investment Research

Chubb (CB - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this insurer have returned -1.1% over the past month versus the Zacks S&P 500 composite's +8.8% change. The Zacks Insurance - Property and Casualty industry, to which Chubb belongs, has gained 0.8% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Chubb is expected to post earnings of $6.56 per share for the current quarter, representing a year-over-year change of +6.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.7%.

The consensus earnings estimate of $26.78 for the current fiscal year indicates a year-over-year change of +8%. This estimate has changed +1.8% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $28.77 indicates a change of +7.4% from what Chubb is expected to report a year ago. Over the past month, the estimate has changed +1.8%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Chubb.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Chubb, the consensus sales estimate for the current quarter of $15.89 billion indicates a year-over-year change of +7.3%. For the current and next fiscal years, $64.4 billion and $67.59 billion estimates indicate +7.4% and +5% changes, respectively.

Last Reported Results and Surprise HistoryChubb reported revenues of $15.3 billion in the last reported quarter, representing a year-over-year change of +11.9%. EPS of $6.82 for the same period compares with $3.68 a year ago.

Compared to the Zacks Consensus Estimate of $14.85 billion, the reported revenues represent a surprise of +2.97%. The EPS surprise was +5.25%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Chubb is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Chubb. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

, /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that its subsidiary, Chubb INA Holdings LLC, has priced a public offering of $1 billion of 5.30% senior notes due 2036 (the "2036 Notes"). The 2036 Notes are guaranteed by Chubb Limited. 

Chubb intends to use the net proceeds for general corporate purposes, which may include the repayment or refinancing of debt. 

The joint book-running managers for the offering are Barclays Capital Inc. and Wells Fargo Securities, LLC.

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any of the 2036 Notes or any other securities, nor will there be any offer, solicitation or sale of the 2036 Notes or any other securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained by calling Barclays Capital Inc. at 1-888-603-5847 or Wells Fargo Securities, LLC at 1-800-645-3751.

Alternatively, the prospectus supplement and accompanying prospectus may be obtained by visiting EDGAR on the U.S. Securities and Exchange Commission (SEC) website at www.sec.gov.

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people. Additional information can be found at: www.chubb.com.

Cautionary Statement Regarding Forward-Looking Statements:

Forward-looking statements made in this press release, such as statements regarding use of proceeds, reflect the company's current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from these statements. Additional information regarding factors that could cause differences from these forward-looking statements appears in the company's filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.

SOURCE Chubb Limited

, /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that at its 2026 Annual General Meeting, held at the company's offices in Zurich, Switzerland, shareholders approved a 5.2% increase in the company's dividend to $4.08 per share annually ($1.02 per share, per quarter) from $3.88 per share ($0.97 per share, per quarter). This marks the 33rd consecutive annual increase in the company's dividend. Shareholders also voted in line with the Board's recommendations on all other agenda items at the Annual General Meeting.

The dividend will be payable out of legal reserves in four quarterly installments and will be made in United States dollars by the company's transfer agent, as described in the Chubb Limited 2026 proxy statement. The company's Board of Directors declared that shareholders of record at the close of business on June 12, 2026 will be entitled to payment of the first installment of $1.02 per share on July 2, 2026.

The company also announced today that its Board of Directors has authorized a new $7.5 billion share repurchase program. The program is effective July 1, 2026 and has no expiration date. The company's existing share repurchase program will remain effective through June 30, 2026. The timing and volume of any share repurchases under this authorization will be determined by management at its discretion.

Share repurchases, which are subject to market conditions, other business considerations and applicable legal requirements, may be made in the open market, in privately negotiated transactions, block trades, accelerated repurchases or through option or other forward transactions.

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.

Cautionary Statement Regarding Forward-Looking Statements: 
Forward-looking statements made in this press release, such as statements regarding dividends or share repurchases, and our expectations and intentions and other statements that are not historical facts, reflect the company's current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, payment of scheduled or future dividends could be affected by extraordinary company events or capital constraints or similar factors that could require the company to adjust, delay or withhold dividend payments. Additional information regarding factors that could cause differences from these forward-looking statements appears in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. 

SOURCE Chubb Limited

Chubb Limited Shareholders Approve 33rd Consecutive Annual Dividend Increase; Chubb Limited Board Declares Record Date for First Dividend Installment and Authorizes New Share Repurchase Program PR Newswire

ZURICH, May 21, 2026

, /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that at its 2026 Annual General Meeting, held at the company's offices in Zurich, Switzerland, shareholders approved a 5.2% increase in the company's dividend to $4.08 per share annually ($1.02 per share, per quarter) from $3.88 per share ($0.97 per share, per quarter). This marks the 33rd consecutive annual increase in the company's dividend. Shareholders also voted in line with the Board's recommendations on all other agenda items at the Annual General Meeting.

The dividend will be payable out of legal reserves in four quarterly installments and will be made in United States dollars by the company's transfer agent, as described in the Chubb Limited 2026 proxy statement. The company's Board of Directors declared that shareholders of record at the close of business on June 12, 2026 will be entitled to payment of the first installment of $1.02 per share on July 2, 2026.

The company also announced today that its Board of Directors has authorized a new $7.5 billion share repurchase program. The program is effective July 1, 2026 and has no expiration date. The company's existing share repurchase program will remain effective through June 30, 2026. The timing and volume of any share repurchases under this authorization will be determined by management at its discretion.

Share repurchases, which are subject to market conditions, other business considerations and applicable legal requirements, may be made in the open market, in privately negotiated transactions, block trades, accelerated repurchases or through option or other forward transactions.

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.

Cautionary Statement Regarding Forward-Looking Statements:
Forward-looking statements made in this press release, such as statements regarding dividends or share repurchases, and our expectations and intentions and other statements that are not historical facts, reflect the company's current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, payment of scheduled or future dividends could be affected by extraordinary company events or capital constraints or similar factors that could require the company to adjust, delay or withhold dividend payments. Additional information regarding factors that could cause differences from these forward-looking statements appears in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.

View original content to download multimedia:https://www.prnewswire.com/news-releases/chubb-limited-shareholders-approve-33rd-consecutive-annual-dividend-increase-chubb-limited-board-declares-record-date-for-first-dividend-installment-and-authorizes-new-share-repurchase-program-302779023.html

SOURCE Chubb Limited

Chubb (CB - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this insurer have returned -1.5% over the past month versus the Zacks S&P 500 composite's +5.1% change. The Zacks Insurance - Property and Casualty industry, to which Chubb belongs, has gained 2.1% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Chubb is expected to post earnings of $6.56 per share, indicating a change of +6.8% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The consensus earnings estimate of $26.79 for the current fiscal year indicates a year-over-year change of +8.1%. This estimate has changed +0.4% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $28.81 indicates a change of +7.5% from what Chubb is expected to report a year ago. Over the past month, the estimate has changed +0.5%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Chubb.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Chubb, the consensus sales estimate of $15.89 billion for the current quarter points to a year-over-year change of +7.3%. The $64.4 billion and $67.58 billion estimates for the current and next fiscal years indicate changes of +7.4% and +4.9%, respectively.

Last Reported Results and Surprise HistoryChubb reported revenues of $15.3 billion in the last reported quarter, representing a year-over-year change of +11.9%. EPS of $6.82 for the same period compares with $3.68 a year ago.

Compared to the Zacks Consensus Estimate of $14.85 billion, the reported revenues represent a surprise of +2.97%. The EPS surprise was +5.25%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Chubb is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Chubb. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to Chubb INA Holdings LLC’s (Chubb) (Delaware) recently announced CAD 800 million issuance of senior unsecured notes in the Canadian market in two tranches, which are guaranteed by Chubb Limited: CAD 400 million issuance of 3.78% senior unsecured notes due 2031 and CAD 400 million issuance of 4.034% senior unsecured notes due 2033. The outlook assigned to these Credit Rating is stable.

Chubb intends to use the net proceeds from this offering for general corporate purposes, which may include the redemption, repurchase or repayment of outstanding indebtedness.

Chubb Limited is the Swiss-incorporated holding company of the Chubb Group of Insurance Companies. At March 31, 2026, Chubb had total assets of USD 275.5 billion and shareholders’ equity (excluding noncontrolling interests) of USD 73.8 billion.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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In the latest close session, Chubb (CB - Free Report) was down 1.35% at $321.88. This move lagged the S&P 500's daily gain of 0.3%. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq appreciated by 0.86%.

Prior to today's trading, shares of the insurer had gained 2.07% outpaced the Finance sector's gain of 1.34% and the S&P 500's gain of 1.92%.

Market participants will be closely following the financial results of Chubb in its upcoming release. On that day, Chubb is projected to report earnings of $6.56 per share, which would represent year-over-year growth of 6.84%. Meanwhile, the latest consensus estimate predicts the revenue to be $15.89 billion, indicating a 7.26% increase compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates project earnings of $26.8 per share and a revenue of $64.4 billion, demonstrating changes of +8.11% and +7.4%, respectively, from the preceding year.

Investors should also pay attention to any latest changes in analyst estimates for Chubb. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. Currently, Chubb is carrying a Zacks Rank of #3 (Hold).

In the context of valuation, Chubb is at present trading with a Forward P/E ratio of 12.17. For comparison, its industry has an average Forward P/E of 10.8, which means Chubb is trading at a premium to the group.

Investors should also note that CB has a PEG ratio of 1.67 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 2.38 based on yesterday's closing prices.

The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 37% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow CB in the coming trading sessions, be sure to utilize Zacks.com.