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AI Takeaway
In 2026-Q2, Chubb delivered 6.6% growth in total revenues to $15.8B and lower catastrophe losses, but net income attributable to Chubb declined 3.8% to $2.9B as lower private-equity mark-to-market gains and higher expenses more than offset underwriting and investment-income growth. Source: 10-Q Item 2 MD&A, p.53
Chubb's 2026-Q2 revenue rose 6.6% to $15.8B and P&C underwriting improved on lower catastrophe losses, while net income attributable to Chubb decreased 3.8% to $2.85B.
Last 4 quarters: 4 beats
Reported EPS of $7.26 versus the $6.95 analyst consensus — a +4.4% beat for Jun 2026.
Total revenues increased 6.6% year over year to $15.8B in 2026-Q2. Net premiums earned rose 5.8% to $13.9B, while net investment income increased 12.3% to $1.76B, primarily due to higher average invested assets.
Source: 10-Q Item 2 MD&A, p.53
The P&C combined ratio improved to 83.8% from 85.6%, principally reflecting lower catastrophe losses. Pre-tax catastrophe losses were $475M, down from $630M; the accident-year combined ratio excluding catastrophe losses was essentially stable at 82.2% versus 82.3%.
Source: 10-Q Item 2 MD&A, pp.53, 55-56
North America Personal P&C segment income increased 29.9% to $728M, with its combined ratio improving 6.2 points to 67.3%. Overseas General segment income increased 67.2% to $995M, aided by lower catastrophe losses, favorable prior-period development, and premium growth across Europe, Asia, and Latin America.
Source: 10-Q Item 2 MD&A, pp.58-63
North America Commercial P&C net premiums written declined 2.3% to $5.6B. Management said underwriting actions in large-account and E&S property reduced overall growth by approximately 6.4 percentage points, while middle-market and small-commercial premiums grew 8.9%.
Source: 10-Q Item 2 MD&A, pp.57-58
Life Insurance net premiums written rose 7.5% to $1.94B, driven by 6.2% international-life growth and 14.0% growth in Chubb Benefits. In contrast, Global Reinsurance premiums declined 6.7% to $354M, reflecting increased client risk retention, lower underlying rates, and less favorable reinsurance terms.
Source: 10-Q Item 2 MD&A, pp.53, 63-64
Chubb recorded $475M of net catastrophe losses in 2026-Q2, primarily from U.S. flooding, hail, tornadoes, wind events, winter-related storms, and international weather events. Catastrophe losses are inherently volatile and can materially affect underwriting results; North America P&C accounted for $442M of the quarter's catastrophe losses.
Source: 10-Q Item 2 MD&A, p.54
The company reported $441M of favorable prior-period development in active companies during 2026-Q2, but its corporate runoff portfolio had $158M of adverse development, primarily related to molestation claims. Future reserve estimates may develop adversely, particularly in long-tail or runoff liabilities.
Source: 10-Q Item 2 MD&A, p.54
North America Commercial P&C net premiums written fell 2.3% to $5.6B in 2026-Q2. Management stated that underwriting actions in large-account and E&S property reduced overall segment growth by approximately 6.4 percentage points, creating a risk that disciplined risk selection may restrain near-term premium growth.
Source: 10-Q Item 2 MD&A, p.58
Global Reinsurance net premiums written declined 6.7% to $354M in 2026-Q2. Management attributed the decline to increased risk retention by clients, lower underlying rates, and less favorable reinsurance terms, which can limit premium volume and affect portfolio economics.
Source: 10-Q Item 2 MD&A, p.64
Although net investment income increased 12.3% to $1.76B, net income attributable to Chubb fell 3.8% to $2.85B, with management citing lower mark-to-market gains on private-equity investments as an offset to underwriting and investment-income growth. This indicates that quarterly earnings can be affected by investment valuation movements.
Source: 10-Q Item 2 MD&A, p.53
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
Chubb (CB) is next expected to report on , when the following quarter's results and any updated outlook will be available.
See the CB earnings preview — expected date, analyst estimates and what to watch →
Chubb reported total revenues of $15.8B, up 6.6% year over year, and net income attributable to Chubb of $2.85B, down 3.8%. Its P&C combined ratio improved to 83.8% from 85.6% as catastrophe losses declined to $475M from $630M. Source: 10-Q Item 2 MD&A, pp.53, 55-56
Consolidated net premiums written rose 3.6% to $14.71B, or 2.0% on a constant-dollar basis. Growth was led by Overseas General at 10.2%, North America Personal P&C at 6.0%, and Life Insurance at 7.5%, partly offset by a 2.3% decline in North America Commercial P&C premiums. Source: 10-Q Item 2 MD&A, pp.53-54, 57-63
Net income attributable to Chubb decreased 3.8% to $2.85B even though revenue rose 6.6%, because management cited lower mark-to-market gains on private-equity investments. Total expenses also rose 9.7% to $12.19B, faster than total revenue growth. Source: 10-Q Item 2 MD&A, p.53
Pre-tax net catastrophe losses were $475M in 2026-Q2, down from $630M in the prior-year quarter. The lower loss level contributed to a 1.8-point improvement in Chubb's consolidated P&C combined ratio to 83.8%, although North America Commercial P&C catastrophe losses increased to $302M from $229M. Source: 10-Q Item 2 MD&A, pp.54-58
Reported EPS of $7.26 versus the $6.95 analyst consensus — a +4.4% beat for Q2 2026.
Chubb (CB) is next expected to report earnings on Oct 19, 2026. The date comes from the analyst earnings calendar and can shift until the company confirms it.
Expected release date, analyst estimates & what to watch
Chubb Limited delivered a strong Q1 2026 with revenue rising 10.6% YoY to $14.77B and net income surging 74.3% to $2.32B, driven by robust underwriting performance and significantly higher operating cash flow of $3.95B.
CB (Chubb) delivered strong FY2025 results with revenue growing 6.5% to $59.4B and net income rising 11.2% to $10.3B, though operating cash flow declined 20.8% year-over-year.
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