NYSE$CB

Chubb Corp · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Chubb reported Q2 2026 net income of $2.85 billion and core operating income of $2.84 billion, with P&C combined ratio of 83.8%.

Chubb Limited reported second quarter 2026 net income of $2.85 billion ($7.30 per share) and core operating income of $2.84 billion ($7.26 per share), up 14.6% and 18.2% respectively. Consolidated net premiums written reached $14.7 billion, up 3.6%, while P&C underwriting income rose 18.8% to $1.94 billion. Record adjusted net investment income of $1.88 billion supported strong results across diversified operations.

  • Core operating EPS of $7.26 increased 18.2% year-over-year driven by P&C underwriting and investment income growth.
  • P&C combined ratio improved to 83.8% with current accident year combined ratio ex-catastrophes at 82.2%.
  • North America P&C net premiums written grew modestly at 0.4% while Overseas General rose 10.2%.
  • Life Insurance segment income increased 9.0% to $332 million with net premiums written up 7.5%.

Headline financials

Total Revenue

$13.9B

Previous: $14.8B-6.4%
EPS (adj)

$7.26

Previous: $7.35-1.2%
P&C Combined Ratio

83.8%

No prior period
P&C Underwriting Income

$1.94B

No prior period
Current AY CR ex-CAT

82.2%

No prior period
Current AY UW Income ex-CAT

$2.13B

No prior period
Life Segment Income

$332M

No prior period
Pre-tax Net Investment Income

$1.76B

No prior period
Adjusted Net Investment Income

$1.88B

No prior period
Annualized ROE

15.3%

No prior period
Annualized Core Op ROTE

21.2%

No prior period
Annualized Core Op ROE

14.5%

No prior period
Pre-tax Catastrophe Losses

$475M

No prior period
Favorable PPD

$283M

No prior period
Net Income

$2.85B

Previous: $2.97B-3.8%
Operating Income

$2.84B

Previous: $3.66B-22.4%

Revenue & EPS history

Chubb · Revenue · Quarterly

$13.9B

Q2 2026-6.4%vs Q2 2025
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Chubb · $4.66B total across 2 segments · Q3 2023

  • Overseas General
    $3.21B+21.4%
  • Life Insurance
    $1.45B+14.1%

Forward guidance

Management expects continued outperformance and strong growth in operating earnings and EPS with double-digit growth in tangible book value, supported by diversification and underwriting discipline.

Tailwinds

  • Majority of businesses growing despite property market softness
  • Record investment income and strong Life segment performance
  • Tangible book value per share up 17.1% year-over-year

Headwinds

  • Soft underwriting conditions in large account and E&S property
  • North America Commercial premiums down 2.3%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.4%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+2.2%

Avg return

30 days after

55%

40 / 73 earnings

Positive

+7.9%

Q4 2019

Best reaction

-7.3%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+1.7%-1.4%-0.4%
Q4 2025+5.1%+4.1%+4.7%
Q3 2025+2.7%+4.6%+10.8%
Q2 2025+1.0%+0.5%+2.7%
Q1 2025-2.2%-2.8%-1.5%
Q4 2024+1.3%+0.6%+4.9%
Q3 2024-2.2%-4.3%+0.1%
Q2 2024-0.8%+3.1%+4.1%
Q1 2024-3.4%-2.4%+4.6%
Q4 2023+0.9%+1.6%+3.7%
Q3 2023+4.4%+1.0%+9.8%
Q2 2023+2.7%+2.7%+0.3%
Q1 2023-1.1%+0.5%-5.0%
Q4 2022-5.6%-7.2%-7.8%
Q3 2022+0.4%+5.5%+5.3%
Q2 2022-0.1%+0.8%+5.5%
Q1 2022+1.6%-0.4%+0.2%
Q4 2021+5.2%+4.7%+4.4%
Q3 2021+1.2%+3.9%+1.2%
Q2 2021-1.3%+0.4%+9.6%
Q1 2021-1.2%+3.3%+2.0%
Q4 2020+4.9%+9.8%+12.1%
Q3 2020+1.1%+3.1%+21.1%
Q2 2020-0.3%-3.9%-3.5%
Q1 2020-7.3%-9.3%-1.4%
Q4 2019+7.9%+6.2%-5.4%
Q3 2019+3.5%+1.5%+2.6%
Q2 2019+2.6%+3.5%+5.0%
Q1 2019+0.4%+1.0%+1.5%
Q4 2018-3.0%-2.7%-0.9%
Q3 2018-1.7%-2.9%+4.1%
Q2 2018+1.3%+2.9%-0.5%
Q1 2018-0.7%-0.7%-3.5%
Q4 2017+1.3%-0.6%-9.3%
Q3 2017-0.9%-2.2%-3.4%
Q2 2017-2.0%-1.0%-2.8%
Q1 2017+1.6%+0.3%+4.4%
Q4 2016-2.5%-0.3%+5.1%
Q3 2016+3.9%+4.3%+3.6%
Q2 2016-0.6%-2.1%-1.5%
Q1 2016+3.6%
Q4 2015+0.1%
Q3 2015+3.7%
Q2 2015-0.1%
Q1 2015+0.6%
Q4 2014-1.2%
Q3 2014+1.0%
Q2 2014-0.9%
Q1 2014+0.1%
Q4 2013-0.2%
Q3 2013-0.2%
Q2 2013+0.5%
Q1 2013-0.7%
Q4 2012+2.0%
Q3 2012-0.5%
Q2 2012+1.7%
Q1 2012+1.4%
Q4 2011-0.7%
Q3 2011+0.3%
Q2 2011-5.5%
Q1 2011+0.8%
Q4 2010+1.0%
Q3 2010-2.7%
Q2 2010+0.9%
Q1 2010+1.8%
Q1 2009+1.8%
Q4 2007-0.7%
Q4 2009-0.7%
Q3 2008+2.0%
Q3 2009+2.0%
Q4 2008-1.3%
Q2 2008-1.3%
Q2 2009-1.3%

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