Chubb Limited Reports Strong Financial Growth for 2025

Chubb Limited has unveiled its financial results for the quarter and year ending December 31, 2025, showcasing robust performance metrics. The fourth-quarter net income hit $3.21 billion, which translates to $8.10 per share, reflecting a 24.7% increase from the previous year. Core operating income surged to $2.98 billion or $7.52 per share, with book value per share improving by 3.5% to $188.59, and tangible book value rising by 5.1% to $126.22, bolstered by $288 million in net realized and unrealized gains within the investment portfolio.

Annual Performance Highlights

Throughout 2025, Chubb achieved a net income of $10.31 billion, or $25.68 per share, and core operating income of $9.95 billion, equating to $24.79 per share. The annual performance benefited from $3.54 billion in investment portfolio gains and $724 million from foreign currency gains, prompting an 18% increase in book value per share and a 25.7% surge in tangible book value per share versus the previous year.

Evan G. Greenberg, Chairman and CEO of Chubb, emphasized the "very strong contributions from all areas," with underwriting, life income, and investment income experiencing double-digit growth in the fourth quarter. Net premiums rose nearly 9%, driven by a 7.7% increase in property and casualty and a 17% boost in life insurance premiums. Remarkably, underwriting income grew by 40% to $2.2 billion, with a record combined ratio of 81.2%.

Strategic Growth and Financial Stability

Full-year results demonstrated record-high operating income approaching $10 billion, with property and casualty underwriting income achieving an 11.6% increase. Performance was strong in both fixed income and private investment portfolios, while life insurance income rose by over 13%, despite encountering increased catastrophe losses compared to the prior year.

The year saw a 6.6% premium growth, with a property and casualty increase of 5.5% and a 15% rise in life insurance premiums. Core operating return on equity was noted at 13.7%, with a return on tangible equity at 20.5%. Greenberg projected a positive 2026 outlook, anticipating strong growth in operating earnings and EPS amid escalating market competition.

Operational statistics from Q4 showed an 8.3% increase in net premiums written, amounting to $13.134 billion. Underwriting income for P&C soared 39.6% with an enhanced combined ratio of 81.2%. The life insurance segment also posted significant growth, with a 19.3% rise in segment income.

Comprehensive Industry Leadership

For the full year, net premiums written totaled $54.842 billion, maintaining a consistent growth path. P&C underwriting income was marked at $6.528 billion with a combined ratio of 85.7%. The firm's investment strategies achieved a 7.3% increase in adjusted investment income, reaching $1.8 billion.

Chubb Limited leverages its diverse operational presence across 54 countries, optimizing its broad product offerings and robust distribution network. Detailed financial data, including key segment performance, is available in the Chubb Limited Financial Supplement on its investor relations website.

Industry analysts and stakeholders can access further insights through Chubb Limited's fourth-quarter earnings coverage via a conference call on February 4, 2026, available via webcast or telephone. The firm continues to refine its financial reporting to emphasize non-GAAP measures, ensuring stakeholders understand underlying operational performance and sustainability amid market fluctuations.

Chubb Limited remains a pivotal player in the global insurance market, equipped with strategic insights to navigate and capitalize on emerging opportunities across various insurance segments.