Chubb Limited Q1 2026 Financial Performance Report

Chubb Limited has reported robust financial performance for Q1 2026, posting a net income of $2.32 billion, equivalent to $5.88 per share. The core operating income reached $2.69 billion or $6.82 per share. Both book value and tangible book value per share experienced substantial increases, rising by 15.8% and 21.5%, respectively, compared to the same period in 2025, with current values at $189.93 and $126.65.

Despite these gains, the company's book value faced challenges due to after-tax net realized and unrealized investment losses totaling $1.94 billion. These losses were primarily driven by market valuation impacts on the fixed-income portfolio, counterbalanced somewhat by $346 million in foreign currency gains. Excluding accumulated other comprehensive income, book value per share and tangible book value per share increased by 12.1% and 16.5%, respectively, from March 2025.

Evan G. Greenberg, Chairman and CEO of Chubb Limited, attributed this strong start to the year to the company's diversified global operations, rigorous underwriting discipline, and solid balance sheet. Property and casualty (P&C) underwriting income reached $1.8 billion, boasting a combined ratio of 84%. Excluding catastrophes, the current accident year basis displayed a 9.8% enhancement in underwriting income, with a combined ratio of 82.1%. Investment income also saw a notable rise, with adjusted net investment income climbing over 10% to $1.8 billion.

Chubb's net premiums increased by 10.7% to $14 billion, spurred by significant growth in global consumer business in both P&C and Life insurance, alongside a substantial 33.1% surge in the Life segment premiums. The Overseas General Insurance division reported a net premiums written growth of 14.4%, or 6.1% on a constant-dollar basis.

Strategically, Chubb reduced its exposure to certain segments due to softening market conditions in property and financial lines. This decision involved non-renewals in shared and layered property business and procuring additional reinsurance coverage. These moves underscore Chubb's proactive risk management approach in adapting to market dynamics.

Operationally, Chubb is equipped to manage potential global economic challenges, including geopolitical risks. The company's diversified portfolio and disciplined operations provide resilience and future growth opportunities. Greenberg remains optimistic about sustaining robust earnings growth and enhancing shareholder value.

For comprehensive financial data by business segment and more insights, stakeholders can access Chubb's financial supplement online. The company will also host a conference call on April 22, 2026, to discuss these results in depth.