Chubb Limited (CB) Q2 2023 Financial Results Summary

# Chubb Limited (CB) Q2 2025 Financial Results Summary

Chubb Limited (NYSE: CB) released its financial results for the second quarter of 2025 on July 22, 2025. The company reported strong performance metrics, marking a robust quarter for its operations.

## Key Financial Metrics

– **Net Income**: $2.97 billion, a **33.1% increase** compared to $2.23 billion in Q2 2024.
– **Per Share Net Income**: $7.35, reflecting a **34.6% increase** from $5.46 per share a year ago.
– **Core Operating Income**: $2.48 billion, up **12.9%** from $2.20 billion in Q2 2024.
– **Per Share Core Operating Income**: $6.14, a **14.1% increase** compared to $5.38 per share last year.

### Premiums and Underwriting

– **Consolidated Net Premiums Written**: $14.20 billion, an increase of **6.3%**, or **7.1%** in constant dollars.
– **Property and Casualty (P&C) Net Premiums Written**: $12.39 billion, up **5.2%** year-over-year, or **5.8%** in constant dollars.
– **P&C Underwriting Income**: $1.63 billion, **up 15.0%** from $1.42 billion last year.
– **P&C Combined Ratio**: 85.6%, an improvement from 86.8% in Q2 2024.
– **Current Accident Year Underwriting Income (excluding catastrophe losses)**: $2.01 billion, up **11.4%**, leading to a combined ratio of **82.3%**, down from 83.2% last year.

### Global Performance

– **Global P&C Net Premiums Written** (excluding Agriculture): Increased by **5.8%**, or **6.4%** in constant dollars.
– **North America Net Premiums Written**: Up **5.3%**, with personal insurance growing by **9.1%** and commercial insurance by **4.1%**.
– **Overseas General**: Grew by **8.5%**, or **10.2%** in constant dollars, with consumer insurance seeing an increase of **15.3%** and commercial insurance by **6.8%**.

### Life Insurance Segment

– **Life Insurance Net Premiums Written**: $1.80 billion, up **14.1%**, or **17.3%** in constant dollars.
– **Life Segment Income**: $305 million, reflecting a **10.4%** increase year-over-year.

### Investment Income

– **Pre-tax Net Investment Income**: $1.57 billion, representing a **6.8% increase** from the prior year.
– **Adjusted Net Investment Income**: $1.69 billion, which was up **7.9%**.

### Returns and Shareholder Activity

– **Annualized Return on Equity (ROE)**: 17.6%, up from 14.7% in Q2 2024.
– **Annualized Core Operating Return on Tangible Equity (ROTE)**: 21.0%.
– **Total Capital Returned to Shareholders**: $1.06 billion, which includes:
– **Dividends**: $388 million.
– **Share Repurchases**: $676 million at an average price of $289.12 per share.

### Balance Sheet Indicators

– **Book Value Per Share**: Increased by **6.1%** from March 31, 2025, to $174.07.
– **Tangible Book Value Per Share**: Increased **8.0%** from the previous quarter, now at $112.64.
– **Operating Cash Flow**: $3.55 billion, with adjusted operating cash flow at $3.23 billion.

### Catastrophe and Loss Development

– **Total Catastrophe Losses**: Pre-tax and after-tax losses of $630 million, accounting for **5.5 percentage points** of the combined ratio compared to last year’s $580 million (5.4 points).
– **Total Favorable Prior Period Development**: $249 million, up from $192 million a year ago.

Chubb Limited continues to demonstrate consistent growth across various sectors, alongside strategic allocation of capital back to its shareholders through dividend distribution and stock repurchases, thus reflecting its commitment toward building shareholder value while maintaining robust operational performance.

### Condensed Consolidated Statements of Income (in millions of U.S. dollars, except per share amounts and ratios)

### Summary Consolidated Balance Sheets (in millions of U.S. dollars, except per share data)