Chubb Ltd Q3 2025 – Record High Core Operating Income and P&C Underwriting Income

By Ahmed Jameison • Wednesday, October 22 06:08 • Permanent Link

Chubb Limited has reported a strong performance in the third quarter of 2025, with net income per share increasing by 22.6% to $6.99 and core operating income per share reaching a record high of $7.49, up 30.9% from the same period last year. The company's consolidated net premiums written increased by 7.5% to $14.9 billion, with property and casualty (P&C) net premiums written rising by 5.3% to $12.93 billion.

P&C underwriting income was a record $2.26 billion, up 55.0%, with a record combined ratio of 81.8%. Notably, P&C current accident year underwriting income excluding catastrophe losses also reached a record high of $2.18 billion, up 10.3% over the previous year. Total pre-tax catastrophe losses in the quarter decreased to $285 million compared to $765 million in the same period last year.

Life insurance net premiums written saw a substantial increase of 24.6% to $1.93 billion, with segment income growing by 14.2% to $324 million. The company's pre-tax net investment income also saw a notable uptick, reaching $1.65 billion, up 9.3%.

For the nine months ended September 30, 2025, Chubb reported a net income of $7.10 billion, or $17.61 per share, and core operating income of $6.97 billion, or $17.29 per share. Book value per share and tangible book value per share increased by 14.1% and 19.7%, respectively, from December 31, 2024.

Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, highlighted the outstanding quarter, emphasizing the company's broad-based, diversified nature. He noted the record core operating income, driven by underwriting and investment income growth and double-digit growth in life income. Greenberg also expressed confidence in maintaining superior earnings growth, including double-digit growth in EPS, book, and tangible book value.

Chubb's operating highlights for the quarter showed strong performance across its business segments, with increases in net premiums written and segment income in North America P&C insurance, Overseas General insurance, and Life insurance.

Today the company's shares have moved -0.0% to a price of $268.20. For the full picture, make sure to review Chubb Ltd's 8-K report.

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