Chubb Reports Impressive Financial Growth in Third Quarter 2025 with Record Earnings and Combined Ratio

Chubb Limited Financial Highlights for Q3 2025

Chubb Limited (NYSE: CB) recently released its financial results for the third quarter of 2025, marking a significant upturn in performance across several key metrics. The company's net income surged to $2.80 billion, equating to $6.99 per share—up 22.6% compared to the same period last year. Moreover, Chubb achieved a record core operating income of $3.00 billion, or $7.49 per share, representing a remarkable increase of 30.9% from Q3 2024.

In aggregate, the consolidated net premiums written by Chubb reached an astonishing $14.9 billion, which is up 7.5% year-over-year. This growth was driven primarily by both personal and commercial insurance segments, particularly in North America. Notably, the P&C (Property and Casualty) underwritten combined ratio improved to a record 81.8%, illustrating the company's adeptness at managing underwriting risk and delivering shareholder value.

Evan G. Greenberg, Chubb's Chairman and CEO, praised the quarter's success, highlighting the diverse growth across geographic and product lines. "We had a simply outstanding quarter. The results again put a point on the broad-based, diversified nature of our company geographically, by customer segment, and within commercial and consumer lines," Greenberg stated.

Growth Across Segments

The third quarter revealed strong results in several key segments of Chubb’s operations. The North America personal insurance segment saw an 8.1% rise in net premiums written, amounting to $1.81 billion. The commercial insurance segment also made gains, increasing net premiums written by 3.5%, while overall, the North American market experienced a 4.4% uptick.

On an international scale, Chubb's Overseas General segment recorded a robust 9.7% increase in net premiums, with personal lines particularly strong, highlighting a 15.5% growth rate. In terms of regional performance, Asia, Latin America, and Europe all contributed positively with respective growth rates of 14.3%, 10.6%, and 4.8%.

Underwriting Success and Investment Performance

Chubb's underwriting excellence is particularly evident in its P&C underwriting income, which reached a record $2.26 billion, a significant increase of 55.0% from the previous year. The underwriting income reflects the company's outstanding premium growth and substantive underwriting margin improvement.

The total pre-tax catastrophe losses recorded in Q3 amounted to $285 million, significantly lower than the $765 million from last year. Furthermore, life insurance segments also prospered, reporting net premiums written of $1.93 billion, a remarkable increase of 24.6%.

Chubb's pre-tax net investment income also performed admirably, totaling $1.65 billion—an increase of 9.3%—marking another record for the company.

Future Outlook

Chubb has reiterated its confidence in maintaining strong growth momentum moving forward, bolstered by its diversified operations across regions and segments. Greenberg emphasized that the company’s fundamentals are sound, with a resilient balance sheet and a proactive approach to future growth. Chubb plans to continue its share buyback strategy, reflecting its belief in long-term value creation despite the low trading value of its stock compared to its intrinsic value.

In conclusion, Chubb Limited’s outstanding Q3 2025 performance underlines its financial strength and operational effectiveness, setting a promising trajectory for the future in the competitive insurance landscape. Stakeholders eagerly anticipate further updates as Chubb continues to leverage its robust business model for sustained earnings growth and shareholder value enhancement.