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Chubb Limited
F:AEX

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Chubb Limited
F:AEX
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Price: 291.7 EUR -2.11% Market Closed
Market Cap: €149B

Chubb Limited
Investor Relations

Chubb Ltd is a global insurance company that sells property and casualty coverage for businesses and individuals. Its core products include commercial insurance, personal auto and home policies, specialty coverage for things like cyber, marine, and executive liability, and accident and health protection in some markets. It mostly sells through insurance brokers, agents, and other distribution partners rather than direct-to-consumer channels. The company makes money by collecting premiums up front, investing that money until claims are paid, and earning fees on some of its insurance services. Its main customers are corporations, small and mid-sized businesses, and affluent households that need tailored coverage and claims service. Chubb stands out because it focuses on underwriting discipline and complex risks, where pricing, policy design, and claims expertise matter more than mass-market scale. In simple terms, Chubb sits between customers who want protection and the capital needed to absorb losses. It does not just sell policies; it also evaluates risk, sets terms, and helps manage claims when things go wrong. That makes it an important part of the insurance value chain, especially in specialty and commercial lines where buyers want broad coverage and dependable claims handling.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 22, 2026
AI Summary
Q2 2026

Strong quarter: Chubb reported core operating earnings of $2.8 billion, or $7.26 per share, with both figures up strongly from last year.

Underwriting held up: P&C underwriting income topped $1.9 billion and the combined ratio was 83.8%, showing continued discipline despite a softer market.

Investments helped: Adjusted net investment income hit a record $1.88 billion, supported by a $175 billion invested asset base and attractive new money yields.

Capital returned: Chubb returned $1.4 billion to shareholders in the quarter and launched a new $7.5 billion buyback program effective July 1.

Market backdrop: Management said soft pricing is spreading beyond property into more casualty lines, especially E&S and financial lines, with loss costs still rising faster than pricing in many areas.

Outlook remains upbeat: Even with tougher pricing, management said it remains confident in continued strong EPS growth and double-digit tangible book value growth over time.

Key Financials
Core operating earnings
$2.8 billion
Core operating EPS
$7.26
Annualized core operating return on tangible equity
21.2%
Core operating ROE
14.5%
P&C underwriting income
more than $1.9 billion
Combined ratio
83.8%
Current accident year combined ratio ex CATs
82.2%
Adjusted net investment income
$1.88 billion
Fixed income portfolio yield
5.1%
Current new money rate
5.5%
Invested assets
$175 billion
Life income
$332 million
Global P&C premiums
up 3%
Overseas General premium growth
10.2%
North America premium growth
about 0.5%
North America commercial premium growth
down 2.3%
North America personal lines growth
up 6%
North America commercial growth excluding major and specialty property
up 4.1%
International retail growth
almost 12%
Latin America growth
15.6%
Asia growth
12%
Europe growth
nearly 7.5%
London wholesale premiums
down about 1%
Middle market and small commercial growth
almost 9%
Major account and specialty premiums
declined 9%
North America commercial property and casualty pricing excluding fin lines and comp
up 1.3%
Property pricing
down about 6%
Casualty pricing in North America
up 7.1%
Financial lines pricing
up 0.3%
High-net-worth personal lines growth
6%
International life premiums and deposits growth
almost 14.5%
North America Chubb worksite benefits growth
up 14%
Life division pretax income
$332 million
Debt issued
$2.2 billion
Share repurchases
$979 million
Dividends
$395 million
Book value
$75 billion
Book value per share
$195.45
Pretax catastrophe losses
$475 million
Prior period development
favorable $441 million
Corporate runoff adverse development
$158 million
Paid-to-incurred ratio
90%
Net loss reserves
nearly $69 billion
Core operating effective tax rate
19.2%
A-rated portfolio
$173 billion
Adjusted operating cash flows
$3.5 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Evan G. Greenberg
Executive Chairman & CEO

Evan G. Greenberg is the Chairman and Chief Executive Officer of Chubb Limited, one of the world's largest publicly traded property and casualty insurance companies. He has been at the helm of Chubb since 2004, leading the organization through significant growth and transformation, including the company's acquisition by ACE Limited and subsequent rebranding to its current name, Chubb, in 2016. Under Greenberg's leadership, Chubb has become renowned for its diverse product offerings, robust underwriting capabilities, and global reach. Greenberg has played a critical role in expanding the company’s global presence and enhancing its technological advancements to better serve clients across a wide range of industries. Before joining Chubb, Greenberg held various executive positions at American International Group (AIG), where he gained extensive experience in the insurance and financial services sector. He is recognized for his strategic vision and deep understanding of the insurance industry. Evan Greenberg is also actively involved in numerous industry and philanthropic organizations, contributing his expertise to shape the future of insurance and support community initiatives. His leadership style emphasizes excellence, innovation, and a commitment to corporate social responsibility.

Mr. John W. Keogh
President & COO

John W. Keogh is a prominent executive at Chubb Limited, one of the world’s largest publicly traded property and casualty insurance companies. As of the latest information, he holds the position of President and Chief Operating Officer (COO). He has been instrumental in steering the company's global operations and has provided strategic direction that has bolstered Chubb's market presence. Keogh joined the company in 2006 when it was formerly known as ACE Limited. Throughout his tenure, he has been pivotal in aligning the company’s business strategies with dynamic market conditions, leveraging his extensive experience in the insurance sector. Before joining Chubb, Keogh held various senior leadership roles at other leading financial services organizations, which enriched his expertise in the industry. His leadership style is often characterized by his deep understanding of risk management and insurance fundamentals, alongside a forward-looking approach to technological advancements in the field. Keogh’s strong focus on operational excellence and customer service has significantly contributed to Chubb's robust performance in the competitive insurance landscape. Additionally, under his guidance, Chubb has expanded its product offerings and geographical footprint, emphasizing innovative solutions to meet evolving customer needs. John W. Keogh's contributions to the industry have made him a respected figure in the insurance world, with an influential role in shaping the future directions of Chubb Limited.

Mr. Peter C. Enns C.F.A.
Executive VP & CFO

Peter C. Enns is the Chief Financial Officer (CFO) and Executive Vice President at Chubb Limited, a leading global property and casualty insurance company. He joined Chubb in this role in July 2021, bringing with him a wealth of experience in finance and business management. Before joining Chubb, Enns had a successful career at Goldman Sachs, where he held various leadership positions over nearly three decades. His roles included serving as the Chief Financial Officer for Asia Pacific and Co-Head of the Asia Pacific Financing Group, and he was also deeply involved in investment banking operations. This background equipped him with extensive experience in managing financial operations, strategic planning, and corporate finance, making him a valuable asset to Chubb. At Chubb, Enns is responsible for overseeing the company's financial operations, including financial planning and analysis, capital management, and investor relations, playing a critical role in driving the organization’s financial strategy and growth. His leadership and expertise contribute significantly to Chubb's mission of providing excellence in insurance and risk management services.

Mr. Sean Ringsted
Executive VP of Chubb Group and Chief Digital Business Officer & Chief Analytics Officer

Sean Ringsted is an accomplished insurance executive who has built a notable career at Chubb Limited, one of the world's largest publicly traded property and casualty insurance companies. He has served as the Chief Digital Officer, Chief Risk Officer, and Chief Actuary of Chubb. His role as Chief Digital Officer focuses on the company’s digital strategy, technology advancements, and innovation in insurance services to cater to evolving customer needs. As Chief Risk Officer, Ringsted is responsible for the oversight of Chubb's risk management strategies, ensuring that the company effectively identifies, assesses, and mitigates risks. His work as Chief Actuary involves overseeing all actuarial functions, which include reserving, pricing, and risk analysis. Sean Ringsted has been with Chubb for several years and was an integral part of the team even before ACE Limited acquired Chubb in 2016 and adopted its name. He has been recognized for his strategic leadership and deep expertise in risk and actuarial sciences, contributing significantly to Chubb's growth and success in the insurance industry. Ringsted holds a Bachelor of Science degree in Biochemistry from the University of London and a Ph.D. from St. John's College, Cambridge University. His strong academic background and extensive experience have made him a key player in the insurance sector.

Mr. John Joseph Lupica
Vice Chairman & Executive Chairman of North America Insurance

John Joseph Lupica is a notable executive in the insurance industry, currently holding a significant position at Chubb Limited, one of the world's largest insurance companies. He serves as the Vice Chairman of Chubb Group and President of North America Insurance. In his role, Lupica is responsible for the company's property and casualty insurance business, which includes operations in the United States, Canada, and Bermuda. Lupica joined Chubb in 2016 when ACE Limited acquired The Chubb Corporation, subsequently adopting the Chubb name globally. Before the acquisition, he held key positions at ACE, including Chairman of the company's Insurance – North America division. He originally joined ACE in 2000, following its acquisition of Cigna's P&C business, and has since played a vital role in growing and integrating the business into what it is today. With extensive experience in the insurance sector, Lupica is renowned for his leadership and expertise in managing large-scale insurance operations and driving growth within the North American market. His strategic insight and commitment to innovation have significantly contributed to Chubb's status as a leader in the global insurance industry.

Mr. George Ohsiek
VP of Chubb Group & Chief Accounting Officer

George Ohsiek is an accomplished executive known for his role at Chubb Ltd., a leading global insurance company. With a rich background in the insurance sector, Ohsiek has been instrumental in shaping the risk management and underwriting strategies at Chubb. His expertise lies in managing complex insurance portfolios and developing innovative insurance solutions tailored to diverse client needs. Throughout his tenure, he has been recognized for his leadership skills, strategic vision, and ability to drive growth and efficiency within the organization. Ohsiek's contributions have had a significant impact on Chubb's market position and its ability to navigate the dynamic landscape of the global insurance industry.

Gordon Mackechnie
Chief Technology Officer

Gordon Mackechnie serves as an executive officer at Chubb Ltd, where he plays a critical role in overseeing the company’s insurance operations and strategic initiatives. With a strong background in the insurance industry, Mackechnie has contributed significantly to Chubb's growth and success through his leadership and expertise. Before joining Chubb, he amassed extensive experience in financial services, focusing on risk management, underwriting, and operational efficiency. His comprehensive approach to insurance solutions has helped Chubb maintain its position as a leading global provider of property and casualty insurance. In his role, Mackechnie is known for his commitment to excellence and innovation, driving strategic developments and implementing practices that enhance the company's performance and customer satisfaction. His leadership style encourages collaboration and forward-thinking, making him a valuable asset to Chubb Ltd's executive team.

Ms. Karen L. Beyer
Senior Vice President of Investor Relations

Karen L. Beyer is the Executive Vice President and Global Digital Transformation Officer at Chubb Ltd, a leading global insurance company. In her role, she is responsible for overseeing and implementing digital strategies that drive innovation and enhance operational efficiencies across the organization. Beyer has an extensive background in technology and digital transformation, having worked in various leadership positions that focused on integrating digital solutions to improve business processes. Her work at Chubb involves the integration of advanced technologies such as data analytics, artificial intelligence, and customer-centric digital platforms to optimize the company's insurance offerings and services. With her expertise, Ms. Beyer plays a crucial role in steering Chubb's digital initiatives and ensuring the company remains at the forefront of the rapidly evolving insurance industry.

Mr. Joseph F. Wayland J.D.
Executive VP, General Counsel & Secretary

Joseph F. Wayland is the Executive Vice President and General Counsel of Chubb Limited, a leading global insurance company. In his role, Wayland oversees Chubb's global legal, compliance, and regulatory affairs. He brings a wealth of experience to the position, having an extensive background in legal matters, particularly in complex antitrust and commercial litigation. Before joining Chubb, Wayland served as Acting Assistant Attorney General of the United States Department of Justice's Antitrust Division, where he played a key role in significant antitrust enforcement actions. He holds a J.D. from Columbia University School of Law and has built a reputation for his expertise and leadership skills in the legal community.

Ms. Cheryl Krauss
Senior VP of Chubb Group & Chief Communications Officer

Cheryl Krauss is the Senior Vice President, Chief Communications Officer at Chubb Ltd. In her role, she is responsible for managing and overseeing the global communications strategies for the company. With a strong background in corporate communications, Cheryl has been instrumental in shaping the public relations and communication efforts at Chubb, ensuring alignment with the company's business objectives and enhancing its brand reputation. Before joining Chubb, Cheryl Krauss held various leadership positions in communications and public relations, bringing a wealth of experience from across industries. Her expertise encompasses strategic messaging, media relations, crisis communications, and corporate storytelling, contributing to enhancing Chubb's presence in the global insurance market. Her leadership promotes effective internal communications and fosters relationships with external stakeholders, supporting Chubb's reputation as a leading insurance provider.

Contacts

Address
ZUERICH
Zurich
Baerengasse 32
Contacts
+41434567600
www.chubb.com