Chubb Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw robust growth in premiums, earnings, and book value, with strong underwriting and investment results. Management remains confident in continued double-digit EPS and tangible book value growth, despite macro and market uncertainties.
Fiscal Year 2025
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Record earnings and premium growth were achieved in 2025, driven by strong underwriting, investment income, and diversified global operations. Digital transformation and disciplined capital allocation support a positive outlook for 2026, despite CAT and FX risks.
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Record quarterly results with core operating income up 29% and EPS up 31% year-over-year, driven by strong underwriting, investment income, and broad-based premium growth. Tangible book value per share rose 17%, and capital returns to shareholders increased, with continued focus on disciplined growth and digital transformation.
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Record quarterly results with core operating EPS up 14% and broad-based premium growth across all regions. Underwriting and investment income reached new highs, while capital returns and a new $5B buyback were announced. Management expects continued strong growth and stable margins.
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Core operating income fell 31% year-over-year due to significant catastrophe losses, but premiums and investment income grew strongly. The company expanded in Southeast Asia and remains confident in double-digit EPS growth, despite market and macroeconomic uncertainties.
Fiscal Year 2024
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Record quarterly and annual results driven by strong P&C underwriting, investment, and life income, with double-digit growth in operating earnings and robust returns on equity. Catastrophe losses and regulatory challenges in California remain key risks.
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Strong double-digit growth in P&C underwriting and investment income drove record earnings, with core operating EPS up over 15.5% and robust premium growth across segments. The company maintained a strong capital position, navigated elevated catastrophe losses, and remains confident in continued superior earnings growth.
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Core operating EPS rose 9.3% to $5.38, with strong premium growth and record investment income. Combined ratio was 86.8, and capital returns to shareholders reached $939M in Q2. Management remains confident in continued earnings growth and disciplined underwriting.