Start here if you're new
what it is
Chubb sells property, accident, and life insurance for businesses and families in 54 countries.
how it gets paid
Last year Chubb made $59.4B in revenue. Commercial property and casualty was the main engine at $25.0B, or 42% of sales.
why it's growing
Revenue grew 6.5% last year. Finally, despite a slightly lower rate of return in 2025 versus 2024, revenue from invested income grew 9% to $6.47 billion on an expanding portfolio.
what just happened
Chubb beat with $7.52 EPS versus $6.34 expected.
At a glance
A balance sheet — strong enough to weather a downturn
70/100 earnings predictability — reasonably predictable
13.1x trailing p/e — the market's not buying it — or you found a deal
1.3% dividend yield — cash in your pocket every quarter
11.8% return on capital — nothing to write home about
xvary composite: 84/100 — above average
What they do
Chubb sells property, accident, and life insurance for businesses and families in 54 countries.
Chubb operates in 54 countries and territories. That spreads risk across a much bigger book than one-country rivals. Your claim is one event; their math is thousands of policies. Its 11.8% return on capital means every $100 it puts to work earns $11.80.
How they make money
$59.4B
annual revenue · their business grew +6.5% last year
Commercial property and casualty
$25.0B
Overseas property and casualty
$15.5B
Personal property and casualty
$10.7B
Life, accident and health
$4.2B
Reinsurance and other
$4.0B
The products that matter
business insurance coverage
Commercial P/C Insurance
$35.6B · 60% of revenue
This is the core business: $35.6B in annual revenue, with net premiums written up 8.9% in the latest quarter. If this line slows, the whole story slows with it.
largest segment
home and auto coverage
Personal P/C Insurance
$17.8B · 30% of revenue
It's a $17.8B business growing 4.5%. Slower than commercial, but still big enough to matter when catastrophe exposure shifts between consumer and commercial lines.
30% of revenue
supplemental health coverage
Accident & Health
$5.9B · 10% of revenue
This $5.9B segment grew 3.2% and gives you revenue outside pure property catastrophe risk. It's smaller, but that's the point — diversification rarely looks dramatic until you need it.
diversifier
Key numbers
$59.4B
annual revenue
That is the size of the book. A 1% swing here is $594M.
13.1x
trailing p/e
You are paying 13.1 times earnings for a company with a 54-country footprint.
11.8%
return on capital
That means Chubb earns 11.8 cents for every dollar it puts to work.
1.3%
dividend yield
You get $1.30 a year for every $100 you own.
Financial health
A
strength
- balance sheet grade A — very strong financial position
- risk rank 1 — safer than 95% of stocks
- price stability 100 / 100
- return on equity 13% — $0.13 profit for every $1 investors have put in
A — among the top-rated companies for balance sheet quality.
Total return vs. market
You invested $10,000 in CB 3 years ago → it's now worth $15,740.
The index would have given you $13,880.
source: institutional data · total return
What just happened
beat estimates
Chubb beat with $7.52 EPS versus $6.34 expected.
Lower catastrophe losses helped, and invested income rose 9% to $6.47B.
$44.3B
revenue
$7.52
eps
29.55%
gross margin
the number that mattered
The $7.52 result beat the $6.34 estimate by 18.61%, which says Chubb is still managing losses and pricing well.
-
chubb limited closed out 2025 with solid results.after starting the year off weakly as a result of policy exposure to massive wildfires in los angeles county, this leading property and casualty (p/c) insurer posted successively higher operating earnings over the final three quarters of 2025.
-
certainly, lower catastrophe losses in the back half of the year were a factor. (in 2025, insurers benefited from a surprisingly mild atlantic hurricane season, with no major storms making landfall in the continental u.s. versus five in the prior year.) acquisitions in recent years, which provided significant exposure to the asia-pacific region, are paying off in terms of growth.the diversification gained from adding accident and health lines, as well as boosting life insurance, has also been a plus.
-
finally, despite a slightly lower rate of return in 2025 versus 2024, revenue from invested income grew 9% to $6.47 billion on an expanding portfolio (up 11% in size in 2025 and 9% in 2024).
-
business momentum has picked up recently, and, if trends endure, the company should see roughly 8% to 11% earnings-per-share growth this year and next. (that assumes reasonable catastrophe losses.) the quarterly growth rate for net premiums written (npw), from a year ago and excluding the impact of shifts in currency, was up in the fourth period of 2025 relative to the third period.the npw top-line metric is important because over the span of a number of months, npw is recognized as earned revenue or ‘‘net premiums earned.’’ hence, npw is one key driver of earnings growth, comparable to sales growth for an industrial company.
-
consolidated npw grew 8.3% in constant dollars for the december quarter versus 6.6% in the september quarter.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the #1 risk is catastrophe losses snapping back after a mild hurricane season.
high
major hurricane or wildfire season
Insurance earnings are smooth until nature decides otherwise. Chubb just posted $2.98B of quarterly core operating income because catastrophe losses were lower. That can reverse fast.
A bad season can erase something close to a $3B quarter.
med
insurance pricing softening
Premium growth was 8.9% in the latest quarter, and constant-dollar growth improved to 8.3% from 6.6% in Q3. If the hard market softens, that tailwind weakens.
Slower pricing would pressure margins and the current 8%–11% EPS growth view.
med
shipping and geopolitical exposure
Chubb's role in a $20B Hormuz shipping backstop ties part of the business to a trade corridor nobody wants in the headlines. Escalation could raise claims and reinsurance costs at the same time.
That would hit both underwriting results and the cost of covering future risk.
low
the diversification story underdelivering
Accident and health is only $5.9B, or 10% of revenue. It helps, but it is not large enough to fully offset a bad property year.
Diversification can soften a blow without preventing it.
A mild storm year makes Chubb look cheap. A rough one reminds you why insurers rarely get premium multiples.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
net premiums written growth
Q4 constant-dollar growth improved to 8.3% from 6.6% in Q3. If that holds, the top line still has pricing power.
calendar
Q1 2026 earnings report
You want to see whether premium growth stays near 8%–9% and whether catastrophe commentary stays calm. Late April matters here.
risk
atlantic hurricane season
The season starts June 1. This is the external variable that can change the quarter faster than any pricing deck can.
trend
$5B buyback pace
The May 2025 repurchase authorization matters if valuation stays around 11x earnings. Cheap insurers get cheaper when buybacks slow.
Analyst rankings
earnings predictability
70 / 100
That score says results are usually steady, but catastrophe exposure keeps them from being clockwork. In human-speak: this is predictable until the weather gets a vote.
risk rank
1
A risk rank of 1 puts Chubb among the market's safer stocks. You're not buying excitement here. You're buying survival.
source: institutional data
Institutional activity
institutions have been net buying for 3 consecutive quarters — 870 buyers vs. 845 sellers in 3q2025. total institutional holdings: 0.3B shares. net buying for 3 quarters.
source: institutional data
Price targets
3-5 year target range
$278
$438
$325
current price
$358
target midpoint · +10% from current · 3-5yr high: $535 (+65% · 14% ann'l return)
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive