Q2 25 EPS
$6.14
BEAT +2.91%
Est. $5.97
Q2 25 Revenue
$13.13B
BEAT +4.73%
Est. $12.53B
vs S&P Since Q2 25
+4.1%
BEATING MARKET
CB +17.7% vs S&P +13.6%
Market Reaction
Did CB Beat Earnings? Q2 2025 Results
Chubb delivered a standout second quarter for 2025, posting core operating earnings per share of $6.14 against a consensus estimate of $5.97, a 2.91% beat, while revenue of $13.13 billion cleared the $12.53 billion estimate by 4.73%, even as reported… Read more Chubb delivered a standout second quarter for 2025, posting core operating earnings per share of $6.14 against a consensus estimate of $5.97, a 2.91% beat, while revenue of $13.13 billion cleared the $12.53 billion estimate by 4.73%, even as reported revenue slipped 5.8% year over year. The single most compelling driver was the company's underwriting discipline, with P&C underwriting income climbing 15% to a record $1.63 billion and the combined ratio tightening to 85.6% from 86.8% a year ago. Net income surged 33.1% to $2.97 billion, aided by $1.54 billion in after-tax investment gains, while pre-tax net investment income reached a record $1.57 billion, up 6.8%. Consolidated net premiums written grew 6.3% to $14.20 billion, with particular strength in Latin America, Asia, and middle market commercial lines. CEO Evan Greenberg struck a confident tone on the outlook, noting that roughly 80% of Chubb's global businesses carry strong growth prospects, though he cautioned that large account retail and E&S property markets are facing rate pressure.
Key Takeaways
- • Record P&C underwriting income of $1.63 billion, up 15.0%, with combined ratio of 85.6%
- • Record pre-tax net investment income of $1.57 billion, up 6.8%
- • Strong premium growth in middle market and small commercial (up 8.5%) and North America personal insurance (up 9.1%)
- • Overseas General Insurance growth of 10.2% in constant dollars driven by consumer insurance (up 15.3%)
- • Life Insurance segment income up 15.3% in constant dollars
- • Current accident year loss ratio improvement of 1.5 percentage points
- • North America Personal P&C current accident year combined ratio ex-cats improved 6.4 points
- • Private equity mark-to-market gains of $435 million after-tax in Q2 2025
CB YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
CB Revenue by Segment
With YoY comparisons, source: SEC Filings
CB Revenue by Geography
With YoY comparisons, source: SEC Filings
“We had a great second quarter. Most all of our businesses and regions of the world contributed to record quarterly results, illustrating the distinctive, diversified nature of our company. Our balance of business, geographically by customer segment and product, is a distinguishing feature of our company.”
— Evan G. Greenberg, Q2 2025 Earnings Press Release
CB Earnings Trends
CB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CB EPS Trend
Earnings per share: estimate vs actual
CB Revenue Trend
Quarterly revenue: estimate vs actual
CB Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $6.82 | — | $13.46B | +16.43% |
| Q4 25 BEAT FY | $6.78 | $7.52 | +10.91% | $13.53B | +373.44% |
| FY Full Year | $24.04 | $24.79 | +3.12% | $53.01B | +11.90% |
| Q3 25 BEAT | $6.15 | $7.49 | +21.78% | $14.36B | +10.93% |
| Q2 25 BEAT | $5.97 | $6.14 | +2.91% | $13.13B | +4.73% |
| Q1 25 BEAT | $3.23 | $3.29 | +1.91% | $12.00B | +6.97% |