Q3 25 EPS
$7.49
BEAT +21.78%
Est. $6.15
Q3 25 Revenue
$14.36B
BEAT +10.93%
Est. $12.94B
vs S&P Since Q3 25
+12.8%
BEATING MARKET
CB +20.8% vs S&P +7.9%
Market Reaction
Did CB Beat Earnings? Q3 2025 Results
Chubb delivered a blowout third quarter for the three months ending September 2025, posting core operating earnings per share of $7.49, a 21.78% beat against the $6.15 consensus estimate, while revenue of $14.36 billion cleared expectations by 10.93%… Read more Chubb delivered a blowout third quarter for the three months ending September 2025, posting core operating earnings per share of $7.49, a 21.78% beat against the $6.15 consensus estimate, while revenue of $14.36 billion cleared expectations by 10.93% despite slipping 4.9% year-over-year. The driving force behind the outperformance was a record P&C combined ratio of 81.8%, roughly six points better than the prior year, reflecting both lighter catastrophe losses of $285 million pre-tax and robust underlying underwriting discipline that lifted current accident year income excluding catastrophes by 10.3% to a record $2.18 billion. Record adjusted net investment income of $1.78 billion and a 24.6% surge in life insurance premiums added further breadth to the quarter's strength. Looking ahead, CEO Evan Greenberg signaled confidence in sustaining double-digit EPS and book value growth, with accelerated share buybacks expected given what management views as a stock trading below intrinsic value. The results arrive alongside a planned leadership transition, with President and COO John Keogh set to assume additional responsibility for North America Insurance following a senior retirement at year-end.
Key Takeaways
- • Record P&C combined ratio of 81.8%, improving nearly six percentage points year-over-year
- • Significantly lower catastrophe losses of $285 million pre-tax vs. $765 million in prior year
- • Favorable prior period reserve development of $361 million pre-tax vs. $244 million prior year
- • Record adjusted net investment income of $1.776 billion, up 8.3%
- • Broad-based premium growth across all segments and geographies
- • Current accident year loss ratio improvement driving underwriting margin expansion
- • Strong life insurance premium growth of 24.6% driven by international life
CB YoY Financials
Q3 2025 vs Q3 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 simply outstanding quarter. The results again put a point on the broad-based, diversified nature of our company geographically, by customer segment both and within commercial and consumer, by product and distribution channel. Core operating income of $3 billion was a record, up 29%, driven by record underwriting and investment income and double-digit growth in life income.”
— Evan G. Greenberg, Q3 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% |