Q4 25 EPS
$7.52
BEAT +10.91%
Est. $6.78
Q4 25 Revenue
$13.53B
BEAT +373.44%
Est. $2.86B
vs S&P Since Q4 25
+0.6%
BEATING MARKET
CB +5.6% vs S&P +5.0%
Full Year 2025 Results
FY 25 EPS
$24.79
BEAT +3.12%
Est. $24.04
FY 25 Revenue
$53.01B
BEAT +11.90%
Est. $47.37B
Market Reaction
Did CB Beat Earnings? Q4 2025 Results
Chubb delivered a standout fourth quarter to close out a record 2025, with core operating earnings of $7.52 per share beating the $6.78 consensus by 10.91% as the global insurer posted another milestone period across nearly every financial metric. Re… Read more Chubb delivered a standout fourth quarter to close out a record 2025, with core operating earnings of $7.52 per share beating the $6.78 consensus by 10.91% as the global insurer posted another milestone period across nearly every financial metric. Revenue came in at $13.53 billion, clearing estimates by a wide margin, though it reflected a 4.6% decline year-over-year. The single most consequential driver of the quarter's strength was underwriting discipline, with Chubb's P&C combined ratio hitting a record low of 81.2%, a sharp improvement from 85.7% a year ago, as catastrophe losses fell to $365 million from $607 million and favorable reserve development widened to $268 million. Consolidated net premiums written rose 8.9% to $13.13 billion, with life insurance premiums accelerating 16.9%. The company returned $4.91 billion to shareholders through buybacks and dividends, and CEO Evan Greenberg signaled that January 2026 renewal conditions were more favorable than anticipated, projecting double-digit EPS and tangible book value growth in the year ahead.
Key Takeaways
- • Record P&C combined ratio of 81.2% in Q4, reflecting low catastrophe losses and strong current accident year performance
- • Double-digit growth in underwriting and life insurance income
- • Record pre-tax adjusted net investment income of $1.81 billion, up 7.3%
- • Broad-based premium growth across all major segments and geographies
- • Favorable prior period reserve development of $268 million in Q4
- • Personal automobile net premiums written grew 28.8% in Q4
- • Overseas General consumer P&C growth of 18.7% driven by Latin America, Asia, and Europe
- • Core operating ROE of 15.9% in Q4 and core operating ROTE of 23.5% in Q4
- • Full-year favorable prior period development of $1.133 billion
CB YoY Financials
Q4 2025 vs Q4 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 quarter and a great year, with very strong contributions from all areas of the company. Our consistent and enduring performance speaks to the broadly diversified global nature of our company.”
— Evan G. Greenberg, Q4 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% |