Q1 26 EPS
$6.82
Q1 26 Revenue
$13.46B
BEAT +16.43%
Est. $11.56B
vs S&P Since Q1 26
-2.7%
TRAILING MARKET
CB -1.3% vs S&P +1.3%
Market Reaction
Did CB Beat Earnings? Q1 2026 Results
Chubb Ltd posted a standout first quarter for 2026, beating Wall Street expectations on both the top and bottom lines as dramatically lower catastrophe losses unlocked a surge in underwriting profitability. The insurer earned $6.82 per diluted share,… Read more Chubb Ltd posted a standout first quarter for 2026, beating Wall Street expectations on both the top and bottom lines as dramatically lower catastrophe losses unlocked a surge in underwriting profitability. The insurer earned $6.82 per diluted share, ahead of the $6.60 consensus estimate by 3.31%, marking the fourth consecutive quarter in which Chubb has beaten EPS expectations, while revenue of $13.46 billion topped the $11.56 billion estimate by 16.43%, though it was essentially flat year over year, edging down just 0.2%. The clearest driver of the quarter's strength was a sharp decline in catastrophe losses to $500 million, compared with $1.64 billion a year ago when California wildfires inflicted heavy damage, allowing P&C underwriting income to more than quadruple and the combined ratio to improve to 84.0% from 95.7%. Consolidated net premiums written climbed 10.7% to $14.01 billion, with life insurance premiums surging 33.1%. Record adjusted net investment income of $1.84 billion further bolstered results. Looking ahead, CEO Evan Greenberg expressed confidence in continued double-digit EPS and tangible book value growth, even as the company actively trims large account property exposures amid softening market conditions.
Key Takeaways
- • Significantly lower catastrophe losses ($500M vs $1.64B prior year, which included $1.47B California wildfires)
- • Record adjusted net investment income of $1.84B, up 10.1%
- • Strong global consumer insurance premium growth of 21% across P&C and Life
- • Overseas General premium growth of 14.4% driven by Latin America, Europe, and Asia
- • Life Insurance premiums up 33.1% with International Life up 36.8%
- • Favorable prior period development of $286M
- • North America Personal P&C current accident year combined ratio improvement of 3.7 percentage points
- • Core operating ROE of 14.0% and ROTE of 20.6%, up from 8.6% and 13.0% respectively in Q1 2025
- • P&C combined ratio improved 11.7 percentage points to 84.0% from 95.7%
CB Forward Guidance & Outlook
CEO Evan Greenberg expressed confidence in Chubb's ability to continue generating strong growth in operating earnings and double-digit growth in EPS and tangible book value, despite elevated geopolitical uncertainty from Middle East conflict that raises the specter of higher inflation and slower economic growth. The company is actively reducing property exposures in large accounts and E&S divisions due to rapidly softening market conditions and inadequate price levels, while purchasing additional reinsurance. Growth opportunities remain in consumer insurance, life insurance, and overseas markets.
CB YoY Financials
Q1 2026 vs Q1 2025, 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 an excellent quarter and start to the year, which speaks to the strength and resilience of our company in a period of elevated uncertainty. Our globally diversified business, underwriting discipline and strong balance sheet contribute to our returns while creating continued opportunities for growth.”
— Evan G. Greenberg, Q1 2026 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% |