Chubb Achieves Record Q4 and Annual P/C Underwriting Income with Impressive Combined Ratio
Insurer Chubb has reported a remarkable fourth quarter, with net income soaring 24.7% compared to the previous year, reaching approximately $3.2 billion. This impressive growth reflects the company’s robust performance in the property and casualty (P/C) sector.
Chubb’s results included a record P/C underwriting income of $2.2 billion, marking a nearly 40% increase over the same period in 2024. The P/C combined ratio also set a new benchmark, coming in at an impressive 81.2.
During the fourth quarter, Chubb benefited from lower catastrophe losses, reporting $365 million in pretax losses compared to $607 million in the previous year. Additionally, the company experienced favorable prior year reserve development, amounting to $268 million in Q4, up from $213 million in Q4 2024.
Consolidated net premiums written saw a significant increase of 8.9%, totaling approximately $13.1 billion. The P/C net premiums rose by 7.7%, while life insurance premiums increased by about 17%.
Total net premiums written in North America climbed 4.4% to around $8.9 billion. Notably, personal lines in North America experienced an NPW increase of about 8.1%, with a combined ratio of 65.1, a marked improvement from 81.3 in Q3 2024.
For the full year 2025, Chubb faced an increase in pretax catastrophe losses compared to 2024, reporting $2.92 billion versus $2.39 billion. Despite this challenge, P/C underwriting income finished the year at a record $6.5 billion, reflecting an 11.6% increase, with a combined ratio of 85.7, also a record.
Total pre-tax favorable reserve development for 2025 reached $1.1 billion, a significant rise from $856 million in 2024.
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Insurer Chubb has reported a remarkable fourth quarter, with net income soaring 24.7% compared to the previous year, reaching approximately $3.2 billion. This impressive growth reflects the company’s robust performance in the property and casualty (P/C) sector.
Chubb’s results included a record P/C underwriting income of $2.2 billion, marking a nearly 40% increase over the same period in 2024. The P/C combined ratio also set a new benchmark, coming in at an impressive 81.2.
During the fourth quarter, Chubb benefited from lower catastrophe losses, reporting $365 million in pretax losses compared to $607 million in the previous year. Additionally, the company experienced favorable prior year reserve development, amounting to $268 million in Q4, up from $213 million in Q4 2024.
Consolidated net premiums written saw a significant increase of 8.9%, totaling approximately $13.1 billion. The P/C net premiums rose by 7.7%, while life insurance premiums increased by about 17%.
Total net premiums written in North America climbed 4.4% to around $8.9 billion. Notably, personal lines in North America experienced an NPW increase of about 8.1%, with a combined ratio of 65.1, a marked improvement from 81.3 in Q3 2024.
For the full year 2025, Chubb faced an increase in pretax catastrophe losses compared to 2024, reporting $2.92 billion versus $2.39 billion. Despite this challenge, P/C underwriting income finished the year at a record $6.5 billion, reflecting an 11.6% increase, with a combined ratio of 85.7, also a record.
Total pre-tax favorable reserve development for 2025 reached $1.1 billion, a significant rise from $856 million in 2024.
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