- Chubb Limited (CB, Financial) reported a net income of $1.33 billion ($3.29 per share) for Q1 2025, down 37.9% year-over-year due to significant catastrophe losses.
- Consolidated net premiums written increased by 5.7% in constant dollars, reaching $12.6 billion, with the P&C segment up 5.0%.
- The company returned $751 million to shareholders through dividends and share repurchases.
Chubb Limited (CB) has announced its financial results for the first quarter of 2025, reporting a net income of $1.33 billion, translating to $3.29 per share. This marks a significant decline of 37.9% from the previous year, primarily due to substantial catastrophe losses amounting to $1.64 billion, with $1.47 billion attributed to the California wildfires.
Despite these challenges, Chubb demonstrated robust premium growth. The company reported consolidated net premiums written of $12.6 billion, an increase of 5.7% in constant currency terms compared to the same period last year. This includes a 5.0% rise in P&C net premiums, totaling $10.93 billion.
The P&C combined ratio stood at 95.7%, heavily affected by the catastrophe losses, but improved to 82.3% when excluding these losses and prior period developments.
The Life Insurance segment also showed positive momentum, with net premiums rising 10.3% in constant dollars to $1.72 billion. Segment income increased by 8.6% to $291 million, further underscoring the segment's growth.
Chubb's investment income was a significant contributor, with pre-tax net investment income rising 12.2% to $1.56 billion. Book value per share grew by 2.7% to $164.01 from the end of 2024.
In line with its commitment to shareholder returns, Chubb returned $751 million to shareholders through share repurchases amounting to $385 million and dividends totaling $366 million.
