The net income of Chubb Limited for the quarter ended September 30, 2025 reached USD 2.80 billion, and core operating income amounted to USD 3.00 billion, the company said in its report.

For the nine months ended September 30, 2025, net income was USD 7.10 billion, and core operating income was USD 6.97 billion.

Key report takeaways:

• Net income was USD 2.80 billion, up 20.5%, and record core operating income was USD 3.00 billion, up 28.7%.
• P&C net premiums written were USD 12.93 billion, up 5.3%. North America was up 4.4%, including growth of 8.1% in personal insurance and 3.5% in commercial insurance, or 6.2% adjusting for the impact of two non-recurring items that benefited 2024. Overseas General was up 9.7%, including growth of 15.5% in consumer insurance and 5.8% in commercial insurance; Asia, Latin America, and Europe were up 14.3%, 10.6% and 4.8%, respectively.
• P&C underwriting income was a record USD 2.26 billion, up 55.0%, with a record combined ratio of 81.8%. P&C current accident year underwriting income excluding catastrophe losses was a record USD 2.18 billion, up 10.3% over prior year, with a combined ratio of 82.5%.
• Total pre-tax catastrophe losses in the quarter were USD 285 million compared with USD 765 million last year, and USD 2.56 billion for the nine months compared with USD 1.78 billion last year.
• Total pre-tax favorable prior period development was USD 361 million compared with USD 244 million last year.
• Life Insurance net premiums written were USD 1.93 billion, up 24.6%, and segment income was USD 324 million, up 14.2%.
• Pre-tax net investment income was USD 1.65 billion, up 9.3%, and adjusted net investment income was USD 1.78 billion, up 8.3%. Both were records.
• Annualized return on equity (ROE) was 15.9%. Annualized core operating return on tangible equity (ROTE) was 24.5% and annualized core operating ROE was 16.3%.

"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 USD 3 billion was a record, up 29%, driven by record underwriting and investment income and double-digit growth in life income”, commented Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited. "In sum, Chubb's fundamentals and our positioning are excellent, and our balance sheet, starting with our loss reserves, has never been stronger. I am confident we will maintain superior earnings growth, including double-digit growth in EPS, book and tangible book value, with core operating ROE increasing to 14% plus over the medium term, CATs and FX notwithstanding", Evan G. Greenberg added.

Operating highlights for the quarter ended September 30, 2025:



The full report can be found here.