Chubb Ltd CB
Chubb Limited is the Swiss-incorporated holding company of the Chubb Group of Companies. Chubb Limited, which is headquartered in Zurich, Switzerland, and its direct and indirect subsidiaries (collectively, the Chubb Group of Companies, Chubb, we, us, or our) are a global insurance and reinsurance organization, serving the needs of a diverse group of clients worldwide. At December 31, 2025, we had total assets of $272 billion and total shareholders' equity, of $74 billion (excluding noncontrolling interests). Chubb was incorporated in 1985 at which time it opened its first business office in Bermuda and continues to maintain operations in Bermuda.
We have grown our business through increased premium volume, expansion of product offerings and geographic reach, and the acquisition of other companies, to become a global property and casualty (P&C) leader. We expanded our personal accident and supplemental health (A&H), and life insurance business with the acquisition of Cigna's business in several Asian markets in 2022. We further advanced our goal of greater product, customer, and geographical diversification with incremental purchases that led to a controlling majority interest in Huatai Insurance Group Co. Ltd (Huatai Group), a Chinese financial services holding company with separate P&C, life, and asset management subsidiaries (collectively, Huatai) on July 1, 2023. At December 31, 2025, our ownership interest in Huatai Group was approximately 87.2 percent. Refer to Note 2 to the Consolidated Financial Statements for additional information on our acquisitions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.40B | $55.75B | $49.73B | $43.10B | $40.87B | $35.99B | $34.19B | $32.72B | $32.24B | $31.47B |
| SG&A | $4.50B | $4.38B | $4.01B | $3.40B | $3.13B | $2.98B | $3.03B | $2.89B | $2.83B | $3.08B |
| Interest expense | $764.0M | $741.0M | $672.0M | $570.0M | $492.0M | $516.0M | $552.0M | $641.0M | $607.0M | $605.0M |
| Pre-tax income | $13.04B | $11.46B | $9.53B | $6.49B | $9.79B | $4.16B | $5.25B | $4.66B | $3.72B | $4.95B |
| Income tax | $2.42B | $1.81B | $511.0M | $1.24B | $1.27B | $629.0M | $795.0M | $695.0M | $139.0M | $815.0M |
| Net income | $10.31B | $9.27B | $9.03B | $5.25B | $8.53B | $3.53B | $4.45B | $3.96B | $3.86B | $4.13B |
| EPS, basic | 25.93 | 22.94 | 21.97 | 12.50 | 19.38 | 7.82 | 9.77 | 8.55 | 8.26 | 8.94 |
| EPS, diluted | 25.68 | 22.70 | 21.80 | 12.39 | 19.24 | 7.79 | 9.71 | 8.49 | 8.19 | 8.87 |
| Shares, diluted (wtd. avg.) | 401.5M | 408.5M | 414.2M | 423.5M | 443.2M | 453.4M | 458.9M | 466.8M | 471.2M | 465.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.47B | $2.55B | $2.62B | $2.13B | $1.81B | $1.84B | $1.65B | $1.34B | $851.0M | $1.09B |
| Property, plant and equipment | $3.50B | $3.10B | $2.90B | $2.40B | $2.00B | $2.00B | $1.90B | $1.70B | $1.30B | $1.20B |
| Goodwill | $20.21B | $19.58B | $19.69B | $16.23B | $15.21B | $15.40B | $15.30B | $15.27B | $15.54B | $15.33B |
| Other intangibles | $6.24B | $6.38B | $6.78B | $5.44B | $5.46B | $5.81B | $6.06B | $6.14B | $6.51B | $6.76B |
| Total assets | $272.33B | $246.55B | $230.68B | $199.02B | $200.05B | $190.77B | $176.94B | $167.77B | $167.02B | $159.79B |
| Short-term debt | $1.50B | $800.0M | $1.46B | $475.0M | $999.0M | $0 | $1.30B | $509.0M | $1.01B | $500.0M |
| Long-term debt | $15.73B | $14.38B | $13.04B | $14.40B | $15.17B | $14.95B | $13.56B | $12.09B | $11.56B | $12.61B |
| Total liabilities | $192.55B | $178.15B | $166.99B | $148.50B | $140.34B | $131.33B | $121.61B | $117.46B | $115.85B | $111.51B |
| Retained earnings | $69.95B | $61.56B | $54.81B | $48.30B | $47.37B | $39.34B | $36.14B | $31.70B | $27.47B | $23.61B |
| Total equity | $73.76B | $64.02B | $63.69B | $50.52B | $58.33B | $59.44B | $55.33B | $50.31B | $51.17B | $48.27B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12.82B | $16.18B | $12.63B | $11.26B | $11.15B | $9.79B | $6.34B | $5.48B | $4.50B | $5.29B |
| Investing cash flow | -$11.26B | -$13.92B | -$7.65B | -$5.65B | -$6.66B | -$7.52B | -$5.91B | -$2.94B | -$2.42B | -$5.32B |
| Financing cash flow | -$1.85B | -$2.18B | -$4.49B | -$5.14B | -$4.41B | -$2.08B | -$151.0M | -$1.99B | -$2.32B | -$742.0M |
| Dividends paid | $1.50B | $1.44B | $1.39B | $1.38B | $1.40B | $1.39B | $1.35B | $1.34B | $1.31B | $1.17B |
| Buybacks | $3.69B | $1.80B | $2.41B | $2.89B | $4.86B | $523.0M | $1.53B | $1.04B | $801.0M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000896159-26-000005.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31.47B | $32.24B | $32.72B | $34.19B | $35.99B | $40.87B | $43.10B | $49.73B | $55.75B | $59.40B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $4.13B | $3.86B | $3.96B | $4.45B | $3.53B | $8.53B | $5.25B | $9.03B | $9.27B | $10.31B |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Results announced Item 2.02
- Charter or fiscal year changed Item 5.03
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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