Q1 26 EPS
$6.82
BEAT +3.31%
Est. $6.60
Q1 26 Revenue
$13.46B
BEAT +16.43%
Est. $11.56B
vs S&P Since Q1 26
-2.8%
TRAILING MARKET
CB +6.0% vs S&P +8.7%
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 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | $6.74 | — | — | — | — |
| Q1 26 BEAT | $6.60 | $6.82 | +3.31% | $13.46B | +16.43% |
| Q4 25 BEAT FY | $6.78 | $7.52 | +10.98% | $13.53B | +21.47% |
| 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% |