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Combined Ratio
The Combined Ratio is a crucial metric for Chubb, showing the company's profitability from underwriting activities. It combines the loss ratio and expense ratio to assess whether the company is making a profit from its insurance operations. A ratio below 100% indicates profitability, while a ratio above 100% suggests losses.Chubb’s combined ratio has shifted from pandemic-driven volatility into a sustained low‑to‑mid‑80s underwriting performance, punctuated by discrete quarterly spikes tied to catastrophe and reserve movements—most recently a sizable cat loss that lifted one quarter sharply. Management’s focus on disciplined underwriting, shrinking poorly priced property exposure and opportunistic reinsurance is underpinning margin resilience (ex‑cat metrics are stronger), but accelerating property pricing deterioration and fierce competition in London/E&S remain the primary downside threats.
Date | Combined Ratio |
|---|---|
Jun 30, 2026 | 83.80 |
Mar 31, 2026 | 84.00 |
Dec 31, 2025 | 81.20 |
Sep 30, 2025 | 81.80 |
Jun 30, 2025 | 85.60 |
Mar 31, 2025 | 95.70 |
Dec 31, 2024 | 85.70 |
Sep 30, 2024 | 87.70 |
Jun 30, 2024 | 86.80 |
Mar 31, 2024 | 86.00 |