EarningsQ2 2026 Earnings Report
MX:CBN Q2 2026 EPS Results
Actual EPS$132.82
Consensus EPS$123.89
Beat/MissBeat by +$8.93
One Year Ago EPS$112.33
MX:CBN Q2 2026 Revenue Results
Actual Revenue$290.41B
Expected Revenue$275.78B
Beat/MissBeat by +$14.63B
YoY Revenue Growth+6.96%
Earnings Announcement Details
QuarterQ2 2026
Date07/21/2026
TimeAfter Close
Conference CallTuesday, July 21, 2026
MX:CBN Upcoming Earnings
Chubb's next earnings date is estimated for October 20, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CBN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of operating and investment results — robust core operating earnings, record investment income, tangible book value growth, diversified top-line growth, and active capital returns. These positive fundamentals were balanced against notable market pressures: softening casualty pricing, significant deterioration in property pricing (impacting major account/E&S), weather-related CAT losses, some adverse runoff development, reserve increases, and higher reinsurance spend. Management emphasized diversification, underwriting discipline, and confidence in delivering continued earnings and tangible book growth despite competitive and pricing headwinds.Company Guidance
Strong Core Operating Earnings and EPS Growth
Core operating earnings of $2.8 billion, or $7.26 per share, up 14.6% and 18.2% year-over-year, respectively, demonstrating solid underlying profitability.
Material Tangible Book Value and Book Value Growth
Tangible book value per share up 17.1% year-over-year; book value reached an all-time high of $75 billion ($195.45 per share). Book and tangible book value per share excluding AOCI grew 2.8% and 3.8% for the quarter and 11.4% and 15.8% year-over-year.
Excellent P&C Underwriting Results
P&C underwriting income exceeded $1.9 billion, up almost 19% year-over-year; reported combined ratio of 83.8% and current accident-year combined ratio (ex-CATs) of 82.2%.
Record Investment Income and Growing Invested Asset Base
Adjusted net investment income was a record $1.88 billion, up more than 11% year-over-year. Invested assets grew to $175 billion (from $161 billion a year ago). Fixed income portfolio yield was 5.1% and new money reinvestment rate averaged 5.5% as of June 30.
Life Income and Life Business Expansion
Life income of $332 million, up 9% year-over-year. Life division now produces annual premiums of over $8 billion (from $2.5 billion five years ago); international life & A&H premiums and deposits rose ~14.5%.
Broad and Diversified Top-Line Growth
Global P&C premiums up 3% overall (6.3% excluding large account & E&S property). Overseas general grew 10.2% (4.8% constant dollar). Regional growth: Latin America +15.6%, Asia +12%, Europe ~7.5%. North America small & middle market premiums grew ~9%; personal lines and A&H each +6%.
Strong Investment Income Mix and Cash Flow
Public fixed income income $1.63 billion (up 12% YoY); private investments ($250 million) up 9.5% YoY and represent 12% of portfolio. Adjusted operating cash flows of $3.5 billion and management cited ~ $16 billion supporting portfolio growth.
Proactive Capital Management and Shareholder Returns
Issued $2.2 billion of debt at a weighted average cost of 4.2% (avg term ~7.5 years). Board authorized a new $7.5 billion repurchase program. Returned $1.4 billion of capital in the quarter (repurchases $979 million at $327.18 avg; dividends $395 million).
MX:CBN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed