Chubb Q2 2025

Chubb Reports Second Quarter Per Share Net Income of $7.35, Up 34.6%, and Record Per Share Core Operating Income of $6.14, Up 14.1%; Consolidated Net Premiums Written of $14.2 Billion, Up 6.3%, or 7.1% in Constant Dollars, with P&C and Life Insurance Up 5.8% and 17.3%, Respectively; P&C Combined Ratio of 85.6%

• Net income was $2.97 billion, up 33.1%, and core operating income was a record $2.48 billion, up 12.9%.

• P&C net premiums written were $12.39 billion, up 5.2%, or 5.8% in constant dollars.

• Global P&C net premiums written, which exclude Agriculture, were up 5.8%, or 6.4% in constant dollars.

• North America was up 5.3%, including growth of 9.1% in personal insurance and 4.1% in commercial insurance. Middle market and small commercial were up 8.5%, with P&C lines up 10.2% and financial lines up 2.7%, and major accounts retail and specialty were up 1.5%, including property-related lines down 4.2%, casualty up 12.0% and financial lines up 4.4%.

• Overseas General was up 8.5%, or 10.2% in constant dollars, including growth of 15.3% in consumer insurance and 6.8% in commercial insurance; Latin America, Asia, and Europe, were up 17.3%, 12.7% and 8.2%, respectively.

• North America Agriculture was down 3.3%, driven by lower commodity prices.

• P&C underwriting income was a record $1.63 billion, up 15.0%, with a combined ratio of 85.6%. P&C current accident year underwriting income excluding catastrophe losses was a record $2.01 billion, up 11.4% over prior year, with a combined ratio of 82.3%.

• Life Insurance net premiums written were $1.80 billion, up 14.1%, or 17.3% in constant dollars, and segment income was $305 million, up 10.4%, or 15.3% in constant dollars.

• Pre-tax net investment income was a record $1.57 billion, up 6.8%, and adjusted net investment income was $1.69 billion, up 7.9%.

• Annualized return on equity (ROE) was 17.6%. Annualized core operating return on tangible equity

(ROTE) was 21.0% and annualized core operating ROE was 13.9%.