Chubb Q1 profit surges 74% as catastrophe losses plunge; buybacks triple to $1.2B

Filed April 28, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 28, 2025 · ~1 min read

Key Changes

• high

  Net income jumped 74% to $2.3B as catastrophe losses fell from $1.64B (California wildfires) to $500M (winter storms), driving P&C combined ratio improvement from 95.7% to 84.0%.

  MD&A: Results of Operations verify on EDGAR →
• high

  Share repurchases tripled to $1.2B from $385M prior year, with 3.5M shares bought at average $325.93 vs 1.3M at $283.66, signaling aggressive capital return despite higher share price.

  Controls & Procedures verify on EDGAR →
• high

  Premium growth accelerated to 10.7% from 3.5%, led by Life Insurance segment surge to 33.1% (vs 5.3% prior year) driven by international traditional and single-premium products.

  MD&A: Premium Revenue verify on EDGAR →