revenue $15.8B, net income $2.85B. Chubb Q2 net income dips 3.8% on lower private equity gains; YTD up 20% on reduced cats

Filed July 28, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 28, 2025 · ~2 min read

Key Changes

• high

  Q2 2026 net income fell 3.8% to $2.85B despite premium growth and higher investment income, as lower mark-to-market gains on private equity investments offset underwriting strength. YTD net income rose 20.4% to $5.17B, driven by catastrophe losses falling 57% ($975M vs $2.27B) as 2025's $1.47B California wildfire losses did not recur.

  MD&A: Net Income verify on EDGAR →
• high

  North America Commercial P&C premiums declined 2.3% as the company pulled back from large account and E&S property exposures, reducing segment growth by ~6.4 percentage points. Combined ratio rose 1.9 points to 85.4%, driven by higher catastrophe losses (5.8% of premiums vs 4.5%) and business mix shift from reduced property exposure.

  MD&A: North America Commercial P&C verify on EDGAR →
• high

  Board authorized $7.5B share repurchase program (May 2026), a 50% increase from the prior $5.0B authorization. YTD repurchases doubled to $2.1B from $1.1B, reflecting accelerated capital return alongside a $0.20/share annual dividend increase to $4.08.

  Controls & Notes: Capital Return verify on EDGAR →