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Get filing alertsChubb reports Q3 net income of $2.84B, core operating income of $2.98B, and P&C combined ratio of 84.1%
Filed October 20, 2026 · Period ending October 20, 2026 · ~1 min read
Key Changes
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Net income was $2.84 billion, up 1.5% year over year, while core operating income of $2.98 billion declined 2.2%.
Item 2.02 verify on EDGAR → -
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P&C underwriting income was $2.06 billion with a combined ratio of 84.1%, up from 81.8% a year earlier.
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Pre-tax net catastrophe losses more than doubled to $705 million from $285 million in the prior-year quarter.
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Chubb returned $1.57 billion to shareholders in the quarter through $1.18 billion of share repurchases and $393 million of dividends.
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Book value per common share was $191.43 at September 30, 2026, down 2.1% from June 30, 2026, but up 5.1% year over year.
Item 2.02 verify on EDGAR →
Summary
Chubb Limited reported third quarter 2026 results on October 20, 2026. Net income rose 1.5% to $2.84 billion, while core operating income fell 2.2% to $2.98 billion. The decline in core operating income was driven by a significant increase in catastrophe losses, which more than doubled to $705 million from $285 million in the prior-year quarter.
This pushed the P&C combined ratio up to 84.1% from 81.8% a year earlier, though the current accident year combined ratio excluding catastrophe losses was 82.6%, which management described as 'simply excellent.' For retail investors, the results show a profitable insurer with strong underwriting discipline, but the quarter was marked by unusually high catastrophe losses compared to a very light prior-year period. The company continued to return significant capital to shareholders, with $1.57 billion in buybacks and dividends during the quarter. Book value per share declined sequentially due to a larger accumulated other comprehensive loss, but remains up 5.1% year over year.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Chubb issued a press release reporting Q3 2026 results and a financial supplement.
Added in current filing · verify on EDGAR →
On October 20, 2026, Chubb Limited issued a Press Release reporting its third quarter 2026 results and the availability of its third quarter 2026 Financial Supplement.
Chubb announced its third quarter 2026 financial results via a press release dated October 20, 2026. The press release and financial supplement are attached as exhibits but their contents are not included in the 8-K body.
Event · Exhibit 99.1
Chubb reports Q3 2026 net income of $2.84B ($7.30/share) and record core operating income of $2.98B ($7.66/share).
Added in current filing · view on EDGAR →
Net income was $2.84 billion, up 1.5%, and core operating income was $2.98 billion, down 2.2%.
Chubb reported third-quarter net income of $2.84 billion, up 1.5% year over year, while core operating income of $2.98 billion declined 2.2%. The company noted that earnings were down 2% and up 1% per share from 2025 due to particularly light catastrophe losses last year.
Added in current filing · view on EDGAR →
Chubb Limited (NYSE: CB) today reported net income for the quarter ended September 30, 2026 of $2.84 billion, or $7.30 per share, and core operating income of $2.98 billion, or $7.66 per share.
Diluted earnings per share were $7.30 for net income and $7.66 for core operating income. The headline release notes per-share net income rose 4.4% and core operating income rose 0.8% year over year.
Event · Exhibit 99.2
Chubb reports Q3 2026 net income of $2.84B, core operating income of $2.98B, and a P&C combined ratio of 84.1%.
Added in current filing · view on EDGAR →
Core operating income
$ 2,980
Core operating income was $2,980 million in Q3 2026, down 2.2% from $3,048 million a year earlier. This non-GAAP measure excludes certain items and is a key profitability indicator for the company.
Added in current filing · view on EDGAR →
Combined ratio
84.1%
The P&C combined ratio was 84.1% in Q3 2026, up from 81.8% in Q3 2025, indicating a deterioration in underwriting profitability. A ratio above 100% would mean underwriting losses, so 84.1% remains profitable but less so than the prior year.
Added in current filing · view on EDGAR →
Net premiums written
$ 15,143
Consolidated net premiums written grew 1.9% to $15,143 million in Q3 2026 from $14,866 million in Q3 2025. This reflects continued top-line growth across the business.
Added in current filing · view on EDGAR →
Book value per common share
$ 191.43
Book value per common share was $191.43 at September 30, 2026, down 2.1% from $195.45 at June 30, 2026, but up 5.1% from $182.22 a year earlier. The sequential decline was driven by a larger accumulated other comprehensive loss.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 21, 2026 · How we verify