Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
A tenth of revenue earns over half the profit
Investment income is 11.1% of revenue, yet the money held until claims are paid now earns most of pre-tax profit.
For investorsWhat carries Chubb's earnings if catastrophes or rates turn?
For foundersMargin before volume: deciding what not to sell
The headline P&C combined ratio rose to 84.1% from 81.8%, while the measure without catastrophes barely moved.
Interest-rate markdowns on the investment portfolio left comprehensive income attributable to Chubb at a loss of $716M.
Net income attributable to Chubb rose 1.5%, because outside owners of partly owned units took a loss.
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Business Lens describes Chubb Limited from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
