Mon, Apr 28, 8:13 PM (24 days ago)
### Chubb Limited (CB) Q1 2025 Financial Summary **Company Overview:** Chubb Limited is a global insurance and reinsurance organization headquartered in Zurich, Switzerland. As of March 31, 2025, Chubb had total assets of $252 billion and total shareholders' equity of $66 billion. **Financial Performance:** - **Revenue:** Net premiums written increased by 3.5% to $12.65 billion, driven by growth in both international and North American life insurance segments. - **Earnings:** Net income attributable to Chubb was $1.33 billion, down from $2.14 billion in the prior year, primarily due to higher catastrophe losses. - **Combined Ratio:** The P&C combined ratio was 95.7%, up from 86.0% in the prior year, reflecting significant catastrophe losses, particularly from California wildfires. **Segment Performance:** - **North America Commercial P&C Insurance:** Net premiums written increased by 2.1%, with a combined ratio of 82.1%. - **North America Personal P&C Insurance:** Net premiums written increased by 6.6%, but the combined ratio spiked to 159.5% due to catastrophe losses. - **North America Agricultural Insurance:** Net premiums written increased by 11.0%, with a combined ratio of 67.5%. - **Overseas General Insurance:** Net premiums written increased by 1.8%, with a combined ratio of 83.4%. - **Global Reinsurance:** Net premiums written increased by 13.7%, with a combined ratio of 95.6%. - **Life Insurance:** Net premiums written increased by 5.3%, with segment income up by 8.6%. **Investments:** - **Investment Income:** Net investment income was $1.56 billion, up 12.2% due to higher average invested assets and reinvestment rates. - **Investment Portfolio:** The fair value of the total investment portfolio increased by $1.6 billion, primarily due to gains in fixed maturities available-for-sale. **Catastrophe Losses:** - Total pre-tax catastrophe losses were $1.64 billion, including $1.47 billion from California wildfires. **Capital and Liquidity:** - **Capitalization:** Total capitalization was $80.65 billion, with a ratio of financial debt to total capitalization of 18.0%. - **Liquidity:** Chubb maintains strong liquidity with access to capital markets and credit facilities. **Outlook:** Chubb continues to focus on growth in premiums, expense management, and maintaining a strong investment portfolio. The company is also committed to enhancing its underwriting margins and managing catastrophe risks effectively. **Ticker:** CB **Note:** This summary provides a concise overview of Chubb Limited's Q1 2025 financial performance and operational highlights. For detailed financial statements and notes, refer to the full 10-Q filing.