# Chubb Limited (CB) - Recent Events ## Filings that contain financial statements Chubb is a domestic filer; its quarterly earnings releases are furnished on Form 8-K. Each release (Exhibit 99.1) carries summary consolidated balance sheets and a summary consolidated income-statement table with per-share data and P&C ratios. Exhibit 99.2 is the quarterly Financial Supplement, which adds a consolidated statement of operations (consecutive quarters), balance sheet detail and segment tables. - Form 8-K filed July 21, 2026, accession 0001193125-26-310312: three and six months ended June 30, 2026 (summary balance sheet at June 30, 2026 against December 31, 2025; summary income statement for the quarter and six months against 2025). - Form 8-K filed April 21, 2026, accession 0001193125-26-166937: quarter ended March 31, 2026. - Form 8-K filed February 3, 2026, accession 0001193125-26-035589: fourth quarter and full year ended December 31, 2025. - Form 8-K filed October 21, 2025, accession 0001193125-25-245172: quarter and nine months ended September 30, 2025. - Form 8-K filed July 22, 2025, accession 0001193125-25-162607: quarter and six months ended June 30, 2025. - Form 8-K filed April 22, 2025, accession 0001193125-25-089344: quarter ended March 31, 2025. These releases are unaudited and furnished rather than filed. The release balance sheets and tables are summaries, not full GAAP statements with notes. ## Earnings releases - **July 21, 2026 (second quarter 2026), accession 0001193125-26-310312.** Net income was $2.85 billion ($7.30 per share) against $2.97 billion ($7.35) a year earlier. Core operating income was $2.84 billion ($7.26 per share), up 14.6% (18.2% per share). Consolidated net premiums written were $14.7 billion, up 3.6%; P&C net premiums written were $12.77 billion, up 3.0% (6.3% excluding large account and E&S property), with North America Commercial down 2.3% and Overseas General up 10.2%. P&C combined ratio was 83.8% against 85.6%. Pre-tax catastrophe losses were $475 million (prior year $630 million) and pre-tax favorable prior period development was $283 million. Adjusted net investment income was a record $1.88 billion. Book value per share was $195.45 and tangible book value per share $131.93 at June 30, 2026. In the quarter Chubb returned $1.37 billion to shareholders: $979 million of share repurchases at an average $327.18 per share and $395 million of dividends. Management said property pricing remains overly soft, particularly in large account and E&S business, and that soft conditions are spreading to some casualty lines; no numeric guidance was given. - **April 21, 2026 (first quarter 2026), accession 0001193125-26-166937.** Net income was $2.32 billion ($5.88 per share) and core operating income $2.69 billion ($6.82 per share). P&C net premiums written were $11.72 billion, up 7.2%; P&C combined ratio was 84.0%. Catastrophe losses were $500 million against $1.64 billion in the prior-year quarter, which included $1.47 billion from the California wildfires. Capital returned was $1.52 billion ($1.14 billion of repurchases at an average $325.06 and $380 million of dividends). - **February 3, 2026 (fourth quarter and full year 2025), accession 0001193125-26-035589.** Fourth-quarter net income was $3.21 billion ($8.10 per share) and core operating income $2.98 billion ($7.52 per share); P&C combined ratio was 81.2%. Full-year 2025 net income was $10.31 billion ($25.68 per share) and core operating income $9.95 billion ($24.79 per share), with a full-year P&C combined ratio of 85.7%. Full-year consolidated net premiums written were $54.8 billion. - **October 21, 2025 (third quarter 2025), accession 0001193125-25-245172.** Net income was $2.80 billion ($6.99 per share) and core operating income a record $3.00 billion ($7.49 per share). P&C combined ratio was 81.8%; catastrophe losses were $285 million. Capital returned was $1.62 billion, including $1.23 billion of repurchases at an average $277.67 per share. - **July 22, 2025 (second quarter 2025), accession 0001193125-25-162607.** Net income was $2.97 billion ($7.35 per share) and core operating income $2.48 billion ($6.14 per share). P&C combined ratio was 85.6%. - **April 22, 2025 (first quarter 2025), accession 0001193125-25-089344.** First-quarter 2025 results, furnished with a financial supplement; this period is the comparison base for the April 2026 release. ## Debt issuance (Chubb INA Holdings LLC, guaranteed by Chubb Limited) - **August 6, 2025 (agreement dated August 4, 2025), accession 0001104659-25-074535.** Agreed to sell $1.25 billion of 4.900% Senior Notes due 2035 in a public offering. - **May 20, 2026 (agreement dated May 18, 2026), accession 0001104659-26-064150.** Agreed to sell $1.0 billion of 5.300% Senior Notes due 2036 in a public offering. - **June 10, 2026 (agreement dated June 4, 2026), accession 0001104659-26-072113.** Agreed to sell C$400 million of 3.780% Senior Notes due 2031 and C$400 million of 4.034% Senior Notes due 2033 in a public offering. Each offering was fully and unconditionally guaranteed by Chubb Limited. The filings furnish the underwriting and terms agreements, note forms and legal opinions; the cover pages summarized here do not discuss use of proceeds. ## Share capital and governance - **March 7, 2025, accession 0001104659-25-022171.** Share capital reduced by CHF 3,759,282.50 through cancellation of 7,518,565 treasury shares repurchased in 2024, leaving 412,107,421 registered shares. - **March 10, 2026, accession 0001104659-26-026429.** Share capital reduced by CHF 5,993,287 through cancellation of 11,986,574 treasury shares repurchased in 2025, leaving 400,120,847 registered shares (CHF 200,060,423.50). - **May 15, 2025 annual general meeting, accession 0001104659-25-049835.** Agenda items 1-12 were approved; a shareholder proposal (item 13) was rejected. Shareholders renewed the capital band authorizing the Board to increase or decrease share capital. - **May 21, 2026 annual general meeting, accession 0001104659-26-065709.** Agenda items 1-13 were approved, including the amended and restated 2016 Long-Term Incentive Plan, the renewed capital band (up to 20% of share capital for a period ending May 21, 2027), and the 2026 auditor appointments. ## Management - **November 4, 2025, accession 0001104659-25-106021.** John Lupica, Vice Chairman, Chubb Group, and Executive Chairman, North America Insurance, announced his retirement effective December 31, 2025. John Keogh, President and Chief Operating Officer, took on the additional role of Chairman, North America Insurance. ## Other - **December 8, 2025, accession 0001104659-25-119308.** Chubb posted an investor presentation on its website under Regulation FD; the filing itself contains no financial data. ## Not reflected The 8-K filings in this period report no acquisition or divestiture signing or closing, and no restructuring or impairment. The acquisitions did take place, but they were disclosed in the periodic reports rather than on Form 8-K. Per Note 2 (Acquisitions) of the FY2025 Form 10-K, accession 0000896159-26-000005, Chubb agreed on March 3, 2025 to acquire Liberty Mutual's P&C insurance businesses in Thailand and Vietnam. It completed the acquisition of LMG Insurance in Thailand on April 1, 2025 for $321 million and completed the acquisition of Liberty Insurance in Vietnam on February 2, 2026 (price not disclosed). Both are reported in Overseas General Insurance, and the company describes them as not material. Both are completed, not pending.