Chubb Q2 2026: core EPS $7.26, up 18.2%; combined ratio 83.8%
Chubb beat the $6.95 consensus earnings estimate with core operating EPS of $7.26, up 18.2% on a better combined ratio and record investment income. GAAP net income of $2.85 billion was still 3.8% below last year because prior-year realized gains were unusually large. Read the quarter on core operating earnings, underwriting and book value — not on the headline revenue line, which the filing itself flags as inconsistent.
1 · Expected vs. Actual
Free preview belowDiluted net income per share was $7.30, down 0.7% from $7.35 a year ago, while core operating EPS was $7.26, up 18.2% from $6.14. Core EPS beat the $6.95 consensus by about 4.4%, or roughly $0.31 per share. The gap between the two EPS lines is mostly realized investment gains: last year's quarter carried $539 million of after-tax realized gains versus $47 million this year.
The structured data shows $15.82 billion of revenue against $13.13 billion in the prior-year period, which would be a 20.5% jump. But those two numbers do not measure the same thing: the $15.82 billion is total revenue while the $13.13 billion is prior-year net premiums earned, and the filing's own flag notes the mismatch. On the comparable measure management highlights, consolidated net premiums earned rose 5.8%, with net premiums written of $14.71 billion, up 3.6%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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