Chubb Q3 FY2026: core EPS $7.66 beats, nine-month core income a record
The quarter was solid rather than spectacular; the story is the nine-month record. Chubb earned $7.66 per share in core operating income, 9.3% above the $7.011 consensus, while GAAP net income of $2.84 billion rose just 1.5%. Read it against an unusually light catastrophe quarter a year ago: the current accident year combined ratio excluding catastrophes was 82.6%, and nine-month core operating income of $8.60 billion was up 21.0%.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $7.30 rose 4.4% and core operating EPS of $7.66 rose 0.8% on the company's restated basis, and both cleared the $7.011 consensus, a 9.3% beat on core. Note the definition change: from Q3 2026 core operating income excludes amortization of purchased intangibles other than long-term distribution agreements, and prior periods were restated.
Revenue was $16.20 billion, essentially flat against $16.15 billion a year earlier, because premium growth and investment income were partly offset by $455 million of net realized losses. The cleaner growth figure is net premiums written of $15.14 billion, up 1.9%, with net premiums earned of $14.92 billion, up 3.9%.
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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 2026-11-03
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