Chubb Limited (CB) financials
NYSE · Financial Services · Insurance - Property & Casualty · 45,000 employees · CEO Evan G. Greenberg
- Price
- $364.12 +0.51%
- Market cap
- $139B
- Enterprise value
- $155B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-02
Revenue (TTM)$62.1B+5.8% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)17.1%-4.0 pp vs a year agoOperating income $10.6B
Net income (TTM)$11.1B+15.2% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$18.5B+38.9% vs a year agoCapex $0
Diluted EPS (TTM)$28.71+19.8% vs a year agoSum of the last 4 quarters
Net cash$126B+416.7% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $139B EV $155B
- Revenue
- $62.1B Trailing 12 months
- Revenue growth
- -4% FY2026 consensus
- Profit margin
- 18.0% Net income / revenue, TTM
- P/E
- 12.6× Forward 12.5× (FY2026)
- P/S
- 2.2× Price / sales, TTM
- EV / EBITDA
- 13.3× TTM
- Free cash flow
- $18.5B Trailing 12 months
- Net income
- $11.1B Trailing 12 months
- Revenue estimate
- $57.3B FY2026 consensus
- Earnings
- 2027-02-02
- Dividend
- $3.98 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Revenue growth slowing: -0.0% year on yearQ3 '26 revenue $16.2B, against an average of 7.9% over the four quarters before.
- Operating margin 17.1% (TTM), -4.0 pp on a year agoOperating income grew -14.1% while revenue grew 5.8%.
- Capex 0.0% of revenue (a year ago 0.0%)$0 invested in the last 4 quarters (– on a year earlier). Free cash flow $18.5B = 166.0% of net income.
- Returned $5.59B to shareholders = 30.2% of free cash flowBuybacks $4.45B (a year earlier $2.97B), dividends $1.14B, stock-based pay $252M (TTM).
- Diluted share count down 3.4% in a year389M diluted shares in Q3 '26, 403M a year earlier.
- Net cash $126BCash + short-term investments $145B, debt incl. leases $19.1B; a year ago net cash $24.3B.
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $16.2B | $16.2B | 0.0% |
| Gross margin | 44.4% | 32.5% | +11.9 pp |
| Operating income | $3.24B | $3.89B | -16.7% |
| Operating margin | 20.0% | 24.0% | -4.0 pp |
| Net income | $2.74B | $2.8B | -2.3% |
| Diluted EPS | $7.30 | $6.99 | +4.4% |
| Operating cash flow | $6.07B | $3.64B | +66.8% |
| Capex | $0 | $0 | – |
| Free cash flow | $6.07B | $3.64B | +66.8% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $252M | $0 | – |
Revenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Segment Life | $8.04B | +11.7% | 100.0% | $23.2B | +10.0% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $18.5B
- Capex
- $0
- Buybacks
- -$4.45B
- Dividends
- -$1.14B
- Acquisitions
- -$25M
- Net debt issued
- $896M
- Stock-based compensation
- $252M
- Free cash flow
- $18.5B
- Returned to shareholders / FCF
- 30.2%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 12.6× | 12.4× | 10.0× – 17.6× |
| EV / EBITDA | 13.3× | 10.7× | 9.4× – 14.4× |
| EV / Sales | 2.5× | 2.3× | 2.1× – 2.5× |
| Price / FCF | 7.5× | 7.7× | 7.0× – 8.5× |
| Price / Book | 1.9× | 1.7× | 1.4× – 1.8× |
| FCF yield | 13.3% | 13.0% | 11.7% – 14.3% |
| Return on invested capital | 5.5% | 518.3% | 8.0% – 1,104.4% |
| Return on equity | 15.1% | 13.7% | 10.4% – 15.2% |
Analysts
Consensus target $355.91 (-2.3%)
range $301.00 – $387.00 · rating Buy
Strong buy1
Buy22
Hold19
Sell2
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $57.3B | -4.2% | $29.21 | +13.5% | 12.5× | 16 |
| FY2027 | $59.8B | +4.3% | $29.59 | +1.3% | 12.3× | 17 |
| FY2028 | $62.7B | +4.9% | $32.15 | +8.7% | 11.3× | 9 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 349 figures Chubb Limited tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| (Increase) Decrease in Unearned Premiums, Net | -$219M | -$507M | +56.8% | -$1.83B | -$1.62B | -12.7% |
| Accounts Payable and Accrued Liabilities | $10.8B | $9.58B | +12.9% | $10.1B | $10.2B | -0.8% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $107M | $107M | 0.0% | $409M | $367M | +11.4% |
| Accrued Investment Income Receivable | $1.56B | $1.43B | +9.3% | $1.31B | $1.16B | +12.5% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$9.48B | -$4.89B | -93.8% | -$4.98B | -$8.64B | +42.4% |
| Additional Paid in Capital, Common Stock | $12.4B | $13.5B | -8.1% | $13.3B | $14.4B | -7.9% |
| Additions to Contract Holders Funds | $428M | $232M | +84.5% | $853M | $1.02B | -16.7% |
| Alternative Investment | $17.5B | $16.7B | +4.7% | $17.2B | $14.8B | +16.7% |
| Amortization of Debt Issuance Costs and Discounts | – | – | – | $8M | $16M | -50.0% |
| Amortization of Intangible Assets | $74M | $75M | -1.3% | $301M | $323M | -6.8% |
| Amortization of Value of Business Acquired (VOBA) | – | – | – | $224M | $240M | -6.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1.05M | 1.63M | -35.8% | 1.46M | 1.15M | +27.2% |
| Assets | $284B | $270B | +4.9% | $272B | $247B | +10.5% |
| Assumed Premiums Earned | – | – | – | $4.94B | $4.97B | -0.7% |
| Assumed Premiums Written | – | – | – | $5.15B | $5.14B | +0.2% |
| Benefits, Losses and Expenses | $12.8B | $12.3B | +4.4% | $46.4B | $44.3B | +4.7% |
| Business Combination, Integration Related Costs | $11M | $1M | +1,000.0% | $79M | $39M | +102.6% |
| Cash Acquired from Acquisition | $0 | $0 | – | $32M | $0 | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3.01B | $2.45B | +22.7% | $2.47B | $2.55B | -3.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $257M | $83M | +209.6% | -$79M | -$72M | -9.7% |
| Ceded Premiums Earned | – | – | – | $10.8B | $10.3B | +5.4% |
| Ceded Premiums Written | – | – | – | $11.1B | $10.5B | +5.4% |
| Common Stock, Dividends, Per Share, Declared | $1.02 | $0.97 | +5.2% | $3.82 | $3.59 | +6.4% |
| Common Stock, Dividends, Per Share, Declared | $0.83 | $0.78 | +6.4% | $3.18 | $3.15 | +1.0% |
| Common Stock, Par or Stated Value Per Share | $0.50 | $0.50 | 0.0% | $0.50 | $0.50 | 0.0% |
| Common Stock, Shares Authorized | 400M | – | – | 412M | 420M | -1.8% |
| Common Stock, Shares, Issued | 400M | 412M | -2.9% | 412M | 420M | -1.8% |
| Common Stock, Shares, Outstanding | 383M | 394M | -3.0% | 391M | 401M | -2.4% |
| Common Stock, Value, Issued | $224M | $231M | -3.0% | $231M | $235M | -1.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | -$65M | $386M | -116.8% | $472M | $221M | +113.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$716M | $3.97B | -118.0% | $14B | $7.44B | +88.0% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | -$781M | $4.35B | -117.9% | $14.5B | $7.66B | +88.7% |
| Current Income Tax Expense (Benefit) | – | – | – | $2.09B | $1.73B | +20.6% |
| Current Year Claims and Claims Adjustment Expense | $8.06B | $7.38B | +9.2% | $27.8B | $27B | +3.0% |
| Debt Securities, Available-for-sale | $126B | $122B | +3.3% | $123B | $110B | +11.2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $401M | $2.04B | -80.4% | $1.95B | $1.12B | +74.6% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $8.69B | $3.93B | +121.1% | $3.95B | $5.77B | -31.6% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $53M | $50M | +6.0% | $52M | $70M | -25.7% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease) | $21M | $25M | -16.0% | $97M | $118M | -17.8% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Recovery | -$16M | -$45M | +64.4% | -$113M | -$198M | +42.9% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Writeoff | $0 | -$1M | +100.0% | -$2M | -$6M | +66.7% |
| Debt Securities, Available-for-sale, Amortized Cost | $134B | $124B | +8.4% | $125B | $115B | +8.4% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $26.5B | $34.8B | -23.9% | $32.4B | $39.8B | -18.6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $4.38B | $3.05B | +43.5% | $2.9B | $4.23B | -31.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $75.6B | $9.37B | +706.7% | $12.6B | $28B | -55.0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $3.25B | $166M | +1,858.4% | $237M | $518M | -54.2% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $21B | $19.6B | +6.8% | $20.1B | $18.3B | +10.0% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $32.8B | $30.5B | +7.5% | $31.5B | $26.9B | +17.1% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $35.2B | $36.3B | -2.9% | $35.6B | $33.4B | +6.5% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $3.99B | $5.21B | -23.4% | $4.75B | $4.51B | +5.4% |
| Debt Securities, Available-for-sale, Gain (Loss) | -$145M | $46M | -415.2% | – | – | – |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost | $92B2025-12-31 | $83.1B | +10.6% | $92B | $83.1B | +10.6% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value | $93B | $91.6B | +1.5% | $92B | $83.1B | +10.6% |
| Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | $32.8B | $30.2B | +8.8% | $30.7B | $27.2B | +12.8% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $102B | $44.2B | +131.1% | $44.9B | $67.7B | -33.6% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $7.63B | $3.21B | +137.3% | $3.14B | $4.75B | -34.0% |
| Deferred Income Tax Assets, Net | $1.46B | $1.41B | +3.0% | $1.31B | $1.6B | -18.2% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $337M | $86M | +291.9% |
| Deferred Income Tax Liabilities, Net | $1.85B | $1.73B | +6.9% | $1.74B | $1.58B | +9.9% |
| Deferred Policy Acquisition Cost | $11.4B | $9.81B | +16.4% | $10B | $8.36B | +19.7% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01