Why Is Chubb (CB) Up 6.3% Since Last Earnings Report?

Core Insights - Chubb Limited reported strong Q3 2025 earnings, with core operating income of $7.49 per share, exceeding estimates by 26% and reflecting a year-over-year increase of 30.9% [2][3] - The company's net premiums written rose 7.5% year over year to $14.8 billion, surpassing both internal and consensus estimates [3][4] - Chubb's P&C underwriting income increased significantly by 55% year over year to $2.2 billion, also exceeding consensus estimates [4][5] Financial Performance - Total revenues for the quarter reached $16.1 billion, beating consensus estimates by 1.6% and showing a year-over-year growth of 7.4% [3] - Pre-tax net investment income was reported at $1.65 billion, up 9.3% year over year, although it fell short of estimates [3][4] - The P&C combined ratio improved by 590 basis points year over year to 81.8%, indicating better underwriting performance [5] Segment Analysis - North America Commercial P&C Insurance saw net premiums written increase by 2.9% to $5.6 billion, with a combined ratio improvement of 500 bps to 81.5% [6] - The North America Personal P&C Insurance segment reported an 8.1% increase in net premiums written to $1.8 billion, with a significant combined ratio improvement of 1,620 bps to 65.1% [6] - Life Insurance premiums rose 24.6% year over year to $1.93 billion, with segment income increasing by 13.9% in constant dollars [9][10] Capital Management - Chubb Limited repurchased shares worth $1.23 billion and paid $385 million in dividends during the quarter [13] - The company's cash balance as of September 30, 2025, was $2.4 billion, a decrease of 3.7% from the end of 2024 [11] Market Position - Chubb holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [16] - The company has a subpar Growth Score of D and a Value Score of B, placing it in the second quintile for value investors [15]