Core Insights - Arctic Wolf has been selected by Chubb as a preferred Managed Detection and Response (MDR) provider for its cyber policyholders with over 100 employees, highlighting a mutual commitment to reducing cyber risk [1][5] Group 1: Partnership Details - Chubb's decision to partner with Arctic Wolf is influenced by the effectiveness of the Arctic Wolf Aurora Platform, which significantly reduces the likelihood and impact of major cyber incidents [2] - The Aurora Platform processes over nine trillion security events weekly, consolidating thousands of daily alerts into an average of one actionable ticket per customer per day, thereby enhancing operational efficiency [2] Group 2: Service Offerings - Arctic Wolf operates global security operations centers across North America, EMEA, and APAC, providing 24/7 operations and local personnel to support its services [3] - The company has a dedicated "insurance alliance" team that collaborates with brokers and carrier partners to promote the adoption of their security products [3] Group 3: Cyber Threat Insights - Both the Q2 2025 Chubb Cyber Threat Intelligence Report and the 2025 Arctic Wolf Threat Report identify unsecured Remote Desktop Protocol (RDP) and compromised VPN credentials as primary causes of major cyber incidents like ransomware [4] - Arctic Wolf's Concierge Experience and Security Journey provide ongoing guidance to customers, helping them implement critical security controls to enhance their security posture and reduce risk over time [4] Group 4: Customer Benefits - Joint customers of Arctic Wolf and Chubb may qualify for preferred pricing and promotional benefits aimed at strengthening their security posture and mitigating cyber risk [6]

Core Insights - Chubb Limited reported a fourth-quarter 2025 core operating income of $7.52 per share, exceeding the Zacks Consensus Estimate by 13.9% and showing a year-over-year improvement of 24.9% [1][2] - Total operating revenues increased by 7.4% year over year to $15.3 billion, surpassing the Zacks Consensus Estimate by 1.7% [1][2] Financial Performance - Net premiums written rose by 8.9% year over year to $13.1 billion, exceeding both internal estimates and the Zacks Consensus Estimate [4][9] - Record net investment income reached $1.7 billion, an increase of 8%, while adjusted net investment income was $1.8 billion, up 7.3% year over year [4][9] - Property and casualty (P&C) underwriting income hit a record $2.2 billion, up 39.6% year over year, significantly above the Zacks Consensus Estimate of $1.8 billion [5][9] - The P&C combined ratio improved by 450 basis points year over year to 81.2%, better than the Zacks Consensus Estimate of 83.6% [6][9] Segment Performance - North America Commercial P&C Insurance saw net premiums written increase by 4.3% year over year to $5.1 billion, with a combined ratio improvement of 180 basis points to 78.8% [7] - North America Personal P&C Insurance reported a 6.1% increase in net premiums written to $1.72 billion, with a combined ratio improvement of 850 basis points to 74.1% [10] - North America Agricultural Insurance experienced a significant 45.1% increase in net premiums written to $459 million, driven by growth in crop insurance [11] - Overseas General Insurance net premiums written increased by 10.8% year over year to $3.8 billion, with a combined ratio improvement of 460 basis points to 83% [12] - Life Insurance net premiums written rose by 16.9% year over year to $1.8 billion, with segment income increasing by 19.3% in constant dollars [12] Full-Year Highlights - For the full year 2025, Chubb's core operating income was $24.79 per share, slightly missing the Zacks Consensus Estimate of $24.83, but showing a year-over-year increase of 10.8% [13] - Total net premiums written for the year reached $54.8 billion, up 6.6%, while P&C underwriting income improved by 11.6% year over year to $6.5 billion [13] Financial Position - As of December 31, 2025, Chubb's cash balance was $2.5 billion, a decrease of 3.1% from the previous year, while total shareholders' equity grew by 16.7% to approximately $80 billion [14] - Book value per share increased by 18% to $188.59 [14] - Operating cash flow for the quarter was $4.06 billion, with adjusted operating cash flow at $4.17 billion [15] Capital Deployment - In 2025, Chubb returned $4.91 billion to shareholders, including $3.39 billion in share repurchases and $381 million in dividends [16]

Financial Data and Key Metrics Changes - The company achieved record earnings for both the quarter and the year, with core operating income of nearly $3 billion, or $752 per share, up about 22% and 25% respectively [5] - Total company net premiums grew almost 9%, with Property & Casualty (P&C) up 7.7% and life up about 17% [5] - For the full year, operating income was just shy of $10 billion, or $24.79 per share, up about 9% and 11% respectively over the prior year [8] - Per share tangible book value grew 25.7% last year [9] Business Line Data and Key Metrics Changes - P&C underwriting income was $2.2 billion, up 40%, with a record low combined ratio of 81.2% for the quarter [5] - Life division produced $322 million of pre-tax income in the quarter, up just shy of 20% [15] - Adjusted net investment income rose 9% to almost $7 billion for the year [8] Market Data and Key Metrics Changes - International P&C premiums were up 10.8%, with consumer premiums up 18.7% and commercial lines up almost 7.5% [12] - In North America, total P&C premiums were up over 6.5%, with agriculture up over 45% [13] - Premiums in major accounts and specialty grew 3%, with major account business up 0.5% [13] Company Strategy and Development Direction - The company is focused on improving its competitive profile while continuing to invest in growth opportunities across various business lines [15] - The management highlighted the importance of digital transformation and technology integration to enhance operational efficiency and customer engagement [52][82] - The company is optimistic about growth in underwriting income contributing to EPS growth despite competitive pressures in certain markets [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate strong growth in operating earnings and double-digit growth in EPS and tangible book value for 2026 [15] - The management acknowledged the challenges posed by rising loss costs and the need for careful pricing strategies in the personal lines business [28] - The company remains cautious about geopolitical factors and foreign exchange volatility but is focused on maintaining a strong operational foundation [58][60] Other Important Information - The company returned $1.5 billion of capital to shareholders in the quarter, contributing to a total of $4.9 billion for the year [16] - Pre-tax catastrophe losses were $365 million for the quarter, with a total of $2.9 billion for the year [17] - The company expects adjusted net investment income in the first quarter of 2026 to be between $1.81 billion and $1.84 billion [18] Q&A Session Summary Question: Sustainability of U.S. commercial lines margins in 2026 - Management indicated that while some lines may face pricing pressures, the broad business mix helps mitigate risks, and they are confident in maintaining strong combined ratios [24] Question: Implications of excess profit laws on personal lines profitability - Management emphasized the importance of measuring personal lines over extended periods and cautioned against politicizing affordability issues, highlighting rising loss costs as a significant factor [28] Question: Growth opportunities in Latin America outside of Mexico - Management discussed partnerships with local banks for consumer insurance distribution and highlighted broad-based growth opportunities across various countries in Latin America [34] Question: Competitive dynamics in Asia - Management noted the significant growth potential in Asia, emphasizing the need for a strong local presence and the challenges of competing in diverse markets [36] Question: Trends in financial lines and workers' compensation pricing - Management acknowledged the variability in financial lines and noted a strong quarter for workers' compensation, particularly in middle market and small commercial segments [101] Question: Impact of foreign exchange volatility on operations - Management stated that they do not hedge revenue or income but match assets and liabilities in the same currency, which helps manage foreign exchange risks [58] Question: Digital transformation and its impact on the organization - Management highlighted the importance of cultural adaptation and the willingness of employees to embrace digital transformation as a key factor in the company's future success [92]

Financial Data and Key Metrics Changes - The company achieved record earnings for both the quarter and the year, with core operating income of nearly $3 billion, or $752 per share, up about 22% and 25% respectively [5] - Total company net premiums grew almost 9%, with Property & Casualty (P&C) up 7.7% and life up about 17% [5] - For the full year, operating income was just shy of $10 billion, or $24.79 per share, up about 9% and 11% respectively over the prior year [8] - Per share tangible book value grew 25.7% last year [9] Business Line Data and Key Metrics Changes - P&C underwriting income was $2.2 billion for the quarter, up 40%, with a record low combined ratio of 81.2% [5] - Life division produced $322 million of pre-tax income in the quarter, up just shy of 20% [15] - Adjusted net investment income rose 9% to almost $7 billion for the year [8] Market Data and Key Metrics Changes - International P&C premiums were up 10.8%, with Latin America growing 14.7% and Asia growing 13% [12] - In North America, total P&C premiums were up over 6.5%, with agriculture up over 45% [13] - Premiums in major accounts and specialty grew 3%, with major account business up 0.5% [13] Company Strategy and Development Direction - The company is focused on improving its competitive profile while continuing to invest in growth opportunities across various business lines [15] - The management highlighted the importance of a diversified business model across geography, product, and customer segments [10] - The company is pursuing opportunities in multiple directions to earn adequate risk-adjusted returns [70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to generate strong growth in operating earnings and double-digit growth in EPS and tangible book value for 2026 [15] - The competitive environment in the commercial P&C underwriting market is becoming more competitive, particularly in large account property [11] - Management acknowledged the challenges posed by rising loss costs and inflation in liability insurance [28] Other Important Information - The company returned $1.5 billion of capital to shareholders in the quarter, contributing to a total of $4.9 billion for the year [16] - Pre-tax catastrophe losses were $365 million for the quarter, with full-year losses at $2.9 billion [17] Q&A Session Summary Question: Sustainability of U.S. commercial lines margins in 2026 - Management indicated that while some lines of business may face pricing pressures, they are confident in the combined ratios and underwriting income [24][25] Question: Implications of excess profit laws on personal lines profitability - Management emphasized the importance of measuring personal lines over extended periods and cautioned against politicizing affordability issues [27][28] Question: Growth opportunities in Latin America outside of Mexico - Management highlighted partnerships with local banks for distribution and emphasized growth in consumer insurance [34] Question: Competitive dynamics in Asia - Management noted the challenges of competing in diverse markets and emphasized the importance of establishing local franchises [38] Question: Trends in financial lines and workers' compensation pricing - Management acknowledged the variability in financial lines and noted a strong quarter for workers' compensation, but cautioned against assuming a trend [100] Question: Impact of foreign exchange volatility on operations - Management stated that they do not hedge revenue or income and that currency fluctuations can impact growth [56][60] Question: Digital transformation and its impact on operations - Management discussed ongoing projects aimed at improving operational efficiency and the importance of adapting to digital changes [51][91]

Financial Data and Key Metrics Changes - The company achieved record earnings for both the quarter and the year, with core operating income of nearly $3 billion, or $752 per share, up about 22% and 25% respectively [4] - Total company net premiums grew almost 9%, with P&C up 7.7% and life up about 17% [4] - For the full year, record operating income was just shy of $10 billion, or $24.79 per share, up about 9% and 11% respectively over prior [6] - Per share tangible book value grew 25.7% last year [8] Business Line Data and Key Metrics Changes - P&C underwriting income was $2.2 billion, up 40%, with a record low combined ratio of 81.2% for the quarter [4] - Life division produced $322 million of pre-tax income in the quarter, up just shy of 20% [14] - Adjusted net investment income rose 9% to almost $7 billion for the year [6] Market Data and Key Metrics Changes - Premiums in overseas general were up 10.8%, with global retail premiums up 12.5% [11] - In North America, total P&C premiums were up over 6.5%, with agriculture up over 45% [12] - Premiums in major accounts and specialty grew 3%, with major account business up 0.5% [12] Company Strategy and Development Direction - The company is focused on improving its competitive profile while continuing to invest in growth opportunities across various business lines [14] - The commercial P&C underwriting environment is becoming more competitive, particularly in large account property and E&S [10] - The company is pursuing opportunities in multiple directions to earn adequate risk-adjusted returns [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to generate strong growth in operating earnings and double-digit growth in EPS and tangible book value for 2026 [14] - The company is mindful of the affordability issue in the U.S. and the rising costs of liability and homeowners insurance [22] - Management noted that while the pricing environment is competitive, they are comfortable with the combined ratios being published [20] Other Important Information - The company returned $1.5 billion of capital to shareholders in the quarter, contributing to a total of $4.9 billion for the year [16] - Pre-tax catastrophe losses were $365 million for the quarter, with annual industry CAT losses approaching $129 billion [7][17] - The company expects adjusted net investment income in the first quarter of 2026 to be between $1.81-$1.84 billion [18] Q&A Session Summary Question: Sustainability of U.S. commercial lines margins in 2026 - Management does not provide forward guidance but is confident in the combined ratios and growth in underwriting income contributing to EPS growth [20] Question: Implications of excess profit laws on personal lines profitability - Management highlighted the importance of measuring personal lines over extended periods and cautioned against politicizing affordability issues [22] Question: Growth opportunities in Latin America outside of Mexico - Management discussed partnerships with local banks for distribution of consumer insurance and noted strong growth in consumer businesses across various countries [24][25] Question: Competitive dynamics in Asia - Management emphasized the need for broad capabilities and local franchises to compete effectively in the diverse markets of Asia [26] Question: Trends in financial lines and workers' comp pricing - Management noted that financial lines are diverse and some areas are growing while others are shrinking, with recent positive trends in public D&O pricing [51]

Chubb Limited Investor Presentation December 2025 Chubb Shareholder Value Creation Model Balance sheet1: $90B total capital, AA S&P rated, $166B invested asset; underwriting and investment management capability, strength of loss reserves, earning power, liquidity and cash flow Breadth of capability and diversification globally means opportunity for growth P&C revenue growth and superior underwriting margin = underwriting income growth and reserve strength Investment income: large and growing invested asset, ...

Financial Performance - Chubb reported $15.34 billion in revenue for the quarter ended December 2025, a year-over-year increase of 7.4% [1] - The EPS for the same period was $7.52, compared to $6.02 a year ago, representing a surprise of +13.89% over the consensus estimate of $6.60 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $15.09 billion by +1.7% [1] Key Metrics - The combined ratio was 81.2%, better than the seven-analyst average estimate of 83.6% [4] - The loss and loss expense ratio was 54.3%, compared to the seven-analyst average estimate of 56.3% [4] - Net premiums written for North American Personal P&C Insurance were $1.72 billion, slightly below the average estimate of $1.75 billion, but showed a year-over-year change of +6.1% [4] - Total net premiums written for P&C were $11.31 billion, exceeding the average estimate of $11.05 billion, with a year-over-year increase of +7.7% [4] - Global Reinsurance net premiums written were $217 million, below the average estimate of $235.08 million, reflecting a year-over-year decrease of -3.1% [4] - Overseas General Insurance net premiums written were $3.81 billion, surpassing the average estimate of $3.71 billion, with a year-over-year increase of +10.8% [4] - Net premiums earned for Total P&C were $11.72 billion, exceeding the average estimate of $11.61 billion, representing a +6.2% change year-over-year [4] Stock Performance - Chubb's shares returned -1.3% over the past month, while the Zacks S&P 500 composite increased by +1.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Chubb reported quarterly earnings of $7.52 per share, exceeding the Zacks Consensus Estimate of $6.6 per share, and showing an increase from $6.02 per share a year ago, resulting in an earnings surprise of +13.89% [1] - The company achieved revenues of $15.34 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.70% and up from $14.29 billion year-over-year [2] Earnings Performance - Chubb has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] - The company had an earnings surprise of +26.09% in the previous quarter, where it reported earnings of $7.49 per share against an expected $5.94 [1] Future Outlook - The sustainability of Chubb's stock price movement will depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - Current consensus EPS estimate for the upcoming quarter is $6.51 on revenues of $14.7 billion, and for the current fiscal year, it is $26.15 on revenues of $63.01 billion [7] Industry Context - The Insurance - Property and Casualty industry, to which Chubb belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greifeld taking you through to that closing bell with a global simulcast. Carol Massar and Tim Stenovec join us now.Welcome to our audiences across all of our platforms television, radio, our partnership with YouTube here on a pretty wild Tuesday afternoon. Stocks opened higher. At one point, they saw a huge, huge plunge on the day Carol Massar But paring those losses heading into the close.Yeah, we did see ...

Chubb Limited Financial Supplement for the Quarter and Year Ended December 31, 2025 Investor Contact Susan Spivak: (212) 827-4445 email: investorrelations@chubb.com This report is for informational purposes only. It should be read in conjunction with documents filed by Chubb Limited with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Cautionary Statement Regarding Forward-Looking Statements Any forward-looking statements made ...