Chubb Posts Lower 2Q Profit Amid Softer Property Insurance Underwriting Conditions
By Grace Yoon
Chubb reported lower profit in its second quarter, as soft underwriting conditions persist in certain areas of property insurance globally.
The insurance company reported net income of $2.85 billion, or $7.30 a share, compared with $2.97 billion, or $7.35 a share, in the same quarter a year before.
Core operating income per share, which excludes certain items including adjusted net realized gains and market risk benefits gains, was $7.26. Analysts polled by FactSet expected $6.78 a share.
Net premiums rose to $14.71 billion, up from $14.20 billion a year prior.
Property and casualty net premiums rose 3% to $12.77 billion.
Life insurance net premiums rose 7.5% to $1.94 billion.
Chief Executive Evan Greenberg said that there are overly soft underwriting conditions in areas of property insurance globally, but Chubb was well diversified and the majority of its businesses are growing. He added that softer market conditions are spreading to certain areas of casualty and financial lines also remain soft.
Write to Grace Yoon at grace.yoon@wsj.com
(END) Dow Jones Newswires
July 21, 2026 16:55 ET (20:55 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States