Chubb Limited (CB) Financial Statements & Historical Data

Chubb Limited (CB) — Price $374.17 (closing price, November 4, 2026) — Financial Services — Insurance - Property & Casualty — NYSE

Latest reported results:

Detailed financial statements for Chubb Limited (CB): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year: ten fiscal years free and up to 20 with Premium.

Chubb Limited, headquartered in Zurich, Switzerland, is a global insurer and reinsurer, offering a broad spectrum of products across various markets. In North America, its Commercial Property & Casualty (P&C) division caters to businesses of all scales, from large corporations to small enterprises, providing a wide range of policies.

Analysis Summary

Chubb Limited reported revenue of $59.78B in the most recent fiscal year, growing at a 5-year CAGR of 10.6%. Net income reached $10.31B, with a 23.9% 5-year CAGR.

Trailing-twelve-month margins: gross margin 42.7%, operating margin 17.1%, net margin 18.0%. Free cash flow grew at 8.2% CAGR over 5 years.

At $374.17 (closing price, November 4, 2026), CB trades at a P/E of 13.03 and an ROE of 15.06%. Market capitalisation stands at $143.0B, placing it among large-cap names.

Balance sheet quality for CB: debt-to-equity ratio of 0.26, current ratio of 1.43 over the last 12 months, net cash position of $24.94B at the end of the last fiscal year. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Cash flow quality is strong: free cash flow of $14.54B represents 141% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.

Income Statement (10y)

Year2016201720182019202020212022202320242025
Revenue$31.48B$32.34B$32.68B$34.23B$36.05B$40.77B$42.98B$50.13B$56.15B$59.78B
Cost of Revenue$22.54B$24.91B$24.57B$25.62B$29.04B$29.44B$32.15B$36.29B$39.98B$42.18B
Gross Profit$8.94B$7.43B$8.11B$8.61B$7.01B$11.33B$10.83B$13.84B$16.17B$17.61B
Research & Development0000000000
Selling, General & Admin$3.08B$2.83B$2.89B$3.03B$2.98B$3.13B$3.40B$4.01B$4.38B$4.50B
Operating Expenses$3.99B$3.71B$3.45B$3.36B$2.85B$1.54B$4.34B$4.31B$4.72B$4.56B
Operating Income$4.95B$3.72B$4.66B$5.25B$4.16B$9.79B$6.49B$9.53B$11.46B$13.04B
EBITDA$7.13B$4.59B$5.64B$6.11B$4.97B$10.57B$7.34B$10.51B$12.52B$14.11B
Interest Expense$605.0M$607.0M$641.0M$552.0M$516.0M$492.0M$570.0M$672.0M$741.0M$764.0M
Pre-tax Income$4.95B$3.72B$4.66B$5.25B$4.16B$9.79B$6.49B$9.53B$11.46B$13.04B
Income Tax$815.0M-$139.0M$695.0M$795.0M$629.0M$1.27B$1.24B$511.0M$1.81B$2.42B
Net Income$4.13B$3.86B$3.96B$4.45B$3.53B$8.53B$5.25B$9.03B$9.27B$10.31B
EPS$8.94$8.26$8.55$9.77$7.82$19.38$12.50$21.97$22.94$25.91
EPS (Diluted)$8.87$8.19$8.49$9.71$7.79$19.27$12.39$21.80$22.70$25.73
Shares Outstanding (Diluted)465.9 M471.2 M466.8 M458.9 M453.4 M443.2 M423.5 M414.2 M411.9 M396.5 M

Income Statement (Quarterly)

Year2025-Q42026-Q12026-Q22026-Q3
Revenue$15.30B$14.76B$15.82B$16.20B
Gross Profit$4.95B$6.84B$7.51B$7.19B
Operating Income$3.77B0$3.63B$3.24B
EBITDA$4.05B$271.0M$3.70B$3.68B
Net Income$3.21B$2.32B$2.88B$2.74B
EPS$8.10$5.88$7.43$7.38
EPS (Diluted)$8.10$5.88$7.43$7.30

Balance Sheet (10y)

Year2001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
Cash & Equivalents$671.4M$663.4M$561.6M$534.0M$512.0M$565.0M$510.0M$867.0M$669.0M$772.0M$614.0M$615.0M$579.0M$655.0M$1.77B$985.0M$728.0M$1.25B$1.54B$1.75B$1.66B$2.01B$2.45B$2.29B$2.27B
Short-term Investments$1.80B$1.88B$2.93B$2.77B$2.30B$2.46B$2.63B$3.35B$1.67B$1.98B$44.27B$49.53B0$51.72B$54.03B000$89.78B$95.04B$96.25B$23.77B$31.34B$36.90B$40.31B
Receivables$14.16B$16.90B$17.11B$18.33B$18.81B$18.16B$3.54B$3.45B$3.67B$4.23B$17.02B$16.47B$16.47B$17.64B$16.90B$22.73B$24.55B$26.27B$25.73B$26.28B$28.90B$31.09B$33.61B$35.65B$37.87B
Inventory0000000000000000000000000
Total Current Assets$16.63B$19.44B$46.84B$22.95B$59.74B$64.40B$69.36B$68.31B$74.05B$56.41B$60.68B$47.92B$579.0M$655.0M$1.77B$985.0M$728.0M$1.25B00000$79.92B$87.03B
Property, Plant & Equipment00-$1.09B-$1.16B-$1.31B-$1.17B-$1.09B-$1.83B-$1.15B-$769.0M-$612.0M000$938.0M$1.20B$1.30B$1.70B0000000
Goodwill$2.77B$2.72B$2.71B$2.61B$2.70B$2.73B$2.73B0000$4.32B$4.60B$4.90B$4.80B$15.33B$15.54B$15.27B$15.30B$15.40B$15.21B$16.23B$19.69B$19.58B$20.21B
Intangible Assets0000000$3.75B$3.93B$4.66B$4.83B$3.17B$3.68B$3.91B$4.18B$11.45B$11.58B$11.37B$6.37B$6.07B$5.69B$9.14B$10.45B$17.96B$19.22B
Total Assets$37.19B$43.45B$49.55B$56.34B$62.44B$67.14B$72.09B$72.06B$77.98B$83.36B$87.50B$92.55B$94.51B$98.25B$102.31B$159.79B$167.02B$167.77B$176.94B$190.77B$200.05B$199.02B$230.68B$246.55B$272.33B
Accounts Payable$2.88B$3.34B$3.42B$5.41B$6.05B$7.45B$2.84B$2.84B$3.29B$3.28B$3.54B$3.47B$3.63B$4.09B$4.27B$5.64B$5.87B$6.44B$6.18B$6.71B$7.24B$7.78B$8.30B$8.12B$8.35B
Short-term Debt$495.4M$145.9M$545.7M$146.0M$300.0M$578.0M$372.0M$471.0M$161.0M$1.30B$1.25B$1.40B$1.90B$2.55B$1.40B$1.90B$2.42B$1.93B$1.30B0$999.0M$475.0M$1.46B$800.0M$1.50B
Total Current Liabilities000$36.18B000$609.0M$272.0M$30.79B$31.74B$1.42B$1.90B$2.55B$4.27B$55.15B$57.72B$56.81B00000$130.21B$140.29B
Long-term Debt$853.6M$499.3M$1.82B$1.85B$1.81B$1.56B$1.81B$2.81B$3.16B$3.36B$3.36B$3.67B$3.81B$3.67B$9.70B$12.92B$11.86B$12.39B$13.56B$14.95B$15.17B$14.40B$13.04B$14.80B$16.15B
Total Liabilities$31.08B$37.06B$40.72B$45.80B$50.63B$52.86B$55.41B$57.61B$58.31B$46.58B$50.43B$52.38B$53.76B$55.87B$61.41B$99.51B$99.31B$100.16B$121.61B$131.33B$140.34B$148.50B$166.99B$178.15B$192.55B
Retained Earnings$2.32B$2.20B$3.38B$4.24B$4.96B$6.91B$9.08B$74.0M$2.82B$5.93B$7.51B$10.03B$13.79B$16.64B$19.48B$23.61B$27.47B$31.70B$36.14B$39.34B$47.37B$48.30B$54.81B$61.56B$69.95B
Total Equity$6.01B$6.27B$8.83B$9.84B$11.81B$14.28B$16.68B$14.45B$19.67B$22.97B$24.52B$27.53B$28.82B$29.59B$29.14B$48.27B$51.17B$50.31B$55.33B$59.44B$59.71B$50.52B$59.51B$64.02B$73.76B
Total Debt$1.35B$1.75B$2.37B$2.00B$2.11B$2.14B$2.18B$3.28B$3.32B$4.66B$4.61B$4.76B$5.71B$6.22B$11.10B$14.82B$12.57B$14.32B$14.86B$14.95B$16.17B$14.88B$14.49B$15.60B$17.65B
Net Debt-$1.12B-$799.1M-$1.12B-$1.31B-$700.0M-$883.0M-$958.0M-$940.0M$983.0M$1.90B-$40.27B-$45.39B$5.13B-$46.15B-$44.71B$13.84B$11.84B$13.07B-$76.46B-$81.84B-$81.75B-$10.91B-$19.29B-$23.59B-$24.94B
Working Capital$16.63B$19.44B$46.84B-$13.23B$59.74B$64.40B$69.36B$67.70B$73.78B$25.62B$28.93B$46.50B-$1.32B-$1.90B-$2.50B-$54.16B-$56.99B-$55.56B00000-$50.28B-$53.26B

Balance Sheet (Quarterly)

Year2025-Q42026-Q12026-Q22026-Q3
Cash & Equivalents$2.27B$2.43B$2.75B$3.01B
Total Assets$272.33B$275.46B$281.32B$283.51B
Total Liabilities$192.55B$195.54B$200.48B$205.00B
Total Equity$73.76B$73.79B$75.37B$73.23B
Total Debt$17.65B$17.89B$18.11B$19.09B

Cash Flow (10y)

Year2001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
Net Income-$146.4M$76.5M$1.42B$1.15B$1.03B$2.31B$2.58B$1.20B$2.55B$3.11B$1.54B$2.71B$3.76B$2.85B$2.83B$4.13B$3.86B$3.96B$4.45B$3.53B$8.53B$5.25B$9.02B$9.64B$10.31B
Depreciation & Amortization$77.6M$40.2M$92.0M$107.0M$90.0M$10.0M-$6.0M000$29.0M$51.0M$95.0M0$171.0M$1.58B$260.0M$339.0M$305.0M$290.0M$287.0M$285.0M$310.0M$323.0M$301.0M
Stock-based Compensation0000000000000000000000000
Change in Working Capital-$241.0M$2.36B$235.0M$4.18B-$1.23B$622.0M$2.04B$1.60B$771.0M$437.0M$607.0M$819.0M$48.0M$654.0M$26.0M-$1.69B$199.0M$270.0M$717.0M$5.69B$2.32B$3.43B$2.26B$5.78B$4.11B
Operating Cash Flow$1.35B$2.42B$4.22B$4.94B$4.31B$4.11B$4.70B$4.10B$3.33B$3.55B$3.47B$4.00B$4.02B$4.50B$3.86B$5.29B$4.50B$5.48B$6.34B$9.79B$11.15B$11.26B$12.63B$16.18B$14.54B
Capital Expenditure0000000000000000000000000
Acquisitions000$959.0M$7.0M00-$2.52B0-$1.14B-$606.0M-$98.0M-$977.0M-$766.0M$264.0M-$14.80B-$648.0M-$1.34B-$1.92B-$3.55B-$3.65B-$7.82B-$2.08B-$1.58B-$289.0M
Stock Repurchased-$179.4M000000-$575.0M0-$235.0M-$195.0M-$11.0M-$287.0M-$1.43B-$758.0M0-$801.0M-$1.04B-$1.53B-$523.0M-$4.86B-$2.89B-$2.41B-$1.80B-$3.69B
Dividends Paid-$154.4M-$193.1M-$231.0M-$271.0M-$298.0M-$357.0M-$386.0M-$386.0M-$388.0M-$435.0M-$459.0M-$815.0M-$517.0M-$862.0M-$862.0M-$1.17B-$1.31B-$1.34B-$1.35B-$1.39B-$1.40B-$1.38B-$1.39B-$1.44B-$1.50B
Free Cash Flow$1.35B$2.42B$4.22B$4.94B$4.31B$4.11B$4.70B$4.10B$3.33B$3.55B$3.47B$4.00B$4.02B$4.50B$3.86B$5.29B$4.50B$5.48B$6.34B$9.79B$11.15B$11.26B$12.63B$16.18B$14.54B

Cash Flow (Quarterly)

Year2025-Q42026-Q12026-Q22026-Q3
Operating Cash Flow$4.76B$3.95B$3.73B$6.07B
Capital Expenditure0000
Free Cash Flow$4.76B$3.95B$3.73B$6.07B
Dividends Paid-$384.0M-$380.0M-$379.0M-$398.0M
Stock-based Compensation000$252.0M

Growth & Margins (10y)

Year2016201720182019202020212022202320242025
Revenue Growth (YoY)+2.7%+1.0%+4.7%+5.3%+13.1%+5.4%+16.7%+12.0%+6.5%
Net Income Growth (YoY)-6.6%+2.6%+12.4%-20.7%+141.3%-38.5%+72.1%+2.7%+11.2%
EPS Growth (YoY)-7.6%+3.5%+14.3%-20.0%+147.8%-35.5%+75.8%+4.4%+12.9%
Shares Change (YoY)+1.1%-0.9%-1.7%-1.2%-2.3%-4.4%-2.2%-0.6%-3.7%
FCF Growth (YoY)+79.2%+74.2%+16.9%-12.8%-4.7%+14.5%-12.8%-18.7%+6.3%-2.1%+15.1%+0.7%+11.8%-14.1%+37.0%-14.9%+21.7%+15.7%+54.3%+14.0%+1.0%+12.2%+28.1%-10.2%
Gross Margin28.4%23.0%24.8%25.1%19.4%27.8%25.2%27.6%28.8%29.4%
Operating Margin15.7%11.5%14.3%15.3%11.5%24.0%15.1%19.0%20.4%21.8%
EBITDA Margin22.7%14.2%17.2%17.8%13.8%25.9%17.1%21.0%22.3%23.6%
Net Margin13.1%11.9%12.1%13.0%9.8%20.9%12.2%18.0%16.5%17.2%
FCF Margin16.8%13.9%16.8%18.5%27.1%27.4%26.2%25.2%28.8%24.3%
Effective Tax Rate16.5%-3.7%14.9%15.1%15.1%13.0%19.1%5.4%15.8%18.6%

Per-Share Data (10y)

Year2016201720182019202020212022202320242025
FCF Per Share$11.36$9.56$11.74$13.82$21.58$25.16$26.58$30.50$39.29$36.66
Dividends Per Share$2.52$2.78$2.86$2.95$3.06$3.16$3.25$3.37$3.49$3.80
Shares Outstanding (Basic)462.5 M467.1 M463.6 M455.9 M451.6 M440.0 M419.8 M410.8 M408.5 M396.5 M

What to look at in Insurance

Insurers earn in 2 ways: underwriting well (combined ratio) and investing the float. Buffett built Berkshire that way.

Profitability

Return on Equity15.06%
Return on Assets3.93%
Gross Margin42.69%
Operating Margin17.14%
Net Margin17.96%

Financial Health

Debt / Equity0.26
Piotroski F-Score9

Key Ratios (10y)

Year2001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
P/E-57.36101.177.8310.8215.908.637.9314.826.686.8015.4110.039.3913.5213.4214.7817.6915.1115.9319.689.9717.6510.2912.0412.05
P/B1.401.321.291.271.381.391.221.200.860.920.970.991.221.301.311.271.331.191.281.171.421.831.561.761.68
P/S1.241.161.071.011.251.491.441.271.131.321.411.511.832.012.011.942.111.832.071.932.092.151.852.012.07
Gross Margin18.8%16.7%28.4%23.5%20.7%33.2%34.4%25.6%34.5%35.8%26.2%29.8%35.0%30.9%31.6%28.4%23.0%24.8%25.1%19.4%27.8%25.2%27.6%28.8%29.4%
Operating Margin3.6%0.7%74.8%11.7%9.9%21.2%22.3%11.5%20.4%22.9%12.2%16.6%22.0%18.2%17.4%15.7%11.5%14.3%15.3%11.5%24.0%15.1%19.0%20.4%21.8%
Net Margin-2.7%1.1%13.9%9.4%7.9%17.3%18.2%8.8%16.9%19.4%9.2%15.1%19.5%14.9%14.9%13.1%11.9%12.1%13.0%9.8%20.9%12.2%18.0%16.5%17.2%

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Explore sector: Financial Services · Insurance - Property & Casualty

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