CB · 8-K · 20260721PR310312

Income Tax Rate Changes

Chubb Ltd · 2026-07-21 · Importance 47 · Surprise 38

Income tax expense increased to $742 million in the second quarter of 2026 from $717 million despite Chubb net income declining to $2.854 billion from $2.968 billion. For the first six months, income tax expense increased 33.7% to $1.388 billion from $1.038 billion, while consolidated net income increased 20.4% to $5.229 billion. The six-month tax expense related to core operating income was $1.32 billion in 2026 versus $937 million in 2025. Amortization of the deferred tax asset from Bermuda law was $33 million after tax in the quarter and $64 million for the first six months, up 16.4% year over year for the six-month period.

Key facts

• Amortization of deferred tax asset from Bermuda law in Q2 2026 was $33 million (net of tax impact $0.08 per share). source