CB · 8-K · 20261020PR426866
Net Investment Income Trends
Chubb Ltd · 2026-10-20 · Importance 32 · Surprise 32 · No source text
Pre-tax net investment income increased 8.6% year over year to a record $1.79 billion, while adjusted net investment income increased 6.3% to a record $1.89 billion. Quarterly adjusted investment income included $97 million from partially owned private-equity partnerships, compared with $127 million in the prior-year quarter. Management attributed the investment-income increase to rising interest rates and fixed-income investment conditions. Net realized investment losses were $455 million in the quarter, compared with net realized gains of $283 million in the prior year.
Key facts
- Net investment income for the three months ended September 30, 2026 was $1,791 million versus $1,648 million in Q3 2025. source
- Pre-tax net investment income for the quarter was $1.79 billion, up 8.6%. source
- Adjusted net investment income for the quarter was $1.89 billion, up 6.3%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +0.9% | Net investment income for the three months ended September 30, 2026 was $1,791 million versus $1,648 million in Q3 2025. |
| operating_income | positive | realized | +0.7% | Adjusted net investment income for the quarter was $1.89 billion, up 6.3%. |