CB · Earnings call · 2026Q3T · Full report

Guidance / Outlook

Chubb Ltd · 2026-10-20 · Importance 60 · Surprise 58 · In source text

Excluding catastrophe losses and foreign exchange, the CEO expressed confidence in Chubb’s medium-term ability to outperform and generate strong growth in operating earnings and EPS. He also expects double-digit growth in tangible book value. Separately, management expects North America Commercial growth to improve materially in future quarters as the effects of underwriting actions diminish and opportunities, particularly in middle and small commercial, increase.

Key facts

• Chubb said it expected strong growth in operating earnings and EPS over the medium term, and double-digit growth in tangible book value, excluding catastrophes and foreign exchange.
• Chubb expected North America Commercial growth to improve materially in future quarters.
• Chubb’s management said the negative growth impact of its actions would diminish while the impact of opportunity areas, particularly middle and small commercial, would increase.
• Chubb said its high-net-worth business depended on bespoke coverage, service, agent relationships and long-term clients rather than internet purchasing, and management expected its results to remain steady with some variability.
• Chubb’s CFO said the company was not providing specific adjusted net investment income guidance, but expected the fixed-income component to continue growing.
• Chubb’s management declined to provide margin guidance but said it felt very good about its margins and their sustainability.

Impact estimates