CB · 10-Q · 2026Q3 · Full report
Cash Flow and Liquidity
Chubb Ltd · 2026-10-28 · Importance 69 · Surprise 64 · From source text
Net cash provided by operating activities increased to $13.748 billion for the nine months ended September 30, 2026, from $8.756 billion in the prior-year period, primarily due to higher net premiums collected, lower net losses paid, and higher net investment income collected. Cash used in investing was $9.895 billion, including higher net purchases of fixed maturities and short-term investments of $1.9 billion, partly offset by $1.3 billion lower net private-equity contributions. Cash used in financing was $3.390 billion, reflecting higher share repurchases, net repayments of repurchase agreements, and net repayments of debt. At September 30, 2026, Chubb had $3.2 billion of repurchase agreements outstanding, no commercial-paper borrowings, and $980 million of letter-of-credit borrowings under credit facilities.
Key facts
- Net cash provided by operating activities was $13,748 million for the nine months ended September 30, 2026, compared with $8,756 million in the prior-year period. source
- Net cash used for investing activities was $9,895 million for the nine months ended September 30, 2026, compared with $8,928 million in the prior-year period. source
- Net cash used for financing activities was $3,390 million for the nine months ended September 30, 2026, compared with $189 million in the prior-year period. source
- Operating cash flow increased $5.0 billion, primarily due to higher net premiums collected, lower net losses paid, and higher net investment income collected. source
- Cash used in investing increased $1.0 billion, primarily due to $1.9 billion of higher net purchases of fixed maturities and short-term investments and $307 million of higher net cash used for derivative settlements. source
- Cash used in financing increased $3.2 billion, reflecting higher share repurchases of $753 million, higher net repayment of repurchase agreements of $835 million, and higher net debt repayment of $215 million. source
- Chubb INA is expected to fully redeem Chubb Limited's ownership interest in Chubb INA by the end of 2027. source
- Lower net private-equity contributions of $1.3 billion partly offset the increase in cash used in investing. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +2.1% | Chubb generated operating cash flow of $6.1 billion in the third quarter of 2026. |
| cash | positive | realized | +1.8% | Net cash provided by operating activities was $13,748 million for the nine months ended September 30, 2026, compared with $8,756 million… |
| cash | negative | realized | -1.1% | Net cash used for financing activities was $3,390 million for the nine months ended September 30, 2026, compared with $189 million in the… |
| cash | positive | realized | +0.4% | Chubb received $1,260 million in dividends from Chubb INA and subsidiaries during the nine months ended September 30, 2026. |
| cash | negative | realized | -0.3% | Net cash used for investing activities was $9,895 million for the nine months ended September 30, 2026, compared with $8,928 million in… |
| cash | positive | probable | — | Chubb INA is expected to fully redeem Chubb Limited's ownership interest in Chubb INA by the end of 2027. |