CB · 10-Q · 2026Q3 · Full report

North America Personal P&C Growth

Chubb Ltd · 2026-10-28 · Importance 53 · Surprise 48

North America Personal P&C net premiums written increased 5.3% to $1.909 billion in the third quarter and 6.4% to $5.644 billion for the first nine months of 2026. Nine-month net premiums earned rose 8.3% to $5.409 billion, and the nine-month combined ratio improved 27.4 points to 70.3%. The improvement reflected higher favorable prior-period development and lower catastrophe losses, including the comparison with prior-year California wildfire losses. The current-accident-year combined ratio excluding catastrophe losses fell 2.7 points to 70.4% for the first nine months, benefiting from lower underlying homeowners and personal-excess losses, business mix, and expense management.

Key facts

• North America Personal P&C net premiums written increased $95 million, or 5.3 percent, in the third quarter and $340 million, or 6.4 percent, in the first nine months of 2026, driven by new business, retention, positive rate and broad exposure increases. source
• North America Personal P&C net premiums earned increased $105 million, or 6.0 percent, in the third quarter and $413 million, or 8.3 percent, in the first nine months of 2026. source
• North America Personal P&C's current-accident-year combined ratio excluding catastrophe losses decreased in the third quarter and first nine months of 2026 due to improvement in homeowners and personal excess from lower underlying losses. source
• For the nine months ended September 30, 2026, North America Personal P&C's ratio also benefited from a lower acquisition ratio from business mix and a lower administrative ratio due to higher net premiums earned and expense management. source
• North America Personal P&C's three-month P&C combined ratio was 60.3% and its current accident year combined ratio excluding catastrophe losses was 69.9% in 2026. source
• North America Personal P&C's three-month P&C combined ratio was 65.1% and its current accident year combined ratio excluding catastrophe losses was 72.1% in 2025. source
• North America Personal P&C's nine-month P&C combined ratio was 70.3% and its current accident year combined ratio excluding catastrophe losses was 70.4% in 2026. source
• North America Personal P&C's nine-month P&C combined ratio was 97.7% and its current accident year combined ratio excluding catastrophe losses was 73.1% in 2025. source