CB · 10-Q · 2026Q3 · Full report

Catastrophe Losses and Reserves

Chubb Ltd · 2026-10-28 · Importance 51 · Surprise 64 · Matches filing data

Third-quarter 2026 pre-tax catastrophe losses were $705 million, compared with $285 million in the prior-year quarter; nine-month 2026 losses were $1.680 billion, versus $2.556 billion in 2025. Third-quarter catastrophe losses included $445 million in North America P&C Insurance and $249 million in Overseas General Insurance. Nine-month 2026 catastrophe losses were $1.3 billion in North America P&C and $338 million in Overseas General, compared with $2.1 billion and $349 million, respectively, in 2025. Nine-month favorable prior-period development was $1.3 billion in active companies, while the corporate run-off portfolio had $224 million of adverse development, primarily from environmental and molestation-related claims.

Key facts

• Chubb's total pre-tax catastrophe losses for the third quarter of 2026 were $705 million, versus $285 million in the prior year. source
• Chubb's active companies recorded $562 million of pre-tax net favorable prior-period development in the third quarter of 2026: $575 million favorable in short-tail lines and $13 million unfavorable in long-tail lines. source
• Chubb's active companies recorded $1.3 billion of pre-tax net favorable prior-period development for the nine months ended September 30, 2026, including $1.29 billion favorable in short-tail lines and $14 million favorable in long-tail lines. source
• Chubb renewed its Global Property Catastrophe Reinsurance Program effective April 1, 2026, through March 31, 2027. source
• Chubb's corporate run-off portfolio had $224 million of adverse development for the nine months ended September 30, 2026, primarily from environmental and molestation-related claims. source
• Chubb's modeled worldwide net pre-tax catastrophe PML for a 1-in-100 return period was $5,458 million, or 7.5% of shareholders' equity, at September 30, 2026. source
• Chubb's modeled U.S. hurricane net pre-tax catastrophe PML for a 1-in-100 return period was $3,601 million, or 4.9% of shareholders' equity, at September 30, 2026. source
• Chubb's net unpaid losses and loss expenses were $72,910 million at September 30, 2026, compared with $69,672 million at December 31, 2025. source

Impact estimates