- Chubb reported a record core operating income of $3 billion in Q3 2025, up 29% year-over-year, supported by broad-based growth across regions and segments.
- The company achieved a record underwriting income of $2.3 billion, a 55% increase from the previous year, with a combined ratio of 81.8%, reflecting disciplined underwriting and favorable loss development.
- Management emphasized the importance of geographic and product diversification, including North America, Asia, Latin America, and Europe, which contributed to the strong results.
- The quarter was characterized by a quiet catastrophe quarter, yet the company remains vigilant about catastrophe risk volatility, citing California wildfires and convective storms as ongoing concerns.
Explore Similar Insights
- Morgan Stanley reported record revenues of $18.2 billion and EPS of $2.80 for Q3 2025, highlighting exceptional financial performance.
- The firm demonstrated a robust return on tangible equity of 23.5%, reflecting strong operating leverage across its business segments.
- Total client assets increased by $1.3 trillion over the past year to reach $8.9 trillion, underscoring the firm's scale and client engagement.
- The firm maintains excess CET1 capital over 300 basis points, indicating significant capital strength and buffer.
- Management emphasized the importance of earnings durability and capital resilience amid geopolitical and economic uncertainties.
- The firm’s strategic focus remains on delivering consistent earnings and capital growth, with ongoing investments in technology and client services.
- 15 acquisitions completed in the quarter with estimated annual revenues of $22 million; 29 acquisitions year-to-date with $60 million annual revenues.
- Adjusted earnings per share grew over 10% to $1.03.
- Adjusted EBITDAC margin improved by 100 basis points to 36.7%.
- Brown & Brown delivered $1.3 billion in revenue for Q2, growing 9.1% total and 3.6% organically versus prior year.
- Cash flow from operations was $537 million, up $164 million over first half of 2024.
- Completed 15 acquisitions in the quarter with estimated annual revenues of $22 million; 29 acquisitions year-to-date with $60 million in annual revenues.
- Dividends paid per share increased 15.4% compared to prior year quarter.
- Generated $537 million cash flow from operations, up $164 million over first half of 2024.
- Programs segment grew 6.1% total revenues with 4.6% organic growth; EBITDAC margin expanded 320 basis points to 52.8%.
- Retail segment revenue grew 7.9% total with 3% organic growth; EBITDAC margin decreased 50 basis points to 27.5% due to seasonality.
- Weighted average shares increased by approximately 10 million due to equity issuance.
- Wholesale Brokerage segment revenues increased 14.5% total and 3.9% organically; EBITDAC margin increased 80 basis points to 34.1%.
- RenaissanceRe has significantly diversified and grown its underwriting portfolio, including constructing its largest net retained property catastrophe portfolio to date.
- 80% of recent premiums in Florida were at private terms above market rates, indicating strategic positioning and premium quality.
- The company is expanding across classes, leveraging scale to secure better-than-market terms, especially in property catastrophe, casualty, and specialty lines.
- RLI reported an 85 combined ratio with underwriting profitability across all segments, despite a challenging market environment.
- The company maintained a disciplined approach in a complex environment marked by increased market volatility and legal system abuse.
- Management emphasized the importance of vigilance, underwriting discipline, and adaptability for long-term success.
- RLI's focus on niche, diversified product portfolios has supported steady growth and profitability in a softening market.
- Book value per share increased 26% year-to-date inclusive of dividends, driven by an 84 combined ratio and double-digit net investment income growth.
- Casualty segment premiums grew 8% with a 98 combined ratio, benefiting from favorable prior year reserve development and improved current accident year loss ratio.
- Expense ratio rose due to higher acquisition costs and investments in technology and personnel.
- Net earnings on a GAAP basis were $1.35 per share, up from $1.03 in Q3 2024.
- Property segment premiums declined 11% but posted a strong 60 combined ratio due to absence of hurricane losses and favorable reserve development.
- Surety premiums declined 3% for the quarter but commercial and transactional surety grew 53% year-to-date.
- Third quarter operating earnings of $0.83 per share, supported by solid underwriting and a 12% increase in investment income.
- Total combined ratio improved to 85.1% from 89.6% last year, reflecting a benign hurricane season.
- Achieved record total new annualized premiums of $120 million, up 17% from the previous year.
- Delivered 12th consecutive quarter of strong sales momentum and 10th consecutive quarter of growth in producing agent compensation.
- Multiple product line sales records and double-digit insurance sales growth in both divisions.
Dafinchi