← Filings of CB
Tables in the 10-K of Chubb Ltd
229 tables with numbers, filed Feb 27, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “(Registrant’s telephone number, including area code)”
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| Securities registered pursuant to Section 12(b) of the Act: | | |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Shares, par value CHF 0.50 per share | CB | New York Stock Exchange |
| Guarantee of Chubb INA Holdings LLC 0.875% Senior Notes due 2027 | CB/27 | New York Stock Exchange |
| Guarantee of Chubb INA Holdings LLC 1.55% Senior Notes due 2028 | CB/28 | New York Stock Exchange |
| Guarantee of Chubb INA Holdings LLC 0.875% Senior Notes due 2029 | CB/29A | New York Stock Exchange |
| Guarantee of Chubb INA Holdings LLC 1.40% Senior Notes due 2031 | CB/31 | New York Stock Exchange |
| Guarantee of Chubb INA Holdings LLC 2.50% Senior Notes due 2038 | CB/38A | New York Stock Exchange |
Table 2 after “CHUBB LIMITED INDEX TO FORM 10-K”
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| PART I | | Page |
| ITEM 1. | Business | 2 |
| ITEM 1A. | Risk Factors | 19 |
| ITEM 1B. | Unresolved Staff Comments | 31 |
| ITEM 1C. | Cybersecurity and Risk Governance | 31 |
| ITEM 2. | Properties | 33 |
| ITEM 3. | Legal Proceedings | 33 |
| ITEM 4. | Mine Safety Disclosures | 33 |
First 8 of 29 rows. The CSV has all of them.
Table 3 after “The following sets forth information regarding our executive officers as of February 27, 2026:”
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| Name | Age | Positions |
| Evan G. Greenberg | 71 | Director (August 2002 to present), Chairman of the Board (May 2007 to present), and Chief Executive Officer of Chubb Limited (May 2004 to present). |
| Timothy A. Boroughs | 76 | Vice Chairman, Chubb Group, and Executive Vice Chairman, Asset Management (May 2025 to present); Chief Investment Officer of Chubb Group (2000 to May 2025); Executive Vice President (EVP) of Chubb Group (2014 to May 2025). |
| Peter C. Enns | 60 | EVP and Chief Financial Officer of Chubb Limited (July 2021 to present); Joined Chubb in April 2021; held several management positions at HSBC (2018 to 2020), finishing as Global Co‑Head of Investment Banking Coverage; previously held several senior positions at Goldman Sachs (1996 to 2017), including Chairman and Chief Executive Officer of Goldman Sachs Canada and Partner in the U.S. Financial Institutions Group. |
| Bryce L. Johns | 50 | Senior Vice President (SVP), Chubb Group and President, Chubb Life (April 2022 to present); Group General Manager and Global Chief Executive Officer of HSBC Life and Insurance Partnerships (August 2016 to December 2021). |
| John W. Keogh | 61 | President (December 2020 to present) and Chief Operating Officer (July 2011 to present) of Chubb Limited; Vice Chairman (2010 to 2015) and Executive Vice Chairman (2015 to December 2020) of Chubb Limited; Chairman, Insurance – Overseas General, Chubb (2006 to 2010). |
| Paul McNamee | 50 | EVP, Chubb Group and President, Overseas General Insurance (July 2024 to present); SVP, Chubb Group and Regional President, Asia Pacific (July 2016 to July 2024); employed by Chubb since 1995. |
| Frances D. O'Brien | 67 | EVP, Chubb Group and Chief Risk Officer of Chubb Limited (April 2023 to present); SVP and Deputy Chief Risk Officer, Chubb (January 2022 to March 2023); Division President, North America Personal Risk Services, Chubb (2016 to 2021); SVP, Chief Risk Officer of The Chubb Corporation at the time of its acquisition by Chubb Limited (2016). |
First 8 of 10 rows. The CSV has all of them.
Table 4 after “Issuer's Repurchases of Equity Securities for the Three Months Ended December 31, 2025”
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| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | | Total Number of Shares Purchased as Part of Publicly Announced Plan (2) | Approximate Dollar Value of Shares that May Yet be Purchased Under the Plan (3) | | |
| October 1 through October 31 | 1,542,738 | | $272.04 | | 1,540,000 | $3.35 | billion |
| November 1 through November 30 | 1,201,994 | | $282.08 | | 1,200,831 | $3.00 | billion |
| December 1 through December 31 | 1,126,112 | | $298.89 | | 1,123,919 | $2.66 | billion |
| Total | 3,870,844 | | $282.97 | | 3,864,750 | | |
Table 5 after “Set forth below is a line graph comparing the dollar change in the cumulative total shareholder return on Chubb's Common Shares from Decembe”
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| 12/31/2020 | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
| Chubb Limited | $100 | $128 | $148 | $155 | $191 | $219 |
| S&P 500 Index | $100 | $129 | $105 | $133 | $166 | $196 |
| S&P 500 P&C Index | $100 | $119 | $142 | $157 | $213 | $234 |
Table 6 after “All comparisons in this discussion are to the prior year unless otherwise indicated. All dollar amounts are rounded. However, percent change”
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| MD&A Index | Page |
| Forward-Looking Statements | 37 |
| Critical Accounting Estimates | 39 |
| Consolidated Operating Results | 49 |
| Segment Operating Results | 52 |
| Effective Income Tax Rate | 61 |
| Net Realized and Unrealized Gains (Losses) | 62 |
| Non-GAAP Reconciliation | 63 |
First 8 of 22 rows. The CSV has all of them.
Table 7 after “The following table presents a roll-forward of our unpaid losses and loss expenses:”
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| December 31, 2025 | December 31, 2024 | | | | | | | | |
| (in millions of U.S. dollars) | Gross Losses | Reinsurance Recoverable (1) | | Net Losses | Gross Losses | Reinsurance Recoverable (1) | | Net Losses | | |
| Balance, beginning of year | $84,004 | | $17,734 | | $66,270 | | $80,122 | | $17,884 | $62,238 |
| Losses and loss expenses incurred | 33,310 | | 6,610 | | 26,700 | | 32,534 | | 6,512 | 26,022 |
| Losses and loss expenses paid | (30,575) | | (6,282) | | (24,293) | | (27,970) | | (6,467) | (21,503) |
| Other (including foreign exchange translation) | 1,279 | | 284 | | 995 | | (682) | | (195) | (487) |
| Balance, end of year | $88,018 | | $18,346 | | $69,672 | | $84,004 | | $17,734 | $66,270 |
Table 8 after “The following table shows the increase or (decrease) of the FPBL as a result of changes in various best estimate assumptions:”
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| Liability for Future Policy Benefits | | Life Insurance | | | | | | | |
| (in millions of U.S. dollars) | | Term Life | Whole Life | | A&H | Other | Total | | |
| Discount rate | | | | | | | | | |
| +100 basis points | (increase)/decrease in OCI | $(39) | | $(2,336) | | $(322) | | $(152) | $(2,849) |
| - 100 basis points | (increase)/decrease in OCI | 39 | | 2,336 | | 322 | | 152 | 2,849 |
| Mortality | | | | | | | | | |
| +10% | (increase)/decrease in net income | 29 | | 60 | | (1) | | — | 88 |
| - 10% | (increase)/decrease in net income | (26) | | (64) | | 1 | | — | (89) |
First 8 of 14 rows. The CSV has all of them.
Table 9 after “The following table summarizes reinsurance recoverables and the valuation allowance for uncollectible reinsurance for each type of recoverab”
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| Gross Reinsurance Recoverable on Losses and Loss Expenses | Recoverables (net of Usable Collateral) | | |
| | Valuation allowance for Uncollectible Reinsurance (1) | | |
| (in millions of U.S. dollars) | | | | |
| Type | | | | |
| Reinsurers with credit ratings | $16,801 | | $15,190 | $192 |
| Reinsurers not rated | 287 | | 226 | 25 |
| Reinsurers under supervision and insolvent reinsurers | 123 | | 122 | 48 |
| Captives | 2,567 | | 492 | 13 |
First 8 of 10 rows. The CSV has all of them.
Table 10 after “Consolidated Operating Results – Years Ended December 31, 2025, 2024, and 2023”
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| | | | % Change | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | 2024 | | 2023 | 2025 vs. 2024 | 2024 vs. 2023 | | |
| Net premiums written | $54,842 | | $51,468 | | $47,361 | | 6.6% | 8.7% |
| Net premiums written - constant dollars (1) | | | | | 7.0% | | 9.2% | |
| Net premiums earned | 53,014 | | 49,846 | | 45,712 | | 6.4% | 9.0% |
| Net investment income | 6,465 | | 5,930 | | 4,937 | | 9.0% | 20.1% |
| Net realized gains (losses) | 211 | | 117 | | (607) | | 79.5% | NM |
| Market risk benefits gains (losses) | (288) | | (140) | | (307) | | 105.3% | (54.3)% |
First 8 of 23 rows. The CSV has all of them.
| Net Premiums Written | | | % Change | | | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | 2024 | | 2023 | 2025 vs. 2024 | 2024 vs. 2023 | | C$ 2025 vs. 2024 | |
| Property and other short-tail lines | $9,866 | $9,543 | | $8,414 | 3.4% | | 13.4% | | 3.6% |
| Commercial casualty | 9,691 | 9,166 | | 8,291 | 5.7% | | 10.5% | | 5.7% |
| Financial lines | 5,098 | 4,907 | | 5,069 | 3.9% | | (3.2)% | | 3.9% |
| Workers' compensation | 2,252 | 2,238 | | 2,239 | 0.6% | | — | | 0.6% |
| Commercial multiple peril (1) | 1,787 | 1,631 | | 1,492 | 9.6% | | 9.3% | | 9.6% |
| Surety | 839 | 785 | | 691 | 6.8% | | 13.8% | | 8.8% |
First 8 of 19 rows. The CSV has all of them.
Table 12 after “Refer to the Non-GAAP Reconciliation section for further information on reinstatement premiums on catastrophe losses and adjustments to prio”
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| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Net catastrophe losses | $2,921 | | $2,387 | | $1,828 |
| Favorable prior period development | $1,133 | | $856 | | $773 |
Table 13 after “In evaluating our segments excluding Life Insurance financial performance, we use the P&C combined ratio, the loss and loss expense ratio, t”
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| 2025 | 2024 | | 2023 | |
| Combined ratio: | | | | | |
| Loss and loss expense ratio | 59.1% | | 60.4% | | 60.6% |
| Policy acquisition cost ratio | 18.6% | | 18.1% | | 17.8% |
| Administrative expense ratio | 8.0% | | 8.1% | | 8.1% |
| P&C Combined ratio | 85.7% | | 86.6% | | 86.5% |
| Catastrophe losses | (6.3)% | | (5.5)% | | (4.5)% |
| Prior period development | 2.5% | | 2.0% | | 1.9% |
First 8 of 9 rows. The CSV has all of them.
Table 14 after “The North America Commercial P&C Insurance segment comprises operations that provide P&C insurance and services to large, middle market, and”
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| | | % Change | | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | 2024 | 2023 | 2025 vs. 2024 | 2024 vs. 2023 | | | |
| Net premiums written | $21,280 | $20,589 | $19,237 | 3.4% | | 7.0% | | |
| Net premiums earned | 20,381 | 20,008 | 18,416 | 1.9% | | 8.6% | | |
| Losses and loss expenses | 12,313 | 12,737 | 11,256 | (3.3)% | | 13.2% | | |
| Policy acquisition costs | 2,891 | 2,718 | 2,515 | 6.4% | | 8.1% | | |
| Administrative expenses | 1,394 | 1,337 | 1,250 | 4.3% | | 7.0% | | |
| Underwriting income | 3,783 | 3,216 | 3,395 | 17.6% | | (5.3)% | | |
First 8 of 20 rows. The CSV has all of them.
Table 15 after “The following table provides the net premiums written by Major Accounts & Specialty, comprising large corporate accounts and wholesale busin”
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| Production by Size - Net premiums written | | | % Change | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | 2024 | 2023 | 2025 vs. 2024 | 2024 vs. 2023 | |
| Major Accounts & Specialty | $12,691 | $12,514 | $11,653 | 1.4% | | 7.4% |
| Commercial | 8,589 | 8,075 | 7,584 | 6.4% | | 6.5% |
| Total | $21,280 | $20,589 | $19,237 | 3.4% | | 7.0% |
Table 16 after “Net Catastrophe Losses and Prior Period Development”
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| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Net catastrophe losses | $584 | | $1,103 | | $710 |
| Favorable prior period development | $421 | | $428 | | $494 |
Table 17 after “The North America Personal P&C Insurance segment comprises operations that provide high net worth personal lines products, including homeown”
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| | | % Change | | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | 2024 | 2023 | 2025 vs. 2024 | 2024 vs. 2023 | | | |
| Net premiums written | $7,024 | $6,532 | $5,878 | 7.5% | | 11.1% | | |
| Net premiums earned | 6,763 | 6,188 | 5,536 | 9.3% | | 11.8% | | |
| Losses and loss expenses | 4,517 | 3,584 | 3,511 | 26.0% | | 2.1% | | |
| Policy acquisition costs | 1,337 | 1,239 | 1,128 | 7.8% | | 9.9% | | |
| Administrative expenses | 336 | 351 | 329 | (4.2)% | | 6.7% | | |
| Underwriting income | 573 | 1,014 | 568 | (43.4)% | | 78.5% | | |
First 8 of 20 rows. The CSV has all of them.
Table 18 after “Net Catastrophe Losses and Prior Period Development”
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| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Net catastrophe losses | $1,721 | | $622 | | $669 |
| Favorable prior period development | $403 | | $305 | | $134 |
Table 19 after “The North America Agricultural Insurance segment comprises our North American based businesses that provide a variety of coverages in the U.”
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| | | % Change | | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | 2024 | 2023 | 2025 vs. 2024 | 2024 vs. 2023 | | | |
| Net premiums written | $2,926 | $2,703 | $3,188 | 8.2% | | (15.2)% | | |
| Net premiums earned | 2,919 | 2,705 | 3,169 | 7.9% | | (14.6)% | | |
| Losses and loss expenses | 2,239 | 2,170 | 2,874 | 3.2% | | (24.5)% | | |
| Policy acquisition costs | 169 | 191 | 150 | (11.4)% | | 27.3% | | |
| Administrative expenses | (6) | (10) | (1) | (29.6)% | | NM | | |
| Underwriting income | 517 | 354 | 146 | 46.0% | | 143.3% | | |
First 8 of 20 rows. The CSV has all of them.
Table 20 after “Net catastrophe Losses and Prior Period Development”
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| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Net catastrophe losses | $24 | | $60 | | $39 |
| Favorable prior period development | $121 | | $104 | | $18 |
Table 21 after “Overseas General Insurance segment comprises Chubb International and Chubb Global Markets (CGM). Chubb International comprises our internati”
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| | | % Change | | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | 2024 | 2023 | 2025 vs. 2024 | 2024 vs. 2023 | | | |
| Net premiums written | $15,024 | $13,972 | $12,575 | 7.5% | | 11.1% | | |
| Net premiums written - constant dollars | | | 8.0% | 11.8% | | | | |
| Net premiums earned | 14,374 | 13,400 | 12,231 | 7.3% | | 9.6% | | |
| Losses and loss expenses | 6,589 | 6,414 | 5,643 | 2.7% | | 13.7% | | |
| Policy benefits | 470 | 408 | 457 | 15.4% | | (10.9)% | | |
| Policy acquisition costs | 3,724 | 3,410 | 3,113 | 9.2% | | 9.5% | | |
First 8 of 23 rows. The CSV has all of them.
Table 22 after “Net Catastrophe Losses and Prior Period Development”
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| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Net catastrophe losses | $505 | | $459 | | $403 |
| Favorable prior period development | $471 | | $290 | | $376 |
| Net Premiums Written by Region | | | | | | | % Change | | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | | 2024 | | 2023 | C$ 2024 | | 2025 vs. 2024 | | C$ 2025 vs. 2024 | 2024 vs. 2023 | |
| Region | | | | | | | | | | | | |
| Europe, Middle East, and Africa | $6,491 | | $6,132 | | $5,713 | $6,221 | | | 5.9% | | 4.3% | 7.3% |
| Asia (1) | 5,337 | | 4,822 | | 4,072 | 4,797 | | | 10.7% | | 11.3% | 18.4% |
| Latin America | 3,059 | | 2,876 | | 2,653 | 2,749 | | | 6.3% | | 11.3% | 8.4% |
| Other (2) | 137 | | 142 | | 137 | 143 | | | (3.4)% | | (3.7)% | 4.2% |
| Net premiums written | $15,024 | | $13,972 | | $12,575 | $13,910 | | | 7.5% | | 8.0% | 11.1% |
First 8 of 14 rows. The CSV has all of them.
Table 24 after “The Global Reinsurance segment represents our reinsurance operations comprising Chubb Tempest Re Bermuda, Chubb Tempest Re USA, Chubb Tempes”
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| | | % Change | | | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | 2024 | | 2023 | 2025 vs. 2024 | 2024 vs. 2023 | | | |
| Net premiums written | $1,309 | $1,346 | | $1,018 | (2.8)% | | 32.2% | | |
| Net premiums written - constant dollars | | | | (3.0)% | 32.2% | | | | |
| Net premiums earned | 1,353 | 1,272 | | 962 | 6.4% | | 32.2% | | |
| Losses and loss expenses | 640 | 711 | | 426 | (10.0)% | | 66.9% | | |
| Policy acquisition costs | 396 | 342 | | 264 | 15.8% | | 29.7% | | |
| Administrative expenses | 37 | 39 | | 37 | (6.3)% | | 7.5% | | |
First 8 of 20 rows. The CSV has all of them.
Table 25 after “Net Catastrophe Losses and Prior Period Development”
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| (in millions of U.S dollars) | 2025 | 2024 | | 2023 | |
| Net catastrophe losses | $87 | | $143 | | $7 |
| Favorable prior period development | $23 | | $25 | | $28 |
Table 26 after “The Life Insurance segment comprises our international life operations including the life and asset management business of Huatai Group, Chu”
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| | | | % Change | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | 2024 | | 2023 | 2025 vs. 2024 | 2024 vs. 2023 | | |
| Net premiums written | $7,279 | | $6,326 | | $5,465 | | 15.1% | 15.7% |
| Net premiums written - constant dollars | | | | | 17.3% | | 18.5% | |
| Net premiums earned | 7,224 | | 6,273 | | 5,398 | | 15.1% | 16.2% |
| Losses and loss expenses | 109 | | 112 | | 114 | | (2.7)% | (1.8)% |
| Policy benefits | 4,961 | | 4,101 | | 3,216 | | 21.0% | 27.5% |
| Policy acquisition costs | 1,330 | | 1,202 | | 1,089 | | 10.7% | 10.3% |
First 8 of 14 rows. The CSV has all of them.
Table 27 after “The following table presents deposits collected on universal life and investment contracts:”
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| | % Change | | | | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | | 2024 | 2023 | 2025 vs. 2024 | C$ 2025 vs. 2024 | | 2024 vs. 2023 | |
| Deposits collected on universal life and investment contracts | $2,227 | | $2,571 | $1,590 | (13.4)% | | (14.3)% | | 61.8% |
Table 28 after “Corporate results primarily include the results of our non-insurance companies, income and expenses not attributable to reportable segments,”
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| | % Change | | | | | |
| (in millions of U.S. dollars, except for percentages) | 2025 | | 2024 | 2023 | 2025 vs. 2024 | 2024 vs. 2023 | |
| Losses and loss expenses | $309 | | $299 | $281 | 2.9% | | 6.8% |
| Administrative expenses | 472 | | 432 | 402 | 9.6% | | 6.9% |
| Underwriting income (loss) | (781) | | (731) | (683) | 6.8% | | 6.9% |
| Net investment income (loss) | (93) | | (105) | 25 | (11.6)% | | NM |
| Other income (expense) | 676 | | 490 | 380 | 37.9% | | 29.0% |
| Amortization of purchased intangibles | 148 | | 163 | 176 | (9.4)% | | (6.6)% |
First 8 of 17 rows. The CSV has all of them.
Table 29 after “The following table presents our net realized and unrealized gains (losses):”
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| Year Ended December 31 | | | | | | | | | | |
| 2025 | 2024 | | 2023 | | | | | | | |
| (in millions of U.S. dollars) | NetRealizedGains(Losses) | Net Unrealized Gains (Losses) | | Net Impact | Net Realized Gains (Losses) | Net Unrealized Gains (Losses) | | Net Impact | Net Realized Gains (Losses) | | |
| Fixed maturities (1)(2) | $(198) | | $2,655 | | $2,457 | | $191 | | $(251) | $(60) | $(481) |
| Investment and embedded derivative instruments | (37) | | — | | (37) | | (189) | | — | (189) | (53) |
| Public equity | | | | | | | | | | | |
| Sales | 185 | | — | | 185 | | 25 | | — | 25 | (68) |
| Mark-to-market | 471 | | — | | 471 | | 169 | | — | 169 | 30 |
First 8 of 17 rows. The CSV has all of them.
| | North America Commercial P&C Insurance | North America Personal P&C Insurance | | North America Agricultural Insurance | Overseas General Insurance | Global Reinsurance | | Corporate | Total P&C | | | |
| For the Year Ended | | | | | | | | | | | | | |
| December 31, 2025 | | | | | | | | | | | | | |
| (in millions of U.S. dollars except for ratios) | | | | | | | | | | | | | |
| Numerator | | | | | | | | | | | | | |
| Losses and loss expenses/policy benefits | A | $12,313 | | $4,517 | | $2,239 | | $7,059 | | $640 | $309 | | $27,077 |
| Catastrophe losses and related adjustments | | | | | | | | | | | | | |
| Catastrophe losses, net of related adjustments | | (584) | | (1,721) | | (24) | | (505) | | (87) | — | | (2,921) |
First 8 of 40 rows. The CSV has all of them.
| | North America Commercial P&C Insurance | North America Personal P&C Insurance | | North America Agricultural Insurance | Overseas General Insurance | Global Reinsurance | | Corporate | Total P&C | | | |
| For the Year Ended | | | | | | | | | | | | | |
| December 31, 2024 | | | | | | | | | | | | | |
| (in millions of U.S. dollars except for ratios) | | | | | | | | | | | | | |
| Numerator | | | | | | | | | | | | | |
| Losses and loss expenses/policy benefits | A | $12,737 | | $3,584 | | $2,170 | | $6,822 | | $711 | $299 | | $26,323 |
| Catastrophe losses and related adjustments | | | | | | | | | | | | | |
| Catastrophe losses, net of related adjustments | | (1,103) | | (622) | | (60) | | (459) | | (143) | — | | (2,387) |
First 8 of 39 rows. The CSV has all of them.
| | North America Commercial P&C Insurance | North America Personal P&C Insurance | | North America Agricultural Insurance | Overseas General Insurance | Global Reinsurance | | Corporate | Total P&C | | | |
| For the Year Ended | | | | | | | | | | | | | |
| December 31, 2023 | | | | | | | | | | | | | |
| (in millions of U.S. dollars except for ratios) | | | | | | | | | | | | | |
| Numerator | | | | | | | | | | | | | |
| Losses and loss expenses/policy benefits | A | $11,256 | | $3,511 | | $2,874 | | $6,100 | | $426 | $281 | | $24,448 |
| Catastrophe losses and related adjustments | | | | | | | | | | | | | |
| Catastrophe losses, net of related adjustments | | (710) | | (669) | | (39) | | (403) | | (7) | — | | (1,828) |
First 8 of 38 rows. The CSV has all of them.
| (in millions of U.S. dollars, except for percentages) | 2025 | 2024 | 2023 |
| Average invested assets (1) | $143,984 | $131,926 | $118,357 |
| Net investment income (2) | $6,465 | $5,930 | $4,937 |
| Yield on average invested assets | 4.5% | 4.5% | 4.2% |
| Market yield on fixed maturities | 5.0% | 5.2% | 5.3% |
Table 34 after “For private equities where we own less than three percent, investment income is included within Net investment income in the table above. Fo”
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| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Total mark-to-market gain on private equity, pre-tax | $809 | | $661 | | $504 |
Table 35 after “The average duration of our fixed income securities, including the effect of futures, options, and swaps, was 5.0 years and 5.1 years at Dec”
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| December 31, 2025 | December 31, 2024 | | | | |
| (in millions of U.S. dollars) | Fair Value | Cost/ Amortized Cost, Net | | Fair Value | Cost/ Amortized Cost, Net | |
| Short-term investments | $4,840 | | $4,840 | | $5,142 | $5,143 |
| Other Investments - Fixed Maturities | 8,091 | | 8,091 | | 6,265 | 6,265 |
| Fixed maturities available-for-sale | 122,680 | | 124,674 | | 110,363 | 115,013 |
| Fixed income securities | 135,611 | | 137,605 | | 121,770 | 126,421 |
| Equity securities | 10,801 | | 10,801 | | 9,151 | 9,151 |
| Private debt held-for-investment | 2,445 | | 2,411 | | 2,680 | 2,628 |
First 8 of 10 rows. The CSV has all of them.
Table 36 after “The following tables present the fair value of our fixed income securities at December 31, 2025 and 2024. The first table lists investments ”
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| December 31, 2025 | December 31, 2024 | | | | |
| (in millions of U.S. dollars, except for percentages) | Fair Value | % of Total | | Fair Value | % of Total | |
| U.S. and local government securities | $3,714 | | 3% | | $4,070 | 3% |
| Corporate and asset-backed securities | 47,886 | | 35% | | 43,207 | 36% |
| Mortgage-backed securities | 30,724 | | 23% | | 27,248 | 22% |
| Non-U.S. | 48,447 | | 35% | | 42,103 | 35% |
| Short-term investments | 4,840 | | 4% | | 5,142 | 4% |
| Total (1) | $135,611 | | 100% | | $121,770 | 100% |
First 8 of 16 rows. The CSV has all of them.
Table 37 after “The following table presents our 10 largest global exposures to corporate bonds by fair value at December 31, 2025:”
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| (in millions of U.S. dollars) | Fair Value |
| Bank of America Corp | $786 |
| Morgan Stanley | 745 |
| JPMorgan Chase & Co | 698 |
| Goldman Sachs Group Inc | 569 |
| Wells Fargo & Co | 564 |
| Citigroup Inc | 501 |
| Verizon Communications Inc | 429 |
First 8 of 11 rows. The CSV has all of them.
Table 38 after “The following table shows the fair value and amortized cost, net of valuation allowance, of our mortgage-backed securities:”
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| S&P Credit Rating | Fair Value | | Amortized Cost, Net | | | | | | | |
| December 31, 2025 (in millions of U.S. dollars) | AAA | AA | | A | BBB | BB and below | | Total | Total | | |
| Agency residential mortgage-backed securities (RMBS) | $16 | | $27,250 | | $— | | $— | | $— | $27,266 | $28,029 |
| Non-agency RMBS | 2,079 | | 198 | | 165 | | 69 | | 2 | 2,513 | 2,532 |
| Commercial mortgage-backed securities | 774 | | 112 | | 51 | | 6 | | 2 | 945 | 972 |
| Total mortgage-backed securities | $2,869 | | $27,560 | | $216 | | $75 | | $4 | $30,724 | $31,533 |
Table 39 after “The following table summarizes the fair value and amortized cost, net of valuation allowance, of our non-U.S. fixed income portfolio by coun”
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| (in millions of U.S. dollars) | Fair Value | Amortized Cost, Net | |
| People's Republic of China | $1,952 | | $1,987 |
| Republic of Korea | 1,772 | | 1,779 |
| Kingdom of Thailand | 1,145 | | 1,016 |
| Canada | 840 | | 860 |
| United Mexican States | 811 | | 811 |
| Taiwan | 776 | | 755 |
| Federative Republic of Brazil | 651 | | 662 |
First 8 of 13 rows. The CSV has all of them.
Table 40 after “The following table summarizes the fair value and amortized cost, net of valuation allowance, of our non-U.S. fixed income portfolio by coun”
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| (in millions of U.S. dollars) | Fair Value | Amortized Cost, Net | |
| China | $8,507 | | $8,492 |
| United Kingdom | 2,791 | | 2,833 |
| Canada | 2,714 | | 2,698 |
| France | 1,754 | | 1,746 |
| United States (1) | 1,631 | | 1,630 |
| South Korea | 1,400 | | 1,368 |
| Australia | 1,317 | | 1,342 |
First 8 of 13 rows. The CSV has all of them.
Table 41 after “The following table presents count information for asbestos claims and environmental claims by account, for direct policies only:”
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| Asbestos | Environmental | | | | | |
| 2025 | 2024 | | 2025 | | 2024 | |
| Open at beginning of year | 1,674 | | 1,784 | | 1,052 | | 1,109 |
| Newly reported/reopened | 426 | | 252 | | 197 | | 135 |
| Closed or otherwise disposed | 436 | | 362 | | 222 | | 192 |
| Open at end of year | 1,664 | | 1,674 | | 1,027 | | 1,052 |
Table 42 after “The following table presents the gross and net 3-year survival ratios for Asbestos and Environmental loss and ALAE reserves:”
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| (in years) | Gross loss and ALAE reserves | Net loss and ALAE reserves | |
| Asbestos | 3.1 | | 2.9 |
| Environmental | 4.3 | | 5.1 |
Table 43 after “y monitor and manage our catastrophe risk accumulation around the world from natural perils, which includes setting risk limits based on pro”
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| Modeled Net Probable Maximum Loss (PML) Pre-tax | | | | | | | | | |
| Worldwide (1) | U.S. Hurricane (2) | | California Earthquake (3) | | | | | | |
| Annual Aggregate | Annual Aggregate | | Single Occurrence | | | | | | |
| (in millions of U.S. dollars, except for percentages) | Chubb | % of Total Chubb Shareholders’ Equity | | Chubb | % of Total Chubb Shareholders’ Equity | Chubb | | % of Total Chubb Shareholders’ Equity | | |
| 1-in-10 | $3,003 | | 4.1% | | $1,664 | | 2.3% | | $170 | 0.2% |
| 1-in-100 | $5,862 | | 7.9% | | $3,919 | | 5.3% | | $1,869 | 2.5% |
| 1-in-250 | $9,285 | | 12.6% | | $6,552 | | 8.9% | | $2,176 | 3.0% |
Table 44 after “Chubb renewed its Global Property Catastrophe Reinsurance Program for our North American and International operations effective April 1, 202”
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| Loss Location | Layer of Loss | Comments | Notes |
| United States (excluding Alaska and Hawaii) | $0 million – $1.75 billion | Losses retained by Chubb | (a) |
| United States (excluding Alaska and Hawaii) | $1.75 billion –$2.85 billion | All natural perils and terrorism | (b) |
| United States (excluding Alaska and Hawaii) | $2.85 billion –$4.0 billion | All natural perils and terrorism | (c) |
| United States (excluding Alaska and Hawaii) | $4.0 billion –$5.7 billion | Named windstorm and earthquake | |
| International (including Alaska and Hawaii) | $0 million –$225 million | Losses retained by Chubb | (a) |
| International (including Alaska and Hawaii) | $225 million –$1.325 billion | All natural perils and terrorism | (b) |
| Alaska, Hawaii, and Canada | $1.325 billion – $2.475 billion | All natural perils and terrorism | (c) |
Table 45 after “Capital resources consist of funds deployed or available to be deployed to support our business operations.”
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| (in millions of U.S. dollars, except for percentages) | December 31, 2025 | December 31, 2024 | |
| Short-term debt | $1,499 | | $800 |
| Long-term debt | 15,728 | | 14,379 |
| Total financial debt | 17,227 | | 15,179 |
| Trust preferred securities | 309 | | 309 |
| Subordinated debt (1) | 113 | | 110 |
| Total hybrid debt | 422 | | 419 |
| Total Chubb shareholders’ equity | 73,757 | | 64,021 |
First 8 of 13 rows. The CSV has all of them.
Table 46 after “The following table presents the condensed balance sheets of Chubb Limited and Chubb INA Holdings LLC, after elimination of investment in an”
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| Chubb Limited (Parent Guarantor) | Chubb INA Holdings LLC (Subsidiary Issuer) | | | | |
| December 31 | December 31 | | December 31 | December 31 | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2025 | 2024 | |
| Assets | | | | | | |
| Investments | $— | | $— | | $535 | $436 |
| Cash | 313 | | 383 | | 584 | 1,002 |
| Due from parent guarantor/subsidiary issuer | 733 | | 396 | | — | — |
| Due from subsidiaries that are not issuers or guarantors | 470 | | 464 | | 662 | 592 |
First 8 of 21 rows. The CSV has all of them.
Table 47 after “The following table presents the condensed statements of operations and comprehensive loss of Chubb Limited and Chubb INA Holdings LLC, excl”
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| Year Ended December 31, 2025 | Chubb Limited (Parent Guarantor) | Chubb INA Holdings LLC (Subsidiary Issuer) | |
| (in millions of U.S. dollars) | | | |
| Net investment income (expense) | $(1) | | $42 |
| Net realized gains (losses) | 10 | | (211) |
| Administrative expenses | 117 | | (38) |
| Interest (income) expense | (12) | | 536 |
| Other (income) expense | (35) | | 13 |
| Integration and severance expenses | — | | 1 |
First 8 of 11 rows. The CSV has all of them.
Table 48 after “The following table presents the impact at December 31, 2025 and 2024, on the fair value of our fixed income portfolio of a hypothetical inc”
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| (in billions of U.S. dollars, except for percentages) | 2025 | | 2024 | |
| Fair value of fixed income portfolio | $135.6 | | $121.8 | |
| Pre-tax impact of 100 bps increase in interest rates: | | | | |
| Decrease in dollars | $6.8 | | $6.2 |
| As a percentage of total fixed income portfolio at fair value | 5.0% | | 5.1% |
Table 49 after “The following table presents the impact at December 31, 2025 and 2024, on the fair value of our debt obligations of a hypothetical decrease ”
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| (in billions of U.S. dollars, except for percentages) | 2025 | | 2024 | |
| Fair value of debt obligations | $16.6 | | $14.3 | |
| Pre-tax impact of 100 bps decrease in interest rates: | | | | |
| Increase in dollars | $1.2 | | $1.1 |
| As a percentage of total debt obligations at fair value | 7.3% | | 7.4% |
Table 50 after “The following table summarizes the unhedged portion of net assets (liabilities) in non-U.S. currencies at December 31, 2025 and 2024, and ex”
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| | 2025 | | | | | 2024 | | 2025 vs. 2024 % change in exchange rate per USD | |
| (in millions of U.S. dollars, except for percentages) | Value of unhedged net assets (liabilities) | Exchange rate per USD | | Value of unhedged net assets (liabilities) | | Exchange rate per USD | | | | |
| Korean won (KRW) (x100) | $6,196 | | 0.0692 | | $6,516 | | | 0.0676 | | 2.4% |
| Chinese yuan renminbi (CNH/CNY) (1) | 2,844 | | 0.1431 | | 3,709 | | | 0.1370 | | 4.5% |
| Canadian dollar (CAD) | 2,519 | | 0.7286 | | 2,194 | | | 0.6952 | | 4.8% |
| Australian dollar (AUD) | 1,545 | | 0.6673 | | 1,660 | | | 0.6188 | | 7.8% |
| Mexican peso (MXN) | 933 | | 0.0555 | | 852 | | | 0.0480 | | 15.6% |
| Thai baht (THB) | 891 | | 0.0318 | | 561 | | | 0.0291 | | 9.3% |
First 8 of 16 rows. The CSV has all of them.
| Sensitivities to equity and interest rate movements | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Worldwide Equity Shock | | | | | | | | | | | | | | | | |
| Interest Rate Shock | +10% | | | Flat | | -10% | | | -20% | | | -30% | | | -40% | | |
| +100 bps | (Increase)/decrease in FVL | $228 | | | $153 | | | $61 | | | $(53) | | | $(197) | | | $(386) |
| Increase/(decrease) in hedge value | (94) | | | — | | | 94 | | | 188 | | | 282 | | | 376 |
| Increase/(decrease) in net income | $134 | | | $153 | | | $155 | | | $135 | | | $85 | | | $(10) |
| Flat | (Increase)/decrease in FVL | $90 | | | $— | | | $(109) | | | $(241) | | | $(410) | | | $(621) |
| Increase/(decrease) in hedge value | (94) | | | — | | | 94 | | | 188 | | | 282 | | | 376 |
First 8 of 16 rows. The CSV has all of them.
Table 52 after “a) Reinsurance covering the GMDB risk only”
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| Equity Shock | | | | | | | | | |
| (in millions of U.S. dollars) | +20% | Flat | -20% | | -40% | | -60% | | -80% | |
| GMDB net amount at risk | $194 | $190 | | $298 | | $554 | | $593 | | $483 |
| Claims at 100% immediate mortality | 125 | 125 | | 143 | | 134 | | 124 | | 111 |
Table 53 after “b) Reinsurance covering the GLB risk only”
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| Equity Shock | | | | | | | | | |
| (in millions of U.S. dollars) | +20% | Flat | -20% | | -40% | | -60% | | -80% | |
| GLB net amount at risk | $648 | $835 | | $1,123 | | $1,557 | | $1,794 | | $2,023 |
Table 54 after “c) Reinsurance covering both the GMDB and GLB risks on the same underlying policyholders”
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| Equity Shock | | | | | | | | | |
| (in millions of U.S. dollars) | +20% | Flat | -20% | | -40% | | -60% | | -80% | |
| GMDB net amount at risk | $31 | $36 | | $44 | | $53 | | $61 | | $66 |
| GLB net amount at risk | 253 | 308 | | 386 | | 486 | | 588 | | 630 |
| Claims at 100% immediate mortality | 23 | 22 | | 22 | | 22 | | 22 | | 22 |
Table 55 after “Financial Statements, Schedules, and Exhibits”
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| | Page |
| 1. | Consolidated Financial Statements | |
| – | Management's Responsibility for Financial Statements and Internal Control over Financial Reporting | F-3 |
| – | Report of Independent Registered Public Accounting Firm | F-4 |
| – | Consolidated Balance Sheets at December 31, 2025 and 2024 | F-6 |
| – | Consolidated Statements of Operations and Comprehensive Income for the years ended December 31, 2025, 2024, and 2023 | F-7 |
| – | Consolidated Statements of Shareholders' Equity for the years ended December 31, 2025, 2024, and 2023 | F-8 |
| – | Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024, and 2023 | F-9 |
First 8 of 14 rows. The CSV has all of them.
Table 56 after “Financial Statements, Schedules, and Exhibits”
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| | | Incorporated by Reference | | |
| Exhibit Number | Exhibit Description | Form | Original Number | Date Filed | Filed Herewith |
| 3.1 | Articles of Association of the Company, as amended and restated | 8-K | 3.1 | May 16, 2025 | |
| 3.2 | Organizational Regulations of the Company, as amended | 10-K | 3.2 | February 27, 2025 | |
| 4.1 | Articles of Association of the Company, as amended and restated | 8-K | 4.1 | May 16, 2025 | |
| 4.2 | Organizational Regulations of the Company, as amended | 10-K | 4.2 | February 27, 2025 | |
| 4.3 | Specimen share certificate representing Common Shares | 8-K | 4.3 | July 18, 2008 | |
| 4.4 | Indenture, dated March 15, 2002, between ACE Limited and Bank One Trust Company, N.A. | 8-K | 4.1 | March 22, 2002 | |
First 8 of 10 rows. The CSV has all of them.
| | | Incorporated by Reference | | |
| Exhibit Number | Exhibit Description | Form | Original Number | Date Filed | Filed Herewith |
| 4.7 | Indenture, dated December 1, 1999, among ACE INA Holdings, Inc., ACE Limited and Bank One Trust Company, National Association, as trustee | 10-K | 10.41 | March 29, 2000 | |
| 4.8 | Amended and Restated Trust Agreement, dated March 31, 2000, among ACE INA Holdings, Inc., Bank One Trust Company, National Association, as property trustee, Bank One Delaware Inc., as Delaware trustee and the administrative trustees named therein | 10-K | 4.17 | March 16, 2006 | |
| 4.9 | Common Securities Guarantee Agreement, dated March 31, 2000 | 10-K | 4.18 | March 16, 2006 | |
| 4.10 | Capital Securities Guarantee Agreement, dated March 31, 2000 | 10-K | 4.19 | March 16, 2006 | |
| 4.11 | Description of the Registrant's Securities | | | | X |
| 4.12 | Form of 4.15 percent Senior Notes due 2043 | 8-K | 4.2 | March 13, 2013 | |
First 8 of 19 rows. The CSV has all of them.
| | | Incorporated by Reference | | |
| Exhibit Number | Exhibit Description | Form | Original Number | Date Filed | Filed Herewith |
| 4.24 | Form of Officer's Certificate related to the 1.550% Senior Notes due 2028 and 2.500% Senior Notes due 2038 | 8-K | 4.1 | March 6, 2018 | |
| 4.25 | Form of Global Note for the 1.550% Senior Notes due 2028 | 8-K | 4.2 | March 6, 2018 | |
| 4.26 | Form of Global Note for the 2.500% Senior Notes due 2038 | 8-K | 4.3 | March 6, 2018 | |
| 4.27 | Form of Officer's Certificate related to the 0.875% Senior Notes due 2027 and 1.400% Senior Notes due 2031 | 8-K | 4.1 | June 17, 2019 | |
| 4.28 | Form of Global Note for the 0.875% Senior Notes due 2027 | 8-K | 4.2 | June 17, 2019 | |
| 4.29 | Form of Global Note for the 1.400% Senior Notes due 2031 | 8-K | 4.3 | June 17, 2019 | |
First 8 of 24 rows. The CSV has all of them.
| | | Incorporated by Reference | | |
| Exhibit Number | Exhibit Description | Form | Original Number | Date Filed | Filed Herewith |
| 10.4* | Form of employment agreement between the Company (or subsidiaries of the Company) and executive officers of the Company to allocate a percentage of aggregate salary to the Company (or subsidiaries of the Company) | 8-K | 10.1 | July 16, 2008 | |
| 10.5* | Outside Directors Compensation Parameters | 10-K | 10.6 | February 27, 2025 | |
| 10.6* | Form of Non-Qualified Stock Option Terms under the ACE Limited 2004 Long-Term Incentive Plan | 10-Q | 10.4 | October 30, 2013 | |
| 10.7* | Aircraft Time Sharing Agreement, dated as of September 19, 2022, between Chubb INA Holdings Inc. and Evan G. Greenberg [certain information omitted] | 10-Q | 10.1 | October 28, 2022 | |
| 10.8* | ACE USA Officer Deferred Compensation Plan (as amended and restated effective January 1, 2011) | 10-Q | 10.7 | October 30, 2013 | |
| 10.9* | First Amendment to the Amended and Restated ACE USA Officers Deferred Compensation Plan | 10-K | 10.28 | February 25, 2010 | |
First 8 of 22 rows. The CSV has all of them.
| | | Incorporated by Reference | | |
| Exhibit Number | Exhibit Description | Form | Original Number | Date Filed | Filed Herewith |
| 10.24* | Form of Performance Based Restricted Stock Award Terms under the Chubb Limited 2016 Long-Term Incentive Plan for Executive Officers | 10-Q | 10.2 | May 2, 2023 | |
| 10.25* | Chubb Limited 2016 Long-Term Incentive Plan, as amended and restated | 8-K | 10.1 | May 24, 2021 | |
| 10.26* | Form of Incentive Stock Option Terms under the ACE Limited 2004 Long-Term Incentive Plan | 10-Q | 10.3 | October 30, 2013 | |
| 10.27* | Pension Excess Benefit Plan of The Chubb Corporation | 10-K | 10.77 | February 25, 2021 | |
| 10.28* | Amendments to the Chubb U.S. Supplemental Employee Retirement Plan, the Chubb U.S. Deferred Compensation Plan, and Pension Excess Benefit Plan of The Chubb Corporation (December 16, 2020) | 10-K | 10.81 | February 25, 2021 | |
| 10.29* | Amendment No. 2 to the Pension Excess Benefit Plan of The Chubb Corporation | 10-K | 10.78 | February 25, 2021 | |
First 8 of 20 rows. The CSV has all of them.
| | | Incorporated by Reference | | |
| Exhibit Number | Exhibit Description | Form | Original Number | Date Filed | Filed Herewith |
| 10.42* | Form of Non-Qualified Stock Option Terms under the Chubb Limited 2016 Long-Term Incentive Plan for Swiss Executive Management | 10-K | 10.95 | February 23, 2018 | |
| 10.43* | Form of Incentive Stock Option Terms under the Chubb Limited 2016 Long-Term Incentive Plan | 10-Q | 10.2 | August 5, 2016 | |
| 10.44* | Form of Restricted Stock Award Terms under the Chubb Limited 2016 Long-Term Incentive Plan | 10-Q | 10.3 | August 5, 2016 | |
| 10.45* | Form of Restricted Stock Unit Award Terms under the Chubb Limited 2016 Long-Term Incentive Plan | 10-Q | 10.4 | August 5, 2016 | |
| 10.46* | Form of Non-Qualified Stock Option Terms under the Chubb Limited 2016 Long-Term Incentive Plan | 10-Q | 10.5 | August 5, 2016 | |
| 10.47* | Form of Incentive Stock Option Terms under the Chubb Limited 2016 Long-Term Incentive Plan for Swiss Executive Management | 10-Q | 10.6 | August 5, 2016 | |
First 8 of 21 rows. The CSV has all of them.
| | | Incorporated by Reference | | |
| Exhibit Number | Exhibit Description | Form | Original Number | Date Filed | Filed Herewith |
| 10.61* | Form of Performance Based Restricted Stock Unit Terms under the Chubb Limited 2016 Long-Term Incentive Plan for Executive Officers | | | | X |
| 10.62* | Deferred Compensation Plan amendments, effective January 1, 2009 | 10-K | 10.40 | February 27, 2009 | |
| 19 | Global Restrictions on Insider Trading and Trading Chubb Securities Policy | 10-K | 19 | February 27, 2025 | |
| 21.1 | Subsidiaries of the Company | | | | X |
| 22.1 | Guaranteed Securities | 10-Q | 22.1 | October 27, 2025 | |
| 23.1 | Consent of Independent Registered Public Accounting Firm | | | | X |
First 8 of 17 rows. The CSV has all of them.
Table 63 after “Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of”
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| Signature | Title | Date |
| /s/ Evan G. Greenberg | Chairman, Chief Executive Officer, and Director | February 27, 2026 |
| Evan G. Greenberg | | |
| /s/ Peter C. Enns | Executive Vice President and Chief Financial Officer | February 27, 2026 |
| Peter C. Enns | (Principal Financial Officer) | |
| /s/ George F. Ohsiek | Chief Accounting Officer | February 27, 2026 |
| George F. Ohsiek | (Principal Accounting Officer) | |
| /s/ Michael G. Atieh | Director | February 27, 2026 |
First 8 of 23 rows. The CSV has all of them.
| /s/ Robert W. Scully | Director | February 27, 2026 |
| Robert W. Scully | | |
| /s/ Theodore E. Shasta | Director | February 27, 2026 |
| Theodore E. Shasta | | |
| /s/ David H. Sidwell | Director | February 27, 2026 |
| David H. Sidwell | | |
| /s/ Olivier Steimer | Director | February 27, 2026 |
| Olivier Steimer | | |
First 8 of 10 rows. The CSV has all of them.
Table 65 after “INDEX TO CONSOLIDATED FINANCIAL STATEMENTS”
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| | | | Page |
| Management's Responsibility for Financial Statements and Internal Control over Financial Reporting | | F-3 | | |
| Report of Independent Registered Public Accounting Firm (PCAOB ID 238) | | F-4 | | |
| Consolidated Financial Statements | | | | |
| Consolidated Balance Sheets | | F-6 | | |
| Consolidated Statements of Operations and Comprehensive Income | | F-7 | | |
| Consolidated Statements of Shareholders’ Equity | | F-8 | | |
| Consolidated Statements of Cash Flows | | F-9 | | |
First 8 of 36 rows. The CSV has all of them.
Table 66 after “Chubb Limited and Subsidiaries”
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| (in millions of U.S. dollars, except share and per share data) | December 31, 2025 | | December 31, 2024 | | | |
| Assets | | | | | | |
| Investments | | | | | | |
| Short-term investments, at fair value (amortized cost – $4,840 and $5,143) (includes variable interest entities (VIE) balances of $105 and $57) | $4,840 | | | $5,142 | |
| Fixed maturities available-for-sale, at fair value, net of valuation allowance – $52 and $70 (amortized cost – $124,726 and $115,083) | 122,680 | | | 110,363 | |
| Private debt held-for-investment, at amortized cost, net of valuation allowance – $3 and $4 | 2,411 | | | 2,628 | |
| Equity securities, at fair value (includes VIE balances of $2,275 and $1,289) | 10,801 | | | 9,151 | |
| Private equities (includes VIE balances of $22 and $22) | 17,239 | | | 14,769 | |
First 8 of 52 rows. The CSV has all of them.
Table 67 after “Chubb Limited and Subsidiaries”
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| For the years ended December 31, 2025, 2024, and 2023 | | | | | |
| (in millions of U.S. dollars, except per share data) | 2025 | 2024 | | 2023 | |
| Revenues | | | | | |
| Net premiums written | $54,842 | | $51,468 | | $47,361 |
| Increase in unearned premiums | (1,828) | | (1,622) | | (1,649) |
| Net premiums earned | 53,014 | | 49,846 | | 45,712 |
| Net investment income | 6,465 | | 5,930 | | 4,937 |
| Net realized gains (losses) | 211 | | 117 | | (607) |
First 8 of 41 rows. The CSV has all of them.
Table 68 after “Chubb Limited and Subsidiaries”
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| For the years ended December 31, 2025, 2024, and 2023 | | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Common Shares | | | | | |
| Balance – beginning of year | $235 | | $241 | | $10,346 |
| Par value reduction | — | | — | | (9,759) |
| Cancellation of treasury shares | (4) | | (6) | | (346) |
| Balance – end of year | 231 | | 235 | | 241 |
| Common Shares in treasury | | | | | |
First 8 of 42 rows. The CSV has all of them.
Table 69 after “Chubb Limited and Subsidiaries”
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| For the years ended December 31, 2025, 2024, and 2023 | | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Cash flows from operating activities | | | | | |
| Net income | $10,622 | | $9,640 | | $9,015 |
| Adjustments to reconcile net income to net cash flows from operating activities | | | | | |
| Net realized (gains) losses | (211) | | (117) | | 607 |
| Market risk benefits (gains) losses | 288 | | 140 | | 307 |
| Amortization of premiums (discounts) on fixed maturities | (409) | | (367) | | (148) |
First 8 of 59 rows. The CSV has all of them.
Table 70 after “The following table summarizes the results of the acquired Huatai Group operations since the acquisition date that have been included within”
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| July 1, 2023 to |
| (in millions of U.S. dollars) | December 31, 2023 |
| Total revenues | $739 |
| Net loss | $(30) |
| Net loss attributable to Chubb | $(17) |
Table 71 after “The following table presents supplemental unaudited pro forma consolidated information for the periods indicated as though the acquisition o”
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| Pro forma: | For the Year Ended December 31 |
| (in millions of U.S. dollars) | 2023 |
| Net premiums earned | $46,502 |
| Total revenues | $50,550 |
| Net income | $8,850 |
| Net income attributable to Chubb | $8,859 |
| December 31, 2025 | Amortized Cost | Valuation Allowance | | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Fair Value | | |
| (in millions of U.S. dollars) | | | | | | | | |
| Available-for-sale | | | | | | | | |
| U.S. and local government securities | $3,908 | | $— | | $27 | | $(221) | $3,714 |
| Non-U.S. | 40,479 | | (10) | | 795 | | (908) | 40,356 |
| Corporate and asset-backed securities | 48,806 | | (42) | | 734 | | (1,612) | 47,886 |
| Mortgage-backed securities | 31,533 | | — | | 398 | | (1,207) | 30,724 |
| $124,726 | | $(52) | | $1,954 | | $(3,948) | $122,680 |
| December 31, 2024 | Amortized Cost | Valuation Allowance | | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Fair Value | | |
| (in millions of U.S. dollars) | | | | | | | | |
| Available-for-sale | | | | | | | | |
| U.S. and local government securities | $4,383 | | $— | | $10 | | $(323) | $4,070 |
| Non-U.S. | 36,311 | | (23) | | 753 | | (1,203) | 35,838 |
| Corporate and asset-backed securities | 45,231 | | (47) | | 287 | | (2,264) | 43,207 |
| Mortgage-backed securities | 29,158 | | — | | 69 | | (1,979) | 27,248 |
| $115,083 | | $(70) | | $1,119 | | $(5,769) | $110,363 |
Table 74 after “The following table presents fixed maturities by contractual maturity:”
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| | December 31 | | | | |
| | 2025 | | | 2024 | |
| (in millions of U.S. dollars) | Net Carrying Value | Fair Value | | Net Carrying Value | Fair Value | |
| Available-for-sale | | | | | | |
| Due in 1 year or less | $4,749 | | $4,749 | | $4,507 | $4,507 |
| Due after 1 year through 5 years | 35,611 | | 35,611 | | 33,446 | 33,446 |
| Due after 5 years through 10 years | 31,514 | | 31,514 | | 26,901 | 26,901 |
| Due after 10 years | 20,082 | | 20,082 | | 18,261 | 18,261 |
First 8 of 11 rows. The CSV has all of them.
Table 75 after “The following tables present, for available-for-sale (AFS) fixed maturities in an unrealized loss position (including securities on loan) th”
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| 0 – 12 Months | Over 12 Months | | Total | | | | | | |
| December 31, 2025 | Fair Value | Gross Unrealized Loss | | Fair Value | Gross Unrealized Loss | Fair Value | | Gross Unrealized Loss | | |
| (in millions of U.S. dollars) | | | | | | | | | | |
| U.S. and local government securities | $307 | | $(3) | | $2,139 | | $(216) | | $2,446 | $(219) |
| Non-U.S. | 6,664 | | (163) | | 8,995 | | (622) | | 15,659 | (785) |
| Corporate and asset-backed securities | 4,136 | | (59) | | 10,225 | | (867) | | 14,361 | (926) |
| Mortgage-backed securities | 1,467 | | (12) | | 11,016 | | (1,194) | | 12,483 | (1,206) |
| Total AFS fixed maturities | $12,574 | | $(237) | | $32,375 | | $(2,899) | | $44,949 | $(3,136) |
Table 76 after “The following tables present, for available-for-sale (AFS) fixed maturities in an unrealized loss position (including securities on loan) th”
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| 0 – 12 Months | Over 12 Months | | Total | | | | | | |
| December 31, 2024 | Fair Value | Gross Unrealized Loss | | Fair Value | Gross Unrealized Loss | Fair Value | | Gross Unrealized Loss | | |
| (in millions of U.S. dollars) | | | | | | | | | | |
| U.S. and local government securities | $767 | | $(16) | | $2,489 | | $(303) | | $3,256 | $(319) |
| Non-U.S. | 6,630 | | (138) | | 12,023 | | (874) | | 18,653 | (1,012) |
| Corporate and asset-backed securities | 10,069 | | (194) | | 13,290 | | (1,259) | | 23,359 | (1,453) |
| Mortgage-backed securities | 10,490 | | (170) | | 11,987 | | (1,794) | | 22,477 | (1,964) |
| Total AFS fixed maturities | $27,956 | | $(518) | | $39,789 | | $(4,230) | | $67,745 | $(4,748) |
Table 77 after “The following table presents a roll-forward of valuation allowance for expected credit losses on fixed maturities:”
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| Year Ended December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Available-for-sale | | | |
| Valuation allowance for expected credit losses - beginning of year | $70 | | $156 |
| Provision for expected credit loss | 97 | | 118 |
| Write-offs charged against the expected credit loss | (2) | | (6) |
| Recovery of expected credit loss | (113) | | (198) |
| Valuation allowance for expected credit losses - end of year | $52 | | $70 |
First 8 of 13 rows. The CSV has all of them.
Table 78 after “The following table presents the components of net realized gains (losses) and the change in net unrealized appreciation (depreciation) of i”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Fixed maturities: | | | | | |
| Gross realized gains | $272 | | $132 | | $208 |
| Gross realized losses | (450) | | (535) | | (656) |
| Other investments - Fixed maturities (1) | 10 | | 602 | | (12) |
| Net (provision for) recovery of expected credit losses | 19 | | 86 | | 43 |
| Impairment (2) | (49) | | (94) | | (64) |
First 8 of 22 rows. The CSV has all of them.
Table 79 after “Realized gains and losses from Other investments, Equity securities and Private equities from the table above include sales of securities an”
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| Year Ended December 31, 2025 | | | | | |
| (in millions of U.S. dollars) | Other Investments | Equity Securities | | Private Equities | Total | |
| Net gains (losses) recognized during the period | $10 | | $656 | | $99 | $765 |
| Less: Net gains (losses) recognized from sales of securities | 4 | | 185 | | — | 189 |
| Unrealized gains (losses) recognized for securities still held at reporting date | $6 | | $471 | | $99 | $576 |
Table 80 after “Realized gains and losses from Other investments, Equity securities and Private equities from the table above include sales of securities an”
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| Year Ended December 31, 2024 | | | | | |
| (in millions of U.S. dollars) | Other Investments | Equity Securities | | Private Equities | Total | |
| Net gains (losses) recognized during the period | $602 | | $194 | | $124 | $920 |
| Less: Net gains (losses) recognized from sales of securities | 4 | | 25 | | — | 29 |
| Unrealized gains (losses) recognized for securities still held at reporting date | $598 | | $169 | | $124 | $891 |
Table 81 after “Chubb Limited and Subsidiaries”
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| Year Ended December 31, 2023 | | | | | |
| (in millions of U.S. dollars) | Other Investments | Equity Securities | | Private Equities | Total | |
| Net gains (losses) recognized during the period | $(12) | | $(38) | | $70 | $20 |
| Less: Net gains (losses) recognized from sales of securities | — | | (68) | | — | (68) |
| Unrealized gains (losses) recognized for securities still held at reporting date | $(12) | | $30 | | $70 | $88 |
| December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Fixed maturities (1) (2) | $8,091 | | $6,265 |
| Life insurance policies | 594 | | 518 |
| Policy loans | 1,117 | | 941 |
| Other, including non-qualified separate account assets (3) | 947 | | 873 |
| Total | $10,749 | | $8,597 |
Table 83 after “The following table presents, by investment category, the expected liquidation period, fair value, and maximum future funding commitments fo”
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| | | | | December 31 | | | | |
| Expected Liquidation Period of Underlying Assets | | 2025 | | 2024 | | | | |
| (in millions of U.S. dollars) | | Fair Value | | Maximum Future Funding Commitments | | Fair Value | Maximum Future Funding Commitments | | |
| Financial | 2 to 10 Years | | $1,420 | | | $483 | | $1,265 | $281 |
| Real assets | 2 to 13 Years | | 1,924 | | | 1,111 | | 1,974 | 547 |
| Distressed | 2 to 8 Years | | 1,226 | | | 977 | | 1,257 | 679 |
| Private credit | 3 to 8 Years | | 299 | | | 302 | | 295 | 285 |
| Traditional | 2 to 14 Years | | 11,990 | | | 4,345 | | 9,674 | 4,650 |
First 8 of 11 rows. The CSV has all of them.
| Year Ended December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | 2023 |
| Fixed maturities (1) | $5,881 | $5,535 | $4,619 |
| Short-term investments | 156 | 181 | 199 |
| Other interest income | 40 | 80 | 69 |
| Equity securities | 357 | 125 | 119 |
| Private equities (less than 3 percent ownership) | 139 | 112 | 55 |
| Other investments | 110 | 103 | 71 |
First 8 of 12 rows. The CSV has all of them.
Table 85 after “The following table presents the components of restricted assets:”
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| | December 31 | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Trust funds | $8,461 | | $8,170 |
| Assets pledged under repurchase agreements | 3,518 | | 2,890 |
| Deposits with U.S. regulatory authorities | 2,598 | | 2,487 |
| Deposits with non-U.S. regulatory authorities and other | 4,669 | | 4,659 |
| Total | $19,246 | | $18,206 |
Table 86 after “Financial instruments measured at fair value on a recurring basis, by valuation hierarchy”
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| December 31, 2025 | Level 1 | Level 2 | | Level 3 | Total | |
| (in millions of U.S. dollars) | | | | | | |
| Assets: | | | | | | |
| Fixed maturities available-for-sale | | | | | | |
| U.S. and local government securities | $1,481 | | $2,233 | | $— | $3,714 |
| Non-U.S. | — | | 39,685 | | 671 | 40,356 |
| Corporate and asset-backed securities | — | | 44,340 | | 3,546 | 47,886 |
| Mortgage-backed securities | — | | 30,724 | | — | 30,724 |
First 8 of 24 rows. The CSV has all of them.
Table 87 after “Chubb Limited and Subsidiaries”
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| December 31, 2024 | Level 1 | Level 2 | | Level 3 | Total | |
| (in millions of U.S. dollars) | | | | | | |
| Assets: | | | | | | |
| Fixed maturities available-for-sale | | | | | | |
| U.S. and local government securities | $1,765 | | $2,305 | | $— | $4,070 |
| Non-U.S. | — | | 35,234 | | 604 | 35,838 |
| Corporate and asset-backed securities | — | | 40,316 | | 2,891 | 43,207 |
| Mortgage-backed securities | — | | 27,245 | | 3 | 27,248 |
First 8 of 24 rows. The CSV has all of them.
Table 88 after “The following tables present a reconciliation of the beginning and ending balances of financial instruments measured at fair value using sig”
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| Available-for-Sale Debt Securities | Equity securities | | Short-term investments | | | |
| Year Ended December 31, 2025 | Non-U.S. | Corporate and asset-backed securities | | Mortgage-backed securities | | | |
| (in millions of U.S. dollars) | | | | | | | |
| Balance, beginning of year | $604 | | $2,891 | | $3 | $120 | $14 |
| Transfers into Level 3 | 11 | | 205 | | — | — | — |
| Transfers out of Level 3 | (2) | | (19) | | — | (1) | — |
| Change in Net Unrealized Gains (Losses) in OCI | 41 | | 6 | | — | — | — |
| Net Realized Gains (Losses) | (2) | | (16) | | (2) | (1) | — |
First 8 of 14 rows. The CSV has all of them.
Table 89 after “The following tables present a reconciliation of the beginning and ending balances of financial instruments measured at fair value using sig”
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| Available-for-Sale Debt Securities | Equity securities | | Short-term investments | | | |
| Year Ended December 31, 2024 | Non-U.S. | Corporate and asset-backed securities | | Mortgage-backed securities | | | |
| (in millions of U.S. dollars) | | | | | | | |
| Balance, beginning of year | $692 | | $2,622 | | $7 | $87 | $3 |
| Transfers into Level 3 | 2 | | 57 | | — | — | — |
| Transfers out of Level 3 | (7) | | (9) | | (54) | — | — |
| Change in Net Unrealized Gains (Losses) in OCI | 7 | | 12 | | — | — | — |
| Net Realized Gains (Losses) | (13) | | (15) | | — | 8 | — |
First 8 of 14 rows. The CSV has all of them.
Table 90 after “Chubb Limited and Subsidiaries”
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| Available-for-Sale Debt Securities | | | Short-term investments | | | |
| Year Ended December 31, 2023 | Non-U.S. | Corporate and asset-backed securities | | Mortgage-backed securities | Equity securities | | |
| (in millions of U.S. dollars) | | | | | | | |
| Balance, beginning of year | $564 | | $2,449 | | $11 | $90 | $3 |
| Transfers into Level 3 | 21 | | 30 | | — | — | — |
| Transfers out of Level 3 | (22) | | (26) | | (15) | — | — |
| Change in Net Unrealized Gains (Losses) in OCI | 13 | | 28 | | — | — | (1) |
| Net Realized Gains (Losses) | (4) | | (17) | | — | (7) | (1) |
First 8 of 14 rows. The CSV has all of them.
Table 91 after “The following tables present fair value, by valuation hierarchy, and carrying value of the financial instruments not measured at fair value:”
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| December 31, 2025 | Fair Value | Net Carrying Value | | | | | |
| (in millions of U.S. dollars) | Level 1 | Level 2 | | Level 3 | Total | | |
| Assets: | | | | | | | |
| Private debt held-for-investment | $— | | $— | | $2,445 | $2,445 | $2,411 |
| Total assets | $— | | $— | | $2,445 | $2,445 | $2,411 |
| Liabilities: | | | | | | | |
| Repurchase agreements | $— | | $3,324 | | $— | $3,324 | $3,324 |
| Short-term debt | — | | 1,498 | | — | 1,498 | 1,499 |
First 8 of 11 rows. The CSV has all of them.
Table 92 after “The following tables present fair value, by valuation hierarchy, and carrying value of the financial instruments not measured at fair value:”
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| December 31, 2024 | Fair Value | Net Carrying Value | | | | | |
| (in millions of U.S. dollars) | Level 1 | Level 2 | | Level 3 | Total | | |
| Assets: | | | | | | | |
| Private debt held-for-investment | $— | | $— | | $2,680 | $2,680 | $2,628 |
| Total assets | $— | | $— | | $2,680 | $2,680 | $2,628 |
| Liabilities: | | | | | | | |
| Repurchase agreements | $— | | $2,731 | | $— | $2,731 | $2,731 |
| Short-term debt | — | | 797 | | — | 797 | 800 |
First 8 of 11 rows. The CSV has all of them.
Table 93 after “The following table presents direct, assumed, and ceded premiums:”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Premiums written | | | | | |
| Direct | $60,799 | | $56,867 | | $52,969 |
| Assumed | 5,147 | | 5,136 | | 4,557 |
| Ceded | (11,104) | | (10,535) | | (10,165) |
| Net | $54,842 | | $51,468 | | $47,361 |
| Premiums earned | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 94 after “Reinsurance Recoverable on Ceded Reinsurance”
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| | December 31, 2025 | | December 31, 2024 | | | |
| (in millions of U.S. dollars) | Net Reinsurance Recoverable (1) | | Valuation allowance | | Net Reinsurance Recoverable (1) | Valuation allowance | |
| Reinsurance recoverable on unpaid losses and loss expenses | $18,346 | | | $248 | | $17,734 | $242 |
| Reinsurance recoverable on paid losses and loss expenses | 1,992 | | | 72 | | 2,043 | 68 |
| Reinsurance recoverable on losses and loss expenses | $20,338 | | | $320 | | $19,777 | $310 |
| Reinsurance recoverable on policy benefits | $286 | | | $— | | $289 | $— |
Table 95 after “The following table presents a roll-forward of valuation allowance for uncollectible reinsurance related to Reinsurance recoverable on losse”
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| Year Ended December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Valuation allowance for uncollectible reinsurance - beginning of year | $310 | | $367 |
| Provision for (release of) uncollectible reinsurance | 25 | | (15) |
| Write-offs charged against the valuation allowance | (18) | | (41) |
| Foreign exchange revaluation | 3 | | (1) |
| Valuation allowance for uncollectible reinsurance - end of year | $320 | | $310 |
Table 96 after “The following tables present a listing, at December 31, 2025, of the categories of Chubb's reinsurers:”
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| December 31, 2025 | Gross Reinsurance Recoverable on Losses and Loss Expenses | Valuation allowance for Uncollectible Reinsurance | | % of Gross Reinsurance Recoverable | |
| (in millions of U.S. dollars, except for percentages) | | | | | |
| Categories | | | | | |
| Largest reinsurers | $8,934 | | $99 | | 1.1% |
| Other reinsurers rated A- or better | 7,752 | | 93 | | 1.2% |
| Other reinsurers rated lower than A- or not rated | 402 | | 25 | | 6.2% |
| Pools | 333 | | 9 | | 2.7% |
| Structured settlements | 479 | | 8 | | 1.7% |
First 8 of 11 rows. The CSV has all of them.
Table 97 after “The following tables present a roll-forward of deferred policy acquisition costs on long-duration contracts included in the Life Insurance s”
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| Year Ended December 31, 2025 | | | | | | | | | |
| (in millions of U.S. dollars) | Term Life | Universal Life | | Whole Life | A&H | Other | | Total | | |
| Balance – beginning of period | $469 | | $722 | | $870 | | $1,681 | | $324 | $4,066 |
| Capitalizations | 239 | | 116 | | 478 | | 717 | | 96 | 1,646 |
| Amortization expense | (153) | | (84) | | (55) | | (238) | | (32) | (562) |
| Other (including foreign exchange) | 12 | | (8) | | 3 | | (24) | | 4 | (13) |
| Balance – end of period | $567 | | $746 | | $1,296 | | $2,136 | | $392 | $5,137 |
| Overseas General Insurance segment excluded from table | | | | | | | | 663 | | |
First 8 of 11 rows. The CSV has all of them.
Table 98 after “The following tables present a roll-forward of deferred policy acquisition costs on long-duration contracts included in the Life Insurance s”
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| Year Ended December 31, 2024 | | | | | | | | | |
| (in millions of U.S. dollars) | Term Life | Universal Life | | Whole Life | A&H | Other | | Total | | |
| Balance – beginning of period | $402 | | $674 | | $534 | | $1,301 | | $274 | $3,185 |
| Capitalizations | 201 | | 156 | | 387 | | 630 | | 82 | 1,456 |
| Amortization expense | (121) | | (81) | | (37) | | (182) | | (27) | (448) |
| Other (including foreign exchange) | (13) | | (27) | | (14) | | (68) | | (5) | (127) |
| Balance – end of period | $469 | | $722 | | $870 | | $1,681 | | $324 | $4,066 |
| Overseas General Insurance segment excluded from table | | | | | | | | 605 | | |
First 8 of 11 rows. The CSV has all of them.
Table 99 after “The following table presents a roll-forward of Goodwill by segment:”
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| (in millions of U.S. dollars) | North America Commercial P&C Insurance | North America Personal P&C Insurance | | North America Agricultural Insurance | Overseas General Insurance | Global Reinsurance | | Life Insurance | Chubb Consolidated | | |
| Balance at December 31, 2023 | $6,946 | | $2,231 | | $134 | | $5,262 | | $371 | $4,742 | $19,686 |
| Acquisition of Healthy Paws | 256 | | — | | — | | — | | — | — | 256 |
| Measurement-Period Adjustments | — | | — | | — | | — | | — | 65 | 65 |
| Foreign exchange revaluation | (34) | | (13) | | — | | (215) | | — | (166) | (428) |
| Balance at December 31, 2024 | $7,168 | | $2,218 | | $134 | | $5,047 | | $371 | $4,641 | $19,579 |
| Acquisition of Liberty Mutual's P&C insurance business in Thailand | — | | — | | — | | 183 | | — | — | 183 |
| Foreign exchange revaluation | 23 | | 8 | | — | | 300 | | — | 114 | 445 |
First 8 of 9 rows. The CSV has all of them.
Table 100 after “The following table presents a roll-forward of VOBA:”
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| | Year Ended December 31 | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Balance, beginning of year | $3,223 | | $3,674 | | $3,702 |
| Consolidation of Huatai Group | — | | — | | 309 |
| Amortization of VOBA (1) | (224) | | (240) | | (281) |
| Foreign exchange revaluation and other | (24) | | (211) | | (56) |
| Balance, end of year | $2,975 | | $3,223 | | $3,674 |
Table 101 after “The following table presents, as of December 31, 2025, the expected estimated pre-tax amortization expense related to VOBA at current foreig”
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| For the Years Ending December 31 | Total amortization of VOBA |
| (in millions of U.S. dollars) | |
| 2026 | $178 |
| 2027 | 159 |
| 2028 | 145 |
| 2029 | 133 |
| 2030 | 121 |
| Total | $736 |
| December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Subject to amortization (primarily agency distribution relationships and renewal rights) | $2,696 | | $2,900 |
| Not subject to amortization (primarily trademarks) | 3,545 | | 3,477 |
| Total | $6,241 | | $6,377 |
Table 103 after “The following table presents, as of December 31, 2025, the expected estimated pre-tax amortization expense of purchased intangibles, at curr”
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| For the Years Ending December 31 | | | | | | |
| (in millions of U.S. dollars) | Total amortization of purchased intangibles | Amortization of UPR intangible asset (1) | | Amortization of Huatai land use rights (2) | Total amortization | |
| 2026 | $287 | | $9 | | $13 | $309 |
| 2027 | 268 | | 3 | | 13 | 284 |
| 2028 | 257 | | — | | 13 | 270 |
| 2029 | 226 | | — | | 12 | 238 |
| 2030 | 210 | | — | | 12 | 222 |
| Total | $1,248 | | $12 | | $63 | $1,323 |
Table 104 after “The following table presents a reconciliation of beginning and ending Unpaid losses and loss expenses:”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Gross unpaid losses and loss expenses, beginning of year | $84,004 | | $80,122 | | $75,747 |
| Reinsurance recoverable on unpaid losses (1) | (17,734) | | (17,884) | | (17,086) |
| Net unpaid losses and loss expenses, beginning of year | 66,270 | | 62,238 | | 58,661 |
| Net losses and loss expenses incurred in respect of losses occurring in: | | | | | |
| Current year | 27,808 | | 26,997 | | 24,956 |
| Prior years (2) | (1,108) | | (975) | | (856) |
First 8 of 18 rows. The CSV has all of them.
Table 105 after “The following table presents a reconciliation of the loss development tables to the liability for unpaid losses and loss expenses in the con”
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| Reconciliation of Reserve Balances to Liability for Unpaid Loss and Loss Expenses | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Presented in the loss development tables: | |
| North America Commercial P&C Insurance — Workers' Compensation | $10,015 |
| North America Commercial P&C Insurance — Liability | 23,614 |
| North America Commercial P&C Insurance — Other Casualty | 2,886 |
| North America Commercial P&C Insurance — Non-Casualty | 3,343 |
| North America Personal P&C Insurance | 4,885 |
First 8 of 29 rows. The CSV has all of them.
Table 106 after “The triangle below shows all loss and allocated expense development for the workers' compensation product line. In our prior period developm”
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| Net Incurred Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31 | | As of December 31 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | Net IBNR Reserves | | Reported Claims (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | | | | | | | |
| 2016 | $1,366 | | $1,361 | | | $1,383 | | | $1,378 | | | $1,269 | | | $1,206 | | | $1,177 | | | $1,162 | | | $1,117 | | | $1,096 | | | $270 | | | 51 |
| 2017 | | 1,412 | | | 1,380 | | | 1,399 | | | 1,393 | | | 1,376 | | | 1,176 | | | 1,121 | | | 1,069 | | | 1,045 | | | 293 | | | 50 | |
| 2018 | | | | 1,359 | | | 1,361 | | | 1,379 | | | 1,384 | | | 1,384 | | | 1,221 | | | 1,175 | | | 1,152 | | | 336 | | | 52 | | |
| 2019 | | | | | | 1,391 | | | 1,384 | | | 1,400 | | | 1,409 | | | 1,406 | | | 1,297 | | | 1,238 | | | 352 | | | 48 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 107 after “The triangle below shows all loss and allocated expense development for the workers' compensation product line. In our prior period developm”
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| Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Years Ended December 31 | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | |
| 2016 | | $122 | | $326 | | | $452 | | | $529 | | | $584 | | | $621 | | | $653 | | | $683 | | | $707 | | | $730 |
| 2017 | | | 120 | | | 313 | | | 437 | | | 516 | | | 564 | | | 601 | | | 626 | | | 648 | | | 666 | |
| 2018 | | | | | 130 | | | 329 | | | 451 | | | 528 | | | 597 | | | 641 | | | 681 | | | 706 | | |
| 2019 | | | | | | | 143 | | | 341 | | | 467 | | | 575 | | | 640 | | | 692 | | | 743 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 108 after “The triangle below shows all loss and allocated expense development for the workers' compensation product line. In our prior period developm”
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| Net Liabilities for Loss and Allocated Loss Adjustment Expenses | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $3,023 |
| Accident years 2016 - 2025 from tables above | 6,992 |
| All Accident years | $10,015 |
Table 109 after “Chubb Limited and Subsidiaries”
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| North America Commercial P&C Insurance — Workers' Compensation — Long-tail (continued) | |
| Supplementary Information: (Favorable)/ Adverse Prior Period Development | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $(130) |
| Accident years 2016 - 2025 from tables above | (389) |
| All Accident years | $(519) |
Table 110 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2025 (Unaudited) | | | | | | | | | | |
| Age in Years | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Percentage | 11% | 16% | 10% | 7% | 5% | 4% | 3% | 2% | 2% | 2% |
Table 111 after “This line includes management and professional liability products provided to a wide variety of clients, from national accounts to small fir”
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| Net Incurred Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31 | | As of December 31 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | Net IBNR Reserves | | Reported Claims (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | | | | | | | |
| 2016 | $3,524 | | $3,585 | | | $3,682 | | | $3,794 | | | $3,790 | | | $3,762 | | | $3,753 | | | $3,658 | | | $3,695 | | | $3,720 | | | $287 | | | 27 |
| 2017 | | 3,313 | | | 3,488 | | | 3,570 | | | 3,620 | | | 3,542 | | | 3,431 | | | 3,490 | | | 3,520 | | | 3,537 | | | 419 | | | 26 | |
| 2018 | | | | 3,365 | | | 3,482 | | | 3,685 | | | 3,817 | | | 3,897 | | | 3,913 | | | 3,991 | | | 3,995 | | | 420 | | | 28 | | |
| 2019 | | | | | | 3,443 | | | 3,617 | | | 3,855 | | | 4,047 | | | 4,054 | | | 4,010 | | | 4,012 | | | 653 | | | 29 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 112 after “Chubb Limited and Subsidiaries”
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| North America Commercial P&C Insurance — Liability — Long-tail (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Years Ended December 31 | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | |
| 2016 | | $171 | | $661 | | | $1,334 | | | $1,973 | | | $2,331 | | | $2,592 | | | $2,819 | | | $2,981 | | | $3,106 | | | $3,296 |
| 2017 | | | 161 | | | 615 | | | 1,159 | | | 1,697 | | | 1,999 | | | 2,321 | | | 2,626 | | | 2,868 | | | 2,972 | |
| 2018 | | | | | 189 | | | 752 | | | 1,300 | | | 1,772 | | | 2,334 | | | 2,781 | | | 3,070 | | | 3,305 | | |
First 8 of 16 rows. The CSV has all of them.
Table 113 after “Chubb Limited and Subsidiaries”
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| Net Liabilities for Loss and Allocated Loss Adjustment Expenses | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $2,008 |
| Accident years 2016 - 2025 from tables above | 21,606 |
| All Accident years | $23,614 |
Table 114 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: (Favorable)/ Adverse Prior Period Development | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $— |
| Accident years 2016 - 2025 from tables above | 319 |
| All Accident years | $319 |
Table 115 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2025 (Unaudited) | | | | | | | | | | |
| Age in Years | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Percentage | 4% | 12% | 15% | 15% | 12% | 9% | 7% | 6% | 3% | 5% |
Table 116 after “This product line consists of the remaining commercial casualty coverages such as automobile liability and aviation as well as our foreign c”
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| Net Incurred Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31 | | As of December 31 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | Net IBNR Reserves | | Reported Claims (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | | | | | | | |
| 2016 | $503 | | $501 | | | $526 | | | $523 | | | $480 | | | $479 | | | $469 | | | $473 | | | $466 | | | $465 | | | $10 | | | 16 |
| 2017 | | 531 | | | 565 | | | 576 | | | 615 | | | 604 | | | 590 | | | 602 | | | 609 | | | 614 | | | 18 | | | 17 | |
| 2018 | | | | 535 | | | 562 | | | 574 | | | 579 | | | 575 | | | 606 | | | 625 | | | 632 | | | 24 | | | 17 | | |
| 2019 | | | | | | 605 | | | 636 | | | 685 | | | 744 | | | 757 | | | 768 | | | 754 | | | 11 | | | 17 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 117 after “This product line consists of the remaining commercial casualty coverages such as automobile liability and aviation as well as our foreign c”
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| Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Years Ended December 31 | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | |
| 2016 | | $52 | | $145 | | | $246 | | | $323 | | | $374 | | | $397 | | | $424 | | | $437 | | | $441 | | | $449 |
| 2017 | | | 66 | | | 175 | | | 312 | | | 381 | | | 445 | | | 496 | | | 539 | | | 561 | | | 580 | |
| 2018 | | | | | 74 | | | 169 | | | 270 | | | 365 | | | 472 | | | 532 | | | 580 | | | 585 | | |
| 2019 | | | | | | | 70 | | | 189 | | | 318 | | | 466 | | | 620 | | | 686 | | | 725 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 118 after “This product line consists of the remaining commercial casualty coverages such as automobile liability and aviation as well as our foreign c”
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| Net Liabilities for Loss and Allocated Loss Adjustment Expenses | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $185 |
| Accident years 2016 - 2025 from tables above | 2,701 |
| All Accident years | $2,886 |
Table 119 after “Chubb Limited and Subsidiaries”
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| North America Commercial P&C Insurance — Other-Casualty — Long-tail (continued) | |
| Supplementary Information: (Favorable)/ Adverse Prior Period Development | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $22 |
| Accident years 2016 - 2025 from tables above | 140 |
| All Accident years | $162 |
Table 120 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2025 (Unaudited) | | | | | | | | | | |
| Age in Years | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Percentage | 10% | 17% | 19% | 18% | 15% | 8% | 6% | 2% | 2% | 2% |
Table 121 after “This product line represents first party commercial product lines that are short-tailed in nature, such as property, inland marine, ocean ma”
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| Net Incurred Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31 | | As of December 31 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | Net IBNR Reserves | | Reported Claims (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | | | | | | | |
| 2016 | $1,903 | | $1,882 | | | $1,792 | | | $1,772 | | | $1,808 | | | $1,820 | | | $1,816 | | | $1,818 | | | $1,811 | | | $1,811 | | | $8 | | | 650 |
| 2017 | | 2,697 | | | 2,601 | | | 2,500 | | | 2,517 | | | 2,509 | | | 2,519 | | | 2,505 | | | 2,495 | | | 2,490 | | | 22 | | | 764 | |
| 2018 | | | | 2,045 | | | 2,232 | | | 2,168 | | | 2,160 | | | 2,168 | | | 2,158 | | | 2,147 | | | 2,143 | | | (7) | | | 904 | | |
| 2019 | | | | | | 2,044 | | | 2,029 | | | 1,952 | | | 1,942 | | | 1,919 | | | 1,923 | | | 1,927 | | | 4 | | | 1,045 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 122 after “This product line represents first party commercial product lines that are short-tailed in nature, such as property, inland marine, ocean ma”
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| Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Years Ended December 31 | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | |
| 2016 | | $843 | | $1,498 | | | $1,648 | | | $1,723 | | | $1,751 | | | $1,775 | | | $1,786 | | | $1,787 | | | $1,794 | | | $1,800 |
| 2017 | | | 976 | | | 2,082 | | | 2,298 | | | 2,389 | | | 2,403 | | | 2,427 | | | 2,446 | | | 2,450 | | | 2,472 | |
| 2018 | | | | | 1,024 | | | 1,819 | | | 2,011 | | | 2,067 | | | 2,111 | | | 2,135 | | | 2,138 | | | 2,144 | | |
| 2019 | | | | | | | 1,027 | | | 1,671 | | | 1,798 | | | 1,855 | | | 1,881 | | | 1,896 | | | 1,922 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 123 after “Chubb Limited and Subsidiaries”
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| North America Commercial P&C Insurance — Non-Casualty — Short-tail (continued) | |
| Net Liabilities for Loss and Allocated Loss Adjustment Expenses | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $10 |
| Accident years 2016 - 2025 from tables above | 3,333 |
| All Accident years | $3,343 |
Table 124 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: (Favorable)/ Adverse Prior Period Development | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $11 |
| Accident years 2016 - 2025 from tables above | (382) |
| All Accident years | $(371) |
Table 125 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2025 (Unaudited) | | | | | | | | | | |
| Age in Years | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Percentage | 44% | 37% | 9% | 4% | 1% | 1% | 1% | —% | 1% | —% |
Table 126 after “Chubb provides personal lines coverages for high-net-worth individuals and families in North America including homeowners, automobile, valua”
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| Net Incurred Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31 | | As of December 31 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | Net IBNR Reserves | Reported Claims (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | 2016 | | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | | | | | | | |
| 2016 | $2,431 | | | $2,526 | | | $2,536 | | | $2,474 | | | $2,462 | | | $2,455 | | | $2,463 | | | $2,465 | | | $2,471 | | | $2,471 | | | $16 | | | 154 |
| 2017 | | | 3,025 | | | 3,060 | | | 2,993 | | | 2,989 | | | 2,989 | | | 2,998 | | | 3,008 | | | 3,009 | | | 3,011 | | | 18 | | | 163 | |
| 2018 | | | | | 2,999 | | | 3,027 | | | 3,092 | | | 3,107 | | | 3,128 | | | 3,118 | | | 3,119 | | | 3,140 | | | 17 | | | 170 | | |
| 2019 | | | | | | | 2,945 | | | 2,983 | | | 2,983 | | | 2,975 | | | 2,955 | | | 2,974 | | | 2,969 | | | 26 | | | 157 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 127 after “Chubb Limited and Subsidiaries”
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| North America Personal P&C Insurance — Short-tail (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Years Ended December 31 | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | |
| 2016 | | $1,448 | | $2,045 | | | $2,203 | | | $2,306 | | | $2,362 | | | $2,389 | | | $2,420 | | | $2,438 | | | $2,441 | | | $2,445 |
| 2017 | | | 1,692 | | | 2,512 | | | 2,659 | | | 2,791 | | | 2,861 | | | 2,928 | | | 2,969 | | | 2,981 | | | 2,980 | |
| 2018 | | | | | 1,920 | | | 2,540 | | | 2,697 | | | 2,855 | | | 2,969 | | | 3,035 | | | 3,069 | | | 3,099 | | |
First 8 of 16 rows. The CSV has all of them.
Table 128 after “Chubb Limited and Subsidiaries”
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| Net Liabilities for Loss and Allocated Loss Adjustment Expenses | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $51 |
| Accident years 2016 - 2025 from tables above | 4,834 |
| All Accident years | $4,885 |
Table 129 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: (Favorable)/ Adverse Prior Period Development | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $4 |
| Accident years 2016 - 2025 from tables above | (401) |
| All Accident years | $(397) |
Table 130 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2025 (Unaudited) | | | | | | | | | | |
| Age in Years | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Percentage | 52% | 25% | 7% | 5% | 3% | 2% | 1% | 1% | —% | —% |
Table 131 after “percent of Chubb Overseas General business is generated by European accounts, exclusive of Lloyd's market. There is some U.S. exposure in Ca”
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| Net Incurred Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31 | | As of December 31 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | Net IBNR Reserves | | Reported Claims (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | | | | | | | |
| 2016 | $1,184 | | $1,287 | | | $1,354 | | | $1,380 | | | $1,367 | | | $1,377 | | | $1,307 | | | $1,320 | | | $1,330 | | | $1,274 | | | $80 | | | 42 |
| 2017 | | 1,176 | | | 1,277 | | | 1,325 | | | 1,375 | | | 1,335 | | | 1,368 | | | 1,333 | | | 1,334 | | | 1,301 | | | 54 | | | 43 | |
| 2018 | | | | 1,274 | | | 1,325 | | | 1,388 | | | 1,432 | | | 1,387 | | | 1,364 | | | 1,362 | | | 1,339 | | | 94 | | | 44 | | |
| 2019 | | | | | | 1,346 | | | 1,415 | | | 1,437 | | | 1,425 | | | 1,383 | | | 1,299 | | | 1,270 | | | 124 | | | 43 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 132 after “percent of Chubb Overseas General business is generated by European accounts, exclusive of Lloyd's market. There is some U.S. exposure in Ca”
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| Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Years Ended December 31 | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | |
| 2016 | | $122 | | $312 | | | $515 | | | $661 | | | $783 | | | $876 | | | $1,002 | | | $1,027 | | | $1,056 | | | $1,093 |
| 2017 | | | 92 | | | 306 | | | 511 | | | 669 | | | 833 | | | 965 | | | 1,019 | | | 1,084 | | | 1,133 | |
| 2018 | | | | | 107 | | | 318 | | | 481 | | | 622 | | | 746 | | | 905 | | | 1,018 | | | 1,047 | | |
| 2019 | | | | | | | 120 | | | 323 | | | 455 | | | 666 | | | 748 | | | 863 | | | 955 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 133 after “percent of Chubb Overseas General business is generated by European accounts, exclusive of Lloyd's market. There is some U.S. exposure in Ca”
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| Net Liabilities for Loss and Allocated Loss Adjustment Expenses | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $734 |
| Accident years 2016 - 2025 from tables above | 8,880 |
| All Accident years | $9,614 |
Table 134 after “Chubb Limited and Subsidiaries”
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| Overseas General Insurance — Casualty — Long-tail (continued) | |
| Supplementary Information: (Favorable)/ Adverse Prior Period Development | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $45 |
| Accident years 2016 - 2025 from tables above | (65) |
| All Accident years | $(20) |
Table 135 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2025 (Unaudited) | | | | | | | | | | |
| Age in Years | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Percentage | 7% | 13% | 12% | 13% | 10% | 9% | 7% | 3% | 3% | 3% |
Table 136 after “This product line comprises commercial fire, marine (predominantly cargo), surety, personal automobile (in Latin America, and Asia), persona”
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| Net Incurred Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31 | | As of December 31 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | Net IBNR Reserves | | Reported Claims (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | | | | | | | |
| 2016 | $2,082 | | $2,082 | | | $2,069 | | | $2,046 | | | $2,050 | | | $2,081 | | | $2,080 | | | $2,066 | | | $2,046 | | | $2,046 | | | $3 | | | 701 |
| 2017 | | 2,249 | | | 2,295 | | | 2,279 | | | 2,260 | | | 2,284 | | | 2,281 | | | 2,248 | | | 2,285 | | | 2,279 | | | 29 | | | 714 | |
| 2018 | | | | 2,200 | | | 2,289 | | | 2,250 | | | 2,225 | | | 2,197 | | | 2,186 | | | 2,165 | | | 2,146 | | | 15 | | | 742 | | |
| 2019 | | | | | | 2,231 | | | 2,252 | | | 2,191 | | | 2,179 | | | 2,175 | | | 2,155 | | | 2,148 | | | 3 | | | 768 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 137 after “Chubb Limited and Subsidiaries”
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| Overseas General Insurance — Non-Casualty — Short-tail (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Years Ended December 31 | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | |
| 2016 | | $1,039 | | $1,704 | | | $1,899 | | | $1,969 | | | $1,994 | | | $2,003 | | | $2,009 | | | $2,013 | | | $2,018 | | | $2,027 |
| 2017 | | | 1,088 | | | 1,894 | | | 2,069 | | | 2,144 | | | 2,186 | | | 2,246 | | | 2,224 | | | 2,224 | | | 2,230 | |
| 2018 | | | | | 1,039 | | | 1,781 | | | 1,983 | | | 2,051 | | | 2,071 | | | 2,082 | | | 2,090 | | | 2,108 | | |
First 8 of 16 rows. The CSV has all of them.
Table 138 after “Chubb Limited and Subsidiaries”
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| Net Liabilities for Loss and Allocated Loss Adjustment Expenses | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $126 |
| Accident years 2016 - 2025 from tables above | 4,328 |
| All Accident years | $4,454 |
Table 139 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: (Favorable)/ Adverse Prior Period Development | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $(17) |
| Accident years 2016 - 2025 from tables above | (312) |
| All Accident years | $(329) |
Table 140 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2025 (Unaudited) | | | | | | | | | | |
| Age in Years | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Percentage | 45% | 32% | 10% | 4% | 1% | 1% | —% | —% | —% | —% |
Table 141 after “Chubb Limited and Subsidiaries”
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| Global Reinsurance — Casualty — Long-tail (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net Incurred Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31 | | As of December 31 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | Net IBNR Reserves | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | 2016 | | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | | | | |
| 2016 | $223 | | | $226 | | | $235 | | | $234 | | | $243 | | | $243 | | | $248 | | | $255 | | | $256 | | | $255 | | | $6 |
| 2017 | | | 214 | | | 215 | | | 220 | | | 217 | | | 218 | | | 218 | | | 225 | | | 228 | | | 230 | | | 6 | |
| 2018 | | | | | 245 | | | 248 | | | 255 | | | 251 | | | 255 | | | 262 | | | 267 | | | 270 | | | 13 | | |
First 8 of 16 rows. The CSV has all of them.
Table 142 after “Chubb Limited and Subsidiaries”
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| Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Years Ended December 31 | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | | 2016 | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | |
| 2016 | | $57 | | $113 | | | $142 | | | $159 | | | $175 | | | $192 | | | $209 | | | $220 | | | $231 | | | $237 |
| 2017 | | | 47 | | | 100 | | | 122 | | | 140 | | | 156 | | | 176 | | | 189 | | | 200 | | | 208 | |
| 2018 | | | | | 42 | | | 96 | | | 126 | | | 150 | | | 172 | | | 199 | | | 222 | | | 232 | | |
| 2019 | | | | | | | 40 | | | 90 | | | 117 | | | 140 | | | 164 | | | 185 | | | 197 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 143 after “Chubb Limited and Subsidiaries”
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| Net Liabilities for Loss and Allocated Loss Adjustment Expenses | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $255 |
| Accident years 2016 - 2025 from tables above | 1,156 |
| All Accident years | $1,411 |
Table 144 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: (Favorable)/ Adverse Prior Period Development | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $(9) |
| Accident years 2016 - 2025 from tables above | 6 |
| All Accident years | $(3) |
Table 145 after “Chubb Limited and Subsidiaries”
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| Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2025 (Unaudited) | | | | | | | | | | |
| Age in Years | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Percentage | 14% | 19% | 12% | 9% | 8% | 8% | 6% | 4% | 4% | 2% |
Table 146 after “percent for treaty years 2018 to 2025, with the remainder being written on an excess of loss basis.”
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| Net Incurred Loss and Allocated Loss Adjustment Expenses | | | | As of December 31 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | Net IBNR Reserves | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | 2016 | | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | | | | |
| 2016 | $178 | | | $183 | | | $185 | | | $187 | | | $184 | | | $182 | | | $182 | | | $182 | | | $181 | | | $181 | | | $1 |
| 2017 | | | 395 | | | 421 | | | 451 | | | 449 | | | 453 | | | 456 | | | 454 | | | 454 | | | 453 | | | 7 | |
| 2018 | | | | | 276 | | | 283 | | | 285 | | | 281 | | | 286 | | | 280 | | | 277 | | | 276 | | | — | | |
| 2019 | | | | | | | 128 | | | 126 | | | 124 | | | 118 | | | 115 | | | 115 | | | 116 | | | 3 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 147 after “percent for treaty years 2018 to 2025, with the remainder being written on an excess of loss basis.”
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| Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Years Ended December 31 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (in millions of U.S. dollars) | Unaudited | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accident Year | | 2016 | | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | 2025 | | | | | | | | | |
| 2016 | | $56 | | | $129 | | | $156 | | | $167 | | | $173 | | | $176 | | | $176 | | | $178 | | | $178 | | | $179 |
| 2017 | | | | 191 | | | 322 | | | 400 | | | 414 | | | 427 | | | 433 | | | 439 | | | 441 | | | 442 | |
| 2018 | | | | | | 94 | | | 246 | | | 262 | | | 265 | | | 269 | | | 272 | | | 272 | | | 273 | | |
| 2019 | | | | | | | | 35 | | | 79 | | | 93 | | | 101 | | | 103 | | | 108 | | | 109 | | | |
First 8 of 15 rows. The CSV has all of them.
Table 148 after “percent for treaty years 2018 to 2025, with the remainder being written on an excess of loss basis.”
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| Net Liabilities for Loss and Allocated Loss Adjustment Expenses | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $12 |
| Accident years 2016 - 2025 from tables above | 486 |
| All Accident years | $498 |
Table 149 after “percent for treaty years 2018 to 2025, with the remainder being written on an excess of loss basis.”
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| Supplementary Information: (Favorable)/ Adverse Prior Period Development | |
| (in millions of U.S. dollars) | December 31, 2025 |
| Accident years prior to 2016 | $— |
| Accident years 2016 - 2025 from tables above | (21) |
| All Accident years | $(21) |
Table 150 after “Chubb Limited and Subsidiaries”
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| Global Reinsurance — Non-Casualty — Short-tail (continued) | | | | | | | | | | |
| Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2025 (Unaudited) | | | | | | | | | | |
| Age in Years | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Percentage | 34% | 38% | 13% | 5% | 3% | 2% | 1% | —% | —% | —% |
Table 151 after “The following table presents a reconciliation of the loss development triangles above to prior period development (PPD):”
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| Components of PPD | | | | | | | | | | | | | |
| Year Ended December 31, 2025 (in millions of U.S. dollars) (favorable)/unfavorable | 2016 - 2024 accident years (implied PPD per loss triangles) | Accident years prior to 2016 | | Other (1) | | PPD on loss reserves | | RIPs, Expense adjustments, and earned premiums | | Total | | | | |
| North America Commercial P&C Insurance | | | | | | | | | | | | | | |
| Long-tail | $70 | | $(108) | | $(127) | | | | $(165) | | $90 | | | $(75) |
| Short-tail | (382) | | 11 | | (11) | | | | (382) | | 36 | | | (346) |
| (312) | | (97) | | (138) | | (2) | | (547) | | 126 | | (3) | (421) |
| North America Personal P&C Insurance (Short-tail) | (401) | | 4 | | (6) | | | | (403) | | — | | | (403) |
| Overseas General Insurance | | | | | | | | | | | | | | |
First 8 of 19 rows. The CSV has all of them.
Table 152 after “Prior period development (PPD) arises from changes to loss estimates recognized in the current year that relate to loss events that occurred”
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| Years Ended December 31 (in millions of U.S. dollars, except for percentages) | Long-tail | Short-tail | | Total | % of beginning net unpaid reserves (1) | |
| 2025 | | | | | | |
| North America Commercial P&C Insurance | $(75) | | $(346) | | $(421) | 0.6% |
| North America Personal P&C Insurance | — | | (403) | | (403) | 0.6% |
| North America Agricultural Insurance | — | | (121) | | (121) | 0.2% |
| Overseas General Insurance | (30) | | (441) | | (471) | 0.7% |
| Global Reinsurance | (5) | | (18) | | (23) | —% |
| Corporate | 306 | | — | | 306 | 0.5% |
First 8 of 25 rows. The CSV has all of them.
Table 153 after “The following table presents a roll-forward of consolidated A&E loss reserves including allocated loss expense reserves for A&E exposures, a”
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| Asbestos | Environmental | | Total | | | | | | | |
| (in millions of U.S. dollars) | Gross | Net | | Gross | Net | Gross | | Net | | | |
| Balance at December 31, 2022 | $1,098 | | $703 | | $412 | | $310 | | $1,510 | $1,013 | |
| Incurred activity | 180 | | 120 | | 88 | | 63 | | 268 | 183 | (1) |
| Paid activity | (258) | | (169) | | (105) | | (82) | | (363) | (251) | |
| Balance at December 31, 2023 | 1,020 | | 654 | | 395 | | 291 | | 1,415 | 945 | |
| Incurred activity | 176 | | 126 | | 74 | | 47 | | 250 | 173 | (1) |
| Paid activity | (232) | | (172) | | (90) | | (61) | | (322) | (233) | |
First 8 of 12 rows. The CSV has all of them.
Table 154 after “The A&E net loss reserves including allocated loss expense reserves and valuation allowance for uncollectible reinsurance at December 31, 20”
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| December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Brandywine operations | $483 | | $502 |
| Westchester Specialty | 72 | | 86 |
| Chubb Corp | 235 | | 258 |
| Other, mainly Overseas General Insurance | 34 | | 39 |
| Total | $824 | | $885 |
Table 155 after “The following tables present a roll-forward of the liability for future policy benefits included in the Life Insurance segment:”
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| Present Value of Expected Net Premiums | For the Year Ended December 31, 2025 | | | | | | | |
| (in millions of U.S. dollars) | Term Life | Whole Life | | A&H | Other | Total | | |
| Balance – beginning of period | $1,523 | | $4,405 | | $11,626 | | $125 | $17,679 |
| Beginning balance at original discount rate | 1,819 | | 4,303 | | 11,499 | | 124 | 17,745 |
| Effect of changes in cash flow assumptions | (59) | | (65) | | (389) | | 7 | (506) |
| Effect of actual variances from expected experience | 11 | | (20) | | (293) | | 1 | (301) |
| Adjusted beginning of period balance | 1,771 | | 4,218 | | 10,817 | | 132 | 16,938 |
| Issuances | 221 | | 1,656 | | 1,876 | | 409 | 4,162 |
First 8 of 14 rows. The CSV has all of them.
Table 156 after “Net premiums collected represent the portion of gross premiums collected from policyholders that is used to fund expected benefits.”
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| Present Value of Expected Future Policy Benefits | For the Year Ended December 31, 2025 | | | | | | | |
| (in millions of U.S. dollars) | Term Life | Whole Life | | A&H | Other | Total | | |
| Balance – beginning of period | $2,238 | | $12,057 | | $15,693 | | $647 | $30,635 |
| Beginning balance at original discount rate | 2,647 | | 11,242 | | 15,652 | | 601 | 30,142 |
| Effect of changes in cash flow assumptions | (60) | | (93) | | (434) | | 13 | (574) |
| Effect of actual variances from expected experience | 19 | | (21) | | (291) | | 1 | (292) |
| Adjusted beginning of period balance | 2,606 | | 11,128 | | 14,927 | | 615 | 29,276 |
| Issuances | 221 | | 1,656 | | 1,876 | | 409 | 4,162 |
First 8 of 14 rows. The CSV has all of them.
Table 157 after “Chubb Limited and Subsidiaries”
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| Liability for Future Policy Benefits, Life Insurance Segment | December 31, 2025 | | | | | | | |
| (in millions of U.S. dollars) | Term Life | Whole Life | | A&H | Other | Total | | |
| Net liability for future policy benefits | $769 | | $9,042 | | $3,899 | | $658 | $14,368 |
| Deferred profit liability | 319 | | 1,922 | | 234 | | 77 | 2,552 |
| Net liability for future policy benefits, before reinsurance recoverable | 1,088 | | 10,964 | | 4,133 | | 735 | 16,920 |
| Less: Reinsurance recoverable on future policy benefits | 106 | | 48 | | 121 | | 1 | 276 |
| Net liability for future policy benefits, after reinsurance recoverable | $982 | | $10,916 | | $4,012 | | $734 | $16,644 |
| Weighted average duration (years) | 11.0 | 26.5 | | 10.0 | 26.0 | 21.6 | | |
Table 158 after “Chubb Limited and Subsidiaries”
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| Present Value of Expected Net Premiums | For the Year Ended December 31, 2024 | | | | | | | |
| (in millions of U.S. dollars) | Term Life | Whole Life | | A&H | Other | Total | | |
| Balance – beginning of period | $1,590 | | $3,950 | | $10,432 | | $64 | $16,036 |
| Beginning balance at original discount rate | 1,992 | | 3,945 | | 10,692 | | 64 | 16,693 |
| Effect of changes in cash flow assumptions | (141) | | 178 | | 417 | | (4) | 450 |
| Effect of actual variances from expected experience | 11 | | (2) | | (139) | | — | (130) |
| Adjusted beginning of period balance | 1,862 | | 4,121 | | 10,970 | | 60 | 17,013 |
| Issuances | 221 | | 1,211 | | 2,162 | | 86 | 3,680 |
First 8 of 14 rows. The CSV has all of them.
Table 159 after “Chubb Limited and Subsidiaries”
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| Present Value of Expected Future Policy Benefits | For the Year Ended December 31, 2024 | | | | | | | |
| (in millions of U.S. dollars) | Term Life | Whole Life | | A&H | Other | Total | | |
| Balance – beginning of period | $2,254 | | $10,063 | | $14,650 | | $495 | $27,462 |
| Beginning balance at original discount rate | 2,749 | | 9,991 | | 15,071 | | 492 | 28,303 |
| Effect of changes in cash flow assumptions | (141) | | 205 | | 373 | | (5) | 432 |
| Effect of actual variances from expected experience | 20 | | 11 | | (141) | | — | (110) |
| Adjusted beginning of period balance | 2,628 | | 10,207 | | 15,303 | | 487 | 28,625 |
| Issuances | 221 | | 1,211 | | 2,162 | | 86 | 3,680 |
First 8 of 14 rows. The CSV has all of them.
Table 160 after “Chubb Limited and Subsidiaries”
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| Liability for Future Policy Benefits, Life Insurance Segment | December 31, 2024 | | | | | | | |
| (in millions of U.S. dollars, except for years) | Term Life | Whole Life | | A&H | Other | Total | | |
| Net liability for future policy benefits | $715 | | $7,652 | | $4,067 | | $522 | $12,956 |
| Deferred profit liability | 279 | | 1,210 | | 196 | | 39 | 1,724 |
| Net liability for future policy benefits, before reinsurance recoverable | 994 | | 8,862 | | 4,263 | | 561 | 14,680 |
| Less: Reinsurance recoverable on future policy benefits | 108 | | 47 | | 113 | | 1 | 269 |
| Net liability for future policy benefits, after reinsurance recoverable | $886 | | $8,815 | | $4,150 | | $560 | $14,411 |
| Weighted average duration (years) | 10.4 | 27.8 | | 9.8 | 18.6 | 21.3 | | |
Table 161 after “The following table presents a reconciliation of the roll-forwards above to the Future policy benefits liability presented in the Consolidat”
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| December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Net liability for future policy benefits, Life Insurance segment | $14,368 | | $12,956 |
| Other (1) | 1,500 | | 1,441 |
| Deferred profit liability | 2,552 | | 1,724 |
| Liability for future policy benefits, per consolidated balance sheet | $18,420 | | $16,121 |
Table 162 after “The following table presents the amount of undiscounted and discounted expected gross premiums and expected future policy benefit payments i”
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| December 31 | December 31 | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Term Life | | | |
| Undiscounted expected future benefit payments | $4,486 | | $4,141 |
| Undiscounted expected future gross premiums | 6,789 | | 6,508 |
| Discounted expected future benefit payments | 2,313 | | 2,238 |
| Discounted expected future gross premiums | 4,556 | | 4,400 |
| Whole Life | | | |
First 8 of 22 rows. The CSV has all of them.
Table 163 after “The following table presents the amount of revenue and interest recognized in the Consolidated statements of operations for the Life Insuran”
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| Gross Premiums or Assessments | Interest Accretion | | | | | | | | |
| For the Years Ended | For the Years Ended | | | | | | | | |
| December 31 | December 31 | | | | | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | 2025 | 2024 | | 2023 | | |
| Life Insurance | | | | | | | | | | |
| Term Life | $734 | | $684 | | $641 | | $21 | | $18 | $19 |
| Whole Life | 2,674 | | 1,962 | | 1,259 | | 253 | | 203 | 165 |
| A&H | 3,109 | | 3,016 | | 2,918 | | 131 | | 128 | 141 |
First 8 of 10 rows. The CSV has all of them.
Table 164 after “The following table presents the weighted-average interest rates for the Life Insurance segment:”
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| Interest Accretion Rate | Current Discount Rate | | | | | | | | |
| December 31 | December 31 | | | | | | | | |
| 2025 | 2024 | | 2023 | 2025 | 2024 | | 2023 | | |
| Life Insurance | | | | | | | | | | |
| Term Life | 3.1% | | 3.0% | | 2.8% | | 5.4% | | 5.4% | 5.2% |
| Whole Life | 3.4% | | 3.3% | | 3.2% | | 4.2% | | 4.1% | 4.6% |
| A&H | 4.3% | | 3.9% | | 3.7% | | 5.9% | | 5.8% | 6.2% |
| Other | 3.3% | | 2.8% | | 2.6% | | 3.5% | | 3.8% | 4.1% |
Table 165 after “The following tables present a roll-forward of policyholders' account balances:”
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| For the Year Ended December 31, 2025 | | | | | |
| (in millions of U.S. dollars) | Universal Life | Annuities (4) | | Other (5) | Total | |
| Balance – beginning of period | $1,809 | | $2,585 | | $2,354 | $6,748 |
| Premiums received | 215 | | 268 | | 364 | 847 |
| Policy charges (1) | (105) | | — | | (9) | (114) |
| Surrenders and withdrawals | (124) | | (34) | | (188) | (346) |
| Benefit payments (2) | (26) | | (136) | | (86) | (248) |
| Interest credited | 47 | | 48 | | 68 | 163 |
First 8 of 13 rows. The CSV has all of them.
Table 166 after “Primarily comprises policyholder account balances related to investment linked products including endowment and investment contracts, none o”
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| For the Year Ended December 31, 2024 | | | | | |
| (in millions of U.S. dollars) | Universal Life | Annuities (4) | | Other (5) | Total | |
| Balance – beginning of period | $1,876 | | $2,411 | | $2,502 | $6,789 |
| Premiums received | 276 | | 339 | | 413 | 1,028 |
| Policy charges (1) | (136) | | — | | (11) | (147) |
| Surrenders and withdrawals | (122) | | (39) | | (278) | (439) |
| Benefit payments (2) | (60) | | (139) | | (78) | (277) |
| Interest credited | 50 | | 41 | | 68 | 159 |
First 8 of 13 rows. The CSV has all of them.
Table 167 after “Chubb Limited and Subsidiaries”
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| December 31 | | | | | | | | | | | | |
| 2025 | 2024 | | | | | | | | | | | |
| (in millions of U.S. dollars, except for percentages) | Universal Life | Annuities (1) | | Other | | Universal Life | Annuities (1) | | Other | | | | |
| Weighted-average crediting rate (2) | 3.4% | | N/A | | 3.3% | | 3.7% | | | N/A | | 3.1% | |
| Net amount at risk (3) | $11,115 | | $31 | | | $342 | | $12,369 | | | $— | | $425 |
| Cash Surrender Value | $1,771 | | $1,864 | | | $2,241 | | $1,649 | | | $1,678 | | $2,060 |
| December 31, 2025 | | | | | | | |
| (in millions of U.S. dollars) | At Guaranteed Minimum | 1 Basis Point - 50 Basis Points Above | | 51 Basis Points - 150 Basis Points Above | Greater Than 150 Basis Points Above | Total | | |
| Guaranteed minimum crediting rates | | | | | | | | |
| Up to 2.00% | $— | | $— | | $51 | | $198 | $249 |
| 2.01% – 4.00% | 491 | | 311 | | 346 | | — | 1,148 |
| Greater than 4.00% | 18 | | — | | — | | — | 18 |
| Fixed rate or no guarantee | | | | | | 484 | | |
| Total | $509 | | $311 | | $397 | | $198 | $1,899 |
| December 31, 2024 | | | | | | | |
| (in millions of U.S. dollars) | At Guaranteed Minimum | 1 Basis Point - 50 Basis Points Above | | 51 Basis Points - 150 Basis Points Above | Greater Than 150 Basis Points Above | Total | | |
| Guaranteed minimum crediting rates | | | | | | | | |
| Up to 2.00% | $4 | | $— | | $46 | | $106 | $156 |
| 2.01% – 4.00% | 245 | | 615 | | 349 | | — | 1,209 |
| Greater than 4.00% | 13 | | — | | — | | — | 13 |
| Fixed rate or no guarantee | | | | | | 431 | | |
| Total | $262 | | $615 | | $395 | | $106 | $1,809 |
Table 170 after “Other policyholders' account balances”
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| December 31, 2025 | | | | | | | |
| (in millions of U.S. dollars) | At Guaranteed Minimum | 1 Basis Point - 50 Basis Points Above | | 51 Basis Points - 150 Basis Points Above | Greater Than 150 Basis Points Above | Total | | |
| Guaranteed minimum crediting rates | | | | | | | | |
| Up to 2.00% | $3 | | $6 | | $90 | | $65 | $164 |
| 2.01% – 4.00% | 1,095 | | 53 | | — | | — | 1,148 |
| Greater than 4.00% | — | | — | | — | | — | — |
| Fixed rate or no guarantee | | | | | | 1,219 | | |
| Total | $1,098 | | $59 | | $90 | | $65 | $2,531 |
Table 171 after “Other policyholders' account balances”
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| December 31, 2024 | | | | | | | |
| (in millions of U.S. dollars) | At Guaranteed Minimum | 1 Basis Point - 50 Basis Points Above | | 51 Basis Points - 150 Basis Points Above | Greater Than 150 Basis Points Above | Total | | |
| Guaranteed minimum crediting rates | | | | | | | | |
| Up to 2.00% | $8 | | $6 | | $158 | | $2 | $174 |
| 2.01% – 4.00% | 987 | | 50 | | — | | — | 1,037 |
| Greater than 4.00% | — | | — | | — | | — | — |
| Fixed rate or no guarantee | | | | | | 1,143 | | |
| Total | $995 | | $56 | | $158 | | $2 | $2,354 |
Table 172 after “The following table presents the aggregate fair value of Separate account assets, by major security type:”
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| December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Cash and cash equivalents | $73 | | $234 |
| Mutual funds | 6,785 | | 5,931 |
| Fixed maturities | 67 | | 66 |
| Total | $6,925 | | $6,231 |
Table 173 after “The following table presents a roll-forward of separate account liabilities:”
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| For the Years Ended | | |
| December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Balance – beginning of period | $6,231 | | $5,573 |
| Premiums and deposits | 1,394 | | 1,629 |
| Policy charges | (164) | | (158) |
| Surrenders and withdrawals | (997) | | (910) |
| Benefit payments | (466) | | (430) |
First 8 of 12 rows. The CSV has all of them.
Table 174 after “The following table presents a roll-forward of unearned revenue liabilities:”
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| For the Years Ended December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Balance – beginning of period | $711 | | $673 |
| Deferred revenue | 130 | | 144 |
| Amortization | (77) | | (73) |
| Other (including foreign exchange) | (6) | | (33) |
| Balance – end of period | $758 | | $711 |
Table 175 after “The following table presents a roll-forward of MRB:”
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| For the Years Ended December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Balance – beginning of period | $607 | | $771 |
| Balance, beginning of period, before effect of changes in the instrument-specific credit risk | 592 | | 749 |
| Interest rate changes | 25 | | (130) |
| Effect of market movements (1) | (131) | | (125) |
| Effect of changes in volatilities | 30 | | 1 |
| Actual policyholder behavior different from expected behavior | 46 | | 55 |
First 8 of 15 rows. The CSV has all of them.
Table 176 after “Chubb Limited and Subsidiaries”
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| Valuation Technique | Significant Unobservable Inputs | December 31, 2025 | December 31, 2024 | | |
| Ranges | Weighted Average(1) | Ranges | Weighted Average(1) | | |
| MRB (1) | Actuarial model | Lapse rate | 0.5% – 27.3% | 3.2% | 0.5% – 27.3% | 3.4% |
| | Annuitization rate | 0% – 100% | 5.0% | 0% – 100% | 4.5% |
Table 177 after “The following table presents pre-tax income and the related provision for income taxes:”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Pre-tax income: | | | | | |
| Domestic | $185 | | $121 | | $44 |
| Foreign | 12,859 | | 11,334 | | 9,482 |
| Total pre-tax income | $13,044 | | $11,455 | | $9,526 |
| Provision for income taxes | | | | | |
| Current tax expense: | | | | | |
First 8 of 16 rows. The CSV has all of them.
Table 178 after “The following tables present a reconciliation of the difference between the provision for income taxes and the expected tax provision at the”
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| Year Ended December 31, 2025 | | |
| (in millions of U.S. dollars) | Amount | Percent | |
| Expected tax provision at Swiss statutory tax rate (1) | $1,021 | | 7.8% |
| Foreign tax effects | | | |
| Bermuda: | | | |
| Statutory tax rate difference between Bermuda and Switzerland | 327 | | 2.5% |
| Tax credits: | | | |
| Credits for taxes paid to foreign jurisdictions | (157) | | (1.2)% |
First 8 of 18 rows. The CSV has all of them.
Table 179 after “The following tables present a reconciliation of the difference between the provision for income taxes and the expected tax provision at the”
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| Year Ended December 31 | |
| (in millions of U.S. dollars) | 2024 | 2023 |
| Expected tax provision at Swiss statutory tax rate (1) | $2,251 | $1,872 |
| Permanent differences: | | |
| Taxes on earnings subject to rate other than Swiss statutory rate | (510) | (389) |
| Bermuda tax law enactment | (55) | (1,135) |
| Net withholding taxes | 145 | 15 |
| Other | (16) | 148 |
First 8 of 9 rows. The CSV has all of them.
Table 180 after “The following table presents supplemental cash flow information on Swiss federal, cantonal and communal, and foreign income taxes paid, incl”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Income taxes paid: | | | | | |
| Federal, cantonal and communal | $34 | | | | |
| Foreign | 2,177 | | | | |
| Total income taxes paid (net of refunds) | $2,211 | | $1,662 | | $1,465 |
| Income taxes paid (net of refunds) in jurisdictions exceeding five percent of total: | | | | | |
| Foreign | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 181 after “The following table presents the components of net deferred tax assets and liabilities:”
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| December 31 | |
| (in millions of U.S. dollars) | 2025 | 2024 |
| Deferred tax assets: | | |
| Loss reserve discount | $2,073 | $1,746 |
| Unearned premiums reserve | 713 | 753 |
| Foreign tax credits | 5 | 18 |
| Loss carry-forwards | 162 | 146 |
| Investments (1) | — | 512 |
First 8 of 22 rows. The CSV has all of them.
Table 182 after “The following table presents a reconciliation of the beginning and ending amount of gross unrecognized tax benefits:”
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| Year Ended December 31 | |
| (in millions of U.S. dollars) | 2025 | 2024 |
| Balance, beginning of year | $130 | $73 |
| Additions based on tax positions related to the current year | 5 | 1 |
| Additions based on tax positions related to prior years | 20 | 58 |
| Reductions based on tax positions related to prior years | (26) | (1) |
| Reductions for the lapse of the applicable statutes of limitations | — | (1) |
| Reductions for settlements with taxing authorities | (50) | — |
First 8 of 9 rows. The CSV has all of them.
Table 183 after “The following table summarizes tax years open for examination by major income tax jurisdiction:”
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| At December 31, 2025 | | | |
| Australia | 2019 | - | 2025 |
| Brazil | 2019 | - | 2025 |
| Canada | 2018 | - | 2025 |
| China | 2022 | - | 2025 |
| France | 2023 | - | 2025 |
| Germany | 2016 | - | 2025 |
| Italy | 2020 | - | 2025 |
First 8 of 14 rows. The CSV has all of them.
| December 31 | December 31 | |
| (in millions of U.S. dollars) | 2025 | 2024 | Early Redemption Option |
| Short-term debt | | | |
| Chubb INA: | | | |
| $800 million 3.15% senior notes due March 2025 | $— | $800 | Make-whole premium plus 15 bps |
| $1,500 million 3.35% senior notes due May 2026 | 1,499 | — | Make-whole premium plus 20 bps |
| Total short-term debt | $1,499 | $800 | |
| Long-term debt | | | |
First 8 of 38 rows. The CSV has all of them.
Table 185 after “The following table presents the balance sheet location, fair value in an asset or (liability) position, and notional value/payment provisio”
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| | | December 31, 2025 | | | | December 31, 2024 | | | | | | | |
| Consolidated Balance Sheet Location | | Fair Value | | Notional Amount/ Payment Provision | | | | Fair Value | | Notional Amount/ Payment Provision | | | |
| | Derivative Asset | | Derivative (Liability) | | | | Derivative Asset | | Derivative (Liability) | | | | |
| (in millions of U.S. dollars) | | | | | | | | | | | | | | |
| Investment and embedded derivatives not designated as hedging instruments: | | | | | | | | | | | | | | |
| Foreign currency forward contracts | OA / (AP) | | $18 | | | $(230) | | | $4,912 | | | $41 | $(295) | $3,959 |
| Options/Futures/Forward contracts on notes and bonds | OA / (AP) | | 4 | | | (12) | | | 1,216 | | | — | (8) | 449 |
| Convertible securities (1) | FM AFS / ES | | 6 | | | — | | | 5 | | | 12 | — | 12 |
First 8 of 17 rows. The CSV has all of them.
Table 186 after “These hedges are carried at fair value, with changes in fair value recorded in Other comprehensive income (OCI). The gains or losses on the ”
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| Year Ended December 31 | | |
| (pre-tax, in millions of U.S. dollars) | 2025 | 2024 | |
| Gain (loss) recognized in OCI | $76 | | $(38) |
| Net realized gain (loss) reclassified from OCI | 231 | | (103) |
| Interest expense reclassified from OCI | (19) | | (15) |
| OCI gain (loss) after reclassifications | $(136) | | $80 |
Table 187 after “The following table presents the OCI impact of derivative and non-derivative net investment hedges:”
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| Year Ended December 31 | | |
| (pre-tax, in millions of U.S. dollars) | 2025 | 2024 | |
| Cross-currency swaps: | | | |
| Gain (loss) recognized in OCI | $(63) | | $58 |
| Interest income reclassified from OCI | 29 | | 19 |
| Total cross currency swaps | $(92) | | $39 |
| Foreign denominated debt: | | | |
| Gain (loss) recognized in OCI | (26) | | — |
First 8 of 9 rows. The CSV has all of them.
Table 188 after “The following table presents net gains (losses) related to derivative instrument activity in the Consolidated statements of operations:”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Investment and embedded derivative instruments: | | | | | |
| Foreign currency forward contracts | $(16) | | $(213) | | $(50) |
| Options/Futures/Forward contracts on notes and bonds | (21) | | 22 | | (2) |
| Convertible securities (1) | — | | 2 | | (1) |
| Total investment and embedded derivative instruments | $(37) | | $(189) | | $(53) |
| Other derivative instruments: | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 189 after “The following table presents the carrying value of collateral held under securities lending agreements by investment category and remaining ”
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| Remaining contractual maturity | | |
| December 31, 2025 | December 31, 2024 | |
| (in millions of U.S. dollars) | Overnight and Continuous | | |
| Collateral held under securities lending agreements: | | | |
| Cash | $1,332 | | $557 |
| U.S. and local government securities | 234 | | 148 |
| Non-U.S. | 768 | | 663 |
| Corporate and asset-backed securities | 62 | | 49 |
First 8 of 11 rows. The CSV has all of them.
Table 190 after “The following table presents the carrying value of collateral pledged under repurchase agreements by investment category and remaining contr”
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| Remaining contractual maturity | | | | | | | | | | | | |
| December 31, 2025 | December 31, 2024 | | | | | | | | | | | |
| Up to 30 Days | 30-90 Days | | Greater than 90 Days | | Up to 30 Days | | 30-90 Days | Greater than 90 Days | Total | | | |
| (in millions of U.S. dollars) | | Total | | | | | | | | | | | |
| Collateral pledged under repurchase agreements: | | | | | | | | | | | | | |
| Cash | $— | | $— | | $— | | $— | | $— | | $19 | $2 | $21 |
| U.S. and local government securities | — | | 129 | | — | | 129 | | — | | — | 104 | 104 |
| Non-U.S. | 1,496 | | — | | — | | 1,496 | | 1,387 | | — | — | 1,387 |
First 8 of 14 rows. The CSV has all of them.
Table 191 after “Future minimum lease payments under the operating leases are expected to be as follows:”
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| For the years ending December 31 | |
| (in millions of U.S. dollars) | |
| Undiscounted cash flows: | |
| 2026 | $210 |
| 2027 | 175 |
| 2028 | 142 |
| 2029 | 120 |
| 2030 | 103 |
First 8 of 12 rows. The CSV has all of them.
Table 192 after “The following table presents dividend distributions per Common Share in Swiss francs (CHF) and U.S. dollars (USD):”
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| Year Ended December 31 | | | | | | | | | |
| | 2025 | | | 2024 | | | 2023 | | |
| CHF | USD | | CHF | USD | CHF | | USD | | |
| Total dividend distributions per common share | 3.18 | | $3.82 | | 3.15 | | $3.59 | | 3.05 | $3.41 |
Table 193 after “b) Shares issued, outstanding, authorized, and conditional”
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| Year Ended December 31 | | | | |
| 2025 | 2024 | | 2023 | |
| Common Shares authorized and issued, beginning of year | 419,625,986 | | 431,451,586 | | 446,376,614 |
| Cancellation of treasury shares | (7,518,565) | | (11,825,600) | | (14,925,028) |
| Common Shares authorized and issued, end of year | 412,107,421 | | 419,625,986 | | 431,451,586 |
| Common Shares in treasury, beginning of year | (18,922,323) | | (26,181,949) | | (31,781,758) |
| Net shares issued under employee share-based compensation plans | 2,384,138 | | 2,952,591 | | 2,500,381 |
| Shares repurchased | (11,986,574) | | (7,518,565) | | (11,825,600) |
First 8 of 11 rows. The CSV has all of them.
Table 194 after “Share repurchases may be in the open market, in privately negotiated transactions, block trades, accelerated repurchases and through option ”
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| Year Ended December 31 | January 1, 2026 through | | | | |
| (in millions of U.S. dollars, except share data) | 2025 | 2024 | | 2023 | February 26, 2026 | |
| Number of shares repurchased | 11,986,574 | | 7,518,565 | | 11,825,600 | 1,716,988 |
| Cost of shares repurchased | $3,387 | | $2,024 | | $2,478 | $551 |
Table 195 after “The following table presents changes in accumulated other comprehensive income (loss):”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Accumulated other comprehensive income (loss) (AOCI) | | | | | |
| Net unrealized appreciation (depreciation) on investments | | | | | |
| Balance – beginning of year, net of tax | $(4,552) | | $(4,177) | | $(7,279) |
| Change in year, before reclassification from AOCI (before tax) | 2,452 | | (553) | | 2,948 |
| Amounts reclassified from AOCI (before tax) | 203 | | 302 | | 500 |
| Change in year, before tax | 2,655 | | (251) | | 3,448 |
First 8 of 35 rows. The CSV has all of them.
Table 196 after “Chubb Limited and Subsidiaries”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Accumulated other comprehensive income (loss) (AOCI) - continued | | | | | |
| Fair value hedging instruments | | | | | |
| Balance – beginning of year, net of tax | 50 | | (13) | | (66) |
| Change in year, before reclassification from AOCI (before tax) | 76 | | (38) | | 101 |
| Amounts reclassified from AOCI (before tax) | (212) | | 118 | | (34) |
| Change in year, before tax | (136) | | 80 | | 67 |
First 8 of 20 rows. The CSV has all of them.
Table 197 after “The following table presents reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operatio”
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| | | | Consolidated Statement of Operations Location | | |
| Year Ended December 31 | | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | | |
| Fixed maturities available-for-sale | $(203) | | $(302) | | $(500) | Net realized gains (losses) |
| Income tax benefit | 33 | | 92 | | 62 | Income tax expense |
| $(170) | | $(210) | | $(438) | Net income |
| Cumulative foreign currency translation adjustment | | | | | | |
| Cross-currency swaps | $29 | | $19 | | $13 | Interest expense |
First 8 of 16 rows. The CSV has all of them.
Table 198 after “The following table presents pre-tax and after-tax share-based compensation expense:”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Stock options and shares issued under ESPP: | | | | | |
| Pre-tax | $91 | | $83 | | $71 |
| After-tax (1) | $58 | | $49 | | $56 |
| Restricted stock: | | | | | |
| Pre-tax | $308 | | $274 | | $253 |
| After-tax (1) | $234 | | $210 | | $202 |
Table 199 after “Chubb's 2025 share-based compensation expense includes a portion of the cost related to the 2022 through 2025 stock option grants. Stock opt”
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| Year Ended December 31 | | | | |
| 2025 | 2024 | | 2023 | |
| Dividend yield | 1.3% | | 1.4% | | 1.7% |
| Expected volatility | 23.0% | | 22.0% | | 23.0% |
| Risk-free interest rate | 4.0% | | 4.3% | | 4.1% |
| Expected life | 5.6 years | 5.7 years | | 5.7 years | |
Table 200 after “The following table presents a roll-forward of Chubb's stock options:”
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| (Intrinsic Value in millions of U.S. dollars) | Number of Options | Weighted-Average Exercise Price | | Weighted-Average Fair Value | Total Intrinsic Value | |
| Options outstanding, December 31, 2022 | 10,410,278 | | $146.81 | | | |
| Granted | 1,540,002 | | $208.60 | | $51.32 | |
| Exercised | (1,249,350) | | $127.45 | | | $107 |
| Forfeited and expired | (220,046) | | $191.57 | | | |
| Options outstanding, December 31, 2023 | 10,480,884 | | $157.24 | | | |
| Granted | 1,360,644 | | $254.84 | | $64.15 | |
| Exercised | (2,173,668) | | $136.82 | | | $265 |
First 8 of 15 rows. The CSV has all of them.
Table 201 after “restricted stock awards that were granted to non-management directors during the years ended December 31, 2025, 2024, and 2023, respectively”
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| Service-based Restricted Stock Awards and Restricted Stock Units | Performance-based Restricted Stock Awards and Restricted Stock Units | | | | |
| Number of Shares | Weighted-Average Grant-Date Fair Value | | Number of Shares | Weighted-Average Grant-Date Fair Value | |
| Unvested restricted stock, December 31, 2022 | 2,853,870 | | $172.39 | | 794,792 | $173.83 |
| Granted | 1,166,706 | | $208.07 | | 407,825 | $208.60 |
| Vested | (1,142,911) | | $161.88 | | (203,533) | $150.11 |
| Forfeited | (203,850) | | $186.58 | | — | $— |
| Unvested restricted stock, December 31, 2023 | 2,673,815 | | $191.35 | | 999,084 | $192.85 |
| Granted | 1,009,991 | | $255.16 | | 392,775 | $254.34 |
First 8 of 15 rows. The CSV has all of them.
Table 202 after “The funded status of the pension and other postretirement benefit plans as well as the amounts recognized in the Consolidated balance sheets”
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| Pension Benefit Plans | Other Postretirement Benefit Plans | | | | | | |
| 2025 | 2024 | | 2025 | 2024 | | | |
| U.S. Plans | Non-U.S. Plans | | U.S. Plans | Non-U.S. Plans | | | |
| (in millions of U.S. dollars) | | | | | | | | |
| Benefit obligation, beginning of year | $2,654 | | $684 | | $2,833 | $743 | $25 | $36 |
| Service cost | — | | 9 | | — | 9 | 1 | 1 |
| Interest cost | 135 | | 37 | | 134 | 36 | 1 | 2 |
| Actuarial loss (gain) | 34 | | (22) | | (162) | (54) | (1) | (2) |
First 8 of 27 rows. The CSV has all of them.
Table 203 after “The following table provides information on pension plans where the benefit obligation is in excess of plan assets at December 31, 2025 and ”
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| 2025 | 2024 | | | | |
| U.S. Plans | Non-U.S. Plans | | U.S. Plans | Non-U.S. Plans | |
| (in millions of U.S. dollars) | | | | | | |
| Plans with projected benefit obligation in excess of plan assets: | | | | | | |
| Projected benefit obligation | $34 | | $110 | | $41 | $95 |
| Fair value of plan assets | — | | 51 | | — | 41 |
| Net funded status | $(34) | | $(59) | | $(41) | $(54) |
| Plans with accumulated benefit obligation in excess of plan assets: | | | | | | |
First 8 of 10 rows. The CSV has all of them.
Table 204 after “At December 31, 2025, our estimated expected future benefit payments are as follows:”
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| Pension Benefit Plans | Other Postretirement Benefit Plans | | |
| For the years ending December 31 | U.S. Plans | Non-U.S. Plans | | |
| (in millions of U.S. dollars) | | | | |
| 2026 | $184 | | $48 | $1 |
| 2027 | 187 | | 42 | 1 |
| 2028 | 190 | | 41 | 2 |
| 2029 | 194 | | 43 | 2 |
| 2030 | 195 | | 47 | 2 |
First 8 of 9 rows. The CSV has all of them.
Table 205 after “The weighted-average assumptions used to determine the projected benefit obligation were as follows:”
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| Pension Benefit Plans | | | | | |
| U.S. Plans | Non-U.S. Plans | | Other Postretirement Benefit Plans | | |
| December 31, 2025 | | | | | | |
| Discount rate | 5.39% | | 5.66% | | | 6.91% |
| Rate of compensation increase (1) | N/A | 3.47% | | | N/A | |
| Interest crediting rate | 4.75% | | | | | |
| December 31, 2024 | | | | | | |
| Discount rate | 5.56% | | 5.62% | | | 6.46% |
First 8 of 10 rows. The CSV has all of them.
Table 206 after “The components of net pension and other postretirement benefit costs (benefits) reflected in Net income and other changes in plan assets and”
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| Pension Benefit Plans | Other Postretirement Benefit Plans | | | | | | | | | | | | | |
| U.S. Plans | Non-U.S. Plans | | | | | | | | | | | | | |
| Year Ended December 31 | 2025 | 2024 | | 2023 | 2025 | 2024 | | 2023 | 2025 | 2024 | | 2023 | | | |
| (in millions of U.S. dollars) | | | | | | | | | | | | | | | |
| Costs reflected in Net income, pre-tax: | | | | | | | | | | | | | | | |
| Service cost | $— | | $— | | $— | | $9 | | $9 | | $7 | | $1 | $1 | $— |
| Non-service cost (benefit): | | | | | | | | | | | | | | | |
| Interest cost | 135 | | 134 | | 138 | | 37 | | 36 | | 36 | | 1 | 2 | 2 |
First 8 of 20 rows. The CSV has all of them.
Table 207 after “The line items in which the service cost and non-service cost (benefit) components of net periodic benefit cost (benefit) are included in th”
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| Pension Benefit Plans | Other Postretirement Benefit Plans | | | | | | | | |
| Year Ended December 31 | 2025 | 2024 | | 2023 | 2025 | 2024 | | 2023 | | |
| (in millions of U.S. dollars) | | | | | | | | | | |
| Service cost: | | | | | | | | | | |
| Administrative expenses | $9 | | $9 | | $7 | | $1 | | $1 | $— |
| Total service cost | 9 | | 9 | | 7 | | 1 | | 1 | — |
| Non-service cost (benefit): | | | | | | | | | | |
| Losses and loss expenses | (13) | | (12) | | (9) | | (2) | | (1) | — |
First 8 of 11 rows. The CSV has all of them.
Table 208 after “The weighted-average assumptions used to determine the net periodic pension and other postretirement benefit costs were as follows:”
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| Pension Benefit Plans | | | | | |
| U.S. Plans | Non-U.S. Plans | | Other Postretirement Benefit Plans | | |
| Year Ended December 31 | | | | | | |
| 2025 | | | | | | |
| Discount rate in effect for determining service cost | N/A | 6.93% | | | 5.37% | |
| Discount rate in effect for determining interest cost | 5.26% | | 5.43% | | | 6.32% |
| Rate of compensation increase | N/A | 3.61% | | | N/A | |
| Expected long-term rate of return on plan assets | 7.00% | | 5.88% | | | 4.00% |
First 8 of 21 rows. The CSV has all of them.
Table 209 after “The weighted-average healthcare cost trend rate assumptions used to measure the expected cost of healthcare benefits were as follows:”
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| U.S. Plans | Non-U.S. Plans | | | | | | | | |
| 2025 | 2024 | | 2023 | 2025 | 2024 | | 2023 | | |
| Healthcare cost trend rate | 5.98% | | 6.52% | | 5.57% | | 4.98% | | 4.94% | 5.08% |
| Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) | 4.00% | | 4.00% | | 4.00% | | 4.08% | | 4.10% | 4.08% |
| Year that the rate reaches the ultimate trend rate | 2048 | 2048 | | 2046 | 2040 | 2040 | | 2040 | | |
Table 210 after “The following tables present the fair values of the pension plan assets, by valuation hierarchy. For additional information on how we classi”
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| December 31, 2025 | Pension Benefit Plans | | | | | |
| (in millions of U.S. dollars) | Level 1 | Level 2 | | Level 3 | Total | |
| U.S. Plans: | | | | | | |
| Short-term investments | $43 | | $— | | $— | $43 |
| U.S. Treasury / Agency | 462 | | 174 | | — | 636 |
| Non-U.S. and corporate bonds | — | | 595 | | — | 595 |
| U.S. and local government securities | — | | 6 | | — | 6 |
| Equity securities | 1,692 | | — | | — | 1,692 |
First 8 of 15 rows. The CSV has all of them.
Table 211 after “Chubb Limited and Subsidiaries”
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| December 31, 2024 | Pension Benefit Plans | | | | | |
| (in millions of U.S. dollars) | Level 1 | Level 2 | | Level 3 | Total | |
| U.S. Plans: | | | | | | |
| Short-term investments | $59 | | $— | | $— | $59 |
| U.S. Treasury / Agency | 453 | | 88 | | — | 541 |
| Non-U.S. and corporate bonds | — | | 593 | | — | 593 |
| U.S. and local government securities | — | | 6 | | — | 6 |
| Equity securities | 1,547 | | — | | — | 1,547 |
First 8 of 15 rows. The CSV has all of them.
| Year Ended December 31 | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | 2023 | |
| Equity in net income (loss) of partially-owned entities | $1,143 | $967 | | $867 |
| Gains (losses) from fair value changes in separate account assets | 96 | (8) | | (45) |
| Asset management and performance fee revenue | 285 | 265 | | 136 |
| Asset management and performance fee expense | (171) | (146) | | (75) |
| Federal excise and capital taxes | (24) | (21) | | (24) |
| Other | (32) | (34) | | (23) |
First 8 of 9 rows. The CSV has all of them.
Table 213 after “The following tables present the Statement of Operations by segment:”
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| For the Year Ended December 31, 2025 (in millions of U.S. dollars) | North America Commercial P&C Insurance | North America Personal P&C Insurance | | North America Agricultural Insurance | Overseas General Insurance | Global Reinsurance | | Life Insurance | Total | | |
| Net premiums written | $21,280 | | $7,024 | | $2,926 | | $15,024 | | $1,309 | $7,279 | $54,842 |
| Net premiums earned | 20,381 | | 6,763 | | 2,919 | | 14,374 | | 1,353 | 7,224 | 53,014 |
| Losses and loss expenses | 12,313 | | 4,517 | | 2,239 | | 6,589 | | 640 | 109 | |
| Policy benefits | — | | — | | — | | 470 | | — | 4,961 | |
| Policy acquisition costs | 2,891 | | 1,337 | | 169 | | 3,724 | | 396 | 1,330 | |
| Administrative expenses | 1,394 | | 336 | | (6) | | 1,435 | | 37 | 836 | |
| Underwriting income | 3,783 | | 573 | | 517 | | 2,156 | | 280 | NM | |
First 8 of 22 rows. The CSV has all of them.
Table 214 after “Chubb Limited and Subsidiaries”
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| For the Year Ended December 31, 2024 (in millions of U.S. dollars) | North America Commercial P&C Insurance | North America Personal P&C Insurance | | North America Agricultural Insurance | Overseas General Insurance | Global Reinsurance | | Life Insurance | Total | | |
| Net premiums written | $20,589 | | $6,532 | | $2,703 | | $13,972 | | $1,346 | $6,326 | $51,468 |
| Net premiums earned | 20,008 | | 6,188 | | 2,705 | | 13,400 | | 1,272 | 6,273 | 49,846 |
| Losses and loss expenses | 12,737 | | 3,584 | | 2,170 | | 6,414 | | 711 | 112 | |
| Policy benefits | — | | — | | — | | 408 | | — | 4,101 | |
| Policy acquisition costs | 2,718 | | 1,239 | | 191 | | 3,410 | | 342 | 1,202 | |
| Administrative expenses | 1,337 | | 351 | | (10) | | 1,351 | | 39 | 880 | |
| Underwriting income | 3,216 | | 1,014 | | 354 | | 1,817 | | 180 | NM | |
First 8 of 22 rows. The CSV has all of them.
Table 215 after “Chubb Limited and Subsidiaries”
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| For the Year Ended December 31, 2023 (in millions of U.S. dollars) | North America Commercial P&C Insurance | North America Personal P&C Insurance | | North America Agricultural Insurance | Overseas General Insurance | Global Reinsurance | | Life Insurance | Total | | |
| Net premiums written | $19,237 | | $5,878 | | $3,188 | | $12,575 | | $1,018 | $5,465 | $47,361 |
| Net premiums earned | 18,416 | | 5,536 | | 3,169 | | 12,231 | | 962 | 5,398 | 45,712 |
| Losses and loss expenses | 11,256 | | 3,511 | | 2,874 | | 5,643 | | 426 | 114 | |
| Policy benefits | — | | — | | — | | 457 | | — | 3,216 | |
| Policy acquisition costs | 2,515 | | 1,128 | | 150 | | 3,113 | | 264 | 1,089 | |
| Administrative expenses | 1,250 | | 329 | | (1) | | 1,219 | | 37 | 771 | |
| Underwriting income | 3,395 | | 568 | | 146 | | 1,799 | | 235 | NM | |
First 8 of 22 rows. The CSV has all of them.
Table 216 after “The following table presents net premiums earned for each segment by line of business:”
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| For the Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| North America Commercial P&C Insurance | | | | | |
| Property & other short-tail lines | $4,917 | | $4,756 | | $3,985 |
| Casualty & all other | 14,919 | | 14,560 | | 13,764 |
| A&H | 545 | | 692 | | 667 |
| Total North America Commercial P&C Insurance | 20,381 | | 20,008 | | 18,416 |
| North America Personal P&C Insurance | | | | | |
First 8 of 29 rows. The CSV has all of them.
Table 217 after “The following table presents net premiums earned by geographic region. Allocations have been made on the basis of location of risk:”
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| North America | Europe (1) | | Asia (2) | Latin America | |
| 2025 | 63% | | 11% | | 20% | 6% |
| 2024 | 64% | | 11% | | 19% | 6% |
| 2023 | 65% | | 11% | | 18% | 6% |
| Year Ended December 31 | | | | |
| (in millions of U.S. dollars, except share and per share data) | 2025 | 2024 | | 2023 | |
| Numerator: | | | | | |
| Net income | $10,622 | | $9,640 | | $9,015 |
| Net income (loss) attributable to noncontrolling interests | 312 | | 368 | | (13) |
| Net income attributable to Chubb | $10,310 | | $9,272 | | $9,028 |
| Denominator: | | | | | |
| Denominator for basic earnings per share attributable to Chubb: | | | | | |
First 8 of 15 rows. The CSV has all of them.
Table 219 after “Transactions generated under ABR Re agreements were as follows:”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Consolidated statements of operations | | | | | |
| Ceded premiums written | $520 | | $476 | | $441 |
| Commissions received | $151 | | $117 | | $119 |
| Consolidated balance sheets | | | | | |
| Reinsurance recoverable on losses and loss expenses | $1,393 | | $1,372 | | |
| Ceded reinsurance premium payable | $110 | | $112 | | |
Table 220 after “million of future contribution commitments to Aquiline Funds. Transactions generated from investments in Aquiline Funds were as follows:”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Consolidated statements of operations | | | | | |
| Other income (expense) | $90 | | $60 | | $36 |
| Consolidated balance sheets | | | | | |
| Private equities | $489 | | $400 | | |
Table 221 after “million at December 31, 2025. Transactions generated in 2024 and 2023 were as follows:”
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| Year Ended December 31 | | |
| (in millions of U.S. dollars) | 2024 | 2023 | |
| Consolidated statement of operations | | | |
| Gross premiums written | $10 | | $216 |
| Ceded premiums written | $24 | | $115 |
| Commissions paid | $3 | | $38 |
| Commissions received | $3 | | $26 |
| Losses and loss expenses | $24 | | $180 |
First 8 of 11 rows. The CSV has all of them.
Table 222 after “The following tables present the combined statutory capital and surplus and statutory net income of our Property and casualty and Life subsi”
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| December 31 | | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Statutory capital and surplus | | | |
| Property and casualty | $55,554 | | $48,253 |
| Life | $9,160 | | $8,970 |
Table 223 after “The following tables present the combined statutory capital and surplus and statutory net income of our Property and casualty and Life subsi”
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| Year Ended December 31 | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Statutory net income | | | | | |
| Property and casualty | $10,790 | | $11,118 | | $8,699 |
| Life | $740 | | $548 | | $459 |
Table 224 after “SUMMARY OF INVESTMENTS – OTHER THAN INVESTMENTS IN RELATED PARTIES”
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| December 31, 2025(in millions of U.S. dollars) | Cost or Amortized Cost, Net (1) | Fair Value | | Amount at Which Shown in the Balance Sheet | |
| Short-term investments | $4,840 | | $4,840 | | $4,840 |
| Fixed maturities available-for-sale | | | | | |
| U.S. and local government securities | 3,908 | | 3,714 | | 3,714 |
| Non-U.S. | 40,469 | | 40,356 | | 40,356 |
| Corporate and asset-backed securities | 48,764 | | 47,886 | | 47,886 |
| Mortgage-backed securities | 31,533 | | 30,724 | | 30,724 |
| Total fixed maturities available-for-sale | 124,674 | | 122,680 | | 122,680 |
First 8 of 14 rows. The CSV has all of them.
Table 225 after “BALANCE SHEETS (Parent Company Only)”
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| December 31 | December 31 | |
| (in millions of U.S. dollars) | 2025 | 2024 | |
| Assets | | | |
| Investments in subsidiaries and affiliates on equity basis | $72,848 | | $64,141 |
| Total investments | 72,848 | | 64,141 |
| Cash | 313 | | 383 |
| Due from subsidiaries and affiliates, net | 864 | | 629 |
| Other assets | 379 | | 13 |
First 8 of 21 rows. The CSV has all of them.
Table 226 after “STATEMENTS OF OPERATIONS (Parent Company Only)”
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| For the years ended December 31, 2025, 2024, and 2023 | | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Revenues | | | | | |
| Net investment income (loss) (1) | $21 | | $(24) | | $(21) |
| Equity in net income of subsidiaries and affiliates | 10,431 | | 9,385 | | 9,065 |
| Total revenues | 10,452 | | 9,361 | | 9,044 |
| Expenses | | | | | |
| Administrative and other (income) expense | 82 | | 74 | | 72 |
First 8 of 12 rows. The CSV has all of them.
Table 227 after “STATEMENTS OF CASH FLOWS (Parent Company Only)”
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| For the years ended December 31, 2025, 2024, and 2023 | | | | | |
| (in millions of U.S. dollars) | 2025 | 2024 | | 2023 | |
| Net cash flows from operating activities (1) | $1,210 | | $1,755 | | $3,273 |
| Cash flows from investing activities | | | | | |
| Capital redemption | 4,500 | | 2,000 | | — |
| Net cash flows from investing activities | 4,500 | | 2,000 | | — |
| Cash flows from financing activities | | | | | |
| Dividends paid on Common Shares | (1,505) | | (1,436) | | (1,394) |
First 8 of 16 rows. The CSV has all of them.
Table 228 after “SUPPLEMENTAL INFORMATION CONCERNING REINSURANCE”
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| Premiums Earned | | | | | | | | |
| For the years ended December 31, 2025, 2024, and 2023 (in millions of U.S. dollars, except for percentages) | Direct Amount | Ceded To Other Companies | | Assumed From Other Companies | Net Amount | Percentage of Amount Assumed to Net | | |
| 2025 | | | | | | | | |
| Life insurance face amount in force | $245,318 | | $40,067 | | $3,604 | | $208,855 | 2% |
| Premiums: | | | | | | | | |
| Property and casualty | $47,998 | | $10,263 | | $4,832 | | $42,567 | 11% |
| Accident and health | 6,990 | | 474 | | 86 | | 6,602 | 1% |
| Life | 3,917 | | 90 | | 18 | | 3,845 | — |
First 8 of 23 rows. The CSV has all of them.
Table 229 after “SUPPLEMENTARY INFORMATION CONCERNING PROPERTY AND CASUALTY OPERATIONS”
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| As of and for the years ended December 31, 2025, 2024, and 2023 (in millions of U.S. dollars) | | | | | | | | | | | | | | | | | |
| Deferred Policy Acquisition Costs | Net Reserves for Unpaid Losses and Loss Expenses | | Unearned Premiums | | Net Premiums Earned | | Net Investment Income | Net Losses and Loss Expenses Incurred Related to | Amortization of Deferred Policy Acquisition Costs | | Net Paid Losses and Loss Expenses | Net Premiums Written | | | | |
| | | | | Current Year | | Prior Year | | | | | | | | | | |
| 2025 | $4,208 | | $69,672 | | | $26,279 | | | $45,790 | | $5,338 | | $27,808 | $(1,108) | $8,649 | $24,293 | $47,563 |
| 2024 | $3,687 | | $66,270 | | | $23,504 | | | $43,573 | | $4,927 | | $26,997 | $(975) | $8,053 | $21,503 | $45,142 |
| 2023 | $3,346 | | $62,238 | | | $22,051 | | | $40,314 | | $4,181 | | $24,956 | $(856) | $7,391 | $21,011 | $41,896 |