---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-089344"
form_type: "8-K"
ticker: "CB"
cik: "0000896159"
company_name: "Chubb Ltd"
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:51:21.469654+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Chubb Q1 net income drops 38% to $3.29/sh on $1.64B catastrophe losses, core operating income $3.68/sh

## Summary
- Net income $1.33B ($3.29/sh) vs $2.14B ($5.23/sh) last year; core operating income $1.49B ($3.68/sh) down 31%.
- Pre-tax catastrophe losses $1.64B (15.9 pts of combined ratio), including $1.47B from California wildfires.
- P&C combined ratio 95.7%; current accident year combined ratio ex-cats improved to 82.3% from 83.7% prior year.
- Consolidated net premiums written $12.6B, up 5.7% constant currency; Life insurance premiums up 10.3% constant currency.
- Book value per share $164.01, up 2.7% from Dec 31; core operating ROTE 13.0%, ROE 8.2%.

## SEC filing metadata
- accession: 0001193125-25-089344
- form_type: 8-K
- ticker: CB
- cik: 0000896159
- company_name: Chubb Ltd
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896159/000119312525089344/0001193125-25-089344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896159/000119312525089344/d877161d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-089344
- JSON: https://secwatch.observer/filing/0001193125-25-089344.json
- Plain text: https://secwatch.observer/filing/0001193125-25-089344.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.