CB Chubb Ltd

Overview and Growth

In fiscal 2025, Chubb Ltd recorded $59.40B of revenue, net income of $10.31B, and an operating cash inflow of $12.82B. The $59.40B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $55.75B in fiscal 2024, revenue recorded a 6.5% year-over-year increase. The company reported diluted EPS of $25.68, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS increased by 13.1% from $22.70 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. A diluted share base of 401.51M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Diluted shares moved 1.7% from 408.49M in fiscal 2024, leaving the current share base lower year over year. At period end, total assets were $272.33B, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.22x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Net income came to $10.31B, completing the progression from revenue through gross and operating profitability to the final reported result. The final earnings result represented 17.4% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $13.04B of pretax income, the profit base against which the reported tax provision can be assessed. Measured against revenue, pretax income equaled 22.0%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $2.42B, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 18.6%, quantifying the portion of pre-tax earnings paid in income tax. The relationship between net income and period-end equity was 12.9%, indicating the profitability achieved on book capital. Return on period-end assets was 3.8%, connecting net income with the company’s total asset base. The company moved from fiscal 2024 net income of $9.27B to $10.31B, with the current outcome ending above that comparison.

Liquidity and Capital Structure

The company held $272.33B of assets against $192.55B of liabilities and $79.78B of equity, revealing how the asset base was financed. Reported cash and equivalents were $2.47B, separating immediately recognizable cash resources from the rest of the current-asset base. Borrowings totaled $17.23B, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.22x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 6.3%, showing how much of the asset base was matched by borrowing. The equity-to-assets relationship was 29.3%, placing book capital against the total resource base. The liabilities-to-assets relationship was 70.7%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 0.9%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 10.5% from $246.55B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 16.6% from $68.39B in fiscal 2024, placing the current capital base higher year over year. Cash and equivalents were 3.1% lower than fiscal 2024 cash of $2.55B, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $12.82B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 1.24x, showing the relationship between accrual earnings and operating cash. Operating cash flow of $12.82B finished below fiscal 2024 operating cash flow of $16.18B, showing the year-over-year direction of cash generation.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.