Chubb Limited Stock Price, News & Analysis

Chubb Limited (NYSE: CB) has announced key leadership changes in its asset management division. Tim Boroughs has been appointed as Vice Chairman, Chubb Group and Executive Chairman, Asset Management, while Chris Hogan has been promoted to Senior Vice President, Chubb Group and Chief Investment Officer. Boroughs, who has been with the company since 2000, previously served as Chief Investment Officer and has over 25 years of experience shaping Chubb's investment strategies. Hogan, who joined Chubb in 2023, brings 22 years of experience from Goldman Sachs, where he was a fixed income portfolio manager and co-CIO for GSAM's Fixed Income Hedge Fund.

Chubb Limited (NYSE: CB) shareholders approved a 6.6% dividend increase to $3.88 per share annually ($0.97 quarterly) from $3.64 per share ($0.91 quarterly) at its 2025 Annual General Meeting in Zurich. This marks the company's 32nd consecutive annual dividend increase. The first quarterly installment of $0.97 per share will be paid on July 3, 2025, to shareholders of record as of June 13, 2025.

Additionally, Chubb's Board authorized a new $5 billion share repurchase program, effective July 1, 2025, with no expiration date. The existing share repurchase program will continue through June 30, 2025. Share repurchases will be executed based on market conditions and management's discretion.

Chubb, Zurich North America, and National Indemnity have launched a groundbreaking excess casualty facility offering up to $100 million in claims-made excess casualty coverage for large companies. The facility, effective July 1, 2025, represents a unique collaboration between three major insurers to address the increasingly hostile litigation environment facing large corporations. The solution provides excess umbrella liability coverage underwritten by Chubb and Zurich, with National Indemnity Company serving as lead reinsurer.

Key benefits include streamlined insurance acquisition through a single access point, administrative efficiencies, consistent coverage terms, and expert claims handling. This initiative aims to stabilize capacity in the excess casualty market while providing sustainable protection against legal challenges.

Chubb (CB) reported Q1 2025 financial results with net income of $1.33 billion ($3.29 per share) and core operating income of $1.49 billion ($3.68 per share). Consolidated net premiums written reached $12.6 billion, up 5.7% in constant dollars.

The quarter was significantly impacted by catastrophe losses of $1.64 billion, primarily from California wildfires ($1.47 billion). The P&C combined ratio was 95.7%, or 82.3% excluding catastrophe losses. P&C net premiums written grew 5.0% in constant dollars to $10.93 billion.

Key highlights include:

• Life Insurance net premiums up 10.3% in constant dollars to $1.72 billion
• Pre-tax net investment income increased 12.2% to $1.56 billion
• Book value per share increased 2.7% to $164.01
• Total capital returned to shareholders: $751 million via share repurchases ($385 million) and dividends ($366 million)

Chubb (NYSE: CB) has scheduled its first quarter earnings conference call for Wednesday, April 23, 2025, at 8:30 a.m. Eastern. The company plans to release its Q1 earnings report and financial supplement after market close on Tuesday, April 22, 2025.

The earnings call will be accessible through a live webcast on the company's investor website and via telephone. U.S. participants can dial 877-400-4403, while international callers should use 332-251-2601, with passcode 1641662. A replay of the call will be made available on the company's website.

Chubb (NYSE: CB) has announced the formation of a new North America Small & Lower Midmarket division, merging its Lower Middle Market and Digital Small Business divisions. The restructuring aims to create a more integrated approach to serving small and lower middle market segments.

The company has appointed Rob Poliseno as Division President and Jason Ranucci as Chief Operating Officer of the new division. Poliseno, with 28 years of industry experience including 17 at Chubb, will report to Ben Rockwell, Division President of North America Middle Market. Ranucci, who has 17 years of insurance experience, will oversee P&L management, underwriting, product, pricing, and analytics.

The new division will leverage a modern, automated, and data-centric digital operating model to offer comprehensive coverage including P&C, Financial Lines, Cyber, Multinational, and Accident & Health insurance. Agents will have access to both fully digital/automated experiences and digitally augmented service models.

Chubb (NYSE: CB) has announced agreements to acquire Liberty Mutual's Property & Casualty insurance operations in Thailand and Vietnam. The acquisition targets LMG Insurance (Thailand) and Liberty Insurance (Vietnam), which collectively generated $275 million in net premiums written in 2024.

The acquired businesses offer diverse consumer and commercial P&C products, including Automotive, Accident & Health, and Non-Motor insurance such as fire/property and industrial all-risk coverage. The operations feature an extensive distribution network comprising 56 branches, 2,600 brokers and agents, and 26 finance partners.

While financial terms remain undisclosed, the transactions are scheduled for completion in Q2 2025 for Thailand and late 2025/early 2026 for Vietnam, subject to regulatory approvals and customary closing conditions.

Westchester, Chubb's Excess and Surplus Lines Division, has appointed Alex Faynberg as Executive Vice President and Head of Healthy Paws, effective March 3, 2025. Faynberg, currently Division President of Chubb Workplace Benefits (CWB), will oversee the pet insurance company's market expansion, underwriting, and operational priorities.

Faynberg brings over 20 years of insurance industry experience, including nine years in key leadership roles at Chubb. As CWB Division President since 2022, he established it as one of the fastest-growing large voluntary benefits carriers. Previously, as Senior Vice President and Chief Actuary at Combined Insurance, he led product innovation and business growth.

Chubb (NYSE: CB) has announced that its Board of Directors will recommend a significant dividend increase at the 2025 Annual General Meeting, marking the company's 32nd consecutive annual dividend increase. The proposed annual dividend of $3.88 per share will be paid in four quarterly installments of $0.97 per share, up from the current quarterly payment of $0.91.

The Board has also declared a quarterly dividend of $0.91 per share, payable on April 4, 2025, to shareholders of record as of March 14, 2025. This payment represents the fourth installment as approved by shareholders on May 16, 2024, and will be distributed in US dollars from legal reserves through the company's transfer agent.