{"id":25217,"date":"2026-07-22T14:55:58","date_gmt":"2026-07-22T14:55:58","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=878594"},"modified":"2026-07-22T14:55:58","modified_gmt":"2026-07-22T14:55:58","slug":"chubb-q2-net-income-down-3-8-on-overly-soft-large-account-es-property","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2026\/07\/22\/chubb-q2-net-income-down-3-8-on-overly-soft-large-account-es-property\/","title":{"rendered":"Chubb Q2 Net Income Down 3.8% on \u2018Overly Soft\u2019 Large Account, E&amp;S Property"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2026\/04\/Chubb-logo-phone-calculator-AdobeStock-580x368.jpeg\"><\/p>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2026\/07\/22\/878594.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2026\/07\/22\/878594.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>Second quarter 2026 net income at insurer Chubb was down 3.8% compared to the same period in 2025 to about $2.85 billion, with property\/casualty underwriting income up 18.8% to about $1.9 billion.<\/p>\n<p>Pretax net catastrophe losses were $475 million compared to Q21 2025 losses of $630 million.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"excess-surplus,profit-loss,property\" data-revive-companies=\"chubb\" data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>The P\/C business ended Q2 2026 with a combined ratio of 83.8 compared with 85.6 the year prior.<\/p>\n<p>Consolidated net premiums written (NPW) increased 3.6% to about $14.7 billion. P\/C net premiums were up 3% to about $12.8 billion.<\/p>\n<p>NPW decreased 2.3% in North America commercial. Without large account and E&amp;S property, NPW was up 4.1% in Q2. Looking at major accounts retail and E&amp;S wholesale, NPW was down 9% in Q2. Chubb said NPW would be up 0.4% excluding large account and E&amp;S property.<\/p>\n<p>The combined ratio for Q2 for North America commercial finished at 85.4 compared with 83.5 for Q2 2025. Chubb said 1.9 points were attributed to higher catastrophe losses.<\/p>\n<p>In a statement, CEO Evan G. Greenberg said \u201coverly soft underwriting conditions persist in certain areas of property insurance globally, particularly large account and E&amp;S related.\u201d<\/p>\n<p>\u201cWe will not underwrite knowingly to a loss,\u201d he continued, adding that the soft market is spreading to areas of casualty lines, and financial lines also \u201cremain soft.\u201d<\/p>\n<div class=\"bzn bzn-sized bzn-intext-2\">\n<ins data-revive-zoneid=\"162\" data-revive-topics=\"excess-surplus,profit-loss,property\" data-revive-companies=\"chubb\" data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>In North America, overall P\/C insurance NPW was up 0.4% and the segment, which includes commercial insurance, personal insurance, and agricultural insurance, logged a combined ratio for Q2 of 81.5 compared with 81.7 for Q1 2025. Personal insurance in North America finished Q2 with a combined ratio of 67.3 compared with 73.5 last year.<\/p>\n<p>For the first half 2026, net income finished at about $5.2 billion, up 20.4% over the same period in 2025.<\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/profit-loss\/\" class=\"btn btn-sm btn-primary tagtag\">Profit Loss<\/a> <a href=\"https:\/\/www.insurancejournal.com\/excess-surplus\/\" class=\"btn btn-sm btn-primary tagtag\">Excess Surplus<\/a> <a href=\"https:\/\/www.insurancejournal.com\/property\/\" class=\"btn btn-sm btn-primary tagtag\">Property<\/a> <a href=\"https:\/\/www.insurancejournal.com\/company\/chubb\/\" class=\"btn btn-sm btn-primary tagtag\">Chubb<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"878594\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! Please tell us what we can do to improve this article.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-yes\">\n<form class=\"feedback-form\">\n<p>Thank you! <span class=\"percent\"><\/span>% of people found this article valuable. Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"author-byline clearfix\">\n<div class=\"author-byline-img\"> <img width=\"150\" height=\"200\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/01\/headshot-scaled.jpg\" class=\"attachment-200x200 size-200x200 wp-post-image\" alt decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/01\/headshot-scaled.jpg 1920w, https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/01\/headshot-225x300.jpg 225w, https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/01\/headshot-435x580.jpg 435w, https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/01\/headshot-768x1024.jpg 768w, https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/01\/headshot-1152x1536.jpg 1152w, https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/01\/headshot-1536x2048.jpg 1536w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\"> <\/div>\n<div class=\"author-byline-content\">\n<h4 class=\"author-byline-name\"> <small>Written By<\/small> Chad Hemenway <\/h4>\n<p class=\"author-byline-bio\"> Chad is National News Editor at Insurance Journal. He has been a journalist since 2000, with a focus on the insurance industry since 2007, reporting on trends and coverage in most lines of insurance as well as natural catastrophes, modeling, regulation, legislation, and litigation. Chad can be reached at chemenway@wellsmedia.com <\/p>\n<div class=\"author-byline-posts\">\n<h5>Latest Posts:<\/h5>\n<\/p><\/div>\n<p> <a href=\"https:\/\/www.insurancejournal.com\/author\/chad-hemenway\/\" class=\"author-byline-more\"> More From Author <i class=\"fas fa-caret-right\"><\/i> <\/a> <\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Excess Surplus<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments Second quarter 2026 net income at insurer Chubb was down 3.8% compared to the same period in 2025 to about $2.85 billion, with property\/casualty underwriting income up 18.8% to about $1.9&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":25218,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[551,1554,337,338,2,1,2178],"class_list":["post-25217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-chubb","tag-commercial-property","tag-earnings","tag-financial-results","tag-national-news","tag-news","tag-property-lines"],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2026\/07\/chubb-q2-net-income-down-3-8-on-overly-soft-large-account-es-property.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/25217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=25217"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/25217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/25218"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=25217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=25217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=25217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}