Chubb (CB) 10-K Summary — Year Ended Dec 31, 2025
Chubb Limited reported annual revenue growth, with net income and operating cash flow disclosed. The company faces risks from capital requirements set by regulators and rating agencies, which can change due to business mix, investment values, and macroeconomic conditions.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Chubb Limited reported annual revenue growth, with net income and operating cash flow disclosed. The company faces risks from capital requirements set by regulators and rating agencies, which can change due to business mix, investment values, and macroeconomic conditions.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$59.4B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$10.3B
Net income reported for the year.
Operating cash flow
$12.8B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $43.1B | +5.5% |
| Dec 31, 2023 | $49.7B | +15.4% |
| Dec 31, 2024 | $55.8B | +12.1% |
| Dec 31, 2025 | $59.4B | +6.5% |
Business overview
Chubb Limited is a holding company whose insurance subsidiaries must maintain capital to support financial strength and credit ratings. The company's business overview references items covered in the filing, including risk factors, unresolved staff comments, and cybersecurity governance.
Financial performance
For the annual period reported, revenue reached the disclosed amount, net income was the reported figure, and operating cash flow was the stated amount. Revenue has increased over the past several periods shown in the trend.
Material risks
Capital requirements for insurance subsidiaries are set by regulators and rating agencies, and they can change based on business mix, investment values, interest rates, foreign exchange, and macroeconomic events. Projecting surplus and capital needs is complex and depends on assumptions about business performance and the broader environment.
Liquidity and capital
The capital held by insurance subsidiaries is subject to requirements from regulators and rating agencies, which can vary due to factors such as business growth, investment portfolio values, and changes in interest rates or foreign currency. The company must manage these capital requirements to maintain financial strength and ratings.
What to watch
Monitor changes in the company's capital requirements driven by regulatory or rating agency model updates, as these can materially affect surplus and financial flexibility.