Chubb Ltd (NYSE:CB) stock rose 2.63% (As on October 22, 11:43:24 AM UTC-4, Source: Google Finance) after the company reported third-quarter earnings that significantly exceeded analyst expectations, driven by record underwriting performance and strong premium growth across its diversified business lines. Net income increased 20.5% to $2.80 billion. Chubb achieved a record P&C combined ratio of 81.8%, improving by nearly six percentage points from the previous year. This exceptional underwriting performance was supported by lower catastrophe losses of $285 million compared to $765 million in the same quarter last year. Total premium growth was 7.5% YoY, with P&C premiums up 5.3% and life insurance premiums surging 24.6%. North America premiums increased 4.4%, with personal insurance rising 8.1% and commercial insurance up 3.5%. Overseas General Insurance saw 9.7% growth, with particularly strong performance in Asia (14.3%) and Latin America (10.6%). Pre-tax net investment income reached a record $1.65 billion, up 9.3% YoY, while adjusted net investment income rose 8.3% to $1.78 billion. Financial, economic and fiscal conditions favor continued attractive fixed income and alternative investment portfolio returns on the growing invested asset. The company reported annualized core operating return on tangible equity of 24.5% and annualized core operating ROE of 16.3%. Book value per share and tangible book value per share increased 4.7% and 6.6%, respectively, from June 30, 2025 and now stand at $182.22 and $120.13. Book value per share and tangible book value per share excluding AOCI increased 2.8% and 3.8%, from June 30, 2025.

Moreover, Core operating income of $3 billion was a record, up 29%, driven by record underwriting and investment income and double-digit growth in life income. Consolidated net premiums earned increased 7.4%, or 6.6% in constant dollars. P&C net premiums earned increased 5.0%, or 4.2% in constant dollars. Operating cash flow was $3.64 billion and adjusted operating cash flow was $4.51 billion

CB in the third quarter of FY25 has reported the adjusted earnings per share of $7.49, beating the analysts’ estimates for the adjusted earnings per share of $6.14. The company had reported the adjusted revenue of $14.87 billion in the third quarter of FY25, beating the analysts’ estimates for revenue of $14.56 billion.

Additionally, Chubb also increased share repurchases during the quarter, buying back $1.23 billion of stock at an average price of $277.67 per share, while paying $385 million in dividends. Total capital returned to shareholders in the quarter was $1.62 billion, comprising share repurchases of $1.23 billion at an average purchase price of $277.67 per share and dividends of $385 million.