Article ID: e93a5fd4cf3a10c6a82d5c90b1662576142e8589851a9c5f90f3e013008ac021
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Chubb CEO: Market growing more competitive - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Chubb CEO: Market growing more competitive by Matthew Lerner Evan G. Greenberg Financial Results , P/C Insurers Chubb Feb 4, 2026 The commercial property/casualty underwriting environment has been in “transition” for the past few quarters and the market globally is growing incrementally more competitive quarter by quarter, Chubb’s CEO said Wednesday. Competition is growing most acute in large-account property and the upper middle market, Evan G. Greenberg said during the company’s fourth-quarter earnings call. In casualty, “pricing overall, large account, excess and surplus and middle market, continues to firm in the areas that require rate and in those that don’t, price increases have slowed,” Mr. Greenberg said. Financial lines remain soft. Chubb’s fourth-quarter net income jumped 24.7% to $3.21 billion as the insurer posted a record-low combined ratio for the quarter. The quarter’s 82.1% combined ratio helped Chubb post a record-low combined ratio for the year at 85.7%, an improvement over 86.6% for full-year 2024. Lower catastrophe losses and increased investment income also helped bolster results. Fourth-quarter net premiums written increased 8.9% to $13.13 billion. Property/casualty net premiums written rose 7.7% to $11.31 billion, while underwriting income soared 39.6% to $2.2 billion. Quarterly pre-tax catastrophe losses of $365 million were down sharply from last year’s $607 million. Net investment income rose 8.0 % to $1.69 billion. Chubb’s North American agricultural insurance operations had a particularly strong fourth quarter, with premiums up more than 45%, Mr. Greenberg said. North American property/casualty premiums were up more than 6.5%, with the middle market and small commercial rising more than 6%, property/casualty up 7.5% and financial lines up 1.5%, Mr. Greenberg said. New business for middle market and small commercial was “strong,” he said, up more than 17% vs. the prior year. For full-year 2025, net premiums written rose 6.6% to $54.84 billion. Property/casualty net premiums written rose 5.4% to $47.56 billion and property/casualty underwriting income rose 11.6% to $6.53 billion. The property/casualty combined ratio improved to 86.0% from 86.6% in 2024. Pre-tax catastrophe losses were $2.92 billion, up from $2.39 billion in 2024. Yearly net investment income rose 9.0% to $6.47 billion. 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