Chubb (CB) Investor Presentation summary

Financial performance and shareholder value creation

• Total premium revenue grew 59% over five years to $56.4B, with P&C net premiums written up 49% and global life revenue up 136%.

• Underwriting income increased 389% to $5.9B, and core operating income rose 185% to $9.4B.

• Core operating ROE reached 13.2% and core operating ROTE 20.1%, both more than doubling since 2020.

• Market capitalization increased 69% to $117.5B.

• Sustainable value creation goals include double-digit EPS growth, 14%+ core ROE, and 20%+ core ROTE.

Diversification, global reach, and business mix

• Well-diversified global P&C book: 70% commercial, 30% consumer, with strong positions in major markets.

• Leading U.S. commercial lines, crop, and high-net-worth personal lines; #1 direct marketer of A&H in Asia and LatAm.

• International business spans 51 countries, with 56% of international revenue from Asia.

• Business mix: 60% commercial, 40% consumer; top six business areas include mid/small P&C, large P&C, personal lines, A&H, life, and E&S.

• Addressable market estimated at $3.8T globally, with significant growth opportunities in Asia, LatAm, and Europe.

Underwriting, investment, and digital transformation

• Superior underwriting: combined ratio outperformed peers by 7–8 points over 3–10 years.

• Investment portfolio reached $166B, with a growing allocation to private assets targeting 15% of the portfolio.

• Private investments, especially through the KKR partnership, are expected to drive annual operating income from ~$0.9B to ~$2B.

• Digital transformation targets 70% of the organization, aiming for 20% headcount reduction and 1.5% combined ratio point expense savings.

• AI and automation are being deployed across underwriting, claims, and operations to drive efficiency and growth.