Chubb Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Chubb Ltd files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	31,469	32,243	32,717	34,186	35,994	40,869	43,097	49,735	55,753	59,402
General and administrative	3,081	2,833	2,886	3,030	2,979	3,135	3,395	4,007	4,380	4,504
Interest expense	605	607	641	552	516	492	570	672	741	764
Other non-operating income	222	400	434	596	994	2,367	-89	836	1,023	1,297
Pre-tax income	4,950	3,722	4,657	5,249	4,162	9,794	6,485	9,526	11,455	13,044
Income tax	815	-139	695	795	629	1,269	1,239	511	1,815	2,422
Net income to minority interests						0	0	-13	368	312
Net income	4,135	3,861	3,962	4,454	3,533	8,525	5,246	9,028	9,272	10,310
EPS, basic	8.94	8.26	8.55	9.77	7.82	19.38	12.50	21.97	22.94	25.93
EPS, diluted	8.87	8.19	8.49	9.71	7.79	19.24	12.39	21.80	22.70	25.68
Shares, basic (weighted)	463	467	464	456	452	440	420	411	404	398
Shares, diluted (weighted)	466	471	467	459	453	443	424	414	408	402
Dividend per share							3.29	3.41	3.59	3.82

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	985	728	1,247	1,537	1,747	1,659	2,012	2,621	2,549	2,470
Short-term investments	3,002	3,561	3,016
Property, plant and equipment	1,200	1,300	1,700	1,900	2,000	2,000	2,400	2,900	3,100	3,500
Lease right-of-use assets				551	473	445	607	784	824	1,025
Goodwill	15,332	15,541	15,271	15,296	15,400	15,213	16,228	19,686	19,579	20,207
Intangible assets	6,763	6,513	6,143	6,063	5,811	5,455	5,441	6,775	6,377	6,241
Total assets	159,786	167,022	167,771	176,943	190,774	200,054	199,017	230,682	246,548	272,327
Short-term debt	500	1,013	509	1,299	0	999	475	1,460	800	1,499
Total liabilities	111,511	115,850	117,459	121,612	131,333	140,340	148,498	166,991	178,154	192,548
Total debt	12,610	11,556	12,087	13,559	14,948	15,169	14,402	13,035	14,379	15,728
Paid-in capital	15,335	13,978	12,557	11,203	9,815	8,478	7,166	15,665	14,393	13,250
Retained earnings	23,613	27,474	31,700	36,142	39,337	47,365	48,305	54,810	61,561	69,950
Treasury stock	-1,480	-1,944	-2,618	-3,754	-3,644	-7,464	-5,113	-4,400	-3,524	-4,699
Other comprehensive income	-314	543	-2,448	619	2,869	350	-10,185	-6,809	-8,644	-4,975
Shareholders' equity	48,275	51,172	50,312	55,331	59,441	58,328	50,519	59,507	64,021	73,757
Minority interests							0	4,184	4,373	6,022
Total equity	48,275	51,172	50,312	55,331	59,441	58,328	50,519	63,691	68,394	79,779
Total liabilities and equity	159,786	167,022	167,771	176,943	190,774	200,054	199,017	230,682	246,548	272,327
Shares outstanding	466	464	459	452	451	427	415	405	401	391

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	4,135	3,861	3,962	4,454	3,533	8,525	5,246	9,015	9,640	10,622
Deferred income tax	-9	-498	43	-113	-299	-90	158	-1,084	86	337
Change in payables	-97	-517	375	-207	-98	-2,423	-68	-735	342	53
Cash from operations	5,292	4,503	5,480	6,342	9,785	11,151	11,258	12,632	16,182	12,816
Acquisitions	-14,248	0	0	-29	0	-1,184	-5,166	-34	-538	-289
Purchases of investments	-30,759	-25,720	-24,700	-25,846	-26,298	-30,222	-27,844	-28,672	-33,759	-34,157
Sales and maturities of investments	9,349	10,425	7,352	9,039	12,450	17,361	9,415	7,026	10,810	12,675
Cash from investing	-5,322	-2,422	-2,935	-5,905	-7,521	-6,659	-5,654	-7,648	-13,923	-11,260
Debt issued		0	2,171	2,828	988	1,576	0	0	2,408	2,424
Debt repaid	0	-501	-2,001	-510	-1,301	0	-1,000	-475	-1,437	-800
Stock issued	112	133	78	163	100	253	216	158	295	257
Share buybacks		-801	-1,044	-1,530	-523	-4,861	-2,894	-2,411	-1,801	-3,694
Dividends paid	-1,173	-1,308	-1,337	-1,354	-1,388	-1,401	-1,375	-1,394	-1,436	-1,505
Cash from financing	-742	-2,319	-1,991	-151	-2,082	-4,411	-5,142	-4,489	-2,181	-1,850
Exchange rate effect	-25	1	-65	20	8	-106	-146	-1	-150	215
Net change in cash	-797	-237	489	306	190	-25	316	494	-72	-79
Interest paid	642	644	621	512	524	492	552	553	599	650
Income taxes paid	662	736	503	912	902	1,298	1,242	1,465	1,662	2,211

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2026; growth uses fiscal years. Valuation uses the share price of $333.37 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	23.6%	Pre-tax income / revenue.
Net margin	18.6%	Net income / revenue.
Operating cash flow margin	25.0%	Cash from operations / revenue.
Effective tax rate	19.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	15.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	4.1%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	6.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	11.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	10.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	11.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	25.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	23.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	13.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	27.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	26.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-20.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	4.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	5.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	6.4%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	5.1%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	15.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	13.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	10.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	11.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	7.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.22x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	5.8%	Total debt / total assets.
Liabilities / assets	71.0%	Total liabilities / total assets.
Net debt	$13.34B	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	9.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	$47.20B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.22x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$28.63	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$154.14	Revenue / diluted weighted shares.
Operating cash flow per share	$38.51	Cash from operations / diluted weighted shares.
Book value per share	$189.93	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$121.50	Tangible book value / shares outstanding.
Cash per share	$6.78	(Cash + short-term investments) / shares outstanding.
Payout ratio	13.4%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$128.61B	Share price x shares outstanding.
Enterprise value	$141.95B	Market cap + total debt - cash - short-term investments.
P/E	11.4x	Market cap / net income. Only when net income is positive.
P/S	2.11x	Market cap / revenue.
P/B	1.74x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.72x	Market cap / tangible book value, when positive.
P/OCF	8.46x	Market cap / cash from operations, when positive.
EV/Sales	2.33x	Enterprise value / revenue.
Earnings yield	8.8%	Net income / market cap (the inverse of P/E).
Dividend yield	1.2%	Dividends paid over the period / market cap.
Shareholder yield	4.4%	(Dividends paid + share buybacks) / market cap.
PEG	0.41x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Chubb Ltd's revenue in fiscal 2025?

Chubb Ltd reported revenue of $59.40B for fiscal 2025, 6.5% higher than the year before.

Was Chubb Ltd profitable in fiscal 2025?

Yes. Net income was $10.31B, a net margin of 17.4%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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