Form 8-K

8-K — Chubb Ltd

Accession: 0001193125-26-426866

Filed: 2026-10-20

Period: 2026-10-20

CIK: 0000896159

SIC: 6331 (FIRE, MARINE & CASUALTY INSURANCE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — d160822d8k.htm (Primary)

EX-99.1 (d160822dex991.htm)

EX-99.2 (d160822dex992.htm)

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8-K

8-K (Primary)

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8-K

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant To Section 13 or 15 (d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) - October 20, 2026

Chubb Limited

(Exact name of registrant as specified in its charter)

Switzerland

1-11778

98-0091805

(State or other jurisdiction of

Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

Baerengasse 32

CH-8001 Zurich, Switzerland

(Address of principal executive offices)

Registrant’s telephone number, including area code: +41 (0)43 456 76 00

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Shares, par value CHF 0.50 per share

New York Stock Exchange

Guarantee of Chubb INA Holdings LLC 0.875% Senior Notes due 2027

CB/27

New York Stock Exchange

Guarantee of Chubb INA Holdings LLC 1.55% Senior Notes due 2028

CB/28

New York Stock Exchange

Guarantee of Chubb INA Holdings LLC 0.875% Senior Notes due 2029

CB/29A

New York Stock Exchange

Guarantee of Chubb INA Holdings LLC 1.40% Senior Notes due 2031

CB/31

New York Stock Exchange

Guarantee of Chubb INA Holdings LLC 2.50% Senior Notes due 2038

CB/38A

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.

Results of Operations and Financial Condition

On October 20, 2026, Chubb Limited issued a Press Release reporting its third quarter 2026 results and the availability of its third quarter 2026 Financial Supplement. The Press Release and the Financial Supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01.

Financial Statements and Exhibits

(d) Exhibits

Exhibit

Number

Description

99.1

Press Release, Dated October 20, 2026, Reporting Third Quarter 2026 Results

99.2

Third Quarter 2026 Financial Supplement

104

Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Chubb Limited

By:

/s/ Peter Enns

Peter Enns

Executive Vice President and Chief Financial Officer

DATE: October 20, 2026

EX-99.1

Filename: d160822dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Chubb Limited

Bärengasse 32

CH-8001 Zurich

Switzerland

www.chubb.com

@Chubb

News Release

Chubb Reports Third Quarter Per Share Net Income and Record

Core Operating Income of $7.30 and $7.66, Respectively, Up 4.4%

and 0.8%; Consolidated Net Premiums Written of $15.1 Billion, Up

1.9%, with P&C and Life Insurance Up 1.9% and 1.4%; P&C Combined

Ratio of 84.1%;

Record Year-to-Date Per Share Net Income and Core

Operating

Income of $20.46 and $21.94, Up 16.2% and 24.5%, Respectively;

Annualized Return on Equity (ROE) of 14.5% and Core Operating

ROE of 14.6%

●

Net income was $2.84 billion, up 1.5%, and core operating income was $2.98 billion, down 2.2%. For the

nine months, net income and core operating income were a record $8.02 billion and $8.60 billion, respectively, up 12.9% and 21.0%.

●

P&C net premiums written were $13.18 billion, up 1.9%.

●

North America Commercial was down 2.7%, or up 1.7% excluding large account property including E&S and

financial lines underwriting related exposure changes including additional reinsurance.

●

North America Personal was up 5.3%.

●

North America Agriculture was up 5.1%.

●

Overseas General was up 6.7%, or 5.2% in constant dollars. Consumer insurance was up 7.2% and commercial

insurance was up 6.3%; Latin America, Asia and Europe were up 11.7%, 7.5% and 6.8%, respectively.

●

P&C underwriting income was $2.06 billion, with a combined ratio of 84.1%. P&C current accident year

underwriting income excluding catastrophe losses was $2.26 billion, up 3.3%, with a combined ratio of 82.6%. For the nine months, P&C underwriting income was $5.79 billion, up 33.7%, and was $6.39 billion, up 6.1%, on a current

accident year excluding catastrophe losses basis. Both were records.

●

Total pre-tax net catastrophe losses were $705 million compared with

$285 million in the prior year.

●

Total pre-tax favorable prior period development was $511 million

compared with $361 million in the prior year.

●

Life Insurance net premiums written were $1.96 billion, up 1.4%, or 3.7% in constant dollars. International

life insurance net premiums written and deposits collected were $2.44 billion, up 15.7%, or 18.6% in constant dollars. Life Insurance segment income was $369 million, up 11.4%, or 14.7% in constant dollars, with International Life income

up 7.0%, or 10.9% in constant dollars. For the nine months, Life Insurance segment income was $1.03 billion, up 9.3%, or 10.0% in constant dollars, with International Life income up 10.8%, or 11.8% in constant dollars.

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

●

Pre-tax net investment income was $1.79 billion, up 8.6%, and

adjusted net investment income was $1.89 billion, up 6.3%. Both were records.

●

Annualized return on equity (ROE) was 15.3%. Annualized core operating return on tangible equity (ROTE) was 21.6%

and annualized core operating ROE was 14.9%.

●

Book value and tangible book value per share increased 5.1% and 5.7%, respectively, from September 30, 2025.

Tangible book value per share excluding AOCI was up 15.4% over the same period.

ZURICH – October 20, 2026 – Chubb

Limited (NYSE: CB) today reported net income for the quarter ended September 30, 2026 of $2.84 billion, or $7.30 per share, and core operating income of $2.98 billion, or $7.66 per share. Book value per share and tangible book value

per share increased by 5.1% and 5.7%, respectively, from September 30, 2025 and now stand at $191.43 and $126.96. For the last three months, book value was unfavorably impacted by after-tax net realized

and unrealized losses of $4.48 billion in Chubb’s investment portfolio, partially offset by $551 million of foreign currency gains. Book value per share and tangible book value per share excluding AOCI increased by 11.1% and 15.4%

from September 30, 2025.

Effective Q3 2026, segment income and core operating income have been redefined to exclude intangible amortization expenses

related to purchased intangibles other than long-term distribution agreements. Refer to “Regulation G – Non-GAAP Financial Measures” in this press release and the Table of Contents page in

the Q3 2026 Chubb Limited Financial Supplement for additional information. Prior-period results have been restated to reflect these changes.

Chubb

Limited

Third Quarter Summary

(in millions of

U.S. dollars, except per share amounts and ratios)

(Unaudited)

(Per Share)

2026

2025

Change

2026

2025

Change

Net income

$2,844

$2,801

1.5%

$7.30

$6.99

4.4%

Adjusted net realized (gains) losses, net of tax

95.8%

0.25

0.12

108.3%

Integration expenses and severance, net of tax

0.02

Market risk benefits (gains) losses, net of tax

120

(54.2)%

0.14

0.30

(53.3)%

Amortization of deferred tax asset from Bermuda law

(60)

(0.15)

0.09

Amortization of fair value adjustments, net of tax

(7.1)%

0.10

Core operating income, net of tax

$2,980

$3,048

(2.2)%

$7.66

$7.60

0.8%

Annualized return on equity (ROE)

15.3%

15.9%

Core operating return on tangible equity (ROTE)

21.6%

24.8%

Core operating ROE

14.9%

16.6%

For the nine months ended September 30, 2026, net income was $8.02 billion, or $20.46 per share, and core operating

income was $8.60 billion, or $21.94 per share. Book value per share and tangible book value per share increased by 1.5% and 0.6%, from December 31, 2025. For the last nine months, book value was unfavorably impacted by after-tax net realized and unrealized losses of $6.03 billion in Chubb’s investment portfolio, partially offset by $643 million of foreign currency gains. Book value per share and tangible book value

per share excluding AOCI increased by 7.4% and 10.1%, from December 31, 2025.

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

Chubb Limited

Nine Months Ended Summary

(in millions of U.S. dollars, except per share amounts and ratios)

(Unaudited)

(Per Share)

2026

2025

Change

2026

2025

Change

Net income

$8,018

$7,100

12.9%

$20.46

$17.61

16.2%

Adjusted net realized (gains) losses, net of tax

396

(428)

1.02

(1.06)

Integration expenses and severance, net of tax

0.05

0.01

Market risk benefits (gains) losses, net of tax

213

(81.7)%

0.10

0.53

(81.1)%

Amortization of deferred tax asset from Bermuda law

(95.6)%

0.01

0.22

(95.5)%

Amortization of fair value adjustments, net of tax

119

127

(6.3)%

0.30

0.31

(3.2)%

Core operating income, net of tax

$8,597

$7,106

21.0%

$21.94

$17.62

24.5%

Annualized return on equity (ROE)

14.5%

13.9%

Core operating return on tangible equity (ROTE)

21.2%

19.9%

Core operating ROE

14.6%

13.2%

For the nine months ended September 30, 2026 and 2025, the tax expenses (benefits) related to the table above were

$6 million and $47 million, respectively for adjusted net realized gains and losses; $(7) million and nil for integration expenses and severance; $(7) million and $(38) million for market risk benefits gains and losses; $(33) million and

$(36) million for amortization of fair value adjustments; and $2.09 billion and $1.75 billion for core operating income.

Evan G. Greenberg,

Chairman and Chief Executive Officer of Chubb Limited, commented: “We had a really strong quarter with strong contributions from all of our businesses. Our diversification is highly supportive of growth and sustained margins which speak to our

underwriting discipline, a hallmark of our company.

“P&C underwriting, investment and life income results led to core operating earnings of

$2.98 billion, or $7.66 per share. Due to particularly light CAT losses last year, earnings are down 2% and up 1% per share from 2025. For the first nine months of the year, which is a more meaningful perspective, core operating income is a

record $8.6 billion, or $21.94 per share, up 21% and 24.5%, respectively, from the prior year.

“Annualized core operating return on tangible

equity is 21.6% and core operating ROE is 14.9%. Tangible book value per share is up 5.7% from the prior year. This was impacted by the mark-to-market due to higher

interest rates. Adjusting for AOCI, tangible book value per share increased 15.4%.

“For the quarter, P&C underwriting income is

$2.1 billion, which led to a combined ratio of 84.1%, and on a current accident year ex-CAT basis, our combined ratio is 82.6%, simply excellent. Year-to-date underwriting income of $5.8 billion is up nearly 34% from 2025.

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

“On the investment side of our business, adjusted net investment income is a record $1.9 billion, supported by rising interest rates and an

excellent fixed-income investment environment, which we have been anticipating for some time, given government deficits and the capital investment cycle. On the alternative asset side, as publicly announced in the quarter, Strategic Holdings, our

holding company partnership with KKR, agreed to sell our investment in USI Insurance Services to Aon, which is expected to result in a realized gain of $460 million on an investment of $740 million.

“While the market continues to grow more competitive in commercial P&C across the board, particularly in the U.S. and London, the substantial

majority of our underwriting businesses grew in the quarter, with the balance flat or purposely shrinking due to inadequate pricing or terms.

“We

are benefiting from our diversification. Overseas General grew 6.7%, with Latin America up 11.7%, Asia up 7.5% and Europe up about 7%. North America personal lines was up 5.3% and agriculture was up 5.1%. North America commercial was down 2.7%,

impacted by a reduction in exposure, including increased use of reinsurance and underwriting related non-renewal actions, predominantly property and financial lines-related. I fully expect North America commercial growth to improve in future

quarters.

“Our deep local presence and capabilities globally, our large and growing invested asset along with rising interest rates, and operating

discipline provide us continued growth opportunities and sustainability of value creation. I am confident in our ability to continue to outperform and to generate strong growth in operating earnings and EPS and, most important, double-digit growth

in tangible book value.”

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

Operating highlights for the quarter ended September 30, 2026 were as follows:

Chubb Limited

(in millions of U.S. dollars except for percentages)

2026

2025

Change

Consolidated

Net premiums written (increase of 1.8% in constant dollars)

15,143

14,866

1.9%

P&C

Net premiums written (increase of 1.6% in constant dollars)

13,183

12,934

1.9%

Underwriting income

2,061

2,259

(8.8)%

Combined ratio

84.1%

81.8%

Current accident year underwriting income excluding catastrophe losses (CATs)

2,255

2,183

3.3%

Current accident year combined ratio excluding CATs

82.6%

82.5%

Global P&C (excludes Agriculture)

Net premiums written (increase of 1.1% in constant dollars)

11,651

11,476

1.5%

Underwriting income

1,894

2,079

(8.9)%

Combined ratio

83.4%

81.0%

Current accident year underwriting income excluding CATs

2,085

2,029

2.7%

Current accident year combined ratio excluding CATs

81.8%

81.6%

Life Insurance

Net premiums written (increase of 3.7% in constant dollars)

1,960

1,932

1.4%

Segment income (increase of 14.7% in constant dollars)

369

332

11.4%

●

Consolidated net premiums earned increased 3.9%, or 4.0% in constant dollars. P&C net premiums earned

increased 4.3%, or 4.0% in constant dollars.

●

Operating cash flow was $6.07 billion and adjusted operating cash flow was $5.55 billion. Both were

records.

●

Total capital returned to shareholders in the quarter was $1.57 billion, comprising share repurchases of

$1.18 billion at an average purchase price of $344.32 per share and dividends of $393 million. Total capital returned to shareholders for the nine months was $4.47 billion, comprising share repurchases of $3.30 billion at an

average purchase price of $332.33 per share and dividends of $1.17 billion.

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

Details of financial results by business segment are available in the Chubb Limited Financial Supplement. Key segment items for the quarter ended September 30,

2026 are presented below:

Chubb Limited

(in millions of U.S. dollars except for percentages)

2026

2025

Change

Total North America P&C Insurance

(Comprising NA Commercial P&C Insurance, NA Personal P&C Insurance and NA

Agricultural Insurance)

Net premiums written

8,953

8,935

0.2%

Combined ratio

81.3%

79.2%

Current accident year combined ratio excluding CATs

80.7%

80.6%

North America Commercial P&C Insurance

Net premiums written (increase of 1.7% excluding large account property

including E&S and financial lines underwriting related exposure changes

including additional reinsurance)

5,512

5,663

(2.7)%

Major accounts retail and excess and surplus (E&S) wholesale

(increase of 1.2% excluding large account property including E&S and

financial lines underwriting related exposure changes including additional

reinsurance)

3,210

3,379

(5.0)%

Middle market and small commercial (with P&C lines up 2.6%, or up

4.0% excluding workers’ compensation payroll-related premium

adjustments (1), and financial lines down 5.9%, or up 1.8%

adjusting for

underwriting related exposure changes including additional reinsurance)

2,302

2,284

0.8%

Combined ratio

86.3%

81.5%

Current accident year combined ratio excluding CATs

82.1%

80.8%

North America Personal P&C Insurance

Net premiums written

1,909

1,814

5.3%

Combined ratio

60.3%

65.1%

Current accident year combined ratio excluding CATs

69.9%

72.1%

North America Agricultural Insurance

Net premiums written

1,532

1,458

5.1%

Combined ratio

89.3%

88.0%

Current accident year combined ratio excluding CATs

89.0%

89.7%

Overseas General Insurance

Net premiums written (increase of 5.2% in constant dollars)

3,943

3,695

6.7%

Commercial P&C

2,248

2,114

6.3%

Consumer P&C

1,695

1,581

7.2%

Combined ratio

86.4%

83.3%

Current accident year combined ratio excluding CATs

84.3%

84.4%

Global Reinsurance

Net premiums written

287

304

(5.6)%

Combined ratio

80.7%

77.4%

Current accident year combined ratio excluding CATs

78.7%

75.6%

Life Insurance

Net premiums written (increase of 3.7% in constant dollars)

1,960

1,932

1.4%

Net premiums written and deposits (increase of 17.7% in constant dollars)

2,797

2,428

15.2%

Segment income (increase of 14.7% in constant dollars)

369

332

11.4%

(1)

Relates to workers’ compensation annual payroll-related audit premium adjustments which are made in

the third quarter every year, as previously disclosed were significantly larger in 2025.

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

●

North America Commercial P&C Insurance: The combined ratio increased 4.8 percentage points, including a 3.1

percentage point increase from higher CATs, a 1.0 percentage point increase in the underlying loss ratio and a 0.3 percentage point increase in the underlying expense ratio with acquisition ratio up, both driven by shift in mix of business,

primarily due to reduction in property business.

●

North America Personal P&C Insurance: The combined ratio decreased 4.8 percentage points, including a 4.3

percentage point decrease from higher favorable prior period development (PPD) and a 2.2 percentage point decrease in the underlying loss ratio, partially offset by a 1.7 percentage point increase from higher CATs.

●

North America Agricultural Insurance: The combined ratio increased 1.3 percentage points, including a 1.9

percentage point increase from lower favorable PPD, partially offset by a 0.6 percentage point decrease in the underlying expense ratio.

●

Overseas General Insurance: The combined ratio increased 3.1 percentage points, including a 5.0 percentage point

increase from higher CATs and a 1.0 percentage point increase in the underlying acquisition expense ratio, due to shift in the mix of business, offset by a 1.8 percentage point decrease from higher favorable PPD, and a 0.9 percentage point decrease

in the underlying loss ratio.

●

Life Insurance: Net premiums written were $1.96 billion, up 1.4%, or 3.7% in constant dollars, with

International Life of $1.60 billion, down 0.6%, or up 2.0% in constant dollars, reflecting an adverse impact of 8.8 percentage points in constant dollars, from a one-time large transaction in the prior

year, and Chubb Benefits up 11.7%, or 12.1% in constant dollars. International life net premiums written and deposits collected were $2.44 billion, up 15.7%, or 18.6% in constant dollars. Life Segment income was $369 million, up 11.4%, or

14.7% in constant dollars, primarily reflecting growth in International Life of 7.0%, or 10.9% in constant dollars.

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

All comparisons are with the same period last year unless otherwise specifically stated.

Please refer to the Chubb Limited Financial Supplement, dated September 30, 2026, which is posted on Chubb’s investor relations website,

investors.chubb.com, in the Financials section for more detailed information on individual segment performance, together with additional disclosure on reinsurance recoverable, loss reserves, investment portfolio, and debt and capital.

Chubb Limited will hold its third quarter earnings conference call on Wednesday, October 21, 2026, at 8:30 a.m. Eastern. The earnings conference call

will be available via live webcast at investors.chubb.com or by dialing 877-400-4403 (within the United States) or 332-251-2601 (international), passcode 1641662. Please refer to the Chubb website under Events and Presentations for details. A replay will be available after the call at the same location. To listen to the

replay, click here to register and receive dial-in numbers.

In this release, business activity for, and

the financial position of, Chubb acquisitions are reported at 100%, as required, except for core operating income, net income, book value, tangible book value, ROE, per share data, and certain other key metrics, which include only Chubb’s

ownership interest and exclude the non-controlling interest.

Segment income and core operating income for current

and prior periods have been redefined to reflect the definition of segment income and core operating income adopted in Q3 2026, which excludes intangible amortization expenses related to purchased intangibles other than long-term distribution

agreements. Refer to “Regulation G – Non-GAAP Financial Measures” below for more information.

About Chubb

Chubb is a world leader in insurance. With

operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is

defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a

component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.

Investor Contact

Susan Spivak: (212) 827-4445; investorrelations@chubb.com

Media Contact

mediarelations@chubb.com

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

Regulation G – Non-GAAP Financial Measures

In presenting our results, we included and discussed certain non-GAAP measures. These

non-GAAP measures, which may be defined differently by other companies, are important for an understanding of our overall results of operations and financial condition. However, they should not be viewed as a

substitute for measures determined in accordance with generally accepted accounting principles (GAAP).

Throughout this document there are various measures

presented on a constant-dollar basis (i.e., excludes the impact of foreign exchange). We believe it is useful to evaluate the trends in our results exclusive of the effect of fluctuations in exchange rates between the U.S. dollar and the

currencies in which our international business is transacted, as these exchange rates could fluctuate significantly between periods and distort the analysis of trends. The impact is determined by assuming constant foreign exchange rates between

periods by translating prior period results using the same local currency exchange rates as the comparable current period.

Adjusted net investment

income is net investment income excluding the amortization of the fair value adjustment on acquired invested assets from certain acquisitions of nil in Q3 2026 and $1 million in Q3 2025, and including investment income of $97 million

and $127 million in Q3 2026 and Q3 2025, from partially owned investment companies (private equity partnerships) where our ownership interest is in excess of 3% that are accounted for under the equity method. The amortization of the fair value

adjustment on acquired invested assets was $3 million and $7 million for the nine months ended September 30, 2026 and 2025, and the investment income from private equity partnerships was $343 million and $349 million for the

nine months ended September 30, 2026 and 2025. The mark-to-market movement on these private equity partnerships are included in adjusted net realized gains (losses)

as described below. We believe this measure is meaningful as it highlights the underlying performance of our invested assets and portfolio management in support of our lines of business.

Adjusted net realized gains (losses), net of tax, includes net realized gains (losses) and net realized gains (losses) recorded in other income (expense)

related to unconsolidated subsidiaries, and excludes realized gains and losses on crop derivatives and realized gains and losses on underlying investments supporting the liabilities of certain participating policies related to the

policyholders’ share of gains and losses. The crop derivatives were purchased to provide economic benefit, in a manner similar to reinsurance protection, in the event that a significant decline in commodity pricing impacts underwriting

results. We view gains and losses on these derivatives as part of the results of our underwriting operations, and therefore realized gains (losses) from these derivatives are reclassified to adjusted losses and loss expenses. The realized gains and

losses on underlying investments supporting the liabilities of certain participating policies have been reclassified from net realized gains (losses) to adjusted policy benefits. We believe this better reflects the economics of the liabilities and

the underlying investments supporting those liabilities.

P&C underwriting income (loss) excludes the Life Insurance segment and is calculated by

subtracting adjusted losses and loss expenses, adjusted policy benefits, policy acquisition costs and administrative expenses from net premiums earned. We use underwriting income (loss) and operating ratios to monitor the results of our operations

without the impact of certain factors, including net investment income, other income (expense), interest expense, amortization expense of purchased intangibles, integration expenses and severance, amortization of fair value adjustments of acquired

invested assets and long-term debt, income tax expense, adjusted net realized gains (losses), and market risk benefits gains (losses).

P&C current

accident year underwriting income excluding catastrophe losses is P&C underwriting income adjusted to exclude P&C catastrophe losses and prior period development (PPD). We believe it is useful to exclude catastrophe losses, as they are

not predictable as to timing and amount, and PPD as these unexpected loss developments on historical reserves are not indicative of our current underwriting performance. We believe the use of these measures enhances the understanding of our results

of operations by highlighting the underlying profitability of our insurance business.

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

References in this release to “current accident year” or “underlying” metrics exclude catastrophe losses and prior period development,

unless stated otherwise.

Core operating income relates only to Chubb income, which excludes noncontrolling interests. It excludes from Chubb

net income the after-tax impact of adjusted net realized gains (losses), market risk benefits gains (losses), amortization of fair value adjustments, and other items described in this paragraph. We believe

this presentation enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. We exclude adjusted net realized gains (losses) and market risk benefits gains (losses) because the

amount of these gains (losses) is heavily influenced by, and fluctuates in part according to, the availability of market opportunities. In addition, we believe that amortization of certain fair value adjustments arising from the application of

acquisition method accounting to acquired businesses does not represent the associated true economic costs and also affects comparability of our operating results to peers. We therefore exclude amortization of fair value adjustments, which includes

amortization expenses of fair value adjustments on purchased invested assets, long-term debt, and certain intangible assets acquired through business combinations (primarily agency distribution relationships and renewal rights); in contrast,

amortization expenses associated with value of business acquired (VOBA) and unearned premium reserves (UPR) intangible assets are included in core operating income as they are generally comparable to underwriting expenses recognized by peers. We

also exclude integration expenses, including legal and professional fees and all other costs directly related to acquisition integration activities, as well as severance expenses associated with transformation initiatives to enhance operational

efficiency. These costs, as well as the amortization of fair value adjustments on purchased invested assets, long-term debt, and certain intangible assets acquired through business combinations, are not related to the ongoing activities of the

individual segments and are therefore included in Corporate and excluded from our definition of segment income. We believe these integration expenses and severance are not indicative of our underlying profitability, and excluding these integration

expenses and severance facilitates the comparison of our financial results to our historical operating results. Additionally, we exclude the amortization of the deferred tax asset related to the tax benefit from the Bermuda Economic Transition

Adjustment, which we believe provides investors with a better view of our operating performance, enhances the understanding of the trends in the underlying business, improves comparability between periods and provides increased transparency.

References to core operating income measures mean net of tax, whether or not noted.

Core operating return on equity (ROE) and Core operating

return on tangible equity (ROTE) are annualized non-GAAP financial measures. The numerator includes core operating income (loss), net of tax. The denominator includes the average Chubb shareholders’

equity for the period adjusted to exclude unrealized gains (losses) on investments, current discount rate on future policy benefits (FPB), and instrument-specific credit risk on market risk benefits (MRB), all net of tax and attributable to Chubb.

For the ROTE calculation, the denominator is also adjusted to exclude Chubb goodwill and other intangible assets, net of tax. These measures enhance the understanding of the return on shareholders’ equity by highlighting the underlying

profitability relative to shareholders’ equity and tangible equity excluding the effect of these items as these are heavily influenced by changes in market conditions. We believe ROTE is meaningful because it measures the performance of our

operations without the impact of goodwill and other intangible assets.

P&C combined ratio is the sum of the loss and loss expense ratio,

acquisition cost ratio and the administrative expense ratio excluding the life business and including the realized gains and losses on the crop derivatives, as noted above.

P&C current accident year combined ratio excluding catastrophe losses excludes the impact of P&C catastrophe losses and PPD from the P&C

combined ratio. We believe this measure provides a useful evaluation of our underwriting performance and enhances the understanding of the trends in our P&C business that may be obscured by these items.

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

Global P&C performance metrics comprise consolidated operating results (including corporate) and exclude the operating results of Chubb’s Life

Insurance and North America Agricultural Insurance segments. The agriculture insurance business is a different business in that it is a public sector and private sector partnership in which insurance rates, premium growth, and risk-sharing is not

market-driven like the remainder of Chubb’s P&C insurance business. We believe that these measures are useful and meaningful to investors as they are used by management to assess Chubb’s global P&C operations which are the most

economically similar. We exclude the North America Agricultural Insurance and Life Insurance segments because the results of these businesses do not always correlate with the results of our global P&C operations.

Tangible book value per common share is Chubb shareholders’ equity less Chubb goodwill and other intangible assets, net of tax, divided by the

shares outstanding. We believe that goodwill and other intangible assets are not indicative of our underlying insurance results or trends and make book value comparisons to less acquisitive peer companies less meaningful.

Book value per share and tangible book value per share excluding accumulated other comprehensive income (loss) (AOCI), excludes AOCI from the numerator

because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates and foreign currency movement, to highlight underlying growth in book and tangible book value.

Adjusted operating cash flow is Operating cash flow excluding the operating cash flow related to the net investing activities of Huatai’s asset

management companies as it relates to the Consolidated Investment Products as required under consolidation accounting. Because these entities are investment companies, we are required to retain the investment company presentation in our consolidated

results, which means we include the net investing activities of these entities in our operating cash flows. Chubb has elected to remove the impact of net investing activities of consolidated investment companies from our operating cash flow as they

may distort a reader’s analysis of our underlying operating cash flow related to the core insurance company operations. These net investing activities are more appropriately classified outside of operating cash flows, consistent with our

consolidated investing activities. Accordingly, we believe that it is appropriate to adjust operating cash flow for the impact of consolidated investment products.

Life Insurance and International life insurance net premiums written and deposits collected includes deposits collected on universal life and investment

contracts (life deposits). Life deposits are not reflected as revenues in our consolidated statements of operations in accordance with U.S. GAAP. However, we include life deposits in presenting growth in our life insurance business because life

deposits are an important component of production and key to our efforts to grow our business.

See the reconciliation of

Non-GAAP Financial Measures on pages 27-33 in the Financial Supplement. These measures should not be viewed as a substitute for measures determined in accordance with

GAAP, including premium, net income, book value, return on equity, and net investment income.

NM – not meaningful comparison

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

Cautionary Statement Regarding Forward-Looking Statements:

Forward-looking statements made in this press release, such as those related to company performance, pricing, growth opportunities, economic and market

conditions, and our expectations and intentions and other statements that are not historical facts, reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private

Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the following: competition, pricing and policy term trends, the levels

of new and renewal business achieved, the frequency and severity of unpredictable catastrophic events, actual loss experience, uncertainties in the reserving or settlement process, integration activities and performance of acquired companies, loss

of key employees or disruptions to our operations, new theories of liability, judicial, legislative, regulatory and other governmental developments, litigation tactics and developments, investigation developments and actual settlement terms, the

amount and timing of reinsurance recoverable, credit developments among reinsurers, rating agency action, possible terrorism or the outbreak and effects of war, economic, political, regulatory, insurance and reinsurance business conditions,

potential strategic opportunities including acquisitions and our ability to achieve them, as well as management’s response to these factors, and other factors identified in our filings with the Securities and Exchange Commission (SEC). Readers

are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of

new information, future events or otherwise.

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

Chubb Limited

Summary Consolidated Balance Sheets

(in millions of U.S. dollars, except per share data)

(Unaudited)

September 30

2026

December 31

2025

Assets

Investments

172,507

168,720

Cash and restricted cash

3,010

2,470

Total invested assets

175,517

171,190

Insurance and reinsurance balances receivable

18,188

15,944

Reinsurance recoverable on losses and loss expenses

20,611

20,338

Goodwill and other intangible assets ($26,021 and $25,775 represents Chubb portion as of 9/30/2026 and 12/31/2025,

respectively)

26,665

26,448

Other assets

42,528

38,407

Total assets

283,509

272,327

Liabilities

Unpaid losses and loss expenses

91,829

88,018

Unearned premiums

28,608

26,279

Other liabilities

84,560

78,251

Total liabilities

204,997

192,548

Shareholders’ equity

Chubb shareholders’ equity, excl. AOCI

82,710

78,732

Accumulated other comprehensive income (loss) (AOCI)

(9,483)

(4,975)

Chubb shareholders’ equity

73,227

73,757

Noncontrolling interests

5,285

6,022

Total shareholders’ equity

78,512

79,779

Total liabilities and shareholders’ equity

283,509

272,327

Book value per common share

191.43

188.59

Tangible book value per common share

126.96

126.22

Book value per common share, excl. AOCI

216.22

201.31

Tangible book value per common share, excl. AOCI

150.70

136.91

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

Chubb Limited News Release

Chubb Limited

Summary Consolidated Financial Data

(in millions of U.S. dollars, except share, per share data, and

ratios)

(Unaudited)

Three Months Ended

September 30

Nine Months Ended

September 30

2026

2025

2026

2025

Gross premiums written

18,359

18,069

52,857

50,450

Net premiums written

15,143

14,866

43,853

41,708

Net premiums earned

14,924

14,359

42,270

39,484

Losses and loss expenses

7,526

6,951

20,348

20,419

Policy benefits

1,477

1,372

4,877

4,005

Policy acquisition costs

2,739

2,563

7,967

7,291

Administrative expenses

1,126

1,138

3,443

3,343

Net investment income

1,791

1,648

5,260

4,777

Net realized gains (losses)

(455)

283

(700)

327

Market risk benefits gains (losses)

(65)

(142)

(46)

(251)

Interest expense

204

197

602

559

Other income (expense):

Gains (losses) from separate account assets

(24)

(9)

(31)

Other

388

694

812

Amortization of purchased intangibles

221

224

Integration expenses and severance

Income tax expense

666

787

2,054

1,825

Net income

2,736

3,107

7,965

7,449

Less: NCI income (loss)

(108)

306

(53)

349

Chubb net income

2,844

2,801

8,018

7,100

Diluted earnings per share:

Chubb net income

7.30

6.99

20.46

17.61

Core operating income

7.66

7.60

21.94

17.62

Weighted average shares

outstanding

389.4

400.9

391.8

403.2

P&C combined ratio

Loss and loss expense ratio

58.7%

56.7%

57.1%

60.8%

Policy acquisition cost ratio

18.3%

17.7%

19.1%

18.5%

Administrative expense ratio

7.1%

7.4%

7.8%

8.0%

P&C combined ratio

84.1%

81.8%

84.0%

87.3%

P&C underwriting income

2,061

2,259

5,790

4,331

Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of

Chubb.

EX-99.2

Filename: d160822dex992.htm · Sequence: 3

EX-99.2

Exhibit 99.2

Chubb Limited

Financial

Supplement

for the Quarter Ended September 30, 2026

Investor Contact

Susan Spivak: (212) 827-4445

email: investorrelations@chubb.com

This report is for

informational purposes only. It should be read in conjunction with documents filed by Chubb Limited with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Cautionary Statement Regarding Forward-Looking Statements

Any

forward-looking statements made in this financial supplement reflect Chubb Limited’s current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation

Reform Act of 1995. Such statements involve risks and uncertainties which may cause actual results to differ materially from such statements. For example, forward-looking statements related to financial performance, including exposures, reserves and

recoverables, could be affected by the frequency and severity of unpredictable catastrophic events, actual loss experience, uncertainties in the reserving or settlement process, currency exchange fluctuations, new theories of liability, judicial,

legislative, regulatory and other governmental developments, litigation tactics and developments, investigation developments and actual settlement terms, the amount and timing of reinsurance receivable and credit developments among reinsurers.

Our forward-looking statements could also be affected by, among other things, competition, pricing and policy term trends, market acceptance, changes in demand, actual

market developments, rating agency action, possible terrorism or the outbreak and effects of war, and such other factors identified in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on

these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Chubb Limited

Financial Supplement Table of Contents

Page

Financial Highlights

- Consolidated Financial Highlights

II.

Consolidated Results

- Consolidated Statement of Operations

- P&C - Consecutive Quarters

- Global P&C - Consecutive Quarters

- Summary Consolidated Balance Sheets

- Product Line

- Consolidated Results by Segment

7 - 8

III.

Segment Results

- North America Commercial P&C Insurance

- North America Personal P&C Insurance

- North America Agricultural Insurance

- Overseas General Insurance

- Global Reinsurance

- Life Insurance

- Corporate

IV.

Balance Sheet Details

- Loss Reserve Rollforward

- Reinsurance Recoverable Analysis

- Investment Portfolio

18 - 21

- Net Realized and Unrealized Gains (Losses)

22 - 23

- Debt and Capital

- Computation of Basic and Diluted Earnings Per Share

- Book Value and Book Value per Common Share

Other Disclosures

- Non-GAAP Financial Measures

27 - 33

- Glossary

Note on Chubb Metrics:

In this financial supplement, business activity for, and the financial position of, Chubb acquisitions are reported at 100%, as required, except for core

operating income, net income, book value, tangible book value, ROE, per share data, and certain other key metrics, which include only Chubb’s ownership interest and exclude the non-controlling interest.

Segment Income and Core Operating Income Redefined:

Effective Q3 2026, segment income and core operating income have been redefined to exclude amortization expenses related to purchased intangibles other

than long-term distribution agreements. Prior-period results have been restated to reflect these changes.

Refer to page 1 for current and

prior-period results reflecting the adjusted presentation and information on Non-GAAP disclosures beginning on page 27.

Chubb Limited

Consolidated Financial Highlights

(in millions

of U.S. dollars, except share, per share data, and ratios)

(Unaudited)

Note: All dollar amounts in the Financial Supplement are rounded. However, percent changes and ratios are calculated using whole dollars. Accordingly, calculations

using rounded dollars may differ.

Three months ended September 30

Constant $

Nine months ended September 30

Constant $

Year ended December 31

2026

2025*

% Change

2025*

% Change

2026

2025*

% Change

2025*

% Change

2025*

2024*

Gross premiums written

18,359

18,069

1.6%

18,079

1.5%

52,857

50,450

4.8%

51,148

3.3%

65,946

62,003

Net premiums written

15,143

14,866

1.9%

14,870

1.8%

43,853

41,708

5.1%

42,287

3.7%

54,842

51,468

P&C net premiums written

13,183

12,934

1.9%

12,980

1.6%

37,667

36,254

3.9%

36,824

2.3%

47,563

45,142

Global P&C net premiums written

11,651

11,476

1.5%

11,522

1.1%

35,048

33,787

3.7%

34,357

2.0%

44,637

42,439

Life Insurance net premiums written

1,960

1,932

1.4%

1,890

3.7%

6,186

5,454

13.4%

5,463

13.2%

7,279

6,326

Net premiums earned

14,924

14,359

3.9%

14,347

4.0%

42,270

39,484

7.1%

39,984

5.7%

53,014

49,846

P&C underwriting income

2,061

2,259

-8.8%

2,247

-8.3%

5,790

4,331

33.7%

4,403

31.5%

6,528

5,850

P&C CAY underwriting income ex Cats

2,255

2,183

3.3%

2,177

3.6%

6,390

6,022

6.1%

6,090

4.9%

8,316

7,381

Adjusted net investment income

1,888

1,776

6.3%

1,779

6.2%

5,606

5,133

9.2%

5,167

8.5%

6,947

6,376

Core operating income

2,980

3,048

-2.2%

3,028

-1.6%

8,597

7,106

21.0%

7,168

19.9%

10,133

9,337

Adjusted operating cash flow

5,550

4,509

12,829

9,741

13,906

15,904

Net investment income

1,791

1,648

8.6%

1,648

8.6%

5,260

4,777

10.1%

4,802

9.5%

6,465

5,930

Chubb net income

2,844

2,801

1.5%

8,018

7,100

12.9%

10,310

9,272

Operating cash flow

6,071

3,639

13,748

8,756

12,816

16,182

P&C combined ratio

Loss and loss expense ratio

58.7%

56.7%

57.1%

60.8%

59.1%

60.4%

Policy acquisition cost and administrative expense ratio

25.4%

25.1%

26.9%

26.5%

26.6%

26.2%

Combined ratio

84.1%

81.8%

84.0%

87.3%

85.7%

86.6%

P&C Current Accident Year (CAY) combined ratio ex Catastrophe losses (Cats)

CAY loss and loss expense ratio ex Cats

57.3%

57.5%

55.5%

56.0%

55.3%

57.0%

CAY policy acquisition cost and administrative expense ratio ex Cats

25.3%

25.0%

26.8%

26.4%

26.6%

26.1%

CAY combined ratio ex Cats

82.6%

82.5%

82.3%

82.4%

81.9%

83.1%

ROE

15.3%

15.9%

14.5%

13.9%

15.0%

Core operating return on tangible equity (ROTE)

21.6%

24.8%

21.2%

19.9%

20.9%

21.9%

Core operating return on equity (ROE)

14.9%

16.6%

14.6%

13.2%

14.0%

14.1%

Effective tax rate

18.9%

21.9%

20.3%

20.4%

18.9%

16.3%

Core operating effective tax rate

19.9%

20.5%

19.5%

19.8%

19.5%

18.1%

Diluted earnings per share

Chubb net income

7.30

6.99

4.4%

20.46

17.61

16.2%

25.68

22.70

Core operating income

7.66

7.60

0.8%

21.94

17.62

24.5%

25.24

22.86

Weighted average diluted common shares outstanding

389.4

400.9

391.8

403.2

401.5

408.5

% Change

September 30

June 30

3Q-26 vs.

December 31

3Q-26 vs.

September 30

3Q-26 vs.

2026

2Q-26

2025

4Q-25

2025

3Q-25

Book value per common share

191.43

195.45

-2.1%

188.59

1.5%

182.22

5.1%

Tangible book value per common share

126.96

131.93

-3.8%

126.22

0.6%

120.13

5.7%

Book value per common share, excl. AOCI

216.22

210.81

2.6%

201.31

7.4%

194.63

11.1%

Tangible book value per common share, excl. AOCI

150.70

145.67

3.5%

136.91

10.1%

130.60

15.4%

*Core operating income has been redefined to exclude amortization expenses related to purchased intangibles other than long-term

distribution agreements. Refer to the table of contents page for additional information.

Financial Highlights

Page 1

Chubb Limited

Statement of Operations - Consecutive Quarters

(in millions of U.S. dollars)

(Unaudited)

Consolidated Statements of Operations

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

YTD

2026

YTD

2025

Full Year

2025

Gross premiums written

18,359

17,947

16,551

15,496

18,069

52,857

50,450

65,946

Net premiums written

15,143

14,705

14,005

13,134

14,866

43,853

41,708

54,842

Net premiums earned

14,924

13,889

13,457

13,530

14,359

42,270

39,484

53,014

Adjusted losses and loss expenses (1)

7,521

6,699

6,139

6,289

6,958

20,359

20,427

26,716

Realized (gains) losses on crop derivatives

)

Losses and loss expenses

7,526

6,691

6,131

6,281

6,951

20,348

20,419

26,700

Adjusted policy benefits (2)

1,479

1,480

1,813

1,355

1,422

4,772

4,076

5,431

Realized (gains) losses from investment portfolios supporting participating policies

(22

)

(72

)

(78

)

(Gains) losses from fair value changes in separate account assets

(63

)

(127

)

(27

)

(96

)

Policy benefits

1,477

1,615

1,785

1,455

1,372

4,877

4,005

5,460

Policy acquisition costs

2,739

2,632

2,596

2,556

2,563

7,967

7,291

9,847

Administrative expenses

1,126

1,168

1,149

1,161

1,138

3,443

3,343

4,504

Adjusted net investment income (3)

1,888

1,880

1,838

1,814

1,776

5,606

5,133

6,947

Other (income) expense from private equity partnerships

(97

)

(119

)

(127

)

(125

)

(127

)

(343

)

(349

)

(474

)

Amortization expense of fair value adjustment on acquired invested assets

)

Net investment income

1,791

1,760

1,709

1,688

1,648

5,260

4,777

6,465

Adjusted realized gains (losses) (4)

(482

)

(383

)

(81

)

331

(767

)

375

294

Realized gains (losses) from investment portfolios supporting participating policies

(16

)

(27

)

(41

)

(40

)

(67

)

Realized gains (losses) on crop derivatives

)

(11

)

(16

)

Net realized gains (losses)

(455

)

162

(407

)

(116

)

283

(700

)

327

211

Market risk benefits gains (losses)

(65

)

(37

)

(142

)

(46

)

(251

)

(288

)

Adjusted interest expense (5)

210

205

203

210

203

618

575

785

Amortization benefit of fair value adjustment on acquired long term debt

)

(16

)

(16

)

(21

)

Interest expense

204

200

198

205

197

602

559

764

Gains (losses) from fair value changes in separate account assets

(24

)

(12

)

127

)

(31

)

Net realized gains (losses) related to unconsolidated entities

282

(84

)

311

431

713

Other income (expense) from private equity partnerships

119

127

125

127

343

349

474

Other income (expense) - operating

(18

)

Other income (expense)

364

196

161

516

721

781

1,297

Adjusted amortization expense of purchased intangibles

(6)

Amortization expense of purchased intangibles other than long-term distribution agreements

170

178

238

Amortization expense of purchased intangibles

221

224

301

Integration expenses and severance

Income tax expense (benefit)

666

742

646

597

787

2,054

1,825

2,422

Net income

2,736

2,882

2,347

3,173

3,107

7,965

7,449

10,622

Less: NCI income (loss)

(108

)

(37

)

306

(53

)

349

312

Chubb net income

2,844

2,854

2,320

3,210

2,801

8,018

7,100

10,310

(1) Adjusted losses and loss expenses used throughout this report includes realized gains and losses on crop derivatives.

(2) Adjusted policy benefits used throughout this report includes gains and losses from fair value changes in separate account assets that do not qualify for separate

account reporting under U.S. GAAP and realized gains and losses on underlying investments supporting the liabilities of certain participating policies related to the policyholders’ share of gains and losses.

(3) Adjusted net investment income used throughout this report excludes Amortization expense of fair value adjustment on acquired invested assets and includes income

from private equity partnerships where we hold more than 3% ownership.

(4) Adjusted realized gains (losses) used throughout this report excludes realized gains and

losses on crop derivatives and realized gains and losses on underlying investments supporting the liabilities of certain participating policies related to the policyholders’ share of gains and losses.

(5) Adjusted interest expense used throughout this report excludes Amortization benefit of fair value adjustment on acquired long term debt.

(6) Adjusted amortization expense of purchased intangibles used throughout this report excludes Amortization expense of purchased intangibles other than long-term

distribution agreements.

Statement of Operations

Page 2

Chubb Limited

P&C Underwriting Results - Consecutive Quarters

(in millions of U.S. dollars, except ratios)

(Unaudited)

P&C

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

YTD

2026

YTD

2025

Full Year

2025

Gross premiums written

16,344

15,953

14,206

13,612

16,074

46,503

44,811

58,423

Net premiums written

13,183

12,768

11,716

11,309

12,934

37,667

36,254

47,563

Net premiums earned

12,967

11,955

11,189

11,716

12,434

36,111

34,074

45,790

Adjusted losses and loss expenses

7,487

6,677

6,111

6,257

6,927

20,275

20,350

26,607

Policy benefits

124

106

113

109

119

343

361

470

Policy acquisition costs

2,371

2,280

2,234

2,214

2,204

6,885

6,303

8,517

Administrative expenses

924

955

939

925

2,818

2,729

3,668

P&C underwriting income

2,061

1,937

1,792

2,197

2,259

5,790

4,331

6,528

P&C CAY underwriting income ex Cats

2,255

2,129

2,006

2,294

2,183

6,390

6,022

8,316

% Change versus prior year period

Net premiums written

1.9%

3.0%

7.2%

7.7%

5.3%

3.9%

4.6%

5.4%

Net premiums earned

4.3%

5.5%

8.6%

6.2%

5.0%

6.0%

4.7%

5.1%

Net premiums written constant $

1.6%

1.4%

4.1%

6.9%

4.7%

2.3%

5.2%

5.6%

Net premiums earned constant $

4.0%

3.6%

5.9%

5.3%

4.2%

4.5%

5.1%

5.2%

Combined ratio

Loss and loss expense ratio

58.7%

56.7%

55.6%

54.3%

56.7%

57.1%

60.8%

59.1%

Policy acquisition cost ratio

18.3%

19.1%

20.0%

18.9%

17.7%

19.1%

18.5%

18.6%

Administrative expense ratio

7.1%

8.0%

8.4%

8.0%

7.4%

7.8%

8.0%

Combined ratio

84.1%

83.8%

84.0%

81.2%

81.8%

84.0%

87.3%

85.7%

CAY combined ratio ex Cats

CAY loss and loss expense ratio ex Cats

57.3%

55.2%

53.8%

53.2%

57.5%

55.5%

56.0%

55.3%

CAY policy acquisition cost and administrative expense ratio ex Cats

25.3%

27.0%

28.3%

27.2%

25.0%

26.8%

26.4%

26.6%

CAY combined ratio ex Cats

82.6%

82.2%

82.1%

80.4%

82.5%

82.3%

82.4%

81.9%

Other ratios

Net premiums written/gross premiums written

81%

80%

82%

83%

80%

81%

Expense ratio

25.4%

27.1%

28.4%

26.9%

25.1%

26.9%

26.5%

26.6%

Expense ratio excluding A&H

23.7%

25.5%

26.8%

25.3%

23.6%

25.2%

24.9%

25.0%

Net catastrophe losses - pre-tax

705

475

500

365

285

1,680

2,556

2,921

Unfavorable (favorable) prior period development (PPD) - pre-tax

(511)

(283)

(286)

(268)

(361)

(1,080)

(865)

(1,133)

Impact of catastrophe losses on combined ratio - Unfavorable (favorable)

5.4%

4.0%

4.5%

3.0%

2.3%

4.7%

7.4%

6.3%

Impact of PPD on combined ratio - Unfavorable (favorable)

-3.9%

-2.4%

-2.6%

-2.3%

-3.0%

-2.5%

Impact of Cats and PPD on combined ratio - Unfavorable (favorable)

1.5%

1.6%

1.9%

0.7%

-0.7%

1.7%

4.9%

3.8%

P&C Results

Page 3

Chubb Limited

Global P&C Underwriting Results - Consecutive Quarters

(in millions of U.S. dollars, except ratios)

(Unaudited)

Global P&C

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

YTD

2026

YTD

2025

Full Year

2025

Gross premiums written

13,746

14,841

13,705

13,005

13,558

42,292

40,751

53,756

Net premiums written

11,651

11,992

11,405

10,850

11,476

35,048

33,787

44,637

Net premiums earned

11,408

11,314

11,000

11,055

10,939

33,722

31,816

42,871

Adjusted losses and loss expenses

6,181

6,151

6,058

5,817

5,703

18,390

18,551

24,368

Policy benefits

124

106

113

109

119

343

361

470

Policy acquisition costs

2,287

2,235

2,210

2,196

2,118

6,732

6,152

8,348

Administrative expenses

922

951

945

954

920

2,818

2,720

3,674

Global P&C underwriting income

1,894

1,871

1,674

1,979

2,079

5,439

4,032

6,011

Global P&C CAY underwriting income ex Cats

2,085

2,049

1,964

2,130

2,029

6,098

5,766

7,896

% Change versus prior year period

Net premiums written

1.5%

2.8%

7.1%

6.6%

5.3%

3.7%

4.7%

5.2%

Net premiums earned

4.3%

5.4%

8.5%

5.3%

4.9%

6.0%

4.8%

4.9%

Net premiums written constant $

1.1%

3.9%

5.7%

4.6%

2.0%

5.3%

5.4%

Net premiums earned constant $

4.0%

3.4%

5.8%

4.4%

4.1%

4.4%

5.2%

5.0%

Combined ratio

Loss and loss expense ratio

55.3%

56.1%

53.6%

53.2%

55.6%

59.4%

57.9%

Policy acquisition cost ratio

20.0%

19.8%

20.1%

19.9%

19.4%

19.9%

19.3%

19.5%

Administrative expense ratio

8.1%

8.4%

8.6%

8.4%

8.6%

Combined ratio

83.4%

83.5%

84.8%

82.1%

81.0%

83.9%

87.3%

86.0%

CAY combined ratio ex Cats

CAY loss and loss expense ratio ex Cats

53.7%

53.8%

53.5%

52.6%

54.0%

53.7%

54.2%

53.8%

CAY policy acquisition cost and administrative expense ratio ex Cats

28.1%

28.7%

28.3%

27.6%

28.2%

27.7%

27.9%

CAY combined ratio ex Cats

81.8%

81.9%

82.2%

80.9%

81.6%

81.9%

81.7%

Other ratios

Net premiums written/gross premiums written

85%

81%

83%

85%

83%

Expense ratio

28.1%

28.2%

28.7%

28.5%

27.8%

28.3%

27.9%

28.1%

Expense ratio excluding A&H

26.4%

26.6%

27.1%

26.9%

26.2%

26.7%

26.3%

26.4%

Net catastrophe losses - pre-tax

700

461

496

361

281

1,657

2,536

2,897

Unfavorable (favorable) prior period development (PPD) - pre-tax

(509)

(283)

(206)

(210)

(331)

(998)

(802)

(1,012)

Impact of catastrophe losses on combined ratio - Unfavorable (favorable)

6.1%

4.1%

4.5%

3.2%

2.6%

4.9%

7.9%

6.8%

Impact of PPD on combined ratio - Unfavorable (favorable)

-4.5%

-2.5%

-1.9%

-2.0%

-3.2%

-2.9%

-2.5%

Impact of Cats and PPD on combined ratio - Unfavorable (favorable)

1.6%

2.6%

1.2%

-0.6%

2.0%

5.4%

4.3%

Global P&C

Page 4

Chubb Limited

Summary Consolidated Balance Sheets

(in

millions of U.S. dollars, except per share data)

(Unaudited)

September 30

2026

June 30

2026

March 31

2026

December 31

2025

Assets

Short-term investments, at fair value

5,293

5,458

5,067

4,840

Fixed maturities available for sale, at fair value

125,804

125,518

123,433

122,680

Private debt held-for-investment, at amortized cost

2,261

2,252

2,477

2,411

Equity securities, at fair value

10,760

11,014

10,916

10,801

Private equities

17,528

17,385

17,132

17,239

Other investments

10,861

11,022

11,170

10,749

Total investments

172,507

172,649

170,195

168,720

Cash and restricted cash

3,010

2,753

2,634

2,470

Total invested assets

175,517

175,402

172,829

171,190

Securities lending collateral

2,295

1,870

2,277

2,500

Insurance and reinsurance balances receivable

18,188

19,068

17,101

15,944

Reinsurance recoverable on losses and loss expenses

20,611

20,284

20,159

20,338

Deferred policy acquisition costs

11,422

10,744

10,452

10,008

Value of business acquired (VOBA)

3,011

2,828

2,926

2,975

Prepaid reinsurance premiums

4,484

4,683

4,105

3,874

Goodwill and other intangible assets ($26,021 and $25,775 represents

Chubb portion as of 9/30/2026 and 12/31/2025, respectively)

26,665

26,488

26,587

26,448

Deferred tax assets

1,455

1,237

1,315

1,312

Separate account assets

7,340

7,471

6,718

6,925

Other assets

12,521

11,247

10,987

10,813

Total assets

283,509

281,322

275,456

272,327

Liabilities

Unpaid losses and loss expenses

91,829

89,669

88,915

88,018

Unearned premiums

28,608

28,511

27,180

26,279

Future policy benefits

21,133

20,159

19,273

18,420

Market risk benefits

530

505

642

659

Policyholder account balances

9,445

9,102

8,782

8,576

Separate account liabilities

7,340

7,471

6,718

6,925

Insurance and reinsurance balances payable

8,837

9,345

8,486

8,349

Securities lending payable

2,295

1,870

2,277

2,500

Accounts payable, accrued expenses, and other liabilities

14,042

13,433

13,617

13,432

Deferred tax liabilities

1,852

1,870

1,759

1,741

Short-term and long-term debt

18,658

18,115

17,470

17,227

Hybrid debt

428

427

425

422

Total liabilities

204,997

200,477

195,544

192,548

Shareholders’ equity

Chubb shareholders’ equity, excl. AOCI

82,710

81,295

79,699

78,732

Accumulated other comprehensive income (loss) (AOCI)

(9,483)

(5,923)

(5,911)

(4,975)

Chubb shareholders’ equity

73,227

75,372

73,788

73,757

Noncontrolling interests

5,285

5,473

6,124

6,022

Total shareholders’ equity

78,512

80,845

79,912

79,779

Total liabilities and shareholders’ equity

283,509

281,322

275,456

272,327

Book value per common share

191.43

195.45

189.93

188.59

% change over prior quarter

-2.1%

2.9%

0.7%

3.5%

Tangible book value per common share

(1)

126.96

131.93

126.65

126.22

% change over prior quarter

-3.8%

4.2%

0.3%

5.1%

Book value per common share, excl. AOCI

216.22

210.81

205.15

201.31

% change over prior quarter

2.6%

2.8%

1.9%

3.4%

Tangible book value per common share, excl. AOCI

150.70

145.67

140.35

136.91

% change over prior quarter

3.5%

3.8%

2.5%

4.8%

(1) Refer to page 26 in this financial supplement for more details.

Consol Bal Sheet

Page 5

Chubb Limited

Consolidated Net Premiums Written by Product Line

(in millions of U.S. dollars)

(Unaudited)

Constant $

YTD

Constant $

3Q-26

3Q-25

% Change

2026

2025

% Change

Net premiums written

Property and other short-tail lines

2,335

2,428

-3.8%

-4.3%

7,288

7,683

-5.1%

-7.1%

Commercial casualty

2,684

2,627

2.2%

2.1%

7,798

7,268

7.3%

6.1%

Financial lines

1,307

1,349

-3.2%

-3.5%

3,731

3,706

0.7%

-0.9%

Workers’ compensation

504

537

-6.2%

1,711

1,722

-0.6%

Commercial multiple peril (1)

489

462

5.9%

6.0%

1,480

1,359

8.9%

8.8%

Surety

249

203

22.3%

20.0%

716

628

13.9%

10.8%

Total Commercial P&C lines

7,568

7,606

-0.5%

-0.8%

22,724

22,366

1.6%

0.2%

Agriculture

1,532

1,458

5.1%

2,619

2,467

6.2%

Personal homeowners

1,568

1,473

6.4%

6.2%

4,481

4,151

8.0%

7.2%

Personal automobile

834

801

4.1%

1.0%

2,550

2,271

12.3%

6.7%

Personal other

506

447

13.2%

1,596

1,433

11.3%

9.0%

Total Personal lines (2)

2,908

2,721

6.9%

5.8%

8,627

7,855

9.8%

7.4%

Global A&H - P&C

888

845

5.2%

5.9%

2,693

2,474

8.9%

6.0%

Reinsurance lines

287

304

-5.6%

1,004

1,092

-8.1%

-8.2%

Total P&C

13,183

12,934

1.9%

1.6%

37,667

36,254

3.9%

2.3%

Life Insurance

1,960

1,932

1.4%

3.7%

6,186

5,454

13.4%

13.2%

Total Consolidated

15,143

14,866

1.9%

1.8%

43,853

41,708

5.1%

3.7%

(1) Commercial multiple peril represents retail package business (property and general liability).

(2) For purposes of this schedule only, certain 2025 Personal lines results have been reclassified among Personal lines categories to align with current-year reporting.

This reclassification did not impact total Personal lines results.

Product Line

Page 6

Chubb Limited

Consolidated Results

(in millions of U.S.

dollars, except ratios)

(Unaudited)

Three months ended September 30, 2026

North

America

Commercial P&C

North

America

Personal P&C

North

America

Agricultural

Overseas

General

Global

Total

Life

Total

Q3 2026

Insurance

Reinsurance

Corporate

P&C

Insurance

Consolidated

Net premiums written

5,512

1,909

1,532

3,943

287

13,183

1,960

15,143

% of total net premiums written

36%

13%

10%

26%

87%

13%

100%

Net premiums earned

5,222

1,846

1,559

4,053

287

12,967

1,957

14,924

Adjusted losses and loss expenses

3,422

668

1,306

1,910

130

7,487

7,521

Adjusted policy benefits

124

1,355

1,479

Policy acquisition costs

750

359

1,085

2,371

368

2,739

Administrative expenses

333

383

110

924

202

1,126

Underwriting income (loss)

717

732

167

551

(161)

2,061

(2)

2,059

Adjusted net investment income

985

143

318

114

(14)

1,567

321

1,888

Other income (expense) - operating

(17)

(3)

(1)

(14)

(8)

(43)

Adjusted amortization expense of purchased intangibles

(15)

(2)

(17)

Segment income (loss)

1,685

872

187

840

169

(183)

3,570

369

3,939

Combined ratio

86.3%

60.3%

89.3%

86.4%

80.7%

84.1%

CAY combined ratio ex Cats

82.1%

69.9%

89.0%

84.3%

78.7%

82.6%

Three months ended September 30, 2025

North

America

Commercial P&C

North

America

Personal P&C

North

America

Agricultural

Overseas

General

Global

Total

Life

Total

Q3 2025

Insurance

Reinsurance

Corporate

P&C

Insurance

Consolidated

Net premiums written

5,663

1,814

1,458

3,695

304

12,934

1,932

14,866

% of total net premiums written

38%

12%

10%

25%

87%

13%

100%

Net premiums earned

5,080

1,741

1,495

3,803

315

12,434

1,925

14,359

Adjusted losses and loss expenses

3,083

713

1,224

1,707

139

6,927

6,958

Adjusted policy benefits

119

1,303

1,422

Policy acquisition costs

708

339

975

2,204

359

2,563

Administrative expenses

348

368

113

925

213

1,138

Underwriting income (loss)

941

607

180

634

(174)

2,259

2,278

Adjusted net investment income

978

123

288

100

(17)

1,492

284

1,776

Other income (expense) - operating

(10)

(1)

(8)

(3)

(22)

Adjusted amortization expense of purchased intangibles

(13)

(2)

(15)

Segment income (loss)

1,909

729

200

901

171

(194)

3,716

332

4,048

Combined ratio

81.5%

65.1%

88.0%

83.3%

77.4%

81.8%

CAY combined ratio ex Cats

80.8%

72.1%

89.7%

84.4%

75.6%

82.5%

Consol Results - QTD

Page 7

Chubb Limited

Consolidated Results

(in millions of U.S.

dollars, except ratios)

(Unaudited)

Nine months ended September 30, 2026

North

America

Commercial P&C

North

America

Personal P&C

North

America

Agricultural

Overseas

General

Global

Total

Life

Total

YTD 2026

Insurance

Reinsurance

Corporate

P&C

Insurance

Consolidated

Net premiums written

16,001

5,644

2,619

12,399

1,004

37,667

6,186

43,853

% of total net premiums written

37%

13%

28%

86%

14%

100%

Net premiums earned

15,584

5,409

2,389

11,817

912

36,111

6,159

42,270

Adjusted losses and loss expenses

10,014

2,493

1,885

5,271

388

224

20,275

20,359

Adjusted policy benefits

343

4,429

4,772

Policy acquisition costs

2,232

1,053

153

3,154

293

6,885

1,082

7,967

Administrative expenses

1,038

258

1,169

327

2,818

625

3,443

Underwriting income (loss)

2,300

1,605

351

1,880

205

(551)

5,790

(61)

5,729

Adjusted net investment income

2,938

420

931

332

(32)

4,657

949

5,606

Other income (expense) - operating

(46)

(9)

(3)

(26)

(24)

(108)

148

Adjusted amortization expense of purchased intangibles

(43)

(8)

(51)

Segment income (loss)

5,192

2,016

416

2,742

537

(607)

10,296

1,028

11,324

Combined ratio

85.2%

70.3%

85.3%

84.1%

77.5%

84.0%

CAY combined ratio ex Cats

81.9%

70.4%

87.7%

85.0%

76.3%

82.3%

Nine months ended September 30, 2025

North

America

Commercial P&C

North

America

Personal P&C

North

America

Agricultural

Overseas

General

Global

Total

Life

Total

YTD 2025

Insurance

Reinsurance

Corporate

P&C

Insurance

Consolidated

Net premiums written

16,173

5,304

2,467

11,218

1,092

36,254

5,454

41,708

% of total net premiums written

38%

13%

27%

87%

13%

100%

Net premiums earned

15,245

4,996

2,258

10,554

1,021

34,074

5,410

39,484

Adjusted losses and loss expenses

9,372

3,628

1,799

4,893

513

145

20,350

20,427

Adjusted policy benefits

361

3,715

4,076

Policy acquisition costs

2,132

1,001

151

2,725

294

6,303

988

7,291

Administrative expenses

1,049

251

1,067

324

2,729

614

3,343

Underwriting income (loss)

2,692

116

299

1,508

185

(469)

4,331

4,347

Adjusted net investment income

2,845

361

847

255

(67)

4,304

829

5,133

Other income (expense) - operating

(26)

(2)

(1)

(19)

(23)

(71)

103

Adjusted amortization expense of purchased intangibles

(39)

(7)

(46)

Segment income (loss)

5,511

475

361

2,297

440

(559)

8,525

941

9,466

Combined ratio

82.3%

97.7%

86.8%

85.7%

81.9%

87.3%

CAY combined ratio ex Cats

81.1%

73.1%

88.7%

85.1%

74.5%

82.4%

Consol Results - YTD

Page 8

Chubb Limited

Segment Results - Consecutive Quarters

(in

millions of U.S. dollars, except ratios)

(Unaudited)

North America Commercial P&C Insurance

YTD

Full Year

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

2026

2025

Gross premiums written

6,446

7,194

5,890

6,177

6,652

19,530

19,386

25,563

Net premiums written

5,512

5,594

4,895

5,107

5,663

16,001

16,173

21,280

Net premiums earned

5,222

5,214

5,148

5,136

5,080

15,584

15,245

20,381

Losses and loss expenses

3,422

3,372

3,220

2,941

3,083

10,014

9,372

12,313

Policy acquisition costs

750

730

752

759

708

2,232

2,132

2,891

Administrative expenses

333

351

354

345

348

1,038

1,049

1,394

Underwriting income

717

761

822

1,091

941

2,300

2,692

3,783

Adjusted net investment income

985

982

971

995

978

2,938

2,845

3,840

Other income (expense) - operating

(17

)

(15

)

(14

)

(33

)

(10

)

(46

)

(26

)

(59

)

Segment income

1,685

1,728

1,779

2,053

1,909

5,192

5,511

7,564

CAY underwriting income ex Cats

940

952

935

1,045

987

2,827

2,901

3,946

Combined ratio

Loss and loss expense ratio

65.5%

64.7%

62.5%

57.2%

60.7%

64.3%

61.5%

60.4%

Policy acquisition cost ratio

14.4%

14.0%

14.6%

14.8%

13.9%

14.2%

14.0%

14.2%

Administrative expense ratio

6.4%

6.7%

6.9%

6.8%

6.9%

6.7%

6.8%

Combined ratio

86.3%

85.4%

84.0%

78.8%

81.5%

85.2%

82.3%

81.4%

CAY combined ratio ex Cats

CAY loss and loss expense ratio ex Cats

61.4%

61.1%

60.4%

58.6%

60.4%

60.9%

60.3%

59.9%

CAY policy acquisition cost and administrative expense ratio ex Cats

20.7%

21.4%

21.3%

20.4%

21.0%

20.8%

20.9%

CAY combined ratio ex Cats

82.1%

81.8%

79.9%

80.8%

81.9%

81.1%

80.8%

Net catastrophe losses - pre-tax

237

302

202

129

741

455

584

Unfavorable (favorable) prior period development (PPD) - pre-tax

(14

)

(111

)

(89

)

(175

)

(26

)

(214

)

(246

)

(421

)

% Change versus prior year period

Net premiums written

-2.7%

-2.3%

2.3%

4.3%

2.9%

-1.1%

3.1%

3.4%

Net premiums earned

2.8%

0.7%

3.2%

0.4%

-0.6%

2.2%

2.4%

1.9%

Other ratios

Net premiums written/gross premiums written

86%

78%

83%

85%

82%

83%

Production by Size - Net premiums written

(1)

Major Accounts & Specialty

3,210

3,257

2,772

3,003

3,379

9,239

9,688

12,691

Commercial

2,302

2,337

2,123

2,104

2,284

6,762

6,485

8,589

Total

5,512

5,594

4,895

5,107

5,663

16,001

16,173

21,280

(1) Major Accounts & Specialty: large corporate accounts and wholesale business. Commercial: principally middle market and small

commercial accounts.

NA Commercial

Page 9

Chubb Limited

Segment Results - Consecutive Quarters

(in

millions of U.S. dollars, except ratios)

(Unaudited)

North America Personal P&C Insurance

YTD

Full Year

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

2026

2025

Gross premiums written

2,182

2,315

1,934

1,984

2,078

6,431

6,126

8,110

Net premiums written

1,909

2,054

1,681

1,720

1,814

5,644

5,304

7,024

Net premiums earned

1,846

1,817

1,746

1,767

1,741

5,409

4,996

6,763

Losses and loss expenses

668

791

1,034

889

713

2,493

3,628

4,517

Policy acquisition costs

359

347

336

339

1,053

1,001

1,337

Administrative expenses

258

251

336

Underwriting income

732

593

280

457

607

1,605

116

573

Net investment income

143

140

137

125

123

420

361

486

Other income (expense) - operating

)

Segment income

872

730

414

581

729

2,016

475

1,056

CAY underwriting income ex Cats

556

546

501

533

486

1,603

1,358

1,891

Combined ratio

Loss and loss expense ratio

36.2%

43.5%

59.3%

50.4%

41.0%

46.1%

72.6%

66.8%

Policy acquisition cost ratio

19.4%

19.1%

19.9%

18.9%

19.4%

20.1%

19.7%

Administrative expense ratio

4.7%

4.8%

4.7%

4.8%

5.0%

Combined ratio

60.3%

67.3%

84.0%

74.1%

65.1%

70.3%

97.7%

91.5%

CAY combined ratio ex Cats

CAY loss and loss expense ratio ex Cats

45.8%

46.1%

46.6%

46.2%

48.0%

46.2%

48.3%

47.7%

CAY policy acquisition cost and administrative expense ratio ex Cats

24.1%

23.8%

24.7%

23.7%

24.1%

24.2%

24.8%

24.6%

CAY combined ratio ex Cats

69.9%

71.3%

69.9%

72.1%

70.4%

73.1%

72.3%

Net catastrophe losses - pre-tax

203

126

222

161

551

1,645

1,721

Unfavorable (favorable) prior period development (PPD) - pre-tax

(379

)

(173

)

(282

)

(553

)

(403

)

(403

)

% Change versus prior year period

Net premiums written

5.3%

6.0%

8.3%

6.1%

8.1%

6.4%

8.0%

7.5%

Net premiums earned

6.0%

8.1%

10.9%

8.5%

10.5%

8.3%

9.6%

9.3%

Other ratios

Net premiums written/gross premiums written

88%

89%

87%

88%

87%

NA Personal

Page 10

Chubb Limited

Segment Results - Consecutive Quarters

(in

millions of U.S. dollars, except ratios)

(Unaudited)

North America Agricultural Insurance

YTD

Full Year

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

2026

2025

Gross premiums written

2,598

1,112

501

607

2,516

4,211

4,060

4,667

Net premiums written

1,532

776

311

459

1,458

2,619

2,467

2,926

Net premiums earned

1,559

641

189

661

1,495

2,389

2,258

2,919

Adjusted losses and loss expenses

1,306

526

440

1,224

1,885

1,799

2,239

Policy acquisition costs

153

151

169

Administrative expenses

)

(15

)

Underwriting income

167

118

218

180

351

299

517

Net investment income

Other income (expense) - operating

)

Segment income

187

144

240

200

416

361

601

CAY underwriting income ex Cats

170

164

154

292

256

420

Combined ratio

Loss and loss expense ratio

83.8%

82.0%

27.9%

66.5%

81.9%

78.9%

79.7%

76.7%

Policy acquisition cost ratio

5.3%

7.2%

12.6%

2.8%

5.8%

6.4%

6.7%

5.8%

Administrative expense ratio

0.2%

0.5%

-3.0%

-2.3%

0.3%

0.0%

0.4%

-0.2%

Combined ratio

89.3%

89.7%

37.5%

67.0%

88.0%

85.3%

86.8%

82.3%

CAY combined ratio ex Cats

CAY loss and loss expense ratio ex Cats

83.5%

80.0%

68.0%

66.2%

83.6%

81.3%

81.5%

78.5%

CAY policy acquisition cost and administrative expense ratio ex Cats

5.5%

7.6%

9.6%

3.8%

6.1%

6.4%

7.2%

6.5%

CAY combined ratio ex Cats

89.0%

87.6%

77.6%

70.0%

89.7%

87.7%

88.7%

85.0%

Net catastrophe losses - pre-tax

Unfavorable (favorable) prior period development (PPD) - pre-tax

)

(80

)

(58

)

(30

)

(82

)

(63

)

(121

)

% Change versus prior year period

Net premiums written

5.1%

6.0%

12.7%

45.1%

5.6%

6.2%

3.4%

8.2%

Net premiums earned

4.3%

7.2%

14.6%

24.0%

5.4%

5.8%

3.9%

7.9%

Other ratios

Net premiums written/gross premiums written

59%

70%

62%

76%

58%

62%

61%

63%

NA Agriculture

Page 11

Chubb Limited

Segment Results - Consecutive Quarters

(in

millions of U.S. dollars, except ratios)

(Unaudited)

Overseas General Insurance

YTD

Full Year

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

2026

2025

Gross premiums written

4,806

4,903

5,478

4,608

4,496

15,187

13,988

18,596

Net premiums written

3,943

3,990

4,466

3,806

3,695

12,399

11,218

15,024

Net premiums earned

4,053

3,984

3,780

3,820

3,803

11,817

10,554

14,374

Losses and loss expenses

1,910

1,709

1,652

1,696

1,707

5,271

4,893

6,589

Policy benefits

124

106

113

109

119

343

361

470

Policy acquisition costs

1,085

1,060

1,009

999

975

3,154

2,725

3,724

Administrative expenses

383

399

387

368

1,169

1,067

1,435

Underwriting income

551

710

619

648

634

1,880

1,508

2,156

Adjusted net investment income

318

313

300

292

288

931

847

1,139

Other income (expense) - operating

(14

)

(31

)

(26

)

(19

)

(50

)

Adjusted amortization expense of purchased intangibles

(15

)

(14

)

(14

)

(13

)

(13

)

(43

)

(39

)

(52

)

Segment income

840

1,003

899

896

901

2,742

2,297

3,193

CAY underwriting income ex Cats

638

589

552

615

592

1,779

1,575

2,190

Combined ratio

Loss and loss expense ratio

50.2%

45.6%

46.7%

47.3%

48.0%

47.5%

49.8%

49.1%

Policy acquisition cost ratio

26.8%

26.6%

26.7%

26.1%

25.6%

26.7%

25.8%

25.9%

Administrative expense ratio

9.4%

10.0%

10.2%

9.6%

9.7%

9.9%

10.1%

10.0%

Combined ratio

86.4%

82.2%

83.6%

83.0%

83.3%

84.1%

85.7%

85.0%

CAY combined ratio ex Cats

CAY loss and loss expense ratio ex Cats

48.2%

48.7%

48.6%

48.4%

49.1%

48.5%

49.2%

49.0%

CAY policy acquisition cost and administrative expense ratio ex Cats

36.1%

36.5%

36.8%

35.6%

35.3%

36.5%

35.9%

35.8%

CAY combined ratio ex Cats

84.3%

85.2%

85.4%

84.0%

84.4%

85.0%

85.1%

84.8%

Net catastrophe losses - pre-tax

249

156

338

349

505

Unfavorable (favorable) prior period development (PPD) - pre-tax

(162

)

(146

)

(131

)

(189

)

(84

)

(439

)

(282

)

(471

)

% Change versus prior year period

Net premiums written

6.7%

10.2%

14.4%

10.8%

9.7%

10.5%

6.5%

7.5%

Net premiums written - Commercial

6.3%

8.8%

10.8%

5.6%

5.8%

8.7%

5.1%

5.2%

Net premiums written - Consumer

7.2%

12.1%

20.5%

18.7%

15.5%

13.1%

8.6%

11.0%

Net premiums earned

6.6%

12.5%

17.8%

11.3%

11.2%

12.0%

5.9%

7.3%

Net premiums written constant $

5.2%

4.8%

6.1%

8.1%

7.4%

5.4%

8.0%

Net premiums written - Commercial

4.9%

3.9%

3.1%

3.3%

3.9%

6.0%

5.3%

Net premiums written - Consumer

5.5%

5.8%

11.1%

15.4%

12.6%

7.5%

10.9%

12.0%

Net premiums earned constant $

5.6%

6.7%

9.6%

8.4%

7.2%

7.0%

7.4%

Other ratios: Net premiums written/gross premiums written

82%

81%

82%

83%

82%

80%

81%

Production by Region - Net premiums written

3Q-26

3Q-25

% Change

Constant $

% Change

YTD

2026

YTD

2025

% Change

Constant $

% Change

Europe, Middle East and Africa

1,508

1,412

6.8%

7.5%

5,353

4,875

9.8%

4.8%

Latin America

866

775

11.7%

5.5%

2,592

2,254

15.0%

6.2%

Asia

1,569

1,462

7.5%

6.3%

4,386

3,976

10.4%

7.0%

Other (1)

113

-41.0%

-42.3%

Total

3,943

3,695

6.7%

5.2%

12,399

11,218

10.5%

5.4%

(1) Includes the international supplemental A&H run-off business of Combined Insurance and other international operations.

Overseas General Insurance

Page 12

Chubb Limited

Segment Results - Consecutive Quarters

(in

millions of U.S. dollars, except ratios)

(Unaudited)

Global Reinsurance

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

YTD

2026

YTD

2025

Full Year

2025

Gross premiums written

312

429

403

236

332

1,144

1,251

1,487

Net premiums written

287

354

363

217

304

1,004

1,092

1,309

Net premiums earned

287

299

326

332

315

912

1,021

1,353

Losses and loss expenses

130

121

137

127

139

388

513

640

Policy acquisition costs

102

293

294

396

Administrative expenses

Underwriting income

205

185

280

Adjusted net investment income

114

110

108

100

332

255

354

Segment income

169

182

186

194

171

537

440

634

CAY underwriting income ex Cats

216

257

344

Combined ratio

Loss and loss expense ratio

45.2%

40.6%

41.9%

38.5%

43.8%

42.5%

50.1%

47.3%

Policy acquisition cost ratio

32.4%

32.7%

31.3%

30.9%

30.5%

32.1%

28.8%

29.3%

Administrative expense ratio

3.1%

2.8%

2.2%

3.1%

2.9%

3.0%

2.7%

Combined ratio

80.7%

76.1%

76.0%

71.6%

77.4%

77.5%

81.9%

79.3%

CAY combined ratio ex Cats

CAY loss and loss expense ratio ex Cats

42.1%

40.1%

41.4%

42.0%

41.4%

42.3%

42.1%

CAY policy acquisition cost and administrative expense ratio ex Cats

36.6%

34.8%

33.6%

32.5%

33.6%

34.9%

32.2%

CAY combined ratio ex Cats

78.7%

76.9%

73.7%

73.9%

75.6%

76.3%

74.5%

74.3%

Net catastrophe losses - pre-tax

Unfavorable (favorable) prior period development (PPD) - pre-tax

)

(11

)

(16

)

(15

)

(23

)

% Change versus prior year period

Net premiums written

-5.6%

-6.7%

-11.2%

-3.9%

-13.5%

-8.1%

-2.6%

-2.8%

Net premiums earned

-8.9%

-11.5%

-11.4%

3.2%

-0.5%

-10.7%

7.4%

6.4%

Net premiums written constant $

-5.6%

-6.7%

-11.7%

-4.2%

-13.8%

-8.2%

-2.7%

-3.0%

Net premiums earned constant $

-8.6%

-11.5%

-12.1%

2.9%

-0.9%

-10.8%

7.3%

6.2%

Other ratios

Net premiums written/gross premiums written

92%

83%

90%

91%

92%

88%

87%

88%

Global Reinsurance

Page 13

Chubb Limited

Segment Results - Consecutive Quarters

(in

millions of U.S. dollars)

(Unaudited)

Life Insurance

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

YTD

2026

YTD

2025

Full Year

2025

Gross premiums written

2,015

1,994

2,345

1,884

1,995

6,354

5,639

7,523

Net premiums written

1,960

1,937

2,289

1,825

1,932

6,186

5,454

7,279

Net premiums earned

1,957

1,934

2,268

1,814

1,925

6,159

5,410

7,224

Losses and loss expenses

109

Adjusted policy benefits

1,355

1,374

1,700

1,246

1,303

4,429

3,715

4,961

Policy acquisition costs

368

352

362

342

359

1,082

988

1,330

Administrative expenses

202

213

210

222

213

625

614

836

Adjusted net investment income

321

323

305

298

284

949

829

1,127

Other income (expense) - operating (1)

148

103

165

Adjusted amortization expense of purchased intangibles

)

(11

)

Segment income

369

338

321

328

332

1,028

941

1,269

% Change versus prior year period

Net premiums written

1.4%

7.5%

33.1%

16.9%

24.6%

13.4%

14.5%

15.1%

Net premiums earned

1.7%

8.1%

33.7%

15.9%

25.8%

13.9%

14.9%

15.1%

Net premiums written constant $

3.7%

6.3%

30.8%

18.3%

23.5%

13.2%

17.0%

17.3%

Net premiums earned constant $

3.9%

6.8%

31.5%

17.3%

24.7%

13.7%

17.5%

17.4%

International life insurance net premiums written and deposits breakdown (excludes Chubb Benefits and Life reinsurance businesses):

3Q-26

3Q-25

% Change

Constant $

% Change

YTD

2026

YTD

2025

% Change

Constant $

% Change

International life insurance net premiums written

(2)

1,604

1,613

-0.6%

2.0%

5,140

4,533

13.4%

13.2%

International life insurance deposits (3)

837

496

68.7%

72.2%

2,301

1,769

30.1%

28.3%

Total international life insurance net premiums written and deposits

2,441

2,109

15.7%

18.6%

7,441

6,302

18.1%

17.5%

International life insurance segment income

277

260

7.0%

10.9%

822

743

10.8%

11.8%

(1) Includes non-premium revenue and expenses unrelated to our core insurance operations from the management of third-party assets by

Huatai’s asset management businesses.

(2) Q3 2025 includes a favorable one-time large transaction of $126 million. Excluding the transaction, net premiums

written in the current quarter were up 7.9%, or 10.8% on a constant dollar basis.

(3) Includes deposits collected on universal life and investment contracts.

Consistent with U.S. GAAP, premiums collected on universal life and investment contracts are considered deposits and excluded from revenues.

Life Insurance

Page 14

Chubb Limited

Segment Results - Consecutive Quarters

(in

millions of U.S. dollars)

(Unaudited)

Corporate

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

YTD

2026

YTD

2025

Full Year

2025

Adjusted loss and loss expenses

158

164

224

145

309

Administrative expenses

110

107

110

148

113

327

324

472

Underwriting loss

(161

)

(265

)

(125

)

(312

)

(174

)

(551

)

(469

)

(781

)

Adjusted net investment income

(14

)

(18

)

(17

)

(32

)

(67

)

(85

)

Other income (expense) - operating

)

(14

)

(24

)

(23

)

(37

)

Adjusted interest expense

(210

)

(205

)

(203

)

(210

)

(203

)

(618

)

(575

)

(785

)

Amortization of fair value adjustments of acquired invested assets, long-term debt, and purchased intangibles

other than long-term distribution agreements

(51

)

(53

)

(53

)

(56

)

(55

)

(157

)

(169

)

(225

)

Integration expenses and severance

(11

)

(76

)

(28

)

(79

)

Adjusted net realized gains (losses)

(200

)

100

(356

)

201

247

(456

)

806

1,007

Market risk benefits gains (losses)

(65

)

(37

)

(142

)

(46

)

(251

)

(288

)

Income tax expense

(666

)

(742

)

(646

)

(597

)

(787

)

(2,054

)

(1,825

)

(2,422

)

Less: NCI income (loss)

(108

)

(37

)

306

(53

)

349

312

Net loss

(1,278

)

(1,212

)

(1,423

)

(1,082

)

(1,441

)

(3,913

)

(2,925

)

(4,007

)

Unfavorable (favorable) prior period development (PPD) - pre-tax

158

162

224

144

306

Corporate

Page 15

Chubb Limited

Loss Reserve Rollforward

(in millions of U.S.

dollars, except ratios)

(Unaudited)

Unpaid Losses

Net Paid to

Gross

Ceded

Net

Incurred Ratio

Balance at December 31, 2024

84,004

17,734

66,270

Losses and loss expenses incurred

8,654

1,758

6,896

Losses and loss expenses paid

(7,466

)

(1,462

)

(6,004

)

87%

Other (incl. foreign exch. revaluation)

279

228

Balance at March 31, 2025

85,471

18,081

67,390

Losses and loss expenses incurred

7,661

1,089

6,572

Losses and loss expenses paid

(7,620

)

(1,682

)

(5,938

)

90%

Other (incl. foreign exch. revaluation)

864

203

661

Balance at June 30, 2025

86,376

17,691

68,685

Losses and loss expenses incurred

8,827

1,876

6,951

Losses and loss expenses paid

(6,934

)

(1,190

)

(5,744

)

83%

Other (incl. foreign exch. revaluation)

170

126

Balance at September 30, 2025

88,439

18,421

70,018

Losses and loss expenses incurred

8,168

1,887

6,281

Losses and loss expenses paid

(8,555

)

(1,948

)

(6,607

)

105%

Other (incl. foreign exch. revaluation)

(34

)

(14

)

(20

)

Balance at December 31, 2025

88,018

18,346

69,672

Losses and loss expenses incurred

7,481

1,350

6,131

Losses and loss expenses paid

(6,822

)

(1,491

)

(5,331

)

87%

Other (incl. foreign exch. revaluation)

238

190

Balance at March 31, 2026

88,915

18,253

70,662

Losses and loss expenses incurred

8,114

1,423

6,691

Losses and loss expenses paid

(7,221

)

(1,199

)

(6,022

)

90%

Other (incl. foreign exch. revaluation)

(139

)

(24

)

(115

)

Balance at June 30, 2026

89,669

18,453

71,216

Losses and loss expenses incurred

9,499

1,973

7,526

Losses and loss expenses paid

(7,640

)

(1,588

)

(6,052

)

80%

Other (incl. foreign exch. revaluation)

301

220

Balance at September 30, 2026

91,829

18,919

72,910

Add net recoverable on paid losses

1,692

(1,692

)

Balance including net recoverable on paid losses

91,829

20,611

71,218

Loss Reserve Rollforward

Page 16

Chubb Limited

Reinsurance Recoverable Analysis

(in millions

of U.S. dollars)

(Unaudited)

Net Reinsurance

Recoverable by Division

September 30

June 30

March 31

December 31

2026

2025

Reinsurance recoverable on paid losses and loss expenses

Active operations

1,290

1,421

1,484

1,570

Brandywine and Other Run-off

451

461

486

494

Total

1,741

1,882

1,970

2,064

Reinsurance recoverable on unpaid losses and loss expenses

Active operations

18,091

17,644

17,445

17,503

Brandywine and Other Run-off

1,111

1,082

1,064

1,091

Total

19,202

18,726

18,509

18,594

Gross reinsurance recoverable

Active operations

19,381

19,065

18,929

19,073

Brandywine and Other Run-off

1,562

1,543

1,550

1,585

Total

20,943

20,608

20,479

20,658

Provision for uncollectible reinsurance (1)

Active operations

(233

)

(229

)

(225

)

(229

)

Brandywine and Other Run-off

(99

)

(95

)

(95

)

(91

)

Total

(332

)

(324

)

(320

)

(320

)

Net reinsurance recoverable

Active operations

19,148

18,836

18,704

18,844

Brandywine and Other Run-off

1,463

1,448

1,455

1,494

Total

20,611

20,284

20,159

20,338

(1) The provision for uncollectible reinsurance is based on a default analysis applied to gross reinsurance, net of usable collateral of

approximately $3.7 billion.

Reinsurance Recoverable

Page 17

Chubb Limited

Investment Portfolio

(in millions of U.S.

dollars)

(Unaudited)

September 30

June 30

March 31

December 31

2026

2025

Market Value

Fixed maturities available for sale

125,804

125,518

123,433

122,680

Other investments-fixed maturities

7,495

7,763

8,433

8,091

Short-term investments

5,293

5,458

5,067

4,840

Total fixed maturities

138,592

138,739

136,933

135,611

Asset Allocation by Market Value

U.S. and local government securities

3,387

3,594

3,697

3,714

Corporate and asset-backed securities

47,142

34%

47,927

35%

47,832

35%

47,886

35%

Mortgage-backed securities

32,809

24%

32,625

23%

31,322

23%

30,724

23%

Non-U.S.

49,961

36%

49,135

35%

49,015

35%

48,447

35%

Short-term investments

5,293

5,458

5,067

4,840

Total fixed maturities

138,592

100%

138,739

100%

136,933

100%

135,611

100%

Credit Quality by Market Value

AAA

13,218

10%

13,542

10%

13,258

10%

13,313

10%

42,527

31%

42,512

31%

41,208

30%

40,720

30%

37,099

26%

36,488

26%

36,350

27%

35,184

26%

BBB

25,712

19%

25,882

19%

24,376

18%

23,584

17%

11,553

11,782

12,576

12,948

10%

8,115

8,258

8,766

9,469

Other

368

275

399

393

Total fixed maturities

138,592

100%

138,739

100%

136,933

100%

135,611

100%

Cost/Amortized Cost, net

Fixed maturities available for sale

134,093

128,980

127,251

124,674

Other investments-fixed maturities

7,495

7,763

8,433

8,091

Short-term investments

5,295

5,459

5,067

4,840

Subtotal fixed maturities (1)

146,883

142,202

140,751

137,605

Equity securities

10,760

11,014

10,916

10,801

Private debt held-for-investment (1)

2,261

2,252

2,477

2,411

Private equities and other

20,894

20,644

19,869

19,897

Total investment portfolio

180,798

176,112

174,013

170,714

Avg. duration of fixed maturities (2)

5.0 years

4.8 years

4.7 years

Avg. market yield of fixed income investments

(3)

6.2%

5.5%

5.2%

Avg. credit quality

A/A

Avg. book yield of fixed income investments (3)

5.2%

5.1%

(1) Net of valuation allowance for expected credit losses.

(2) Excludes Huatai.

(3) Includes fixed maturities and other debt investments and

excludes Huatai.

Investments

Page 18

Chubb Limited

Investment Portfolio - 2

(in millions of U.S.

dollars)

(Unaudited)

Mortgage-backed Fixed

Income Portfolio

Mortgage-backed securities

S&P Credit Rating

AAA

BBB

BB and below

Total

Market Value at September 30, 2026

Agency residential mortgage-backed securities (RMBS)

29,111

29,163

Non-agency RMBS

2,294

204

175

2,716

Commercial mortgage-backed securities

782

102

930

Total mortgage-backed securities at market value

3,128

29,417

216

32,809

U.S. Corporate and Asset-backed Fixed Income Portfolios

Market Value at September 30, 2026

S&P Credit Rating

Investment Grade

AAA

BBB

Total

Asset-backed

3,619

776

323

275

4,993

Banks

3,090

1,529

4,628

Basic Materials

108

227

335

Communications

478

605

1,412

2,495

Consumer, Cyclical

146

787

1,145

2,086

Consumer, Non-Cyclical

604

3,043

2,110

5,848

Diversified Financial Services

115

596

265

976

Energy

605

1,622

2,315

Industrial

644

1,462

2,114

Utilities

289

1,877

1,647

3,825

All Others

340

1,403

1,752

3,583

Total

4,095

2,576

13,081

13,446

33,198

Market Value at September 30, 2026

S&P Credit Rating

Below Investment Grade

CCC

Total

Asset-backed

110

125

Banks

Basic Materials

384

299

690

Communications

535

627

1,190

Consumer, Cyclical

1,492

906

2,434

Consumer, Non-Cyclical

1,453

1,239

2,737

Diversified Financial Services

435

299

739

Energy

812

512

1,324

Industrial

1,170

718

1,941

Utilities

335

206

541

All Others

936

1,175

112

2,223

Total

7,566

6,091

287

13,944

Investments 2

Page 19

Chubb Limited

Investment Portfolio - 3

(in millions of U.S.

dollars)

(Unaudited)

Non-U.S. Fixed Income

Portfolio

September 30, 2026

Non-U.S. Government Securities

Market Value by S&P Credit Rating

AAA

BBB

BB and below

Total

People’s Republic of China

168

2,832

3,000

Republic of Korea

1,684

Kingdom of Thailand

1,005

Canada

861

United Mexican States

809

Taiwan

683

Commonwealth of Australia

674

Federative Republic of Brazil

664

Province of Hunan China

589

United Kingdom

581

Other Non-U.S. Government Securities

685

2,140

3,138

1,209

1,551

8,723

Total

2,220

5,256

7,564

2,018

2,215

19,273

Non-U.S. Corporate Securities

Market Value by S&P Credit Rating

AAA

BBB

BB and below

Total

China

7,152

706

7,869

United Kingdom

1,253

1,156

431

2,858

Canada

241

1,134

904

412

2,755

France

927

852

275

2,061

United States (1)

140

396

677

415

1,628

South Korea

507

407

565

1,480

Australia

288

480

537

1,372

Japan

804

370

1,273

Chile

206

493

702

Germany

165

331

695

Other Non-U.S. Corporate Securities

535

756

1,843

3,234

1,627

7,995

Total

867

1,854

14,767

9,825

3,375

30,688

(1) Countries represent the ultimate parent company’s country of risk. Non-U.S. corporate securities could be issued by foreign

subsidiaries of U.S. corporations.

Investments 3

Page 20

Chubb Limited

Investment Portfolio - 4

(in millions of U.S.

dollars)

(Unaudited)

Fixed

Maturity Investment Portfolio

Top 10 Global Corporate Exposures

September 30, 2026

Market Value

Rating

Bank of America Corp

824

A-

Morgan Stanley

711

A-

JP Morgan Chase & Co

684

Goldman Sachs Group Inc

548

BBB+

Wells Fargo & Co

530

BBB+

Citigroup Inc

496

BBB+

AT&T Inc

394

BBB

Verizon Communications Inc

388

BBB+

T-Mobile USA Inc

387

BBB+

Sempra

379

BBB

Investments 4

Page 21

Chubb Limited

Chubb Net Realized and Unrealized Gains (Losses)

(in millions of U.S. dollars)

(Unaudited)

Three months ended September 30, 2026

Realized Gains (Losses)

Unrealized Gains (Losses)

Realized and Unrealized Gains (Losses)

Gains

Tax

Gains

Tax

Gains

Tax

Gains

(Losses)

(Expense)

(Losses)

(Expense)

(Losses)

(Expense)

(Losses)

Pre-Tax

Benefit

After-Tax

Pre-Tax

Benefit

After-Tax

Pre-Tax

Benefit

After-Tax

Fixed income investments (1)

151

(54

)

(4,846

)

371

(4,475

)

(4,695

)

317

(4,378

)

Public equity:

Realized gains (losses) on sales

)

Mark-to-market

(325

)

(274

)

(325

)

(274

)

Private equity: Mark-to-market

175

(26

)

149

175

(26

)

149

Total investment portfolio

(32

)

(4,846

)

371

(4,475

)

(4,820

)

339

(4,481

)

Foreign exchange

(112

)

(88

)

599

639

487

551

Partially-owned entities (2)

Current discount rate on future policy benefits

322

(51

)

271

322

(51

)

271

Instrument-specific credit risk - market risk benefits

Other

)

Net gains (losses)

(88

)

(94

)

(3,918

)

359

(3,559

)

(4,006

)

353

(3,653

)

(1) The quarter includes pre-tax realized gains on investment derivatives of $233 million, a net increase of the valuation allowance of

expected credit losses of $5 million, and impairments of $15 million.

(2) Partially-owned entities are investments where we hold more than an insignificant

percentage of the investee’s shares. Refer to the Non-GAAP financial measures section for additional details.

Three months ended September 30, 2025

Realized Gains (Losses)

Unrealized Gains (Losses)

Realized and Unrealized Gains (Losses)

Gains

Tax

Gains

Tax

Gains

Tax

Gains

(Losses)

(Expense)

(Losses)

(Expense)

(Losses)

(Expense)

(Losses)

Pre-Tax

Benefit

After-Tax

Pre-Tax

Benefit

After-Tax

Pre-Tax

Benefit

After-Tax

Fixed income investments (3)

(154

)

(89

)

884

(52

)

832

730

743

Public equity:

Realized gains (losses) on sales

(14

)

(14

)

Mark-to-market

197

(69

)

128

197

(69

)

128

Private equity: Mark-to-market

(36

)

(26

)

(36

)

(26

)

Total investment portfolio

)

884

(52

)

832

944

(60

)

884

Foreign exchange

(115

)

(101

)

(17

)

(36

)

(39

)

Partially-owned entities (4)

Current discount rate on future policy benefits

258

284

258

284

Instrument-specific credit risk - market risk benefits

)

Other

)

Net gains (losses)

(54

)

(48

)

1,206

(40

)

1,166

1,152

(34

)

1,118

(3) The quarter includes pre-tax realized losses on investment derivatives of $84 million, a net decrease of the valuation allowance of

expected credit losses of $22 million, and impairments of $22 million.

(4) Partially-owned entities are investments where we hold more than an insignificant

percentage of the investee’s shares. Refer to the Non-GAAP financial measures section for additional details.

Net Gains (Losses)

Page 22

Chubb Limited

Chubb Net Realized and Unrealized Gains (Losses)

(in millions of U.S. dollars)

(Unaudited)

Nine months ended September 30, 2026

Realized Gains (Losses)

Unrealized Gains (Losses)

Realized and Unrealized Gains (Losses)

Gains

Tax

Gains

Tax

Gains

Tax

Gains

(Losses)

(Expense)

(Losses)

(Expense)

(Losses)

(Expense)

(Losses)

Pre-Tax

Benefit

After-Tax

Pre-Tax

Benefit

After-Tax

Pre-Tax

Benefit

After-Tax

Fixed income investments (1)

(196

)

(188

)

(6,320

)

560

(5,760

)

(6,516

)

568

(5,948

)

Public equity:

Realized gains (losses) on sales

159

(20

)

139

159

(20

)

139

Mark-to-market

(501

)

(425

)

(501

)

(425

)

Private equity: Mark-to-market

307

(101

)

206

307

(101

)

206

Total investment portfolio

(231

)

(37

)

(268

)

(6,320

)

560

(5,760

)

(6,551

)

523

(6,028

)

Foreign exchange

(137

)

(112

)

711

755

574

643

Partially-owned entities (2)

)

Current discount rate on future policy benefits

571

(120

)

451

571

(120

)

451

Instrument-specific credit risk - market risk benefits

)

Other

(18

)

(13

)

Net gains (losses)

(390

)

(396

)

(4,985

)

473

(4,512

)

(5,375

)

467

(4,908

)

(1) Year to date includes pre-tax realized gains on investment derivatives of $63 million, a net increase of the valuation allowance of

expected credit losses of $1 million, and impairments of $72 million.

(2) Partially-owned entities are investments where we hold more than an insignificant percentage

of the investee’s shares. Refer to the Non-GAAP financial measures section for additional details.

Nine months ended September 30, 2025

Realized Gains (Losses)

Unrealized Gains (Losses)

Realized and Unrealized Gains (Losses)

Gains

Tax

Gains

Tax

Gains

Tax

Gains

(Losses)

(Expense)

(Losses)

(Expense)

(Losses)

(Expense)

(Losses)

Pre-Tax

Benefit

After-Tax

Pre-Tax

Benefit

After-Tax

Pre-Tax

Benefit

After-Tax

Fixed income investments (3)

(140

)

(77

)

2,775

(163

)

2,612

2,635

(100

)

2,535

Public equity:

Realized gains (losses) on sales

(20

)

(20

)

Mark-to-market

357

(89

)

268

357

(89

)

268

Private equity: Mark-to-market

466

(67

)

399

466

(67

)

399

Total investment portfolio

753

(113

)

640

2,775

(163

)

2,612

3,528

(276

)

3,252

Foreign exchange

(269

)

(205

)

1,194

(26

)

1,168

925

963

Partially-owned entities (4)

Current discount rate on future policy benefits

Instrument-specific credit risk - market risk benefits

)

Other

(11

)

(127

)

(102

)

(138

)

(111

)

Net gains (losses)

475

(47

)

428

3,868

(116

)

3,752

4,343

(163

)

4,180

(3) Year to date includes pre-tax realized gains on investment derivatives of $46 million, a net decrease of the valuation allowance of

expected credit losses of $21 million, and impairments of $34 million.

(4) Partially-owned entities are investments where we hold more than an insignificant

percentage of the investee’s shares. Refer to the Non-GAAP financial measures section for additional details.

Net Gains (Losses) 2

Page 23

Chubb Limited

Debt and Capital

(in millions of U.S. dollars,

except ratios)

(Unaudited)

September 30

June 30

March 31

December 31

2026

2025

2024

Financial debt:

Total short-term debt

668

663

1,500

1,499

800

Total long-term debt (1)

17,990

17,452

15,970

15,728

14,379

Total financial debt

18,658

18,115

17,470

17,227

15,179

Hybrid debt:

Total trust preferred securities

309

Total subordinated debt (2)

119

118

116

113

110

Total hybrid debt

428

427

425

422

419

Total

19,086

18,542

17,895

17,649

15,598

Capitalization:

Chubb shareholders’ equity

73,227

75,372

73,788

73,757

64,021

Hybrid debt

428

427

425

422

419

Financial debt

18,658

18,115

17,470

17,227

15,179

Total capitalization

92,313

93,914

91,683

91,406

79,619

Less: Chubb unrealized gains (losses) on investments, net of deferred tax

(7,757

)

(3,282

)

(3,611

)

(1,997

)

(4,552

)

Total adjusted capitalization

100,070

97,196

95,294

93,403

84,171

Leverage ratios (based on total adjusted capital):

Hybrid debt

0.5%

0.4%

0.5%

Financial debt

18.6%

18.3%

18.4%

18.0%

Total hybrid & financial debt

19.1%

18.8%

18.5%

(1) During Q3, the company issued CHF 400 million of senior unsecured notes (approximately $494 million) consisting of CHF

175 million in notes due 2029 and CHF 225 million in notes due 2033. The interest rates were 0.86% and 1.22%, respectively. The use of proceeds for these offerings was general corporate purposes, which may include the repayment and

refinancing of debt.

(2) Capital Supplementary Bonds issued by Huatai Life. For purposes of calculating leverage ratios, Huatai debt is based on Chubb’s share

(excluding non-controlling interest).

Debt and Capital

Page 24

Chubb Limited

Computation of Basic and Diluted Earnings Per Share

(in millions of U.S. dollars, except share and per share data)

(Unaudited)

Year Ended

Three months ended September 30

Nine months ended September 30

December 31

2026

2025

2026

2025

Numerator

Core operating income

2,980

3,048

8,597

7,106

10,133

Amortization of fair value adjustments of acquired invested assets, long-term debt,

and purchased

intangibles other than long-term distribution agreements, pre-tax

(50

)

(54

)

(152

)

(163

)

(216

)

Tax (expense) benefit on amortization adjustment

Integration expenses and severance, pre-tax

(11

)

(28

)

(78

)

Tax (expense) benefit on integration expenses and severance

Adjusted net realized gains (losses), pre-tax

(88

)

(54

)

(390

)

475

717

Tax (expense) benefit on adjusted net realized gains (losses)

)

(47

)

Market risk benefits gains (losses), pre-tax

(65

)

(142

)

(46

)

(251

)

(288

)

Tax (expense) benefit on market risk benefits gains (losses)

Amortization of deferred tax asset from Bermuda law

(36

)

(91

)

(124

)

Chubb net income

2,844

2,801

8,018

7,100

10,310

Rollforward of Common Shares Outstanding

Shares - beginning of period

385,634,049

398,660,788

391,101,227

400,703,663

Repurchase of shares

(3,419,780

)

(4,436,315

)

(9,927,161

)

(8,121,824

)

(11,986,574

)

Shares issued (canceled), excluding option exercises

10,163

(33,632

)

39,903

581,712

683,260

Issued for option exercises

305,637

133,597

1,316,100

1,160,887

1,700,878

Shares - end of period

382,530,069

394,324,438

382,530,069

394,324,438

391,101,227

Denominator

Weighted average shares outstanding (1)

385,554,748

397,336,568

387,800,016

399,289,363

397,611,884

Effect of other dilutive securities

3,816,275

3,532,323

4,034,183

3,902,807

3,901,454

Adj. wtd. avg. shares outstanding and assumed conversions

389,371,023

400,868,891

391,834,199

403,192,170

401,513,338

Basic earnings per share

Core operating income

7.73

7.67

22.17

17.80

25.48

Amortization of fair value adjustments of acquired invested assets, long-term debt,

and purchased

intangibles other than long-term distribution agreements, net of tax

(0.10

)

(0.10

)

(0.30

)

(0.32

)

(0.43

)

Integration expenses and severance, net of tax

(0.02

)

(0.06

)

(0.01

)

(0.15

)

Adjusted net realized gains (losses), net of tax

(0.24

)

(0.13

)

(1.02

)

1.07

1.96

Market risk benefits gains (losses), net of tax

(0.14

)

(0.30

)

(0.10

)

(0.53

)

(0.62

)

Amortization of deferred tax asset from Bermuda law

0.15

(0.09

)

(0.01

)

(0.23

)

(0.31

)

Chubb net income

7.38

7.05

20.68

17.78

25.93

Diluted earnings per share

Core operating income

7.66

7.60

21.94

17.62

25.24

Amortization of fair value adjustments of acquired invested assets, long-term debt,

and purchased

intangibles other than long-term distribution agreements, net of tax

(0.10

)

(0.10

)

(0.30

)

(0.31

)

(0.43

)

Integration expenses and severance, net of tax

(0.02

)

(0.05

)

(0.01

)

(0.15

)

Adjusted net realized gains (losses), net of tax

(0.25

)

(0.12

)

(1.02

)

1.06

1.94

Market risk benefits gains (losses), net of tax

(0.14

)

(0.30

)

(0.10

)

(0.53

)

(0.61

)

Amortization of deferred tax asset from Bermuda law

0.15

(0.09

)

(0.01

)

(0.22

)

(0.31

)

Chubb net income

7.30

6.99

20.46

17.61

25.68

(1) Includes unvested restricted stock units that are not included in common shares outstanding as the shares are not issued until time

of vesting, but are eligible to receive dividends (participating securities).

Earnings per share

Page 25

Chubb Limited

Book Value and Book Value per Common Share

(in

millions of U.S. dollars, except share and per share data)

(Unaudited)

Reconciliation of Book Value per Common Share

September 30

June 30

March 31

December 31

September 30

2026

2025

Chubb shareholders’ equity

73,227

75,372

73,788

73,757

71,855

Less: Chubb goodwill and other intangible assets, net of tax

24,661

24,495

24,584

24,391

24,485

Numerator for tangible book value per share

48,566

50,877

49,204

49,366

47,370

Book value - % change over prior quarter

-2.8%

2.1%

0.0%

2.6%

3.5%

Tangible book value - % change over prior quarter

-4.5%

3.4%

-0.3%

4.2%

5.5%

Book value - % change over prior year

1.9%

8.6%

12.3%

15.2%

9.3%

Tangible book value - % change over prior year

2.5%

13.3%

17.8%

22.7%

14.5%

Denominator: shares outstanding

382,530,069

385,634,049

388,495,580

391,101,227

394,324,438

Book value per common share

191.43

195.45

189.93

188.59

182.22

Tangible book value per common share

126.96

131.93

126.65

126.22

120.13

Reconciliation of Book Value

Chubb shareholders’ equity, beginning of quarter

75,372

73,788

73,757

71,855

69,395

Core operating income

2,980

2,885

2,732

3,027

3,048

Amortization of fair value adjustments of acquired invested assets, long-term debt,

and purchased intangibles other than long-term distribution agreements

(39

)

(39

)

(41

)

(43

)

(42

)

Integration expenses and severance

)

(58

)

Adjusted net realized gains (losses) (1)

(94

)

(345

)

349

(48

)

Market risk benefits gains (losses)

(55

)

(32

)

(120

)

Amortization of deferred tax asset from Bermuda law

(33

)

(31

)

(33

)

(36

)

Net unrealized gains (losses) on investments

(4,475

)

329

(1,614

)

(68

)

832

Repurchase of shares

(1,177

)

(979

)

(1,143

)

(1,094

)

(1,232

)

Dividend declared on common shares

(393

)

(395

)

(380

)

(381

)

(385

)

Cumulative translation gains (losses)

639

(237

)

353

(274

)

Postretirement benefit liability

)

153

)

Current discount rate on future policy benefits

271

(137

)

317

149

284

Instrument-specific credit risk - market risk benefits

)

Other (2)

150

171

211

107

Chubb shareholders’ equity, end of quarter

73,227

75,372

73,788

73,757

71,855

(1) Includes net realized gains (losses) related to unconsolidated entities.

(2) Other primarily includes proceeds from exercise of stock options and stock compensation, offset by the value of any share cancellations for restricted stock vesting

taxes.

Reconciliation Book Value

Page 26

Chubb Limited

Non-GAAP Financial Measures

(Unaudited)

Regulation G - Non-GAAP Financial Measures

In presenting

our results, we included and discussed certain non-GAAP measures. These non-GAAP measures, which may be defined differently by other companies, are important for an understanding of our overall results of operations and financial condition. However,

they should not be viewed as a substitute for measures determined in accordance with generally accepted accounting principles (GAAP).

Throughout this document

there are various measures presented on a constant-dollar basis (i.e., excludes the impact of foreign exchange). We believe it is useful to evaluate the trends in our results exclusive of the effect of fluctuations in exchange rates between the U.S.

dollar and the currencies in which our international business is transacted, as these exchange rates could fluctuate significantly between periods and distort the analysis of trends. The impact is determined by assuming constant foreign exchange

rates between periods by translating prior period results using the same local currency exchange rates as the comparable current period.

P&C underwriting

income (loss) excludes the Life Insurance segment and is calculated by subtracting adjusted losses and loss expenses, adjusted policy benefits, policy acquisition costs and administrative expenses from net premiums earned. We use underwriting

income (loss) and operating ratios to monitor the results of our operations without the impact of certain factors, including net investment income, other income (expense), interest expense, amortization expense of purchased intangibles, integration

expenses and severance, amortization of fair value adjustments of acquired invested assets and long-term debt, income tax expense, adjusted net realized gains (losses), and market risk benefits gains (losses).

P&C CAY underwriting income excluding catastrophe losses (Cats) is P&C underwriting income (loss) adjusted to exclude P&C Cats and prior period

development (PPD). We believe it is useful to exclude Cats, as they are not predictable as to timing and amount, and PPD, as these unexpected loss developments on historical reserves are not indicative of our current underwriting performance. We

believe the use of these measures enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business.

Adjusted losses and loss expenses include realized gains and losses on crop derivatives. These derivatives were purchased to provide economic benefit, in a

manner similar to reinsurance protection, in the event that a significant decline in commodity pricing impacts underwriting results. We view gains and losses on these derivatives as part of the results of our underwriting operations, and therefore

realized gains (losses) from these derivatives are reclassified to adjusted losses and loss expenses.

Adjusted policy benefits include gains and losses from

fair value changes in separate account liabilities, as well as the offsetting movement in separate account assets that do not qualify for separate account reporting under U.S. GAAP, for purposes of reporting Life Insurance underwriting income. We

view gains and losses from fair value changes in both non-qualified separate account assets and liabilities as part of the results of our underwriting operations, and therefore these gains and losses are reclassified from Other (income) expense to

adjusted policy benefits. In addition, adjusted policy benefits includes the impact of realized gains and losses on underlying investments supporting the liabilities of certain participating policies for the portion that are shared with

policyholders. These realized gains and losses on underlying investments have been reclassified from net realized gains (losses) to adjusted policy benefits. We believe this presentation better reflects the economics of the liabilities and the

underlying investments supporting those liabilities.

Adjusted net investment income is net investment income excluding the amortization of the fair value

adjustment on acquired invested assets from certain acquisitions, and including investment income from partially-owned investment companies (private equity partnerships) where our ownership interest is in excess of 3% that are accounted for under

the equity method. The mark-to-market movement on these private equity partnerships are included in adjusted net realized gains (losses) as described below. We believe this measure is meaningful as it highlights the underlying performance of our

invested assets and portfolio management in support of our lines of business.

Adjusted net realized gains (losses), net of tax, includes net realized gains

(losses) and net realized gains (losses) recorded in other income (expense) related to unconsolidated subsidiaries, and excludes realized gains and losses on crop derivatives and realized gains and losses on underlying investments supporting the

liabilities of certain participating policies related to the policyholders’ share of gains and losses.

Adjusted interest expense is interest expense

excluding the amortization of the fair value adjustment on acquired long-term debt, related to the Chubb Corp acquisition due to the size and complexity of this acquisition.

Other income (expense) - operating excludes from consolidated Other income (expense) the portion of net realized gains and losses related to unconsolidated

entities, other income (expense) from private equity partnerships, and gains and losses from fair value changes in separate account assets that do not qualify for separate account reporting under U.S. GAAP. Net realized gains (losses) related to

unconsolidated entities is excluded from core operating income (loss) in order to enhance the understanding of our results of underwriting operations as they are heavily influenced by, and fluctuate in part according to, market conditions. Other

income (expense) from private equity partnerships and net realized gains and losses related to unconsolidated entities are recorded to Other income (expense) in our income statement on a U.S. GAAP basis.

P&C combined ratio excludes the Life Insurance segment. P&C loss and loss expense ratio and P&C combined ratio include adjusted losses and loss

expenses and policy benefits in the ratio numerator. P&C expense ratio and P&C combined ratio include policy acquisition costs and administrative expenses in the ratio numerator. A reconciliation of combined ratio to P&C combined ratio

is provided on pages 30 - 33.

CAY P&C combined ratio excluding catastrophe losses excludes Cats and PPD from the P&C combined ratio. We exclude Cats

as they are not predictable as to timing and amount and PPD as these unexpected loss developments on historical reserves are not indicative of our current underwriting performance. The combined ratio numerator is adjusted to exclude Cats, PPD and

expense adjustments on PPD, and the denominator is adjusted to exclude net premiums earned adjustments on PPD and reinstatement premiums on Cats and PPD. In periods where there are adjustments on loss sensitive policies, these adjustments are

excluded from both losses and loss expenses and net premiums earned when calculating the ratios. We believe this measure provides a useful evaluation of our underwriting performance and enhances the understanding of the trends in our P&C

business that may be obscured by these items. This measure is commonly reported among our peer companies and allows for a useful comparison.

Expense ratio

excluding accident and health (A&H) excludes the impact of our A&H business from our expense ratio. The expense ratio for the A&H business is typically higher than our traditional P&C business, and we believe that this measure

provides better comparison to our peer companies that may not have a significant A&H block of business.

Global P&C performance metrics comprise

consolidated operating results (including corporate) and exclude the operating results of Chubb’s Life Insurance and North America Agricultural Insurance segments. The agriculture insurance business is a different business in that it is a

public sector and private sector partnership in which insurance rates, premium growth, and risk-sharing is not market-driven like the remainder of Chubb’s P&C insurance business. We believe that these measures are useful and meaningful to

investors as they are used by management to assess Chubb’s global P&C operations which are the most economically similar. We exclude the North America Agricultural Insurance and Life Insurance segments because the results of these

businesses do not always correlate with the results of our global P&C operations.

Core operating income relates only to Chubb income, which excludes

noncontrolling interests. It excludes from Chubb net income the after-tax impact of adjusted net realized gains (losses), market risk benefits gains (losses), amortization of fair value adjustments of acquired invested assets, long-term debt, and

purchased intangibles other than long-term distribution agreements, and other items described in this paragraph. We believe this presentation enhances the understanding of our results of operations by highlighting the underlying profitability of our

insurance business. We exclude adjusted net realized gains (losses) and market risk benefits gains (losses) because the amount of these gains (losses) is heavily influenced by, and fluctuates in part according to, the availability of market

opportunities. In addition, we believe that amortization of certain fair value adjustments arising from the application of acquisition method accounting to acquired businesses does not represent the associated true economic costs and also affects

comparability of our operating results to peers. We therefore exclude amortization expenses of fair value adjustments on purchased invested assets, long-term debt, and certain intangible assets acquired through business combinations (primarily

agency distribution relationships and renewal rights); in contrast, amortization expenses associated with value of business acquired (VOBA) and unearned premium reserves (UPR) intangible assets are included in core operating income as they are

generally comparable to underwriting expenses recognized by peers. We also exclude integration expenses, including legal and professional fees and all other costs directly related to acquisition integration activities, as well as severance expenses

associated with transformation initiatives to enhance operational efficiency. These costs, as well as the amortization of fair value adjustments on purchased invested assets, long-term debt, and certain intangible assets acquired through business

combinations, are not related to the ongoing activities of the individual segments and are therefore included in Corporate and excluded from our definition of segment income. We believe these integration expenses and severance are not indicative of

our underlying profitability, and excluding these integration expenses and severance facilitates the comparison of our financial results to our historical operating results. Additionally, we exclude the amortization of the deferred tax asset related

to the tax benefit from the Bermuda Economic Transition Adjustment, which we believe provides investors with a better view of our operating performance, enhances the understanding of the trends in the underlying business, improves comparability

between periods and provides increased transparency. References to core operating income measures mean net of tax, whether or not noted.

Chubb core operating

effective tax rate is income tax expense (benefit) excluding tax expense (benefit) on adjusted net realized gains (losses), tax expense (benefit) on market risk benefits gains (losses), tax expense (benefit) on amortization of fair value

adjustments of acquired invested assets, long-term debt, and purchased intangibles other than long-term distribution agreements, tax expense (benefit) on integration expenses and severance, and the amortization of the deferred tax asset related to

the tax benefit from the Bermuda Economic Transition Adjustment, all attributable to Chubb, divided by Chubb income before tax excluding adjusted net realized gains (losses) before tax, market risk benefit gains (losses) before tax, amortization of

fair value adjustments of acquired invested assets, long-term debt, and purchased intangibles other than long-term distribution agreements before tax, and integration expenses and severance before tax, all attributable to Chubb. We believe the use

of this measure is meaningful to show the tax on the underlying performance of our insurance business, by excluding the taxes on adjusted net realized gains (losses), market risk benefit gains (losses), amortization of the fair value adjustments

related to acquired invested assets, long-term debt, and purchased intangibles other than long-term distribution agreements, integration expenses and severance, and the amortization of the deferred tax asset related to the tax benefit from the

Bermuda Economic Transition Adjustment. Due to fluctuations in our income before taxes during the year, on a quarterly basis these exclusions may not annualize to the full year forecasted expense or (benefit), if applicable. Refer to the definition

of core operating income (loss), net of tax above for more information on these adjustments.

Tangible book value per common share is Chubb

shareholders’ equity less Chubb goodwill and other intangible assets, net of tax, divided by the shares outstanding. We believe that goodwill and other intangible assets are not indicative of our underlying insurance results or trends and make

book value comparisons to less acquisitive peer companies less meaningful. Book value per share and tangible book value per share excluding accumulated other comprehensive income (loss) (AOCI), excludes AOCI from the numerator because it eliminates

the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates and foreign currency movement, to highlight underlying growth in book and tangible book value.

International life insurance net premiums written and deposits collected includes deposits collected on universal life and investment contracts (life deposits).

Life deposits are not reflected as revenues in our consolidated statements of operations in accordance with U.S. GAAP. However, we include life deposits in presenting growth in our life insurance business because new life deposits are an important

component of production and key to our efforts to grow our business.

Adjusted operating cash flow is Operating cash flow excluding the operating cash flow

related to the net investing activities of Huatai’s asset management companies as it relates to the Consolidated Investment Products as required under consolidation accounting. Because these entities are investment companies, we are required

to retain the investment company presentation in our consolidated results, which means we include the net investing activities of these entities in our operating cash flows. Chubb has elected to remove the impact of net investing activities of

consolidated investment companies from our operating cash flow as they may distort a reader’s analysis of our underlying operating cash flow related to the core insurance company operations. These net investing activities are more

appropriately classified outside of operating cash flows, consistent with our consolidated investing activities. Accordingly, we believe that it is appropriate to adjust operating cash flow for the impact of consolidated investment products.

Total adjusted capitalization is the sum of the short-term debt, long-term debt, hybrid debt, and Chubb shareholders’ equity less Chubb unrealized gains

(losses) on investments, net of deferred tax. This measure is meaningful as it eliminates the effect of after-tax unrealized mark-to-market movements on our investment portfolio, which can fluctuate significantly from period to period, to better

highlight our company’s underlying total capital position.

Reconciliation Non-GAAP

Page 27

Chubb Limited

Non-GAAP Financial Measures - 2

(in millions

of U.S. dollars, except ratios)

(Unaudited)

Regulation G - Non-GAAP Financial Measures (continued)

Chubb

core operating effective tax rate

The following table presents the reconciliation of effective tax rate to the Core operating effective tax rate:

YTD

Full Year

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

2026

2025

Tax expense, as reported

663

741

644

592

784

2,048

1,815

2,407

Less: tax expense (benefit) on amortization of fair value adjustments of acquired invested assets,

long-term debt, and purchased intangibles other than long-term distribution agreements

(11

)

(11

)

(11

)

(10

)

(12

)

(33

)

(36

)

(46

)

Less: tax expense (benefit) on integration expenses and severance

)

(17

)

(17

)

Less: tax expense (benefit) on adjusted net realized gains (losses)

(32

)

(107

)

(60

)

Less: tax expense (benefit) on market risk benefits gains (losses)

(10

)

(22

)

(38

)

(43

)

Less: amortization of deferred tax asset from Bermuda law

(60

)

124

Tax expense, adjusted

741

688

656

698

788

2,085

1,751

2,449

Income before tax, as reported

3,507

3,595

2,964

3,802

3,585

10,066

8,915

12,717

Less: amortization of fair value adjustments of acquired invested assets, long-term debt, and purchased

intangibles other than long-term distribution agreements

(50

)

(50

)

(52

)

(53

)

(54

)

(152

)

(163

)

(216

)

Less: integration expenses and severance

(11

)

(75

)

(28

)

(78

)

Less: adjusted realized gains (losses)

(368

)

(394

)

(39

)

(689

)

Less: realized gains (losses) related to unconsolidated entities

280

281

(83

)

299

437

718

Less: market risk benefits gains (losses)

(65

)

(37

)

(142

)

(46

)

(251

)

(288

)

Core operating income before tax

3,721

3,573

3,388

3,725

3,836

10,682

8,857

12,582

Effective tax rate

18.9%

20.6%

21.7%

15.5%

21.9%

20.3%

20.4%

18.9%

Adjustment for tax impact of amortization of fair value adjustments of acquired invested assets, long-term

debt, and purchased intangibles other than long-term distribution agreements

0.0%

0.1%

0.0%

-0.1%

0.0%

0.1%

Adjustment for tax impact of integration expenses and severance

0.0%

0.1%

0.0%

Adjustment for tax impact of adjusted net realized gains (losses)

-0.5%

-1.5%

4.2%

-0.2%

-0.8%

0.4%

1.6%

Adjustment for tax impact of market risk benefits gains (losses)

-0.1%

0.0%

-0.1%

-0.2%

0.0%

-0.1%

Adjustment for amortization of deferred tax asset from Bermuda law

1.6%

-0.9%

-1.0%

0.0%

-1.0%

Core operating effective tax rate

19.9%

19.3%

18.7%

20.5%

19.5%

19.8%

19.5%

Core operating income

The following table presents the reconciliation of Chubb net income to Core operating income:

YTD

Full Year

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

2026

2025

Chubb net income

2,844

2,854

2,320

3,210

2,801

8,018

7,100

10,310

Amortization of fair value adjustments of acquired invested assets, long-term debt, and purchased

intangibles other than long-term distribution agreements, pre-tax

(50

)

(50

)

(52

)

(53

)

(54

)

(152

)

(163

)

(216

)

Tax (expense) benefit on amortization adjustment

Integration expenses and severance, pre-tax

(11

)

(75

)

(28

)

(78

)

Tax (expense) benefit on integration expenses and severance

Adjusted realized gains (losses), pre-tax

(368

)

(394

)

(39

)

(689

)

Net realized gains (losses) related to unconsolidated entities, pre-tax (1)

280

281

(83

)

299

437

718

Tax (expense) benefit on adjusted net realized gains (losses)

)

(32

)

107

)

(47

)

Market risk benefits gains (losses), pre-tax

(65

)

(37

)

(142

)

(46

)

(251

)

(288

)

Tax (expense) benefit on market risk benefits gains (losses)

)

Amortization of deferred tax asset from Bermuda law

(33

)

(31

)

(33

)

(36

)

(91

)

(124

)

Core operating income

2,980

2,885

2,732

3,027

3,048

8,597

7,106

10,133

Catastrophe losses - after-tax

562

375

397

292

226

1,334

2,036

2,328

Unfavorable (favorable) prior period development (PPD) - after-tax

(394

)

(216

)

(231

)

(220

)

(238

)

(841

)

(638

)

(858

)

P&C underwriting income and P&C CAY underwriting income ex Cats

The following table presents the reconciliation of Net income to P&C underwriting income and P&C CAY underwriting income ex Cats:

YTD

Full Year

3Q-26

2Q-26

1Q-26

4Q-25

3Q-25

2026

2025

Net income

2,736

2,882

2,347

3,173

3,107

7,965

7,449

10,622

Less: Income tax expense

(666

)

(742

)

(646

)

(597

)

(787

)

(2,054

)

(1,825

)

(2,422

)

Amortization expense of purchased intangibles

(74

)

(74

)

(73

)

(77

)

(75

)

(221

)

(224

)

(301

)

Other income (expense)

364

196

161

516

721

781

1,297

Interest expense

(204

)

(200

)

(198

)

(205

)

(197

)

(602

)

(559

)

(764

)

Net investment income

1,791

1,760

1,709

1,688

1,648

5,260

4,777

6,465

Net realized gains (losses)

(455

)

162

(407

)

(116

)

283

(700

)

327

211

Market risk benefits gains (losses)

(65

)

(37

)

(142

)

(46

)

(251

)

(288

)

Integration expenses and severance

(11

)

(76

)

(28

)

(79

)

Life Insurance underlying income (loss) (2)

(162

)

(128

)

(166

)

(41

)

Add: Realized gains (losses) on crop derivatives

)

(11

)

(16

)

P&C underwriting income

2,061

1,937

1,792

2,197

2,259

5,790

4,331

6,528

Add: Catastrophe losses (including reinstatement premiums) - pre-tax

705

475

500

365

285

1,680

2,556

2,921

Unfavorable (favorable) prior period development (PPD) - pre-tax

(511

)

(283

)

(286

)

(268

)

(361

)

(1,080

)

(865

)

(1,133

)

P&C CAY underwriting income ex Cats

2,255

2,129

2,006

2,294

2,183

6,390

6,022

8,316

(1) Realized gains (losses) on partially-owned entities, which are investments where we hold more than an insignificant percentage of

the investee’s shares. The net realized gain or loss is included in other income (expense) under U.S. GAAP.

(2) Life Insurance underlying income (loss) is

calculated by subtracting losses and loss expenses, policy benefits, policy acquisition costs and administrative expenses from net premiums earned related to the Life Insurance segment.

Reconciliation Non-GAAP 2

Page 28

Chubb Limited

Non-GAAP Financial Measures - 3

(in millions

of U.S. dollars, except share, per share data, and ratios)

(Unaudited)

Regulation G - Non-GAAP Financial Measures (continued)

Core

operating ROE and Core operating ROTE

Core operating return on equity (ROE) and Core operating return on tangible equity (ROTE) are annualized non-GAAP

financial measures. The numerator includes core operating income (loss), net of tax. The denominator includes the average Chubb shareholders’ equity for the period adjusted to exclude unrealized gains (losses) on investments, current discount

rate on future policy benefits (FPB), and instrument-specific credit risk – market risk benefits (MRB), all net of tax and attributable to Chubb. For the ROTE calculation, the denominator is also adjusted to exclude Chubb goodwill and other

intangible assets, net of tax. These measures enhance the understanding of the return on shareholders’ equity by highlighting the underlying profitability relative to shareholders’ equity and tangible equity excluding the effect of these

items as these are heavily influenced by changes in market conditions. We believe ROTE is meaningful because it measures the performance of our operations without the impact of goodwill and other intangible assets.

YTD

Full Year

3Q-26

3Q-25

2026

2025

Chubb net income

2,844

2,801

8,018

7,100

10,310

Core operating income

2,980

3,048

8,597

7,106

10,133

Equity - beginning of period, as reported

75,372

69,395

73,757

64,021

Less: unrealized gains (losses) on investments, net of deferred tax

(3,282

)

(2,772

)

(1,997

)

(4,552

)

(4,552

)

Less: changes in current discount rate on FPB, net of deferred tax

(164

)

(746

)

(344

)

(539

)

(539

)

Less: changes in instrument-specific credit risk on MRB, net of deferred tax

(12

)

(12

)

(23

)

(16

)

(16

)

Equity - beginning of period, as adjusted

78,830

72,925

76,121

69,128

Less: Chubb goodwill and other intangible assets, net of tax

24,495

24,490

24,391

23,800

Equity - beginning of period, as adjusted ex Chubb goodwill and other intangible assets

54,335

48,435

51,730

45,328

Equity - end of period, as reported

73,227

71,855

73,227

71,855

73,757

Less: unrealized gains (losses) on investments, net of deferred tax

(7,757

)

(1,940

)

(7,757

)

(1,940

)

(1,997

)

Less: changes in current discount rate on FPB, net of deferred tax

107

(462

)

107

(462

)

(344

)

Less: changes in instrument-specific credit risk on MRB, net of deferred tax

(12

)

(19

)

(12

)

(19

)

(23

)

Equity - end of period, as adjusted

80,889

74,276

80,889

74,276

76,121

Less: Chubb goodwill and other intangible assets, net of tax

24,661

24,485

24,661

24,485

24,391

Equity - end of period, as adjusted ex Chubb goodwill and other intangible assets

56,228

49,791

56,228

49,791

51,730

Weighted average equity, as reported

74,300

70,625

73,492

67,938

68,889

Weighted average equity, as adjusted ex Chubb goodwill and other intangible assets

55,282

49,113

53,979

47,560

48,529

Weighted average equity, as adjusted

79,860

73,601

78,505

71,702

72,625

ROE

15.3%

15.9%

14.5%

13.9%

15.0%

Core operating ROTE

21.6%

24.8%

21.2%

19.9%

20.9%

Core operating ROE

14.9%

16.6%

14.6%

13.2%

14.0%

Private equities realized gains (losses), after-tax

(1)

149

(26

)

206

399

817

Impact of Private equities if included in Core operating ROE - Favorable (unfavorable) (1)

0.8 pts

-0.2 pts

0.4 pts

0.8 pts

1.1 pts

Reconciliation of Book Value and Tangible Book Value per Share to adjusted measures

September 30

June 30

December 31

September 30

QTD

YTD

Year-over-Year

2026

2025

% Change

Book value

73,227

75,372

73,757

71,855

Less: AOCI

(9,483

)

(5,923

)

(4,975

)

(4,892

)

Book value excluding AOCI

82,710

81,295

78,732

76,747

Tangible book value

48,566

50,877

49,366

47,370

Less: Tangible AOCI

(9,080

)

(5,300

)

(4,181

)

(4,129

)

Tangible book value excluding tangible AOCI

57,646

56,177

53,547

51,499

Denominator: shares outstanding

382,530,069

385,634,049

391,101,227

394,324,438

Book value per share

191.43

195.45

188.59

182.22

-2.1%

1.5%

5.1%

Tangible book value per share

126.96

131.93

126.22

120.13

-3.8%

0.6%

5.7%

Book value per share excluding AOCI

216.22

210.81

201.31

194.63

2.6%

7.4%

11.1%

Tangible book value per share excluding tangible AOCI

150.70

145.67

136.91

130.60

3.5%

10.1%

15.4%

(1) We record the change in the fair value mark and gains (losses) on sales of private equity funds as realized gains (losses) instead

of investment income.

Reconciliation Non-GAAP 3

Page 29

Chubb Limited

Non-GAAP Financial Measures - 4

(in millions

of U.S. dollars, except ratios)

(Unaudited)

Regulation G - Non-GAAP Financial Measures (continued)

P&C

combined ratio

The P&C combined ratio includes the impact of realized gains and losses on crop derivatives. These derivatives were purchased to

provide economic benefit, in a manner similar to reinsurance protection, in the event that a significant decline in commodity pricing will impact underwriting results. We view gains and losses on these derivatives as part of the results of our

underwriting operations.

The following tables present the calculation of combined ratio, as reported, for each segment to P&C combined ratio, adjusted for

catastrophe losses (Cats) and prior period development (PPD).

Q3 2026

North

America

Commercial P&C

Insurance

North

America

Personal P&C

Insurance

North

America

Agricultural

Insurance

Overseas

General

Insurance

Global

Reinsurance

Corporate

Total

P&C

Numerator

Losses and loss expenses

Losses and loss expenses/policy benefits

3,422

668

1,311

2,034

130

7,616

Realized (gains) losses on crop derivatives

)

Adjusted losses and loss expenses/policy benefits

3,422

668

1,306

2,034

130

7,611

Catastrophe losses and related adjustments

Catastrophe losses, net of related adjustments

(237

)

(203

)

(249

)

(11

)

(705

)

Reinstatement premiums collected (expensed) on catastrophe losses

Catastrophe losses, gross of related adjustments

(237

)

(203

)

(249

)

(12

)

(706

)

PPD and related adjustments

PPD, net of related adjustments - favorable (unfavorable)

379

162

(51

)

511

Net premiums earned adjustments on PPD - unfavorable (favorable)

)

Expense adjustments - unfavorable (favorable)

)

PPD reinstatement premiums - unfavorable (favorable)

PPD, gross of related adjustments - favorable (unfavorable)

381

178

(51

)

538

CAY loss and loss expense ex Cats

3,211

846

1,303

1,963

120

7,443

Policy acquisition costs and administrative expenses

1,083

446

1,468

102

110

3,295

Expense adjustments - favorable (unfavorable)

CAY policy acquisition costs and administrative expenses

1,085

446

1,468

104

110

3,299

Denominator

Net premiums earned

5,222

1,846

1,559

4,053

287

12,967

Reinstatement premiums (collected) expensed on catastrophe losses

)

Net premiums earned adjustments on PPD - unfavorable (favorable)

)

PPD reinstatement premiums - unfavorable (favorable)

Net premiums earned excluding adjustments

5,236

1,848

1,559

4,069

285

12,997

P&C combined ratio

Loss and loss expense ratio

A/E

65.5%

36.2%

83.8%

50.2%

45.2%

58.7%

Policy acquisition cost and administrative expense ratio

C/E

20.8%

24.1%

5.5%

36.2%

35.5%

25.4%

P&C combined ratio

86.3%

60.3%

89.3%

86.4%

80.7%

84.1%

CAY P&C combined ratio ex Cats

Loss and loss expense ratio, adjusted

B/F

61.4%

45.8%

83.5%

48.2%

42.1%

57.3%

Policy acquisition cost and administrative expense ratio, adjusted

D/F

20.7%

24.1%

5.5%

36.1%

36.6%

25.3%

CAY P&C combined ratio ex Cats

82.1%

69.9%

89.0%

84.3%

78.7%

82.6%

Combined ratio

84.1%

Add: impact of gains and losses on crop derivatives

0.0%

P&C combined ratio

84.1%

Note: The ratios above are calculated using whole U.S. dollars. Accordingly, calculations using rounded amounts may differ. Letters A,

B, C, D, E, and F included in the table are references for calculating the ratios above.

Reconciliation Non-GAAP 4

Page 30

Chubb Limited

Non-GAAP Financial Measures - 5

(in millions

of U.S. dollars, except ratios)

(Unaudited)

Regulation G - Non-GAAP Financial Measures (continued)

P&C

combined ratio (continued)

YTD 2026

North

America

Commercial P&C

Insurance

North

America

Personal P&C

Insurance

North

America

Agricultural

Insurance

Overseas

General

Insurance

Global

Reinsurance

Corporate

Total

P&C

Numerator

Losses and loss expenses

Losses and loss expenses/policy benefits

10,014

2,493

1,874

5,614

388

224

20,607

Realized (gains) losses on crop derivatives

Adjusted losses and loss expenses/policy benefits

10,014

2,493

1,885

5,614

388

224

20,618

Catastrophe losses and related adjustments

Catastrophe losses, net of related adjustments

(741

)

(551

)

(23

)

(338

)

(27

)

(1,680

)

Reinstatement premiums collected (expensed) on catastrophe losses

Catastrophe losses, gross of related adjustments

(741

)

(551

)

(23

)

(338

)

(28

)

(1,681

)

PPD and related adjustments

PPD, net of related adjustments - favorable (unfavorable)

214

553

439

(224

)

1,080

Net premiums earned adjustments on PPD - unfavorable (favorable)

)

Expense adjustments - unfavorable (favorable)

PPD reinstatement premiums - unfavorable (favorable)

PPD, gross of related adjustments - favorable (unfavorable)

235

555

472

(224

)

1,137

CAY loss and loss expense ex Cats

9,508

2,497

1,944

5,748

377

20,074

Policy acquisition costs and administrative expenses

3,270

1,311

153

4,323

319

327

9,703

Expense adjustments - favorable (unfavorable)

)

CAY policy acquisition costs and administrative expenses

3,268

1,311

153

4,323

317

327

9,699

Denominator

Net premiums earned

15,584

5,409

2,389

11,817

912

36,111

Reinstatement premiums (collected) expensed on catastrophe losses

)

Net premiums earned adjustments on PPD - unfavorable (favorable)

)

PPD reinstatement premiums - unfavorable (favorable)

Net premiums earned excluding adjustments

15,603

5,411

2,389

11,850

910

36,163

P&C combined ratio

Loss and loss expense ratio

A/E

64.3%

46.1%

78.9%

47.5%

42.5%

57.1%

Policy acquisition cost and administrative expense ratio

C/E

20.9%

24.2%

6.4%

36.6%

35.0%

26.9%

P&C combined ratio

85.2%

70.3%

85.3%

84.1%

77.5%

84.0%

CAY P&C combined ratio ex Cats

Loss and loss expense ratio, adjusted

B/F

60.9%

46.2%

81.3%

48.5%

41.4%

55.5%

Policy acquisition cost and administrative expense ratio, adjusted

D/F

21.0%

24.2%

6.4%

36.5%

34.9%

26.8%

CAY P&C combined ratio ex Cats

81.9%

70.4%

87.7%

85.0%

76.3%

82.3%

Combined ratio

83.9%

Add: impact of gains and losses on crop derivatives

0.1%

P&C combined ratio

84.0%

Note: The ratios above are calculated using whole U.S. dollars. Accordingly, calculations using rounded amounts may differ. Letters A,

B, C, D, E, and F included in the table are references for calculating the ratios above.

Reconciliation Non-GAAP 5

Page 31

Chubb Limited

Non-GAAP Financial Measures - 6

(in millions of U.S. dollars, except ratios)

(Unaudited)

Regulation G -

Non-GAAP Financial Measures (continued)

P&C combined ratio (continued)

Q3 2025

North

America

Commercial P&C

Insurance

North

America

Personal P&C

Insurance

North

America

Agricultural

Insurance

Overseas

General

Insurance

Global

Reinsurance

Corporate

Total

P&C

Numerator

Losses and loss expenses

Losses and loss expenses/policy benefits

3,083

713

1,217

1,826

139

7,039

Realized (gains) losses on crop derivatives

Adjusted losses and loss expenses/policy benefits

3,083

713

1,224

1,826

139

7,046

Catastrophe losses and related adjustments

Catastrophe losses, net of related adjustments

(72)

(161)

(4)

(42)

(6)

(285)

Reinstatement premiums collected (expensed) on catastrophe losses

Catastrophe losses, gross of related adjustments

(72)

(161)

(4)

(42)

(6)

(285)

PPD and related adjustments

PPD, net of related adjustments - favorable (unfavorable)

282

(61)

361

Net premiums earned adjustments on PPD - unfavorable (favorable)

Expense adjustments - unfavorable (favorable)

PPD reinstatement premiums - unfavorable (favorable)

PPD, gross of related adjustments - favorable (unfavorable)

282

(61)

432

CAY loss and loss expense ex Cats

3,108

834

1,250

1,868

133

7,193

Policy acquisition costs and administrative expenses

1,056

421

1,343

105

113

3,129

Expense adjustments - favorable (unfavorable)

(3)

CAY policy acquisition costs and administrative expenses

1,053

421

1,343

105

113

3,126

Denominator

Net premiums earned

5,080

1,741

1,495

3,803

315

12,434

Reinstatement premiums (collected) expensed on catastrophe losses

Net premiums earned adjustments on PPD - unfavorable (favorable)

PPD reinstatement premiums - unfavorable (favorable)

Net premiums earned excluding adjustments

5,148

1,741

1,495

3,803

315

12,502

P&C combined ratio

Loss and loss expense ratio

A/E

60.7%

41.0%

81.9%

48.0%

43.8%

56.7%

Policy acquisition cost and administrative expense ratio

C/E

20.8%

24.1%

6.1%

35.3%

33.6%

25.1%

P&C combined ratio

81.5%

65.1%

88.0%

83.3%

77.4%

81.8%

CAY P&C combined ratio ex Cats

Loss and loss expense ratio, adjusted

B/F

60.4%

48.0%

83.6%

49.1%

42.0%

57.5%

Policy acquisition cost and administrative expense ratio, adjusted

D/F

20.4%

24.1%

6.1%

35.3%

33.6%

25.0%

CAY P&C combined ratio ex Cats

80.8%

72.1%

89.7%

84.4%

75.6%

82.5%

Combined ratio

81.7%

Add: impact of gains and losses on crop derivatives

0.1%

P&C combined ratio

81.8%

Note: The ratios above are calculated using whole U.S. dollars. Accordingly, calculations using rounded amounts may differ. Letters A,

B, C, D, E, and F included in the table are references for calculating the ratios above.

Reconciliation Non-GAAP 6

Page 32

Chubb Limited

Non-GAAP Financial Measures - 7

(in millions of U.S. dollars, except ratios)

(Unaudited)

Regulation G -

Non-GAAP Financial Measures (continued)

P&C combined ratio (continued)

YTD 2025

North

America

Commercial P&C

Insurance

North

America

Personal P&C

Insurance

North

America

Agricultural

Insurance

Overseas

General

Insurance

Global

Reinsurance

Corporate

Total

P&C

Numerator

Losses and loss expenses

Losses and loss expenses/policy benefits

9,372

3,628

1,791

5,254

513

145

20,703

Realized (gains) losses on crop derivatives

Adjusted losses and loss expenses/policy benefits

9,372

3,628

1,799

5,254

513

145

20,711

Catastrophe losses and related adjustments

Catastrophe losses, net of related adjustments

(455)

(1,645)

(20)

(349)

(87)

(2,556)

Reinstatement premiums collected (expensed) on catastrophe losses

(50)

(5)

(42)

Catastrophe losses, gross of related adjustments

(455)

(1,595)

(20)

(344)

(100)

(2,514)

PPD and related adjustments

PPD, net of related adjustments - favorable (unfavorable)

246

403

282

(144)

865

Net premiums earned adjustments on PPD - unfavorable (favorable)

Expense adjustments - unfavorable (favorable)

(3)

PPD reinstatement premiums - unfavorable (favorable)

(2)

PPD, gross of related adjustments - favorable (unfavorable)

322

403

282

(144)

936

CAY loss and loss expense ex Cats

9,239

2,436

1,839

5,192

426

19,133

Policy acquisition costs and administrative expenses

3,181

1,252

160

3,792

323

324

9,032

Expense adjustments - favorable (unfavorable)

(3)

CAY policy acquisition costs and administrative expenses

3,178

1,252

163

3,792

323

324

9,032

Denominator

Net premiums earned

15,245

4,996

2,258

10,554

1,021

34,074

Reinstatement premiums (collected) expensed on catastrophe losses

(13)

Net premiums earned adjustments on PPD - unfavorable (favorable)

PPD reinstatement premiums - unfavorable (favorable)

(2)

Net premiums earned excluding adjustments

15,318

5,046

2,258

10,559

1,006

34,187

P&C combined ratio

Loss and loss expense ratio

A/E

61.5%

72.6%

79.7%

49.8%

50.1%

60.8%

Policy acquisition cost and administrative expense ratio

C/E

20.8%

25.1%

7.1%

35.9%

31.8%

26.5%

P&C combined ratio

82.3%

97.7%

86.8%

85.7%

81.9%

87.3%

CAY P&C combined ratio ex Cats

Loss and loss expense ratio, adjusted

B/F

60.3%

48.3%

81.5%

49.2%

42.3%

56.0%

Policy acquisition cost and administrative expense ratio, adjusted

D/F

20.8%

24.8%

7.2%

35.9%

32.2%

26.4%

CAY P&C combined ratio ex Cats

81.1%

73.1%

88.7%

85.1%

74.5%

82.4%

Combined ratio

87.3%

Add: impact of gains and losses on crop derivatives

0.0%

P&C combined ratio

87.3%

Note: The ratios above are calculated using whole U.S. dollars. Accordingly, calculations using rounded amounts may differ. Letters A,

B, C, D, E, and F included in the table are references for calculating the ratios above.

Reconciliation Non-GAAP 7

Page 33

Chubb Limited

Glossary

Chubb Limited Consolidated comprises all

segments including Corporate.

Total P&C comprises all segments (including Corporate) except the Life Insurance segment.

Global P&C comprises all segments (including Corporate) except the Life Insurance and North America Agricultural segments.

P&C combined ratio: The sum of the loss and loss expense ratio, policy acquisition cost ratio and the administrative expense ratio excluding the Life

Insurance segment and including the realized gains and losses on the crop derivatives.

Book value per common share: Chubb shareholders’ equity divided

by the shares outstanding.

Tangible book value per common share: Chubb shareholders’ equity less Chubb goodwill and other intangible assets, net of

tax, divided by the shares outstanding.

Average market yield of fixed income investments: Weighted average yield based on the current market value of our

fixed maturities and other debt investments.

Average book yield of fixed income investments: Weighted average yield based on the amortized cost of our fixed

maturities and other debt investments.

Total capitalization: The sum of the short-term debt, long-term debt, hybrid debt, and Chubb shareholders’

equity.

Integration expenses and severance: Integration expenses comprise legal and professional fees and all other costs directly related to the integration

activities primarily of the Cigna acquisition, as well as severance expenses incurred as part of transformation initiatives to enhance operational efficiency. Integration expenses and severance are incurred by Chubb and are included in Corporate.

These costs are not related to the on-going business activities of the segments and are therefore excluded from our definition of segment income.

Catastrophe

losses (Cats): We generally define catastrophe loss events consistent with the definition of the Property Claims Service (PCS) for events in the U.S. and Canada. PCS defines a catastrophe as an event that causes damage of $25 million or more in

insured losses and affects a significant number of insureds. For events outside of the U.S. and Canada, we generally use a similar definition. Catastrophe loss events are events that occurred in the current calendar year only. Changes in catastrophe

loss estimates in the current calendar year that relate to loss events that occurred in previous calendar years are considered prior period development.

Prior

period development (PPD) arises from changes to loss estimates recognized in the current year that relate to loss events that occurred in previous calendar years and excludes the effect of losses from the development of earned premium from

previous accident years.

Reinstatement premiums are additional premiums paid on certain reinsurance agreements in order to reinstate coverage that had been

exhausted by loss occurrences. The reinstatement premium amount is typically a pro rata portion of the original ceded premium paid based on how much of the reinsurance limit had been exhausted.

Net premiums earned adjustments within prior period development are adjustments to the initial premium earned on retrospectively rated policies based on actual

claim experience that develops after the policy period ends. The premium adjustments correlate to the prior period loss development on these same policies and are fully earned in the period the adjustments are recorded.

Prior period expense adjustments typically relate to either profit commission reserves or policyholder dividend reserves based on actual claim experience that

develops after the policy period ends. The expense adjustments correlate to the prior period loss development on these same policies.

Segment income (loss)

includes underwriting income (loss), adjusted net investment income, other income (expense) – operating, and adjusted amortization expense of purchased intangibles.

Non-premium revenues and expenses included in Other income and expense, principally pertain to the management of third-party assets by Huatai Asset Management

Co., Ltd. (HAM) and Huatai Baoxing, which are unrelated to Huatai Group’s core insurance operations. These revenues and expenses are recognized in the period in which the services are performed.

NM: Not meaningful.

Glossary

Page 34

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v3.26.3

Document and Entity Information

Oct. 20, 2026

Document And Entity Information [Line Items]

Entity Registrant Name

Chubb Ltd

Amendment Flag

false

Entity Central Index Key

0000896159

Document Type

8-K

Document Period End Date

Oct. 20, 2026

Entity Incorporation State Country Code

Entity File Number

1-11778

Entity Tax Identification Number

98-0091805

Entity Address, Address Line One

Baerengasse 32

Entity Address, Postal Zip Code

8001

Entity Address, City or Town

Zurich

Entity Address, Country

Country Region

City Area Code

(0)43

Local Phone Number

456 76 00

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Common Stock [Member]

Document And Entity Information [Line Items]

Security 12b Title

Common Shares, par value CHF 0.50 per share

Trading Symbol

Security Exchange Name

NYSE

INA Senior Notes Due June 2027 [Member]

Document And Entity Information [Line Items]

Security 12b Title

Guarantee of Chubb INA Holdings LLC 0.875% Senior Notes due 2027

Trading Symbol

CB/27

Security Exchange Name

NYSE

INA Senior Notes Due March 2028 [Member]

Document And Entity Information [Line Items]

Security 12b Title

Guarantee of Chubb INA Holdings LLC 1.55% Senior Notes due 2028

Trading Symbol

CB/28

Security Exchange Name

NYSE

INA Senior Notes Due December 2029 [Member]

Document And Entity Information [Line Items]

Security 12b Title

Guarantee of Chubb INA Holdings LLC 0.875% Senior Notes due 2029

Trading Symbol

CB/29A

Security Exchange Name

NYSE

INA Senior Notes Due June 2031 [Member]

Document And Entity Information [Line Items]

Security 12b Title

Guarantee of Chubb INA Holdings LLC 1.40% Senior Notes due 2031

Trading Symbol

CB/31

Security Exchange Name

NYSE

INA Senior Notes Due March 2038 [Member]

Document And Entity Information [Line Items]

Security 12b Title

Guarantee of Chubb INA Holdings LLC 2.50% Senior Notes due 2038

Trading Symbol

CB/38A

Security Exchange Name

NYSE

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