What's in the Cards for Chubb Limited This Earnings Season?
Chubb LimitedCB is expected to register an improvement in both top and bottom lines when it reports first-quarter 2026 results on April 21, after market close.
The Zacks Consensus Estimate for CB’s first-quarter revenues is pegged at $14.85 billion, indicating 8.6% growth from the year-ago reported figure. The consensus estimate for earnings is pegged at $6.47 per share. The Zacks Consensus Estimate for CB’s first-quarter earnings has moved down 0.3% in the past 60 days. The figure suggests a year-over-year rise of 75.8%.
What the Zacks Model Unveils for CB
Our proven model does not conclusively predict an earnings beat for Chubb this time around. This is because a stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold). This is not the case, as you can see below:
Earnings ESP: Chubb Limited has an Earnings ESP of -0.32%. This is because the Most Accurate Estimate of $6.45 is pegged lower than the Zacks Consensus Estimate of $6.47. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: CB currently carries a Zacks Rank #3.
Factors Likely to Shape Q1 Results
Its first-quarter top line is likely to have benefited from investment results as well as solid premium revenue growth, driven by a compelling product portfolio, strong retention and new business across most product lines as well as geographic presence. Its digital and AI efforts are expected to have added to the upside.
The high net-worth personal lines business is likely to have benefited from strong new business and retention, including positive rates and exposure increases across all lines.
Premiums at Life Insurance are expected to have gained from strong new business in North Asia, notably in Huatai, Hong Kong, Taiwan and Korea.
The Zacks Consensus Estimate for net premiums earned is pegged at $13 billion. We expect net premiums earned to be $12.9 billion, indicating a 7.7% year-over-year increase.
Net investment income is likely to have benefited from higher average invested assets and higher reinvestment rates on fixed maturities. Chubb Limited expects quarterly adjusted net investment income to be between $1.81 billion and $1.84 billion in the first quarter of 2026. We expect net investment income to be $2 billion in the to-be-reported quarter, indicating a 27.2% year-over-year increase. The Zacks Consensus Estimate is pegged at $1.8 billion, indicating an 18.8% year-over-year increase.
Better pricing and increased exposure, coupled with prudent underwriting, are expected to have aided underwriting profitability, which is expected to have led to an improvement in the combined ratio. The Zacks Consensus Estimate for the combined ratio is pegged at 83.
Expenses are expected to have increased because of higher policy acquisition costs, administrative expenses and interest expenses. We estimate the metric to be $11.4 billion.
Nevertheless, share buybacks in the to-be-reported quarter are likely to have aided the bottom line.
Stocks to Consider
Here are three P&C insurance stocks you may want to consider, as our model shows that these also have the right combination of elements to post an earnings beat:
Arch Capital Group Ltd.ACGL has an Earnings ESP of +0.97% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for first-quarter 2026 earnings is pegged at $2.46, indicating a year-over-year increase of 59.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
ACGL’s earnings beat estimates in each of the last four reported quarters.
RenaissanceRe Holdings Ltd.RNR has an Earnings ESP of +4.62% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for first-quarter 2026 earnings is pegged at $11.36, indicating a year-over-year increase of 862.42%.
RNR’s earnings beat estimates in three of the last four reported quarters and missed in one.
The Allstate Corporation ALL has an Earnings ESP of +1.65% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for first-quarter 2026 earnings is pegged at $7.61, indicating a year-over-year increase of 115.6%.
ALL’s earnings beat estimates in each of the last four reported quarters.
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