Chubb reported lower profit in its second quarter, as soft underwriting conditions persist in certain areas of property insurance globally.

The insurance company reported net income of $2.85 billion, or $7.30 a share, compared with $2.97 billion, or $7.35 a share, in the same quarter a year before.

Core operating income per share, which excludes certain items including adjusted net realized gains and market risk benefits gains, was $7.26. Analysts polled by FactSet expected $6.78 a share.

Net premiums rose to $14.71 billion, up from $14.20 billion a year prior.

Property and casualty net premiums rose 3% to $12.77 billion.

Life insurance net premiums rose 7.5% to $1.94 billion.

Chief Executive Evan Greenberg said that there are overly soft underwriting conditions in areas of property insurance globally, but Chubb was well diversified and the majority of its businesses are growing. He added that softer market conditions are spreading to certain areas of casualty and financial lines also remain soft.

Write to Grace Yoon at grace.yoon@wsj.com

(END) Dow Jones Newswires

July 21, 2026 16:40 ET (20:40 GMT)

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